I don't follow the journal, but am not surprised. Many people use many forms of TA successfully. Those that claim is does not or cannot work need to dig deeper, use FA OR find a new arena to be involved in.
So let's use this thread for education, shall we? In the beginning of February I used my so called gekko pattern and extrapolated it to the daily chart, predicting how the market would behave in the next 3-4 weeks: This is how it went after 2+ weeks: ..and this is how it looked after 4 weeks: Compared to how elaborate the pattern was, I think I got it pretty much right....
You can't be serious, hence my ignoring your "see the ES journal" attempt at proof. In any group, there will be those on runs of success, then others will replace them as they eventually fall by the wayside, you can't be naive enough to think otherwise, right? Why don't these folks create and post in their own journal as I have done since 2002?
It's the nature of the market to be constantly evolving and changing. Some, very few, may be able to change strategies along with the market, but these individuals are ultra rare on the retail side. Our big edge in 2008 no longer works, my option arbs that guaranteed monetary back in 2004 no longer work. But when these thing worked, it was magic. However don't extrapolate any edge into the future, they are fleeting.
It shifts modes all the time, obviously faster on faster frames and slower on longer frames but the way in which the mkt trades is consistent all the time, regardless of cycle. People are behind the actions and people are predictable. They do the same things over and over and over again. I've been doing this since 1998 and the mkt is the same then as it is now, in terms of HOW charts are created via PA.
Posted 2 weeks ago when SPX closed at 1312 in Smurf's Journal: One week later I even posted the chart: Even OJ would acknowledge that he is guilty with so much evidence...