The central motivation behind the scientific realism debate is explaining the impressive success of scientific theories. The debate has been dominated by two rival types of explanations: the first relies on some sort of static, referentially transparent relationship between the theory and the unobservable world, such as truthlikeness, representation, or structural similarity; the second relies on no robust relationship between the theory and unobservable reality at all, and instead draws on predictive similarity and the stringent methodology of science to explain (...) success. I argue that this is a false dichotomy, at least insofar as dynamical theories are concerned. The best explanation of the success of dynamical theories, I argue, must appeal to a robust but referentially opaque theory–world relation. The dynamical notion of ‘tracking’ fulfills this promise. I formulate a modified no miracles argument that is liberated from the false dichotomy and show how tracking responds to the modified argument. (shrink)