Good , So you are telling me he called the exact price of each reversal 3 times in a row for you? If not the exact price , how far was he from the high or low? Do you have dates and prices accurate enough for verification?(that would really be nice, but I understand if you don't, it just helps eliminate the selective memory tendencies traders have.) Seriously I am trying to keep an open mind, and I am not slamming you, for all I know is you have made a legit generalized claim all i am asking for is more specifics.
Fred; I am not a girl, but i do like a female read. & will address part of your primary,secondary trend [intermediate] question. BP jr; Interesting initials. The primary ,& intermediate trend of the CME is up, and ; Charlie Dow hit the bullseye on trends reversing with a series, not one bar [ or candle]. Its an Excellent probability statement and key.
You have no first hand knowledge. Settings only changed from Tick Charts to Volume Charts because the chart data is more accurate. Of course i can understand why YOU wouldn't want to trade with accurate data. AGAIN, no first hand knowledge. This does work intraday, swing or position, weekly monthly daily . . . whatever in any Market; stock commodity, futues, fund . . . anything that can be tracked with a price chart. Shows you have no first hand knowledge of what I do. Proprietary indicator not necessary but helpful. AGAIN, no first hand knowledge. Not at all curvefitted. Again, no first hand knowledge. Prove it doesn't work. Lip service proves you have no clue what I do.
There is an old adage - "Wenn man keine Ahnung hat, dann einfach mal die Fresse halten.". You can translate it with - "If you don't know it excactly, you better be quiet." I will tell you the real story. The basic concepts never changed. Period. Students who say this, have not grasped the theorie. Years ago the Prof knew that Volume Bars are better than tick bars, but there was no software with Volume Bars at that point. So what to do? He used tick charts first, but always!!! kept telling the students that at some time in the future he will move to tick charts. It took me almost 30 minutes before I could stop laughing about the curvefitting thing ;-). That's so wrong that I won't comment it. Only one hint, the Logic is not a black box ;-). You can trade any market with his stuff. Period! The methodology will work with every setting of indicators and Charts .... The settings for the indicators are like they are, because they are finetuned to work best. Period! That's the truth. Believe it or leave it ;-). Happy weekend, fritz_haber
No one has ever disproved the methodology, few have tried, but failed. Others haven't tried, just applied . Better think about it.
I do trade and teach. I trade at the Seminars . . . in Real Time . . . with a real feed . . . and real people. I can teach trade and travel and the same time . . . multi tasking.
Well stated, this is simply an environment to exchange of ideas. We all throw our ideas out there for others to take as they wish to see what helps them and what doesn't. We should treat ET as a buffett of ideas and not take what we have no interest in.
Then I am at a loss. You "tore me a asshole" regarding my logic but didn't explain where my logic was incorrect. Please show me. I take constructive criticism if I know the source is knowledgeable. If some high school kid tells me he knows more than my 3 years of college logic & problem solving and years of teaching it at a corporate level, I have a problem with that but you have experience . . . talk to me, I'm all ears.
I treat Divergence as a warning signal. It is not a reason to take a trade but a reason to exit a trade because it isn't that consistent. I agree with you on price, I simply use an indicator to confirm price oscillations. It just makes it easier in the beginning to verify what a trader sees price doing in real-time. You are correct that each Market oscillates in a different frequency. That frequency can be seem first by the average daily volume. I divide it by 140 to 200 to find a chart increment that is visually clear in seeing trend. Then I stick to that particular chart for the Trend chart increment for that Market whether I want to watch it in intraday, swing or position increments.