LOL, Wide--- my several generation ago relatives were farmers, MD's, builders and watch/clock makers--- so you are partly correct about the AG base-- but not exactly the overtly social caste..... cohesion-- likely All i ask for is for evidence of the success of these maestros-- be it via TA, tea leaves or pure intuitive skills-- so far, in 20 years of being a student of such things, I have never seen it. surf
Successful trading systems are like Schrodinger's cat - unknowable by the masses of unprofitable traders. Were they known by the herd, they would cease to exist. I understand that you tend to give money to The Market when you participate as a retail client. Where does it go? Only to HFT market makers? Only to insiders? Why do you need proof that some of us harness the overshoots caused by your impulsive behavior? No one is soliciting funds from you on here. Your behavior goes far beyond due diligence. You are on a crusade. Why don't YOU prove the non-existence of of profitable price action based traders? Seeing as how it is so important to you, I would think you would have already taken the initiative.......
Lets cut to the chase. I second Nodoji Post some of these studies (say 5 or so) that have footnotes that reference other such studies. Skip the Timmay stuff. When you get those up; I'll post a filter that shows lists for high money velocity trading that exclude what you sugggest.
"How do you do it?" How do you make yourself "do the right thing"? Whatever the answer, it lies within. Either you do or you don't.
When Thomas Edison was interviewed by a young reporter who boldly asked Mr. Edison if he felt like a failure and if he thought he should just give up by now. Perplexed, Edison replied, "Young man, why would I feel like a failure? And why would I ever give up? I now know definitively over 9,000 ways that an electric light bulb will not work. Success is almost in my grasp." And shortly after that, and over 10,000 attempts, Edison invented the light bulb. ..take the word can't out of your vocabulary..there is a whole industry built on "can and do's"
Surf has given you a standard explanation for his failure to reach any of his stated goals. 20 years of participation on the fringe (broadly defined fringe that is gypsy like). His heritage is lackluster and he doesn't fit in with anyone who is knowledgeable and skilled. He tells all. Picture this guy who is searching and searching to prove a negative. All of us have enough skills to run the other way when we see someone who fits surf's profile. Recently, he explained I should not have written the financial books I didn't write, BEFORE, the SEC mistakenly proved I was an "insider trader" by using their insider profile on my accounts they were tracking. As a third party, the SEC proved I was a trader and, further, they mistook me by their profile as being an insider trader. This is in the public record. I use TA. The SEC uses computer driven profiles. There is a match. BUT, a person on a search for 20 of my 54 years of trading (surf) can't sit down with a piece of paper and connect the dots. He posts the opposite to make noises. Where does surf's lack of any skill or reasoning come from? The "combine" fiasco doesn't explain it at all. Nothing is explained by surf's failing at any goal he sets for himself and pulls a NADA. Surf has a deficit. Surf needs attention. As Nodoji points out to the OP here, Mr. Nate needs to deal with his disorder. Surf has a disorder. Add it up for surf (sorry). It is not expected that a person can undrstand spending 20 years trying to prove a negative. ADD is one of the facets of this example of a person. "....eight hazardous years..." is a quote from a book at its opening. The phrase explains the futile search of a person for something he can't grasp nor define. Machael Parson we were told wrote a good book and his opening figure is attached. It is unbelievably poor in concept. ET has to turn to another orientation for these types who participate in trading from an ADD orientation. There is no way a person can talk with them in any kind of reasoned manner. The OP talks to surf; we get entertainment. Surf talks to the OP; the OP gets screwed. ET members really have to focus on giving attention to these types. Attention has no requirment for facts, etc... no reasoning is involved..... Ask surf about his watchmaker relative. Was it in the Ag world and the guy who got the watches raised horses? Did surf's relative invent the second hand?
http://www.dnb.nl/en/binaries/Working Paper 343_tcm47-271856.pdf http://www.iijournals.com/doi/abs/10.3905/jwm.2012.14.4.122 http://www.eurojournals.com/JMIB_21_06.pdf And for those who want more hands on evidence-- see 'how markets really work" by my old boss Larry Connors. In the stock market, prices actually are non trending when subjected to tests that find such things. This is common knowledge, you should know this Jack
Thanks for the humor. we all know that if you design a test for non trending stocks you can find non trending stocks. for those who make high money velocities the filter looks like the filter I am now going to provide in spades. Send it to Larry if he still speaks to you.
Are you Jack Hershey? I note changes in his writing style... This one takes the cake for "delusional, cult like statements" other than the classic JH material---- YOU CAN NOT PROVE A NEGATIVE-- which is what you are asking me to do. The burden of proof is on the person or persons making the claims-- not on the skeptics. My skepticism is supported by research and 20 years of being hands on in the trading community. Either have an agenda as a vendor or you are truly a true believer--- otherwise you would provide proof.