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Hi All, We are off again on another extravagancy. On the cover of my copy of "On Extraordinary Delusions or the Madness of Crowds" it says: "This book saved me millions" - Barend Baruch. nononsense

Very nice! Send us a postcard if you got there. Be good, nononsense

Read up on George Orwell if you want to know more about this. In fact last century had a few fellows who were very great at this. nononsense

Hi Funky, Coming back to your p/l curve, is this the historical result of trading based on your discretionary pivot-based judgements or is this p/l curve generated by simulation of a mechanical - secret of course - implementation? Thanks for commenting. nononsense

Yeah, the kid picked up the stuff at Jack's, NLP included. nononsense

Jack, You let us stand in the cold with your "realtime" demo. Your story about the placard fellows didn't really get a clean finish either. I hope you find burrowing in easier in this place. nononsense

Harrytrader, Models never "answer questions". Models enable users to make predictions about the outcome of experiments. A model is considered to have merit as long as it meets this criterion. About the "(un)reality of mathematics", this is a profound philosophical question, maybe not very...

Very interesting Olintner, May I ask you what kind of systems you test; I mean daytrading ES or so; how many trades average a day? Thank you for commenting, nononsense

Great idea profitseer. But how do you know that "anything happens more often than no"? I never have any luck with this is if I only go on hearsay and don't test. How come you see profit in this? nononsense

Hi TriPack, I can't get the above link to work. Any other way of getting a copy? How are you doing with your "Equal Range Charts". I programmed this and find it quite interesting. I have not done any simulations on it though? nononsense

laz, you bring this up, Jack did not discuss this mechanism in his table and placards story. As he pretends to inform beginners, he should have mentioned at least something about this. I am not convinced by your hearsay evidence: "Even txx (one of his more persistent hecklers) heard him make...

Jack is certainly a very talented energetic person. The output of his pen is really mind boggling. I see in fact very little of it but I keep stumbling on his "output" in the most unexpected corners. He is also a very disturbed person - no NLP can help him. It suffices to read the above quote to...

mBear, Of course what you are saying is known a long time. You already had some personal experience with this kind of trading as you explain: "I don't do that anymore." Don't be too rosy about the possibilities in your "electronic age". If you program such kind of strategies and subject...

PuffyGums, The best answer to your above question is given by the quote Ramoutar fished up for us some time ago: "Subscribers here by thousands float, and jostle one another down, Each paddling in his leaky boat, and here they fish for gold and drown. Now buried in the depths below. New...

Well said TriPack. Admitting that I have never read Fama and don't have any time or inclination to do so, it seems to me very reckless for an academical person to state that "something cannot be done", if this is indeed what he is saying. Under normal academic standards of "thru knowledge"...

Yeah, but how do you identify a trend, the rest is trivial. nononsense

IMHO a system that is not mechanical is not a system. nononsense

Thank you so kindly Downtickboy, I propose we create a special fulltime ET appointment for you dedicated to explaining Jack to the common people. Thank you again, keep at it. nononsense

Very convincing Funky. I admit, as some other posters, that I am not too sure about how to use the pivots as a decision mechanism. Would it be possible to describe the decision algorithm underlying pivots? Thank you for commenting.

FastTrader, Would it be possible to elaborate a bit more on your above strategy? I find this most intriguing. Did you arrive at this mainly by observation or do you have a theory behind this? Thanks for your posts. nononsense