RFLMAO Like we have to believe someone whose first post it is ever to ET! Yeah right.... My take on BullShit's system: Trying to go from support to resistance and the other way round. In other words picking tops and bottoms. This is why in the past he advocated not having a stop in the market which is a big red flag. Picking tops and bottoms with no stops leads one into the poor house sooner or later. Works (more or less) in a strong market like we have at the moment. This is why BS is now trolling ET and we did not see him over summer. But it ain't working too well in a sideways market when you lose the shirt off your back. :eek:
Just in case that anyone may think that I do not know what I am talking about. I have studied Profilogic's system in depth because it was very, and I mean VERY, close to a system that I once traded. At times the system was like magic and did very well yet at other times it suffred horrible loss after horrible loss. I wanted to know what I had missed and what made Prof's system so "infallible". The bottom line was that Prof's system performed worse than my own. Explicitely: it does not withstand the test of time. :eek:
Man, don't give Charlie-Logic any ideas. When he gets reincarnated on ET I bet he replaces "perfect" and "flawless" with "infallible".
Since I never initiated in over 300+ posts, what I do, how can I be a salesmen? It's no wonder that common sense is seen as a foreign language.
I combined your two posts to allow everyone to see the fallacy of your statements. You say you have studied how I trade yet you make a statement like, " picking tops and bottoms". Something that is miles from the truth. Those that know how I trade know I watch for price to confirm that a top or bottom has been created before I ever think about placing a trade. You then say I advocated not having a stop. Wow, I have never said that once in my life. I am a strong advocate of stops, especially new traders. I have always told traders that I personally place stops mentally and put up a corresponding buy or sell window up immediately upon entering a trade to be prepared for a reversal signal. Price moves the same in a slow market and a fast market . . . just quicker in a more volatile market this is why I WAS HERE POSTING ALL SUMMER. The market never moves sideways . . . it consolidates in tighter ranges before moving up or consolidates in tighter ranges before moving down but will never flatline. If it does we all don't need to worry about who trades what. You say you have studied how I trade "in depth". If that was the true then you would have never had ONE horrible loss because I have always advocated placing a stop at your entry support or resistance level. Those that trade like I do and those that tracked the posts here at ET can see right through your incorrect statements and the reason they were written. You belittled the poster's first post but what about the others listed in the thread that are successful? You do not do justice to your moniker, your statements are clearly full of personally inflicted and maligned holes. If you studied what I do at all it was with a skimming stroke because you not only missed the point, you missed the entire field.
Hmmm seems I made victor slink off, oh well. I suspect no answer to the question of "how accurate were the pinpoint market calls" only lame retorts and admonishments of "Do your own homework" LOL
BS is as slippery as always with his replies: as someone once mentioned he has the gift of the gab. And that is how snakeoil persists. It was mentioned before that he kept on changing his settings which are indicative of curvefitting and what was strongly denied. http://www.elitetrader.com/vb/showthread.php?s=&postid=746607#post746607 http://www.elitetrader.com/vb/showthread.php?s=&postid=747249#post747249 Now if his method is so logical and stable then why the repeated changing of settings? Once one has figured out a stable methodology then it does not get changed ad-hoc, if at all. Tells enough in my book. To anyone falling for his crap: Thanks for contributing to the markets, really appreciate it. Old Chinese wisdom: Tao te Ching tetragram fifity-six: Those who know do not speak Those who speak do not know Block the passages Close the door Blunt the sharpness Untie the tangles Harmonize with the brightness Identify with the way of the world Roald Amundson (polar explorer, 1927) Victory awaits those who have everything in order - people call that luck. Defeat is certain for those who have forgotten to take the necessary precautions in time - people call that bad luck. Don't forget the usual disclaimer: "This is provided for educational purposes only" and "Past performance is no garantee of future performance". Sherlock edit: Perhaps it is time for the Proflogic followers to take note of a piece of advice from "the guru himself": If you think you will find it listening to others you are dead wrong http://www.elitetrader.com/vb/showt...ening+to+others+you+are+dead+wrong#post497125 (and that includes in listening to Proflogic) enjoy!
Well to be kind to Duey I will just say he exaggerates what he remembers about how I trade and is just slightly delusional regarding what was said during our phone conversations. As far as curve fitting, you had someone with an extensive math background earlier in the thread flatly throw that out the window but that was from a successful trader and someone who knows how I trade inside and out so I guess that doesn't count. Numerous people in this thread have stated the changes to how I trade were only a natural progression of the migration from Tick Charts to Volume/Contract Bar Charts but if you can't figure out the difference between those two then I could see how you could misconstrue that as "changing, curve-fitting or unstable". Of course I guess you were one of those individuals that saw the natural progression from TV antenna's to cable as a bad thing. As far as my quote not to listen to anyone, I stand by it. I am a proponent of whatever method or system a trader decides to follow he/she must verify its validity on their own. Unless a trader has 100% confidence in how they trade, they will always have a certain level of doubt in their executions. Whatever a trader does he MUST PROVE IT TO HIM/HERSELF IT WORKS. It's just that some traders are more diligent than others with the follow through. Happy Thanksgiving to all at Elite Trader. Time to finish the cooking!
I agree with Victor. With a closed mind you should go far in life. No one cares if you don't believe that a trader can be consistently successful but if you are unwilling to rule out the possibility through application then your opinion is as worthless as everyone else who follows the same line of reasoning.
Man, I just luuurve it how you twist things to suit. Add some unverifiable info, and you're well and truly done. Anyways, enjoy your food.