I am opening this thread to discuss the degree of difficulty in developing or locating a method having an edge.
After years of work from the game, I am certain that there are installments giving advantages to traders to win.
In daytrading, the game is tougher that trading at greater timeframes. In daytrading, the trader must keep watching the display many hours. The spread price is a lot higher in comparison real time response and execution issues.
My ideal daytrading procedure is one which can provide a few setups on average within a 9-hours session if investing in a few pairs, with positive expectency a few times greater than the spread/commission price.
My experience is that after having a while to come up with or adapting a procedure, it seems the market behavior change somewhat and the approach is no longer so successful after a time. The frequency of occurance of this setup is getting fewer.
I am interested in hearing from someone who've already been effective in using a daytrading procedure. I want to understand how hard can it be within their view. On one extreme, someone believe that they can find one on a forum, and as far as they instruct their subject hard enough they could win with this. While on the other extreme, someone don't believe there exist a daytrading method can win in the long run.
I understand that plogy has an important role in trading, but I am not speaking about how to control emotion in order to fully utilize a trading procedure. HereI would love to talk if one had fully got rid of emotion.
Please don't induce this discussion to my trading skill or my personal life. This is a objective and impersonal discussion. If you believe this type of discussion are meaningless or even a waste of time, that's okay, and you don't need to participate here.