The only thing that I can think of that would be extremely useful is if Prof means that he can identify what he calls a prime hi or lo with great accuracy in which case you could trade pullbacks to the next prime with complete confidence. This, of course, is calling tops and bottoms which Ive never seen anybody do with consistency. If this is the case then if Prof would call the next few primes as they happen I would become a believer.
Easyrider et Al... Here's a link to one of the days in which I applied Prof trading... http://www.elitetrader.com/vb/showthread.php?s=&postid=741703#post741703 Note well that I DID NOT use any indicator. Just the chart from the link above. Just overlay the LL/HH/HL/LH stuff with the red and green. If you can't make that effort, it will pointless to furthur discuss. Trading always has it's belief elements. The more difficult aspect of anyone's trading will be convincing themselves. Until one can do it for themself, they will never be convinced nor believe. Right off the bat there are plethora of people who just don't believe. If you start from a different end and just approach new material as what is here that I can learn, you will find out a variety of ways in which you can begin to grow. Ridicule me for not having the indicator, that is ok and largely irrelevant. If none of this stuff is new to people, even better, so get cracking and start earning. The difficult question to answer will be why then is this working for us and not others. You see my slant on Profs work (ie. no indicator) whereas he does. We recognize the same things because of what we know always occurs (ie. cycles). Matter of fact, my lines are ultra lagging... Consider the questions in the link... Red Line, Green Line...
I know everyone loves to rip Larry Williams, and I probably agree, only reason I can't say for sure is he's actully one of the few gurus I never looked into for some reason. At the same time he did put himself up for public display and does with his seminars, where at least according to the bulletins I get he trades live. He also put his duaghter in that Robbins competition years after his run, and she did very well also. I hesitate to rip him as a trader when he has put up in public and done very well. At the same time he does come off as a snake oiler like most of the rest of the vendors, but at least he has a real record.
Mak Thank you very much! The first time I looked at that chart I did not get it. I think a light bulb just went off this time. I will let you know.
Quite agree that LL/LH/HH/HL is helpful observation of any chart but it is bog standard and peripheral. To start in on any market you have to know what to expect with the days template predicted from a set of parameters. This is far away from what any concepts of independent individual traders and what they do or are doing.
NP. I hope alot of light bulbs go off. Prof was the first to turn on any lightbulb in my head. What prob makes things even harrier is that I also have a Grob109 slant on the very same chart... Another beloved ETer who people for some ridiculous reason love to jump on his back about and he doesn't even charge for anything... Apparently, you just can't win in ET. Alot of sick people in this ET institution. Perhaps one day, I can take a real initiative to do residency here and start hauling or overhauling as the case may be. Kindest Regards...
Prof, noone knows what the f you purportedly do, OK? You have never clearly described ONE example with a chart. Never you posted tons and tons of crap, but I will bet you $100 there's not one ETer who can clearly explain and illustrate what you do. It seems that your whole purpose here is to stoke enough interest in your method so people bite the $300 or whatever fee. Yea HL HL - great. How/where exactly do you enter? Where do you exit? I guess if we wanna know that... $300, right?
And people who signed up with you posted here and said you're full of it - what do you say to that Mr. Market Perfection?
Prof went short at 1165; we are now at 1171 and the close of the trade has not yet been posted. I'm sure the trade will be a break even one when he will be posted. That's how you build such a theoretical track record. This also explains why he is not eager to post in realtime. It's not 300$ anymore. The CFTC probably warned him to stop selling advice. That's probably where he knows the lawyer from, he had him probably on the phone. But you can still suscribe for 3000$ on a seminar.
How much you wanna bet his record shows he took profits and went long at 60.75? See I can make these calls too and I didn't pay the $300. But.. was it perfection or hindsight?