Peter L Brandt Uses lots of TA straight from Edwards and Mcgee Been in business for 20+ years Has Proof of Performance http://peterlbrandt.com/performance-2/
The above statement is psychobabble. You refer to "probabilities"-- probabilities DO NOT exist outside of quantification--they are not derived on a case by case basis --- please demonstrate how a probability can be arrived at without the ability to quantify? I think you are going by intuition, feelings but hiding that in rhetoric. Nothing wrong with intuition, just don's use the wrong terms to describe it to make it sound "scientific". surf
Well, that's for WRBtrader to find. He seems to recall it pretty well. And what if he does find it, posts it here and its as he says?
thanks for posting this. Interesting--just 4 years of losses over that time frame--- what happened in 2009 forward? Was he wiped out?
This thread is starting to confuse me now. First you mention T. Sykes as the only ET member that ever demonstrated consistent profits via a 3rd party verification site. Next, you say you will recant your position because you don't believe it can be done via TA. Why does T. Sykes not qualify considering he does use TA amongst many other resources he uses. The reason why I say he uses TA is because I've seen videos of him showing his charts, him discussing price patterns (e.g. breakouts) merge with all those other variables I've mentioned earlier (e.g. trading experience, money management, discipline and so on) that he considers to be more important than TA. Regardless, he uses TA and if you say he's the only one you know that's had his profitability verified...why aren't you recanting your position about TA users.
Potentially--- these talks overall are extremely educational and some may make it into the book. Believe it or not, I have the utmost respect for anyone who tries to make it trading---- If I seem harsh, its in an effort for more info on the subject.
Do you understand what an algebraic or mathematical equation is? The probabilities are derived from the successes and failures of the equation to generate profitable trades. Again, asking for "a number" is ridiculous. I am telling you that asking for "an equation" is much smarter and gives you much more flexibility in reacting to the specific market context. And, guess what, "equations" ARE quantification!!!!! Every equation, when given specific inputs, generates a unique quantitative output. In Einstein's famous e=MC2 "equation", you only know the answer to what "e" is when you know what "M" is and vice versa. I'm not saying my equation for the markets is on par with Einstein's, but if you are criticizing my equation-based approach to the market as being "intuition", you have to say the same thing about Einstein's equation-based answer to "how much energy is contained within a given mass?". I know you don't mean to say that or, if you do, you are seriously deranged. Did you even take algebra in high school?