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Nonsense. You don't know when the trading fractal fails. You can't wash if you made a mistake and wmcn doesn't follow. Just because you keep repeating it , it doesn't make it true. Spydertrader' solution to fractal failure is to trade the trendline breaks. This approach is simply not profitable...

All those things are simply not true. Some people only need to read a few of your/spydertrader's posts to conclude that neither you, nor spydertrader has ever traded. Other people require only one conversation with him to form that conviction. Still others struggle, but after time passes, the...

His record as crayola trader is impeccable. Spydertader took it one step further. Why bother with real charts - he drew them by hand with crayola and traded live on those hand drawn charts at Las Vegas Expo. In a room full of normal people it would cause some fruits and veggies to be thrown at...

Possibility is not a substitute for probability, but rather another kind of uncertainty. Look up fuzzy events.

I only said that I would be happy to pay to pick their brains. There was a print out of traders and their returns posted on ET from famous busted propshop that went down. Looked quite legit, was part of some legal or regulatory filing. Some of those guys/girls were consistently making money. My...

I would gladly pay them $1500-$2000 for half day of one-on-one if they pass the smell test. Should be the easiest money they ever made:D By betting I was referring to gambling.

Science deals with certainty. If you put the water in the freezer, it will turn into ice with 100% certainty. Smart money always bet on sure thing. They either know something that others don't, or they cause something to move. “Whenever you don’t know who the loser is in a transaction, then...

Classic Weaknesses of Technical Analysis The most important weakness is that analysts reading charts can be biased. This is the case with fundamental analysis. Technical analysis is subjective, and our personal biases can be reflected in our trading decisions. If an analyst is feeling bullish...

What is Technical Analysis? If the anecdotal arguments above don’t make you question technical analysis’ worth we can go further. With the previous anecdotal evidence in mind, let’s look at the basics of technical analysis. Technical analysis is the forecasting of future price movements...

Why Technical Analysis is Nonsense Whenever I ('The Prince') hear bloggers or financial “professionals” reading charts and talking about breakouts, support, momentum, resistance, chart patterns, or any number of goofy names for the shapes that charts make, I immediately begin to smile. I...

Science is not meant to prove or disprove the existence of Supreme Being. It is rather amusing to see how you both invoke science to defend your own beliefs. Disbelief in God is a belief after all. Faith is the foundation of religious belief. Faith is the foundation of science as well. After...

karma is a bitch and there is a special place in hell for people like them

Those are Hershey's rules, copied from his doc file. Since I am on ignore now, he is very unlikely to show me "how to make money trading in 21 days or less".

Taken straight from the copywriting manual "How to sell trading systems". Another variation was adopted by Spydertrader: "I could trade profitably, but I didn't know why or how I could do that". He then 'produced' 3 years worth of journals, successfully avoiding answering that question. Funniest...

The 8 basic rules for annotating and doing analysis to stay in the market all the time and take the full market’s offer. (Note there is NO predicting nor betting nor stops required.) 1. Annotate using a parallelogram. 2. Trade from FTT to FTT of the trading parallelogram. 3. Use...

Hershey shills for them: http://www.elitetrader.com/vb/showthread.php?s=&postid=1272382

Sounds like Hershey and Spydertrader.:D

The chart poster displays a complete ignorance of all 7 FTT's that resulted in failed BO's. They are conveniently fanned and tacked into the trendline. It is a very comforting thing to do when annotating the market. However, it is completely useless when it comes to real trading. All 7 failed...