For some people staring @ charts and trading itself is great fun, I know at least one person who is approaching 70 and trades for decades (profitably), he could retire long time ago, but keeps day trading, saying it's such a great game! Definition of "fun" as well as "boring" is very subjective. Also you do learn a lot of useful stuff looking at charts, if you see not just the charts, but the people commiting their decisions behind them... Charts (markets in the broader sense of analysis) reflect world's economics and mass psychology in such a great way I doubt there are many other ways to observe the real rithm of the world's breathing which can compete. It can be very, very interesting and exciting. So "staring at charts" is more than just the money. P. S. Speaking of Gann etc... Have no idea, prefer to trust only what my own experienced eyes tell me works, not what someone else wrote about...
Yep. Patterns after all are patterns of human psychology, not some magical "working" curves. And human psychology barely changed (if at all) during at least a few thousands of years so far (not sure what was before that due to absense of documented historical evidence, but guess it was still the same ).
I think it depends if you can get your system automated or not. I am in contact with a programmer who I may pay $ 50/hr to code one of my setups. Also, remember, you don't need to stare at a screen all day. You can spend say 1 hour waiting for your setup, once you go short or long, you can set a target and stop and not have to watch the chart anymore.
He publishes his daily patterns (1-8) a week or two in advance. You can trade his daily patterns but recommends following the triple patterns (long term) which could be bullish (red) or bearish (green) depending on the pattern. Here is an example of his bearish pattern 2 (green-green-red) that appeared three days in a row signaling a triple pattern (2-2-2) on June 10, 2011. It marked the 2011 summer crash. Legend: C-Fund = SPY; S-Fund = VXF; I-Fund = EFA; F = AGG bonds; G = gov. bonds The chart below shows the timeline of the triple patterns and how it fared. I copied and pasted these charts from the ebbchart primer site.
Only subscribe can seeing these data. If he is really that good, why need to create a website to ask people to subscribe and even have google adsense ad on it?
Demark is an extremely smart person after reading some of his books. No doubt the most successful financial people / company ask him to advise/teach.
I just try to discuss with people who feel this topic is interesting, I haven' asked for any help in this post.