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Old Feb 5th, 2011, 07:10 PM   #37
Wayne Gibbous
 
 
Join Date: Jul 2006
Posts: 2,740
Quote:
Quote from SunTrader:

I agree he should have known better to be so specific such is the confidence he has in his market studies.

But I do think he will be proven right shortly*.


* anywhere from now till end April (scene of a selloff/correction last year).

How is that for an wide open prediction.
I do hope we get some market droppage soon. Some volatility to trade would be nice...
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Old Oct 15th, 2012, 03:04 AM   #38
j2ee
 
 
Join Date: Aug 2012
Posts: 412
Anyone does any serious backtest?
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Old Oct 15th, 2012, 09:45 AM   #39
SunTrader
 
 
Join Date: May 2008
Posts: 157
Not me. Just more than 10 years worth of trading it satisfactory though.
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Old Oct 15th, 2012, 04:00 PM   #40
zgtrader
 
 
Join Date: Nov 2006
Posts: 304
Quote:
Quote from j2ee:

Anyone does any serious backtest?
I am not sure if it can be fully tested. It is more of a method than a system.

I coded the TD method a few years back but just as a confirmation signal. I based my rules on the book by Jason Perl: DeMark Indicators (Bloomberg Market Essentials: Technical Analysis).
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Old Oct 15th, 2012, 04:13 PM   #41
jsp326
 
 
Join Date: Oct 2004
Posts: 341
Same ol' same ol'.

A thread about an indicator, price pattern, model, etc. It should've ended when several people said they backtested it and it wasn't profitable.

But no...the white knight comes in. "It works if you look at it in 5 different time frames over 13 different markets. And when my 8 other indicators line up. (See the Fibonacci connection as well?) Yes sir. I've done very well with it. Just don't ask me for an account statement or to make real-time calls. Trust me...I'm typing this from a mobile device from my cubicl...er, I mean, yacht!"

No one can backtest it because it's all so complex and subjective.

Suddenly, the indicator experiences a revival. Its creator is happy (whether it's a vendor guru or a nobody on a trading forum). And the myth lives on. Seeing how long Gann and Elliot have been running, there's no telling how long TD will make a mark (no pun intended).
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Old Oct 27th, 2012, 07:13 AM   #42
kut2k2
 
 
Join Date: May 2005
Posts: 4,024
Quote:
Quote from jsp326:

Same ol' same ol'.

A thread about an indicator, price pattern, model, etc. It should've ended when several people said they backtested it and it wasn't profitable.

But no...the white knight comes in. "It works if you look at it in 5 different time frames over 13 different markets. And when my 8 other indicators line up. (See the Fibonacci connection as well?) Yes sir. I've done very well with it. Just don't ask me for an account statement or to make real-time calls. Trust me...I'm typing this from a mobile device from my cubicl...er, I mean, yacht!"

No one can backtest it because it's all so complex and subjective.

Suddenly, the indicator experiences a revival. Its creator is happy (whether it's a vendor guru or a nobody on a trading forum). And the myth lives on. Seeing how long Gann and Elliot have been running, there's no telling how long TD will make a mark (no pun intended).
+1
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