the true believers are starting to rally. i have spoken directly with and have been published with several of the finest minds in finance, plus have traded since 1990 with 1000's of hours of screen time prior to reaching this point. my trading and market knowledge is still evolving--- how about some factual statements backing up your claims, i would be happy to change my mind. in addition, i would be pleased to take your challenge, any time, any place with any group-- i bring two people and game on--- rip us apart with logic and redicule (sic). LMAO!! surf
happy 2008, plogic. happy to see you are well. you should ask your friend jim rogers what he thinks of TA. certainly the wealth he has would dwarf the combined wealth of the others you mention. these succesful TA practioners you reference, would they happen to follow your teachings? just a thought-- as i stated earlier, those who defend TA most vigerously normally have a vested interest in making cash/fame from teaching it. best regards, surf
Yes, believers but more than that . . . people that actually trade with real money. We trade, we prosper . . . we thrive. Yes, you have spoken with some of the finest & oldest closed minded minds in finance . . . so have we. We just choose not to duplicate their failures. Yes, you are published . . . so are some of us. To date I personally have logged over 19,000 hours of unbiased research on the screen and I know of others that have far exceeded that. Our search is still evolving as well but we do ours with an open mind. We do not expect you to change your mind. The effort would be fruitless. You are insignificant to our success. We do not need to prove our prosperity any more than you have to prove yours. What you ask of us . . . first present of yourself first. Challenge? To the winner go the spoils? This dead horse has died, decomposed and even his ashes have become the building blocks to a new life form. Congratulations on your recent YM trade.
Happy 2008 to you as well. Mr. Rogers is an acquaintance not a friend and he isn't essential to my succcess so what he thinks is irrelevant. TA is a vast environment of ideas and models. As in every environment there is success and there is failure. . . . those who denied most vigorously that the world was round, never left dry land.
Wow, 18 years of trading and still evolving? Congrats, that is rare. I apologize if that wasn't you in that blog, surf. But I swear to God I read in the past 6 months that you were either quitting trading or that you had been unable to get profitable. Wasn't that you? A few others have mentioned that they have see you trading unprofitably as well...is it all bs?
ok, thanks. yes, 2007 was very difficult--- but the only blog i have focused on trading is the surf report. best, surf
Here is a pertinent quote from Marty Schwartz regarding TA: âI always laugh at people who say, âIâve never met a rich technician.â I love that! It is such an arrogant, nonsensical response. I used fundamentals for nine years and got rich as a technician.â So there is at least one! May the Schwartz be with you. Sincerely, Daryl
These are the results of a trading simulation using the stochastic indicator and Merrill Lynch stock symbol MER. Trading is long positions only, data is 31.03 years daily closing prices, risk is 2 % of account equity per trade, initial capital $ 100000, slippage 0.10 %. 20 period stochastic 403 trades Total profit $ 136752 40 period stochastic 277 trades Total profit $ 80107 60 period stochastic 216 trades Total profit $ 77660 100 period stochastic 173 trades Total profit $ 59765 200 period stochastic 126 trades Total profit $ 37816
These are the results of a trading simulation using the stochastic indicator and Countrywide Financial stock symbol CFC. Trading is long positions only, data is 20.19 years daily closing prices, risk is 2 % of account equity per trade, initial capital $ 100000, slippage 0.10 %. 10 period stochastic 388 trades Total profit $ 16960 20 period stochastic 264 trades Total profit $ 53848 40 period stochastic 161 trades Total profit $ 46965 60 period stochastic 133 trades Total profit $ 36488 100 period stochastic 120 trades Total profit $ 15149 200 period stochastic 79 trades Total profit $ 18225