The issue is, nodoji, to be blunt, when these "concepts" are tested with proper statistical methods the results are abysmal. But, hey, if you are making money-- who am i to say?? best, surf PS-- weren't you banned for promoting bigmike and the lavatory? surf
No that was DB who was always linking to other forums and pulling people into private chatrooms. He didn't last long at BigMike's.... he got banned from there a couple of weeks ago complete with a public shaming from BM himself! LOL!!! Who knows where he's taken his troll-show now....
Sure, an example of price behavior that isn't based on a repeatable chart pattern would be the tendency of price to be defended at the first visit to a certain price, such as a previous day's close, high, or low. The chart pattern leading to that level could be all sorts of visual patterns, but it's the price level itself that I might be trading off of regardless of the chart pattern involved in price getting there.
I don't know anything about "the lavatory" (???) and I don't recall ever promoting Big Mike (I only posted there briefly quite some time ago), though I did offer some feedback a long while ago about the BMT web site. I've never been banned. Have you? I'd love to see some abysmal statistical analyses based on price action concepts presented in Brooks' and/or Volman's books.
Yeah, I was thinking of DB--- sorry about the mistake, thanks pigsky for the clarification. Yes, I have been banned for promoting my site without paying Baron sponsor fees--- but I did the time and learned my lesson! surf
You were also banned for disrupting other threads with your constant whining about other methods not working. I guess you were banned more than once.
Unfotunately most of the people out there who are willing to "mentor you" are the crooks you speak of who want up front money to teach you their "methods". Those types are not good traders and have methods with serious flaws. I have never heard of a good mentor who would go to work for free and only profit if you profit. It's a noble thought...but doubt you will find that. But...what you could find is a successful trader out there at a fund or trading firm that would hire you as an assistant. Work a few years under them, get paid to help them out with Assistant duties and at the same time learn. Then usually get your own book to trade at that firm. I know plenty of younger guys who have gone that route the last few years. Those jobs are still out there, you just have to go out there and work hard looking for them.