Charts are where it's at. Problem is, people don't know how to conduct TA effectively. I remember some time ago I posted some numbers and criteria to trade them intraday for a week in advance when I first discovered a truly amazing technique (on a different forum) and said it would generate no losses. I was being extremely arrogant and off putting in my manner like a child, and so people went at me of course, saying it wasn't possible. But, it worked and people were amazed and salty. I deleted it all and disappeared, but it would have been impossible to replicate in any case, as I had not revealed the important parts of the system, and never have. Secret techniques, magic numbers, and so on are things I would have written off as nonsense. I independently came to the conclusion that it is real, and reverse engineered it. It does lose, but very rarely, with wins and breakevens at 9X%. However, without an objective system, it is just a coin flip. And that's Armstrong's problem. He keeps changing things around and he ignores the losses.
I missed buying the spike down the the LoD today. My system caught it, off 1 point, but I was eating. Rushed to the laptop when I saw it on my phone but the move already happened :/
I did something similar, reverse engineered it and guess what, scary how well it works. Not surprisingly I too had to learn to always check my ego at the door when I test things, now I just let the facts speak for themselves. I love hearing how others are killing it in the markets. Trouble I have right now is getting my system to do the searching for me to find the best setups. I started writing code to do it but I just have too many projects on the go to pull it all off at the moment. I can trade almost anything effectively now but what I want to develop is a way to quickly locate ones that are way offside and have the most potential to move. MA appears to have a pretty back track record on calling major tops/bottoms that aren't done in hindsight but I suppose that would make sense if you wanted to be vague enough to always claim you were correct on every situation.