Surf, you trade as a hobby, you are NOT a professional trader. Do you think Albert Pujols listens to the fans in the stands as far as what he does? I didn't think so PS You don't have to agree with anything, it really makes no difference to me. I see people like you as an outsider looking in. Wanting to know or understand yet claiming all the while that something is impossible. You are either going to 'get it' through your own trial and error OR you will spend all your time defending your position while others trade profitably and chuckle at the notion that those who cannot do, spend all their time fighting those who can. Have a great weekend.
The evidence is your own ability to test it yourself, which was offered to you more times than I have fingers and toes. I'm sorry you either have no confidence in your own ability to read simple chart labels recommending buys, sells and exits to determine if what you are seeing is accurate or a total lack of computer skills but that is your own personal deficiency not mine. You chastise me continually for what you "perceive" as inaccurate information without testing it or validating your comments yourself but will lay laurels at the feet of other posters that sell their wares at outrageous fees which is the same information that can be obtained on the internet for free. You have "zero" integrity and credibility in this forum. Baron banned you for posting links to your website after repeatedly warning you that it was against the rules here. You were told not to return but chose to create a vast number of aliases with which you stalked and harassed myself as well as others on this site. Below is a PARTIAL list of VERIFIED aliases you posted under: Basquiat Polandspring Patrickblake Skittremblant Chefbusboyrde Upsidedownamill Hamstercutiesam Slapshott Themachineus Wildskier pullback now Pizzaboy Carboncredit Alienatedsurfer Hylifejoker corelove Hobophobia Nastyrabbit Texasdj Outernationalgg equitybuyout Vertunyc Then after Baron allowed you to return you were told to put me on "ignore" and to stop commenting on my posts, to which you have ignored and again "done what you damn well pleased" and gone after me again. I repeat, you have "ZERO" integrity. You could be such a force in the trading arena but choose to be a blight on anything you post in.
I have back test 560 gapping stocks (most gaps were after earnings/guidance) from 2/7 thru 6/17 with a simple 5min bar strategy and the stats show Batting 59% Simple Sharpe 1.8 If you take the same strategy and just trade the direction of the first 5min bar stats are Batting 56% SS 1.6 so as you can see there is little difference in trading the TA view on gaps vs just a random strategy. But there is a difference. Advantage of second strategy is you have 2.5X more trades and so 1.7X more $$$$$. See my vid http://www.youtube.com/watch?v=nOglE3wZjGo One thing all these TA education companies dont do is backup their claims with meaningful Stats. In 9/12mth I will have enough data to present a meaningful sample and result set as my current set only encompasses one earnings season. TTYL ?James
Surf, Prof's system is mechanical and I would be using it myself if I did not trade FX spot. I have adapted his findings on wave motion to my own trading. He put here in ET the settings for both ergodic ossilators, chart type, chart settings, and chart examples that clearly show triggers. He has even put up some strategy reports on several instruments. I don't get the vitriol, especially considering u do seem to support a certain vendor who charges 2k for a course in fundamental TA. U might be missing an opportunity Surf, if your business is finding and backing working mechanical TA systems, also Prof has also said that he will not go corporate at any price, so I dunno.
@neenestI fireplace, charliedowi Einstein and Proflogic among other dopelgangers. Why make stuff up? Just stick to your system and evidence for its value add I couldn't script this material any better if I was writing the movie. Another TA system seller gone offt to protect his religion. Note the personal attacksand mistruths instead of defending the claims. I only question the claims. This is a classic example of. True believer going on tilt when challenged. My agreement wit Baron is not to post links but rather entire segments of what I consider news or views. Nothing to do with you , why make this and other stuff up Your claims simply ask for a challenge from those of us who understand how markets really work.
ok say look at the banking sector, a lot of the fundamental analysis are questionable since the accounting for trading books are based on fictitious figures, hell even Berkshire does that, who knows how many other large corps are doing it, so if u can't trust fundamental analysis and now you say T.A. is crap, what are you left with?
Sorry surfy but I'll admit to 3 of those 5 over the last 7 years on these boards but that list of "22" for you has only been in the last year and I know for a fact there are many many more. There was even a thread like "Where's Waldo" making a joke of trying to find your new aliases. Fireplace I know will be offended. Again, you could try to show my method as bogus and nonsense if you just tested it but are too inept to try. You even had a poster on here named Hombre attend a class and said you would abide by his assessment of the class. He gave his review and you simply ignored it so you could continue your uncontrollable ranting. Again you are a liar, Baron told both of us to put each other on ignore. I had you on ignore until I emailed that you responding to one of my posts. I repeat you have ZERO integrity and only you can fix that. Maybe Anna can help you. Go to Canada and concentrate on your wedding like you said you were and leave this forum to actual traders. The name of this site is "Elite Trader" not "Journalists that can't trade but wanna seem important".
TILT !! How is hombre ( an alias ??) doing now? Baron never requested any such thing of me, are you privy to his conversations? I don't get the "appeal to authority" but its classic amongst the TA cult. Surf
Good points but read the books I listed earlier for a few edges that really work. In addition to providing ideas for you to find other edges. Most TA is a rabbit hole that leads no where and those who defend it are selling something in many cases. Although there may be a savant or two who can eek out a living via subjective TA , I have never seen objective TA work despite the rhetoric.