I think you've hit the nail on the head. It's NOT Jacks methods that you guys have a problem with , it's his motives. You all need to ask yourself WHY do you FEAR kindness so much.?
Right, Because Jack is running for Mayor of Traderville Sheesh, Look if you just don't get it you just don't get it. You guys talk like there's some big banquet hall somewhere and all of the jackalopes go there nightly to praise and worship. He's offering a different view on how he uses volume and price patterns ... that's it that's all. I don't get the big fricken deal... like it , love it or leave it.
3X the daily range is what you can expect to max out as an expert trader of this method. I am NOT an expert but I do very well nonetheless.
What do you guys want? You ask for "proof". An advanced trader using this method gives you some numbers. Numbers that it any rational context would be considered pretty damned good. He is trading meaningful size as an individual with confidence. Yet you still are stuck: stuck on 3x HL, always in, no losing trades. You wouldn't put a learner skier on the Cosmiques couloir in Chamonix in his first few months. If you showed him the entry he would freak and say it is impossible. (Meanwhile Stefan and Toni are making their way nonchalantly past, round the cornice, same as yesterday.) The beginners heart rate is at 165 and his mouth is dry as he contemplates the steepness and exposure. Toni's heart rate is at 115 (he's just had an espresso and he is at 10,000ft after all). The beginner doesn't trust his edges will hold. Toni and Stefan look for the snow they know will hold, their skis are of no concern at all. Do you think the beginner now realizes that some people do ski this stuff every day? I could go on, but frankly it will be lost on you.
PointOne, a noble effort but it doesnt matter. Guarenteed I show my blotter and P&L each day for the year and all I'd hear is how I "faked" it. The bottom line is there is no pleasing these animals, I think they actually enjoy the idea that we are FOS. I think if they actually knew otherwise, their world would no longer make sense and, besides, its no skin off my back. No matter what is said in here wont have a single effect on me come tomorrow 9:30 am. if it did, i'd stop posting.
Guys don't sweat it they only bring MORE attention to the Journal threads and that means that the method gets more publicity and just ask Madonna how that's worked for her.
From a simple newbe question on 2/16 to trading 20 contracts just a few weeks later. But an advanced trader nevertheless!
Yes. That is where the anger comes from. And I really don't mind writing about skiing while I am "stuck" in Singapore! Nikkei's moving, gotta go.
I never said I was an "expert". Actually, I've said otherwise. I WISH I understood everything, even I have questions that I would like answered but when I do understand whats going on (which is most of the time), I dont let the opportunity slip by.