Answer my question please. You are avoiding it intentionally. It's not JUST that you don't think Hershey's stuff works, there is definitely something else here.
I am the BEST trader and trading in all facets and forms matters to me. It matters all the more when someone makes obscene claims off a substandard system/way of looking at the markets.
Relax! Life is good! I've been there done that with ALL of the above. IPOs (going on #2 now), backtesting, hedge funds... The hedge fund didn't make sense because you get a fee and have to answer to somebody. As for testing, you probably missed my buried FORWARD TEST that's posted somewhere. Some have seeen it recently and it is nothing short of an eye opener. It is computability at it's finest. My unposted backtests and forward tests have been repeatedly verified as "unbelievable". It definitely raises more than a few eyebrows outside my office door and on the cube farm. No doubt, not having is alot more frustrating than having. What is rarely clear is that hiking to the summit is exciting. Shortly after reaching the summit, it becomes anticlimatic. There is a very very strong reason why people make an effort to stay under the radar. Presumably, were you me, you would want to too.
Thanks for collecting your thoughts and identifying your roles. Protecting newbies is a good idea for you to do. WOM is what I prefer as a matter of fact. I prefer WOM because people who spread the paradigm are practitioners whose experience involved sucessfully mastering the transference and it puts them in a very good place to help others. By excluding yourself from the consideration of the pool extraction paradigm or template, you can spend your time focusing on improving your personal performance in what you do which is part of the conventional orthodoxy. And you can punch up a protective statement in short order by cutting and pasting the post I am responding to. The daily range is there and zig zags do occur in it. That is what I compare effectiveness , efficiency and optimizing opportunities to. You do not and you make money how you do and it has no relation to the range for you. Leading indicators do not exist for you. That is a truism for a lot of people. My practice is different from yours; it includes leading indicators and signals. It is perfectly alright for another to not believe in or use leading indicators of what they trade. All edges are leading indicators of hold periods for making money for most people. If they see a set up and bet on it, they are simply practicing the use of an "edge" which leads making money. You do not believe in a context like this for trading. I am not asking anyone to do anything they do not want to do. You wish to protect newbies from my approach. That is a good idea and it will help people who are like you. I have a track record; anyone can do the search to see it. Other people who are successful in using the template of pool extraction have track records too and they also are passing forward what they do and know. What I do on ET is answer questions in threads that arise. My style of writing is not acceptable to most people. They do not read it as a consequence. Nor do they comment on what they do not do or do not like since they do not have the obligations that you do. You take your jobs in ET seriously and are the most frequent poster in this thread and now you have consolidated your roles and viewpoints. This is a good thing for all of us to see in motion as you go along. What I post is not your cup of tea and it is what is there in my world as it is now called. Recently, someone gave me a backtest report out schema. So I did that on three levels for SCT using the year 2006.. He did not respond. That can happen in ET. Several people are going to be making their trading records part of the forthcoming reference books I am completing. I also have attended about 50 presentations of assorted people who are currently marketing their wares. I am collecting quotables from them for use to use as a stepping off place for anyone who is practicing their methods. Since I am old and have been a practitioner for a long time, I will be including historical stuff on how trading worked over the years. I do not believe any of this will do anything more than provide a context for the very foreign approach that I use. I can't imagine anyone wanting to buy any books I author in this field. It is not possible for a person to change a personal belief system once it is entrenched. It is a foundation that they have and it causes them not only to believe the way they do but to behave according to their beliefs. You know you must protect newbies. You know that leading indicators are imposible and you know that only so much money (as yet unannouced to us) can be made from the markets. I have worked in a different way than you believe and act upon. So it happens and it is not possible from your point of view. This is common and goes on all of the time in a lot of places. Strangely my stuff predated any one referenced so far in this thread. And my stuff is comapred to theirs as something that is in a peculiar relationship to theirs. While I am only an amateur and will remain so, it is possible that a lot of things are happening independently and that is a common thing also.
I am trading profitable but a trader is always looking to improve their edge,meaning I am always open to new approaches(big part of my present trading involves conventional channel trading) Please, post a link to your track record How much days of all your trading days were you able to catch 3 times the daily range in a live account ?
fwiw, i bought 25 cars at 1394.00 (based on my channels and my understanding of PV), reversed my position at 1411.50 based on an FTT on both the YM and ES (exited that at 4pm). This is ALL thanks to my efforts and work with jacks method. I'm tempted to post my blotter from today but, to be honest, I am not as generous as him and dont want all you monkeys flocking over to learn it. Stick with what you are doing, nothing going on with channels and the like.
Here is a list of heavy hitters for you in your paradigm and method. Go to Michael Kahn in Barron's On line to learn how to measure what is coming up. Having that you can see the range mulitples. Go to John Letto wh does trends (channels in metals like no one else. go for the leaveraging as well to stay over 3 times range in metals. Check out his vegas buddy Jon Anderson as well. John will scare you a little because he trades inside as well and on the channel edges. He is a ST contrarian and goes with the LT channel wise both multiples of the associated fractal. Go to Senters for pulling down multiples on big 4 of emini's here you can use series signals on internals and roll along with second hooks on $TICKS. See his partner John Carte deal with oarse and fine grains and their "sequential plays after you catch on the the sequential nature of Sentrs plays. both run over 3 time range on an assortment of fractals. For energy rips pick up on the Goldman S. radical Jeff (now retired) He is a closet trader kind of guy since he is so vaccinated by the Goldman quants.... One fundamentalist that rips the range is out of NYC and the 911 tradegy but he is trading again. Go to Peter Farmer. He front runs on reading (the words on pages and stuff) There are some guys who rip in options as well. DIV is the game there and it is not familiar to you at all. go to Glenn Thompson. For parabolic stuff that is ripping, you will have to leave a lot of beliefs behind since this stuff uses regression to the mean and high beta thinking. Go to parabolic and I will take you further once you ID a few names who are heavy hitters. None of this stuff is the run of the mill thinking. By giving you a bundle of people in all sorts of markets, maybe you will get a wake up call. You will also want to protect all the newbies from each of these references.
No offense, but who cares about your questions getting answered. If you are interested in learning, go do all the necessary reading and learning on your own. Its all there. If you can see the potential, spend a few months getting adept at all the drills and things that are necessary. Do you think I, or anyone else, would blindly follow someones word that something works? No way, I spent 1 entire week just reading everything I could get my hands on involving SCT. I spent probably 6+ hrs everyday just reading and learning. No one says it will happen overnight or that its easy but you cannot be lazy. But I can assure you that the info is priceless.