Roger Felton

Man, you just don't stop, do you? I have thoroughly reviewed this entire thread and nowhere does SUIYA ask me for my help. GOSU did and I chose to ignore it. The guy has so much seething hatred right down to the core of his soul towards me that there is no way in hell I could help him. No matter what I did for him he could never bring himself to say anything even civil much less honest about me. So be it. SUIYA is another matter. If he/she had simply asked, I would have gladly done everything in my power to make a big difference. I love working with skeptics. I do it all the time. Please show me in this thread where SUIYA asked me for anything. You read but you didn't comprehend. I specifically said that I made that "million dollar offer" while speaking at a tradeshow. Had I known you would get so hung up on it I'd have had it video taped. Whenever the topic of black box autotrading systems comes up, I repeat the offer. If someone could produce such, and could prove that it did and would continue to make vast amounts of money, ANYONE could get that amount of money together from investors if they didn't have it themselves. If I didn't have that much liquidity, I could raise it in less than 30 minutes. You're getting way too bent out of shape about something so common sense. Trust me, nobody has any trading system auto or otherwise that comes with a performance guarantee...and nobody would pay a million for one that didn't. So far, no takers. Where did you get the phony $6500 figure that I supposedly charge for my help? I have never charged anyone that figure...not even close. Another in your long list of made up bunk. The bigger question is, if someone can actually vastly improve someone's trading ability and turn a loser into a consistent winner, why would that not be worth a lot more than a lousy $6500? If they can't do squat, then 65 cents is too much to pay. It's the results, not the price that matters and I'm surprised that you are so clueless about that basic fact. What's your problem with the website? I'm one of the very few, if not the only, trading educator that invites anyone to come in to my trading room and actually interact with me and the group as they watch trades, not just called, but actually taken...for virtually as long as they care to stay. If they want more time, they simply ask and it's totally free. Who else does that? At no time is anyone ever asked to buy anything by anyone at Felton Trading. Wouldn't it be great if all were that way? The trades are in simulation and with just two contracts per trade. No moderator in their right mind would consider moderating a constant interaction and commentary trading room and trade a live account in fast action discretionary trades. The computer I use is one of the most powerful money can buy but with 20+ charts running along with Omnovia in moderator mode, the resources are completely maxed out. It's a rare day the order execution platform doesn't run a second or two slow. Trading in sim is actually harder than my live account trades that are done on a dedicated computer used only for trading. Many of my trades for 10 to 20 tick scalps can take less than 5 seconds from beginning to end. Sorry, but to sacrifice otherwise successful real dollar trades by using a stressed out machine just to please you just ain't gonna happen. You'd never take the time to come in and watch it happen anyway. Your only agenda is to lie, criticize and smear. I trade just 2 contracts because that's a number most traders in the learning stage can relate to. I want to demonstrate what can be done with just 2 per trade. My daily goal is to exceed $1000 in sim although many follow my trades with their live account positions. If a trader can consistently do that with 2 contracts, there's not much they can't do. Because my trades are so conservative vs. potential, when my trades win, so do theirs the vast majority of the time. But the goal is to teach them to trade on their own better than I do so they don't need me any more. Criticize all you wish, what I do works and I'm not going to change my training model for you or anyone else who have no clue what me or Felton Trading are about. The problem here isn't that you guys challenge me. You insult me. You lie about me and make things up, you slander and distort everything you can in order to try to discredit me. None of you have ever met me or let me work with you for even 2 seconds. You never will. So don't call it "challenges" ...call it for what it is. I can never prove anything if I'm never given a chance. P.S. You still haven't posted these "questions" that you keep saying I'm not answering. Just make them legitimate questions and not insults with a question mark.

No kidding, the video was a hoot. To my knowledge, I don't think I ever said you were a "mentor hater" and I don't think we've had much of an exchange in the first place. I apologize if you got that impression. I admire (and I have always strongly promoted) healthy skepticizm. It's vital these days so keep it up! Roger

For the record, Gosu is a mentor hater just as you are. I said adios to that previous thread and, as promised, did not return to see anybody's comments. I'm a very good trading instructor but I cannot help someone whose heart is filled with hate and wants to argue, fight and smear. No one can help anyone like that...sorry. Although you will continue to spew your words ( I know you like a book, remember) this will be my last exchange with you. Trying to have a civil discourse with a damaged jaded trader is usually a total waste of time and energy. I wish you well.

I am mentoring, mit. I'm mentoring you. Trying to get you to think. I didn't come to this forum with guns blazing to see who I could shoot down and insult the most. I came here to learn from others and help teach in return. You have never and will never see me ask anybody to join my group or offer to sell anyone anything at any time. But you can't accept that promise. You want to make this a "war" of words. When I'm in this forum I'm just another trader. I don't know all there is about trading and neither does anybody else. Traders who stop learning become former traders. In return, I have a tremendous amount of knowledge that I offer freely to the TL members. No tricks, no traps, no kidding. But individuals like you would never consider spending even 5 minutes in my trading room to see that, wow, this guy can trade! And he never askes me for money. He answers all my questions and I'm learning a lot...for free! What a refreshing approach. Instead, you had an instant intense hatred for me from the very second you saw that I was a trading instructor and mentor...yet you knew nothing about me. Rational people just don't think that way. The fact that you learned to trade on your own but hate those who help others that are not capable to do what you say you did makes absolutely no sense at all. I learned to play golf on my own...the hard way. That's why I despise all golf instructors. Geez, somebody find me a shrink. Please list these so-called questions that I did not answer and I will address every one of them completely and honestly. Right now, I don't have a clue what you are talking about. However, if your "questions" are anything like, "How many shills do you have working for you?" then save your ink.

No offense, but do you hide behind a psudo-name of a Japanese car so other members won't know who it is that can't accept the responsibility for their failure as a trader? I've worked with nearly 5,000 traders over the last 15 years and I've see this so many times I can read you like a 3rd grade comic book. Here's "mitsubishi" in a nutshell: Somewhere in the past few years, you bought into someone's trading course (maybe more than one). For whatever reason, it didn't work out as promised or planned. Here's where two complete opposite personalities emerge... One type of person does an extensive amount of soul searching and asks some very important questions. Why did I fail? Was the course too complicated? Did I give it the necessary effort? Did I allow my emotions to sabotage my success? Did the course study just not fit the type of trader that I am? Did I lack the passion to do the work necessary? Did I expect the system to simply make the money while I sat back and collected an endless paycheck? Did my expectations exceed the amount of effort I was willing to give? Did I do all of the necessary due diligence or was I so greedy/gullible that I allowed my self to get duped by slick con artists? The other personality type is totally unwilling to accept any responsibility whatsoever for their failure. Something in their psychological makeup brought on by past events has made them incapable of objective self analysis. Sure, they may have been completely snookered by unscrupulous vultures. It happens. But most people of some level of maturity, sophistication and experience can spot them pretty easily, once bitten. Scammers always hide what they do in secrecy, usually quite arrogant, talk in mumbo jumbo, block room attendees from seeing the chat of others, and have loads of unhappy former clients all to happy to warn others thru the miracle of the Internet. Records usually show they've been sued, often several times and it's not surprising to find they have been fined by the governing agencies such as the CFTC for violations or ethics. They will never allow you to observe them trading in the live market because they either don't trade or don't trade the system they sell. Buyer beware if you ignore the big red flags. But there are bad teachers and bad courses in all fields of endeavour. We've all been scammed at least once in our lives and there's no shame in that if we grow and move on. But when we lose all objectivity and steadfastly assume that all teachers must be crooks, that what didn't work for me can't possibly work for anybody else, then we end up looking like bitter fools. I always feel sadness when I come across an individual in pain and torment who has to lash out at others they don't even know, like a bully, to somehow feel better about themselves. I've seen that so much...but never in individuals who have the ability to accept blame when it's deserved. I'll let you and the others be the judge as to which type of individual you are. But I know... because I've seen it so many times before. I honestly hope that you to take another look...an objective look at how you came to be this bitter that you lost your ability to be civil to others whom you know nothing about. Trust me, you'll find immense peace if you will simply put the true blame wherever it really belongs and then move on and focus on being the best trader you can be.

Interesting philosophy. Perhaps one of these days someone will explain why, of all the learned skills one can choose as a career, trading is the only one that can't be taught. And, while they're at it, explain why it's ok for instructors in every other field from welding to engineers to pilots and doctors can charge a fee, but trading educators who can and do produce successful students should be vilified if they charge anything for their talent and teaching skill. Sorry, but your argument makes no sense. Good traders sharing ideas, the "seeds" you speak of, generally serve only to confuse those who are struggling to find the best path to follow. They get the "seeds" but no soil or water (instruction). They are hit with Fibonacci one day and Elliot Wave the next. Then it's Murrey Math and Market Profile. Of course we cannot complete our "self-taught education" without an in-depth study of Gann and Astrology Trading and a thousand other worthless loads of crap and nonsense. How many of these well-meaning "good traders" playing Johnny Appleseed will spend hours with these struggling traders practically every night and give up most of their weekends to make these "seeds" take root into something that will work for them? The answer is "NONE". No wonder traders come to me with their accounts in shambles and their confidence in shreds. Any teacher worth their mouse pointer won't try to peddle one single cookie cutter way to trade. Every trader is different. A trend trader isn't going to do very well with scalping tactics and vice versa. There are 200 ways to win and 20,000 ways to lose in this game and what works for one trader will nearly always require tweaking to work for another. Where do you start? What do you tweak and why? That's the job of a mentor. To open paths that won't dead end and help traders sort out their bad habits and toss the useless junk they are trying to use just because they paid for it. A mentor's job is to help trader's get where they want to go in the shortest period of time and suffer the least amount of losses in the process. To say that trading cannot be taught is absurd. It most definitely can. But not one single method and not one single way. And certainly not every trader is qualified to handle the job. Any teacher/mentor that can't save a trader at least 10 times what they would lose in the market doing what they've been doing should get out of the business.

This is a really good post. You understand trading for what it is and I have no doubt that you will do well if you keep at it and find a good dedicated mentor to help you along the way. It's unfortunate that you did not ask me to spend some time with you to understand how I trade and teach. Believe me, if I ever took trades or did anything for that matter that was not completely in line with what I teach, my students would have screamed at me. Instructors can't teach one thing and then do another or they won't be teaching very long.

Thanks mbhsi. Although I don't recognize who you are, I appreciate any honest feedback ,positive or negative, from traders who know at least a little about me before passing judgment. The trading room is open to anyone who cares to visit. If you wish to understand the trade signals I have created, just PM me and we can get together and go over the charts. It's not complicated and you'll learn a lot. I must caution you that many here are very closed-minded so be prepared to be called a shill (they like to use that word a lot). But your honest sentiments are appreciated.

It seems no matter how many times I try to correct the record, people still choose to believe what they want to believe and let the facts be damned. Practically everything you have stated is factually incorrect except the last paragraph. I was contracted to work for Traders International from it's inception for a period of 5 years. I was never an employee at any time. I built their method according to what they wanted and all of their training materials. They only wanted divergence, thus it was a counter-trend system only. When the contract expired, I left TI when they were well respected and enjoyed an impeccable reputation. What's wrong with that? After I left, they changed everything and not necessarily for the best, in my opinion. All of the problems and complaints that happened at TI happened after I left many years ago. Why am I responsible for any decisions they made after I was no longer associated with them? I started my own company because I wanted to teach a robust system that worked in any market condition and was coded into a software program that identified the exact trades that I would choose if I were standing there calling them out. I only taught that which I discovered or was already public domain. Nothing was done that wasn't agreed to from the very beginning. So, from this, you people decide that I'm selling snake oil when none of you have the slightest idea of what I do? So you simply make stuff up. Making a sheetload of money, am I? Well not from teaching, I can assure you. Our student base is very limited by design and pays the salaries of my programmer, Trading Psychologist (Trader Coach) and my co-moderator. That's it. Nothing left. In return I sacrifice most of my evenings and many of my weekends helping other traders. Easy, huh? You wouldn't do it unless you loved helping others more than just about anything. Can't trade, huh? How the heck do you think I pay the bills? I know none of this is anyone's business but mine. I also know it will not change anybody's mind about me. It appears doubtful that I'll ever meet a friendly soul in this cesspool of jealousy and resentment. You will continue to take out your frustrations on me and people like me. So, why do I take the time to set the record straight? I wish the hell I knew.

Getting back to the thread topic here.... I think the reasons why most Forex traders lose money are the reasons they would lose money in any other market type. To consistently stay ahead of the game, traders must address the "5 M's". They are Method, Mechanics, Mindset, Management and the Market itself. If your Methodology is flawed, then you can't win until you get it fixed. Sometimes a simple tweak is needed and sometimes you need to ditch the whole enchalada. You might have a great Method, but your execution Mechanics suck. Mechanical errors in execution and Management can be devastating. Practice the mechanical side of trading until everything is so automatic you hardly think about it. I can spot a losing trader in a heartbeat. It shows in their Mindset. A negative defeatest state of mind becomes a vicious cycle of damaged confidence and human emotions thrown into the woodchipper. Trader attitude gets sucked into a vortex...a black hole of despair from which escape becomes nearly impossible without help. Trade Management should need no explanation. Management mastery is more important than the ability to find great entries. Ah, the Market. This is where traders handicap themselves from the get go. They choose to trade stocks short term. Bad idea. They try to learn options. Great idea if you have 10 years or so to spare. Or they try trading the Forex. Here's a better idea...go to Vegas and put your money on the Pass Line. You won't there either but you'll get free drinks. Do yourself a favor and trade markets that give you a level playing field. Choose the ones that offer the highest profit potential with the least amount of risk in the shortest period of time. That will never happen in Equities, Options or the Forex but, trust me, they do exist.

Sorry for not responding but, as I said in that thread, I just had enough and would not return to respond to any additional posts there. Huge waste of time. I do read my PM's, though. Anyone who wishes can freely observe my trade entries and management and hear all of my commentary on a daily basis. If you are speaking of my offer to work intensely with a few traders for one week, I'm actually doing that with 5 traders and very pleased with their progress. Five was more than I had planned but they are quick learners. Their training will end on Friday. It wasn't hard to find a forum where most members were willing to give me a chance. Most were skeptical but there was no animosity or groundless hatred on their part. I trust their feedback on that forum to be fair and totally honest. As you know, traders in that TL thread would never report the truth if it meant saying anything good about me... and that would, of course, defeat the purpose of my offer. It's amazing how some people can have such a strong dislike for someone they don't know, have never seen, ever watched trade, doesn't want payment and just wants to help. I find that sad yet humorous at the same time. Thanks for asking!

Very well said. No trader has any excuse for not knowing that the Forex is more corrupt and manipulated than any other trading vehicle you can think of... so it's hard to feel sorry for ignorance of that magnitude. It will never be regulated until Forex traders start demanding it.

I'm not sure how this thread became a "Let's kick Roger around a while" topic but let me put the cards on the table. I've been a member here long enough to get a pretty good idea of the member mindset and I determined it's just not for me. But, for the record, here's what I'm trying to do: I'm seeking a couple of honest individuals who are struggling to succeed as traders. Assuming they have at least some trading experience, what I wanted to propose was to let me work with them for one week. At the end of that week, I will personally guarantee that they will be able to identify excellent market entries in real time 95% or more of the time they spend in front of their charts. Since I cannot force anyone to actually take any particular trade, I can't guarantee that they will make any money...many traders have serious emotional issues that are beyone my control. But I can guarantee they will see the trades in plenty of time to take them and they will easily be able to recognize their profit potential. They will also know the exact moment to exit each trade. They will also know how to spot the majority of the few trade signals that are likely to fizzle. Pretty bold stuff but I know what I can do and I'm willing to stake my 15 year reputation on it (which is impeccable, by the way. I've never been sued, censored, fined or even investigated by any agency. We enjoy a spotless A rating at the BBB while most other "competitors" wouldn't dare join that group). What are the terms? 1. To keep an open mind and be willing to learn something only a handful of traders know about. 2. To never pay me a dime for anything at any time. 3. To allow me to work with them daily for one week. 4. To go back to their group, forum, etc. and give a full honest report on the experience and how they are doing. What do I get out of this? The best I could hope for is simple professional respect. I know I'll never get that from everyone no matter what I do (especially here) but it would be refreshing to be able to join and log into a trading forum and not be verbally spit upon. Who knows, I might even make some friends along the way. I can make a huge difference in trader performance and consistency if given a fair chance. I also know that the fairness in traders I seek won't be found here. But I know they do exist and I'll find them...and we'll all enjoy the ride. Don't bother to continue to rip me because I won't be back to read it or respond.

The terms are simple. One million for an autotrader system that can just come close to my personal discretionary trading results. No more than 5 losing days per year and those must not lose more than 2% of the trading account balance on any losing day. No periodic tweaking allowed either when market dynamics trash the auto trader system. It must be able to automatically adjust to whatever is going on in the market at any given time. It should be able to trade any market that moves and be profitable in volatile, choppy and trending markets. Takers?....I didn't think so. There is a reason why you and I don't autotrade.

No, that offer just popped into my head while I was a guest speaker at a Money Show in Vegas a little over a dozen years ago. I have no clue who James Randi is. New "gurus" pop up overnight and I can't keep track of them. But I doubt if I'm the only guy in the world that thinks it would be a bargain to find an autotrader system that wins 87% of the time with just 4 losing days this year. It would be a bargain, though, even at 5 million.

For the past 12 years I have had a standing offer to anyone who had an autotraded system or black box that could reasonably compare with my discretionary trading performance over a period of just one year, and I would gladly pay them one million dollars for it. To date, no one has stepped forward. Does that say something?

Sure, many traders jump from one system to another and never realize the root cause of their failures. I'm not trying to teach anyone a "system" and I'm not looking for "fresh meat". Word of mouth referrals is the only way I care to take on a new student and I have plenty of those. But let's do this...you continue to believe whatever you choose about me and I'll choose to believe that TL is a bunch of vile, jaded, ignorant traders who can't take responsibility for their lack of discipline or their gullibility in choosing obvious bogus systems. That way, we can both go on living in blissful mistaken ignorance because we are all too lazy to get to know what each other are about before passing judgment. Isn't that pretty much how it goes?

No, actually it's not. As I've said a thousand times, no trading system is any better than the trader behind it pushing the buttons. There is a huge difference between a trading software assisting with all the measuring, calculating, anticipating, back testing, forward testing, data crunching and other timeframe activity and a software doing all the decision making for the trader. If the latter is what you seek, you will never be successful and that comes with a guarantee. I could easily pre-judge you guys to be a bunch of jaded, angry, frustrated losers who can't take personal responsibility for your own lack of discipline and resulting failure. But that would be neither fair nor is it the kind of person I am to form baseless opinions when I have never met any of you. Would it not make at least a little sense if just one of you guys would extend the same courtesy? Look, I'm not interested in "fresh meat" but I appreciate your thoughtfulness. If I needed to expand my student base, I would advertise. I never have and never will. My students come almost 100% from word-of-mouth and I prefer it that way. I have found that, in almost every forum, there are traders who are trying really hard, have lost money, have been scammed & lied to, feel frustrated and would appreciate it greatly if someone with the actual ability to help, actually would...and not ask for a credit card. I just poked my nose in the wrong forum and I apologize if anyone took offense. No harm intended. I can and will help any trader who asks for it and all I ask in return is for their honest feedback. If I don't help, if my offer to help is actually a ploy to get them to buy anything, if I lie to them in any way, then I pray that they would slam me unmercifully in every trading room they can find. I'd certainly deserve it. But slamming without giving me a chance does nobody any good. I had no idea that an unseffish offer of kindness and generosity would generate this kind of response. I made a mistake so please forgive my ignorance. Take care...

Probably just a difference in terminology. To me, a trading method is a totally mechanical means of trading void of any computerization whatsoever. Like the trader who watches two crossover MA's and some pivot points, Or one who trades by watching price alone. The trader gets no assistance from program code in any way. In my circles, a trading system is not necessarily a trading robot. Total automation is not necessary to be a trading system. Some level of computer code is necessary to crunch massive amounts of data and deliver pertinent information to the trader. This can be in the form of entries, entry filters, market condition on several other timeframes, what's the best chart type and timeframe to use, backtest and forward testing data, trade management assistance, strong and weak signal form, audible and visual alerts, factors posing potential problems, trader performance evaluation capability, etc. The possibilities are endless but, ideally, it should automatically be adaptable to what's happening currently in the market....not what happened an hour ago...or 6 months ago for that matter. This does not mean that the system must also auto-trade. Personally, I'm not a fan of these auto trade systems that make big bucks while the trader clips their toenails. None work well for very long and all have brutal drawdown periods. If this were not the case, you couldn't buy such a system for a million dollars. Really good robust ones don't exist so I do not include them in my definition of trading system.

The "charitable" work I do is never advertised anywhere...not in magazines, webinars or the website. But what good is willingness to help if nobody would ever know about it? I don't personally consider a genuine offer to do something I'm very good at to be beating my chest or tooting my horn about how great I am. What matters is how great you are...and how great can you be. It's really getting clear that this isn't my kind of forum so I'll bid you guys the best and simply move on. Thanks.

Well, this doesn't seem to be the fair and open minded type group I was hoping for. Somewhere a forum exists consisting of traders who will judge me by how much I help them in sharing free indicators and free mentorship time. A forum of traders who are willing to just give me a chance to help them and promise to slam me unmercifully if I don't. That forum is out there somewhere ...but I'm just not seeing it here. See ya....

Anyone who has ever met me knows that no one is ever asked or encouraged to buy anything from me...EVER. I joined TL to learn and help. You are correct, I was recently banned from another forum but not for breaking any rules. Over the past year, I was directly responsible for over 400 of that "other" forums new paid members...and never even got a thank you for my efforts. His hatred of me for no reason other than my profession was clear from day one. It's the same dislike vibes I'm picking up from you. Déjà vu...I got them constantly from that forum's administrator (who is also an education vendor who charges a fee!) As for the reason I was banned, I had a private email conversation with a private individual where I expressed my personal lack of faith in the administrators trading skills. Simple as that. It was pertinent to a question posed to me by the individual. Had the admin not been trying to pass himself off as a trading "expert", the subject would never have come up in that email conversation. I simply expressed a personal opinion based on several facts. I had not realized that I was a member of a forum where I could not express my opinion in a private email exchange OUTSIDE OF THE FORUM and be banned for doing so! If it hadn't happened to me I would not have thought it possible for a successful forum to be run that way. Again, it was a private conversation and not a forum post. You will never see me here or on any other forum trying to sell anything to anyone at any time. I do encourage all traders, if they have a good mechanical system, to code it because it reduces mistakes and makes the job of trading so much easier and enjoyable. It's also a good indicator of the level of subjectivity involved in the system itself. I disclosed my full actual name here. I'm not hiding anything and was unaware that there is a "vendor" option to register. I'll check and correct it the option does exist. If allowed, I may consider offering any member of Traders Laboratory complete and unlimited access to my daily trading room with the understanding that no one will ever approach them at any time to try to sell them anything. I prefer it to be an exclusive offer to the members of whatever forum I can find that appreciates the tremendous promotional effort I put into it and the many hopurs of time I devote to helping those members free of charge. That generous offer was greatly appreciated by the members of the "other" forum and many will be greatly disappointed when I have to discontinue it. The depth of appreciation for my assistance to that group is evidenced by the many positive posts that appear there every day concerning me. I'll miss those guys. Even though you don't know me, never met me and have no knowledge of what I do, your dislike for me is obvious simply because I'm a vendor. I hope that's not representative of the typical TL member. I have a tremendous amount of good, solid FREE assistance that I eargerly give to any trader willing to learn...been doing that for the past 15years. Nobody has to get out their wallet to get my help. I tend to find most traders to be skeptical of anything that's not free...and I have no problem with that. Fortunately, I don't find too many like yourself that form a strong instant dislike of me based solely on my profession. That's something I'll probably never understand.

I'm not removing any words...you missed the sarcasm. I was expressing the ignorance of believing that choosing to not hear certain words would magically make them unimportant. However, I do agree that many "gurus" seem to latch on to certain popular buzz words and use them until traders are sick of hearing them. My philosophy is that trading educators like myself should impress traders with their trading performance, not their buzz word parroting BS.

I'm not quite sure the problem with "Setup" is. A trader either has a system/method or they don't. If they don't, they won't be a trader very long. If they do, they they have "Setups"...unless they just sit on their hands and never enter the market. It's important to note that markets are NOT living breathing entities. They are merely the product of a vast number of trader's pushing and pulling price up and down helter skelter in a nearly random fashion..."nearly" being the operative word. Humans build bridges and skyscrapers but the products of their labor are NOT living things. Traders are alive, Markets are not. Once the trader realizes this fact, they quit seeing the market as the enemy. As a trader, your only enemy is yourself. Whether you call them a Setup, Entry Point, Trigger Pull or Pull My Finger, what difference does it make? It's where a position is taken and whether it wins or loses is irrelevant. Any trader who takes "Setups" just because they are there will never make it. A lot of factors are in play at any given moment and a great Setup that worked an hour ago may have little chance now. Every market entry must be highly filtered based on all of the pertinant factors happening NOW. This is where excellent coding skills can be extremely effective. Only the best programmers who are also good traders will get it right. Computers can filter and test 10,000 things and spit out the answer in the blink of an eye. The key is in the coding...but that's a topic for another time in another thread.

Lets' also add Profit, Trade Management and maybe Risk Control. Do ya think removing certain words from trading jargon also removes their importance?