I doubt the posts are meant to motivate anyone. My personal viewpoint is that either you have it already in you to really want to learn what he is offering or you don't. Grob repeats his 4 out 5 comment from time to time; after observing ET a few years I see his point. Having binders of stuff categorized and going back 5 years does have its advantages. For one thing, I can put Grob's last post in a context that tells me it contains the sequencing of a trend beyond what has been usually discussed in the past. It is definitely worth flagging. For another thing, gradually the words used to express thoughts about trading become quite familiar. It's doubful there's anyone who has read Grob from a couple of years back who doesn't know the group of thoughts surrounding the word "rocket" or "iceberg" or "flaw" or "failure to traverse". These aren't just words meant to confuse. They communicate to the mind actual market phenomena that are observable, that can be anticipated, that allow a person to take action and make $$$. It really all comes down to what a person wants. There are people who read Grob and look forward to his next post mainly to criticize or make some smart ass comment or other. It's beyond me to understand how little some people can value their time and energy. Why bother?
BSAM, perhaps it my own bizarre trading style, but more than simply predicting, I am absolutely certain that every trade I put on will be a winner. I don't think probabilities, statistics, expectation, any of that. Of course I am often shockingly wrong, but I just don't enter unless I am convinced of the ineluctability, the inevitability, of the move I foresee. However, I fail to see that kind of certainty in what I understand of Grob109's intraday trading principles. They seem to me to be very fuzzy and hard to pin down. Perhaps one of his associates will clarify, as the man himself seems incapable of it. Regards, Al.
Icarus, one can read Lewis Carroll over and over and those words become familiar, too. And make about as much sense. I, too, have a binder. Filled with the ill-defined concepts you mention, and many more. Consider the FTT. It looks simple. But like as not, what looks like an FTT isn't, and the trend resumes. Or if it is an FTT, a retrace to the trend line most often offers a lower risk entry. Grob109's concepts are iconic, and he never discusses exceptions to them. Also, I find his ideas about the meaning of volume to be primitive and muddled. The notion of monitoring volume for intraday trades on a five minute chart is ludicrous. Regards, Al.
I've read Carroll, even voluntarily. Unfortunately, it didn't help me make a dime. If it did you, I'm happy for you. Rest assured, I shall not start any threads here flaming Carroll for being a charlatan. Seriously, there are quite a few people who have come forward to say reading Grob didn't help them. There's no reason to doubt them. What's curious is why some of these people insist on distracting others from learning for themselves. Moving on to better things seems like the rational thing to do. I guess the AGM stuff has something to it.
Icarus, there runs throughout Grob109's ouevre a general illogic which I find maddening. When in the past he has attempted to codify his methods, those descriptions have been deeply flawed. The so-called "Jokari" matrix was one of the worst examples. His descriptions of the behavior of volume at turning points simply don't match reality, or at least my reality. We have seen him lead people astray here, those desperate for certainty in what is perhaps the least certain endeavor on earth, second only to trying to predict the behavior of women. His patently obvious inability to mentor nwbprop, whom, it seems, was no fool, is most damning to me. He preys on credulity. The less specific he is, the more the credulous are attracted. His crackpot intraday trading methods cost people who believe him money. And following him distracts them from taking responsibility for their own development and finding their own unique way. Just my take. Regards, Al.
It's curious you bring nwbprop into your comment. It's doubtful you know him at all. No matter. Let's cut through the bullshit. If you find something that helps you make money, use it. If it doesn't help, move on. No one owes anyone anything. If someone helps you along your path to success, do not forget to say "thank you." But your success or failure is entirely of your own making. To the extent a person takes responsibility for what happens to him in the market, he will succeed as a trader. To me, that is the highest truth in trading. It ends all drama.
Good post. Thanks for the input. I try to see things for what they are. I try not to judge, so I do keep an open mind and ear. I will continue to try to understand Grob and everyone else. I just think that it would be just as effective to state things the way you do or possibly to start a thread explaining the different terms and phrases. I know he wants to help (the effort that goes into his long posts, etc), so I would think it would make it really worthwhile to have a place for him to refer guys like me to for explanations or as a primer. Anyway, that is a lot to ask, but it would go a long way towards making his effort hit home with those willing to listen. Again, thanks for chiming in.