Steve, Before this degrades into yet another insult-throwing thread, why don't you just let Bryce continue what he's doing in this journal-like format? If you believe strongly enough that his methods do not work, just let the journal speak for itself. Arguing over his retracement point is neither here nor there. His method of identifying a "pivot point" is completely different than yours, with different targets, goals, exits, style, etc. Besides, you're just arguing over 2 trades. Anecdotal evidence, especially on such a small sample size, means nothing. And making personal jokes just degrades the conversation altogether... you know how it goes, when folks out of objective things to say they start throwing around the insults. Maybe beat him up on advertising as a vendor so early in the process, but let the method speak for itself.
I think my comments were measured and sensible. As Gilmore became less interested in debating the details and more intent on making fun of my approach I found it easy to "return serve". If he wants to vend a system on this site and he begins by calling a trade (or two) wrong, and then glossing it over, why shouldn't we say something about that, especially when there is a commonly available way to present the data more accurately, and without having to spend $2,000? I think the market will determine value, and in this case I would hope that knowledgeable consumers will pass on this "offering".
Steve 46, I am just about to go out for the night but the big point I need to raise is your constant mention of $2000. Maybe $2000 is a huge amount to you but it is a small amount to me and if someone thinks A$2000 which is about US$1500 and E1300 it means they do not have the wear with all to educate themselves. My son's education is running at about $20k a year and what do I get for that? - Only hope I guess, but, others who know me will speak the truth as you have seen and %$%$ pullers like you will have to listen. That's the beauty of living in a free speech society. So let's let everyone have their say. I am still rolling over laughing at your posts as they don't ever seem to become constructive it is tho you got caught in a rip tide and now you are swimming for your life. Keep it up as it will only bring more people to my side of things and that is the objective of mine to expose all you guys who post inuendos on public web sites to help yourselves infiltrate the arena as basically "hangers on" in the industry - you never tell anyone anything of use you just clambake your stuff and it really means nothing to anybody other than it tells us you are not as smart as you make out. The big issue is Baron will have to go back through all these posts and make sure who should be allowed in here and who should be booted. You already have a numer of strikes that hhe is aware of. In fact all you do is give me a punchhing bag to bounce off. You are doing me a favor bringing everything up. I am not scared to confront you, either in public or in the trading arena. In fact I am more than happy about it knowing you trade a black box. That is the past if you want to make money. So keep going and we will see eventually how much smarts you have. )) BBG
You have been "just about to go out" for several hours now. What it looks like to the rest of us, is that you simply haven't got a good answer to any issue, so you have to withdraw for a while in order to think up some nifty answer. Your site says the product costs about $2,000 I don't buy worthless crap at any price so really your comment means little to me. Frankly for anyone interested in your worthless concept, I will offer to show them how to display price data more accurately than you do, and I will do it for free. Hows that for a bad dream Mr. System Vendor. Steve I think it is laughable that someone vending a system based on astrology would comment about "black box systems". Apparently you don't understand what a black box system is. I am guessing that your lack of education really inspires confidence in your prospective customers, especially the pit traders you are so well acquainted with (from your home in Australia).
People do not jack around trying to sell some market system or sell market advice through fee paid seminars or through a subscription to their service or through a single purchase price if instead these asswipes could themselves make a fortune from the market. There is that old saying: 'Those that can, do. Those that can't, teach.'
That should have been mentioned right away because without that tight stops do not make sense. Second it's not easy to figure out how to do it.
Cesko: You comment is interesting to me. What I have been suggesting is that Mr. Gilmore's charting system does not, of itself, help the trader to decide how to enter. I argue that nothing can do that for you, you have to learn it one way or another. It is a part of the experience of trading, or you have to develop a rule set (through testing) that helps you to know when to trade. Any trader can develop such a rule set by simply testing a particular market. I just suggested such a rule set in a thread titled "ES Journal". To me, this is why no charting tool, or system that is offered to the public, will work for a newbie. They simply don't have the experience or the judgement to know when and when not to trade, or how to enter, especially with tight stops. Steve
Steve 46 wrote... I don't buy worthless crap at any price so really your comment means little to me. Frankly for anyone interested in your worthless concept, I will offer to show them how to display price data more accurately than you do, and I will do it for free. ____________________________________________________ Here we go again "worthless concept" you should change your name to BOZO the CLOWN. How do you know it is worthless when you are following a linear regression model and have no understanding of the precision and geometry in the market that the smart money players use. What do you really know about the market? you have probably only been trading or attempting to for a couple of years to have such insular knowledge of it to date. You are a babe inthe woods and it is easy to ttell they way you defend your black box and attack others who have a completely different outlook that works. Then you have the stupidity to bring planetary stuff into it - I do not use planetary activity as part of my METHOD. Every thing you have said up to now just points to your lack of understanding of me, my method and the market in general. I told you to go to a web page and look at the comments and photos with them of 75 people and some are great traders who have been trading for in excess of 10 years - these guys don't lie and they do understand. Here's the link again.. http://wavetrader2004.com/id90.htm As for me living in Australia - you imbecile they have flights from here all over the world. Don't you think I have been to Chicago many times before - don't you think over the years that I have lived in the USA for spells. What sort of ignoramus are you? Have you been stuck in your red neck village all your life. I don't know why I should bother explain to you guys asyou are too stupid to understand anything. BBG
Bozo the Clown wrote.... You comment is interesting to me. What I have been suggesting is that Mr. Gilmore's charting system does not, of itself, help the trader to decide how to enter. I argue that nothing can do that for you, you have to learn it one way or another. It is a part of the experience of trading, or you have to develop a rule set (through testing) that helps you to know when to trade. Any trader can develop such a rule set by simply testing a particular market. I just suggested such a rule set in a thread titled "ES Journal". ____________________________________________________ You are a joke Bozo. "Mr Gilmore's charting system does not, of itself, help the trader decide how to enter!" This just demonstrates your total lack of knowledge about the METHOD and the way to trade it. I have more but I teach 10 PRICE ACTION set ups that are easy for anybody who can read a chart to impliment. The maximum risk attached to each one is 6 ticks if you want to give everything a chance - but in some instances that can be reduced to 3 ticks. The Entry Rules are totally straight forward there is no inuendo about them - If the set up is there and certain other criteria is met you take the trade. Very simple a newbie could learn the method in about 2 weeks following the market in real time. But if you choose to ignore the facts maybe I should call you Bozo the Osterich.,that would be more appropriate. BBG