The reason is what is being stated may "sound" correct and logical-- but those with a real understanding of the markets can clearly see the silliness and ridiculousness of what is being taught. Therefore, some people are entertained by pointing this out. Destroying self proclaimed verbose gurus who parrot and dont have an original thought is a must to save the naive.
Read any of the guru's posts-- a very naive yet seductive but incorrect method to view the markets. Heck, the guy even uses "free" charts from investor.com for illustrations. Do u even know or care where this @data comes from?? Or is it such a good feeling to think you understand ? This is in general to all the followers and not directed at you.
I've read a few of DbPhoenix's posts . What, in your opinion, is incorrect about the method? I guess a better question might be for me to ask what is your understanding of the method in question here? Having been trained as an attorney, you would know that saying it is "naive and seductive" wouldn't be acceptable as "expert testimony" in a court of law. You say it is "incorrect," but then you leave us hanging as to how it is incorrect. FWIW, I do remember a post by DbPhoenix from his earliest thread about his method where he explained he was using data freely available to anyone so that even someone without a trading account could look into the method to see if it would make sense to them. So, to be fair, marketsurfer, his use of free data in an atmosphere where he is constantly accused of being a stealth vendor can hardly be cause for criticism, right? Isn't that better than him telling people they need to buy the SLA_Oscillator for Multicharts with owndata3 for a lifetime license of $2997 or lease it for $99/month?
As I posted to TL this morning: Another range. Where are you going to enter? Where are you going to exit? If you don't know or you're afraid to take the trades, you shouldn't trade today.
First this isn't a court, and second DB is not on trial---- he is just the parrot, and one of the last ones, for a long outdated and fatally flawed belief that "repeating" stock chart patterns can be used profitably over the long run. As well as classical hindsight confusion/bias being propagated as real time truth. DB is the leading proponent of these myths, my issue is not with him at all, he could be a great guy-- I have no idea-- my issue is with the method and he just happens to be the one preaching it. He may not be a stealth vendor of product or services, I really have no idea--- but he writes like one but this may just be the years of brain washing by reading vendor material and dreaming about trading. who knows, I really don't care. A crank really believes what he is preaching, while a charlatan doesn't really believe it but preaches it to make money or create fame/followers. The bottom line is, when these methods are tested, even in the the most rudimentary form, its shown not to be any different than random entries. Like it or not, dats the truth. surf
In so many words, this guy just described his REAL issue with the SLA approach and his problem with SLA is the fact that no one is showing readers how to micromanage their trades. At least ONE person has admitted to it.
True, true, not a trial. Though the behavior of the OP of this thread, at least, boarders on persecution, imo. Have you tested DbPhoenix's method yourself? Do you have a link to someone who has tested it and found it to be no more reliable than a random entry method? I'm not looking to create animosity, marketsurfer. I think you're a smart guy, and I'd like to discuss this with you freely. If others have tested this approach and found it wanting, I'd be interested in reading their study results, and I'd be very interested to se exactly how they defined that which they were testing. Thank you.
By "this guy" you might want to actually say which guy. I am suffering from a pronoun reference problem with respect to you post.