[dpaterso]

Hey 'daydreamer65',

I was wondering what happened to you (and others from last year)!!!

I don't disagree one bit about 'the most important part'. But let's face it: you and I have been at this a little while now and it's NOT as easy to be consistently successful in the business as the first post on this thread would have you believe. Hell: if I was new at this and saw a post like that I'd probably have 'jumped in' 'feet and all'!!! Somebody else is talking about Support and Resistance. Good and well but there ALREADY you're talking about at very least SOME knowledge OTHER than what is posted here. Aside from that: call me dumb but I've looked at that chart and I (also) don't see where the money is being made. What I DO however see is a whole PILE of 'sh*t' happening if you're wrong on a trade and don't adhere to some sound money managements rules and don't know how / where to set stop losses or take profit which AGAIN already assumes a bit of knowledge and experience which is totally different from the message that the first post converys. OK: maybe my problem with the post is not so much the 'system' (not that I would touch it with a 'barge pole') but maybe the way it's worded (again: no offense). I suppose all I'm trying to do is 'warn' any new trader that comes across posts like this to NOT think that trading is like 'paint by number'. It ain't!!!

Edit:

OK: In all fairness I've had a look at the thread starters website. Impressive (especially the radio interview). He calls himself a 'statistical trader' which is not a term I'm familiar with so then I probably should not be judging here (which is not my intention). ALL I'M SAYING: consistency does NOT come easy in this business so be careful!!!