he gives out the book for free. but he sells the signal software. afaik, he doesn't go over trade execution in the book, but I've not finished it
So you are considering "Harmonic" patterns? What is the Title? Where is this tome housed? Where may we take a look? What are some of the signals and triggers mentioned in the book?
Do you think he would sell his system if it was actually as successful as he claims? Why wouldn't he have raised $100MM in the 90s and turned it into a few billion by now? Because it is BS. "My system is incredible and will make you money! For just $25/mo you too can learn my ultimate trading secrets." Please be more skeptical!
What would make you think that I would disagree with your common sense statement. Had you read my posts, That is precisely what they state. So what is your point? Get with the program, step it up. " Is this a free book or is it for sale for profit? Who benefits? Does he include in his book the following: What triggers a buy or a sell to open? What triggers an exit? How do you size your trades? Believe none of what you read or hear and only half of what you see. Is this Rocket Science?" So, What's your Beef longandshort?
Is this not skeptical enough for you my friend, lol. From my post above you might have read the following: "Believe none of what you read or hear and only half of what you see."
Now then, If a person were to be open minded and care to take a look at the table of contents of this, by the way is this the same Carney that was Gleason's sidekick? Dude had some great bits as Ralph Kramden - Sewer Worker, but I digress, if a trader wanted to have a look at this guys collected thoughts on "Harmonics", then Where is a Link to do so? The dude's just trying to make a buck like everybody else. What works for you longandshort? To Read it is Not to Believe it, know what I mean Vern?
I went through the website and didn't find a lot of useful information. Generally speaking, everything peddled to retail investors/traders is fake. In the institutional world, when a bank or asset manager has a new strategy, it typically is documented with a significant level of detail so that people can backtest the strategy. When they do this, they will explain why they are sharing it as well -- because some sources of alpha are longer lasting than others. Most of their good ideas are not shared unless it's purely an agency desk (as is the case for most equities). Most sources of alpha are capacity constrained or time-varying, which means that they don't work if there's too much money chasing it, or they work sometimes but not others.