This guy was last discussed about a year ago: https://www.elitetrader.com/et/posts/4378628/ What bothers me is that he is so hung-up on this concept of mean-reversion using the 5 period EMA. But he has no backtesting results and no actual trading results using his "concept". How does he know the 5 period EMA is any better than the 7, 10, or 13 period EMA's ? I mean at one point in time the concept looks good......but I think not in whipsawing markets....as there is definitely a trend component to this. Plus the fact that he does not account for or adjust for volatility makes me wonder. https://northmantrader.com/2018/01/03/yearly-charts/?subscribe=success#blog_subscription-5 I'd love to backtest this thing, but what are the exact entry and exit rules ?
he is talking cruise ship trading we are all doing speed boat trading. his thing is legit for institutions that trade that way, it's just not applicable for individuals.
A little google search will convince in no time he is an idiot. It took me 14 seconds. Bull market died for him two years ago around this time due to that triangle formation on his monitor. Probably the biggest idiot after Peter Brandt who called for DJIA 4000 Dec 2011 based on some pattern top on a yearly chart. https://www.cnbc.com/2017/01/06/nor...market-is-in-its-final-inning--heres-why.html
And he gets paid to come up with it, and gets paid no matter which way the calls go. That is the criminal part of it all.
Unfortunately and such idiots like Brandt and Northman gave trading and technical analysis a bad name. https://www.elitetrader.com/et/threads/interview-with-peter-brandt.297798/#post-4245512 https://www.elitetrader.com/et/threads/information-about-peter-brandt.320673/
https://www.peterlbrandt.com/blog/ Wow - Indeed Peter Brandt is alive a well. I believe his statement "not having a position is a position"...is stupid. It's like a batter going up to the plate with the attitude "no taking a swing is a swing".
Seriously? "We consider him a legend thanks to his stunning performance - a thirty-year track record (audited) of 41.6% compound returns." https://www.businessinsider.com/interview-with-a-trading-legend-part-i-2011-3