"This is an uncomplex, binary method that deals with a single indicator near the end of each day." Jack, that is one of the few things you have said recently that made sense. I totally agree. But I'll bet your indicator isn't the same as mine. Mine works about 80+% of the time.
Or a news reporter. Suggested solution was implied in the posts. "Stop using things that don't work." But the religious fervor of the believers is impressive. Basically a major opposition argument is "if someone has something that works, why would they tell you?" Now there is a convincing counter. Similar to the value of "Testimonials" on advisory websites like WizeTrade. Similar to avoiding telling kids there is no Santa Claus, because it shatters their closely treasured fantasies...
I don't know what do you mean binary. Objective in my view is using math only not an opinion. You can explore my journal and see an example of objective trading method. However the core of the method is math model not classical TA indicators. But my model works with past price data, so it is TA
I've tried to state for years in this forum my rationale for sharing and why I share so openly with some and not others. I've had numerous individuals over the years request information regarding what I do so they could test it for themselves to see whether or not it would be useful to use for their own personal trading and for the most part I share openly. Then there is the other extreme where some first communicate by chiding, berating, nagging, or harassing then ask to be informed. This so much reminds me of high school bullying it isn't funny. First they chide their mark then ask for help with their homework. The big difference is that the internet doesn't empower the bully. We "with" the information can look at those individuals wishing to force us into "giving up that information" and say, "Take a Hike"! I was the typical "nerd", "geek" & egghead in high school and college so I understand the "pressure" mentality. Over the years I have learned to stand up for myself academically, mentally, verbally and physically and "it" itself was empowering. I no longer feel the need to share openly with those that not only can't do it for themselves but WON'T do it for themselves even if they could. They have always relied on others to "think" for them and to do the "brainwork" so they can simply slide by on the "sweat equity" of others. Now you know why I refuse the requests of some to openly lay out my research. I know there is a group who will chime in with their typical yada yada yada and we all know who they are. Then again I might have stepped on a sensitive toe or two and they might retreat from this explanation. Whether or not you agree or not that TA has value the important thing is to keep an open mind and never stop learning. When one thinks they know everything they have failed. When one is always puzzled they will always be open to new ideas and discovery.
well, it seems to me that you are admitting your system is subjective in some aspects. there is nothing wrong with this, and if you would simply admit it, you would gain some respect in the business surf--
Interesting, ProfLogic. I received an unsolicited PM (I will not say who - it is up for them to decide about posting on ET). They had a lot of nasty thing to say about your seminars and you: I want to let you know that this character, Proflogic, is a scumbag and a scammer. I was scammed into spending $4000 to attend one of his seminars in 2006. It was a decision I'd regret ever since as was a total waste of money. Be aware that this guy is a charlatan. He gave himself the title of "professor" and adopt a obnoxous and insulting manner to other peoples so as to belittle them in a way as to "how dare you question the learned professor, you idiot". It continues on much further, but it was an eye opener. And it confirms what I have kind of been thinking about your postings...