Have you been to his trading room? It is not just a hindside analysis. He tells you pretty much how he sees the market unfolding short term. He predicted a 10-percent drop in September., He predicted the end-of-day sell-off today. He says tomorrow we will try to rally but ultimately we shall test the 3200 lows after some sideways action.
Fib is real but not as a tool for predicting price movements. Fib traders are a joke and next you'd be telling me Astro trading is real because Astronomy is a science.
no i have never been in his room but i respect this guy because of the level of detail he uses in his literature. what he called today wasnt that difficult. making calls is not actually trading. thats why companies have analysts and traders. basically the analysts say the mkt will sell off this afternoon and the traders typically use this outside bias to size up or look for clues as to why this will happen and jump on it. trading is so much easier when its a where we go one we go all so even if just a clear minded shot caller could have merit. ill jump in 1 day maybe if its free. id like to thank him for his work and maybe call something against himm hahhaa
moon cycles sure and sunflares and the amoint of humidity between microwave towers that changes electronic jitter and wreaks havoc on hft..um yeah i would say its on there and fibs are real no one who trades successfully would ever say no oh no fibs are bullshit. thats like saying doing a split at certain times in black jack is not real. fibs are good even if a self fulfilling prophesy but whats wrong with buying a dip at 50 or 60% or selling after what 130%. they work somerimes and they dont but more often than not i have seen them work and its more of a range not an exact to the tick price.
Why is it ludicrous? Showing P&L is the simplest thing to do and takes no time at all. It seems to me that without it you are paying for live talking, not live trading. In other words, just a bullshit session. People are so gullible.
Imagine you are at Cornell and taking a finance/investment class, would you ask your professor how much he made in the markets? I know it is not the same thing, but either you believe the concept being taught or not. How much he makes, who gives fuck? I believe the concept of price action trading, I,e, identifying the chart patterns better. I get it you do not like AL or do not believe the concept. You are not going to change my mind and I sure as hell do not want to change yours. Let agree to disagree.
i have a question? can i base my sunscription fees on my p and L? so lets say i make 500k a year trading. should i then charge the same amount i mean thats what i am worth right. so i show you how to do that and i could very easily but you can go and do it for what 5 years 10 years who knows? i dont think teachers of law need to show the cases they won do they or lost? maybe they didnt pass the bar who knows does that mean they cant teach law? how many guys worked at hedge funds or prop shops and are now belly up? lots or dont trade anymore.. lots.