Talent hits a target no one else can hit; genius hits a target no one else can see.
—Arthur Schopenhauer, nineteenth-century philosopher
As the days pass, everything changes, and trading systems are no different. A system is not like a bottle of fine wine; it does not improve with age, and you have to adapt it to your trading environment.
Now that we are past the fundamentals, we can begin applying my methods. In this chapter, the emphasis is on monitoring the performance of a trading system; consequently, it begins with splitting the two primary trading sessions.
Much of your effectiveness at forecasting develops from uncovering emerging price patterns; however, their duration is often fleeting. ...