If HISTORY is the only guide we use,
Then we will forever be on the loosing side I feel.

You can forget all about Pareto!

More like 99/1 rule being,
99% of us loose in the long run because the clever 1% leverage off
a. readily available historical information better
b. additional info(=edge) unavailable to the 99%

The only path I see for us to move from 99 - 1% is in the MARKET = price movements which reflect what we know about past events, and what we don't.

Surely it is the BEST guide we have?

LG

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The trick isn't finding profitable angles, it's finding ones you will bet through the ups and downs - UB