Trading opinion is really like religion: my god is the only correct one and if you don't believe in her then your are wrong and will go to hell (loose money trading)
It hard to take any of this very seriously without performace metrics and the trades that created them.
It hard to take any of this very seriously without performace metrics and the trades that created them.
Quote from New2thegame:
Jack,
I don't want to deride this thread, but I suppose I need to play it as it lays; in this thread.
I'm new to this realm, relatively speaking so I haven't come to many conclusions as your words seem to suggest. While it doesn't seem unreasonable that the market is composed of fractals, I have no current basis (other than your word) to take this and their relationships as truth. That said, I've never heard acrary mention fractals so I'm not immediately convinced he and you are on the same page. Maybe he will clarify? If you both, or anyone else on ET that's profitable are trading the one universal truth you refer to, it is very clear that you communicate it via extremely different means. I suppose what I'm saying is: While I have no doubt that acrary has discovered some powerful things, I have no reason at the moment to believe they are those same things you live by.
While I'm new enough, and perhaps naive enough to consider a great many things at this point in the game, your posts always seem to imply, albeit indirectly, that there is only one way that the market operates. Assuming you are correct in this assertion, is it safe to assume that anyone not using your methods can't be profitable consistently? If they can, how do they manage this by way of these simple truths you speak of escaping them? Is it that they are using said universal truths without even realizing it? I'll consider it a possibility for discussion's sake.
It's your interpretation that acrary concurrently trades his models so perhaps you can opine as to why he has the need for a classification of general market theme model?
What market variables are you referring to use in place of an edge or price?
You've stated in the past that there is no reason to hide anything in the markets since you've never seen anything useful by your standard get gamed by too many knowing of or operating it. If that is so, how about a nice step by step post explaining a bit of clearly written theory followed by color-by-numbers examples of what it is that you do precisely? If it's real and it works, then this should be easily demonstrable, correct? Would you be willing to do this? I can connect dots with clear instructions. If you choose to insinuate that this will remain above my head, please at least say so in clear enough terms that I can properly defend myself.
What belief system is it that you are so convinced that I have? We've gone back and forth about the whole conventional wisdom thing. If I were entrenched in CW as you assert then I wouldn't be trying to be a trader. I would "know better" and realize it wasn't worth the effort. I believe some of my early harsh comments in my first thread left a strong impression. CW is all I knew to come in with, but I intend to leave here making money whether that's any consequence of ET or not. If you, acrary or anyone here shows me something worthy of consideration, I will take it seriously. You demonstrate something that clearly works and is axiomatic and there is nothing left to fight. Show me, show us all. For those who may think to remind me, I know that no one owes me anything. All I can do is ask. I am asking....
You spend a great deal of time telling others what they are doing incorrectly and perhaps more time stating what others could be doing correctly, but not in a way that allows them to correct their mistakes. You may not intend to (I'll provide benefit of doubt) but your posts often reek of elitism. You either believe we can't learn(ridiculous), don't want us to learn (intended obfuscation, after all, some would say we are your competition. I know, not you though), or are just flexing your presumed intellect in poorly chosen prose for your own edification on his board. If you choose to speak in code, you must expect others to question you, your intent, or your goods. Once more, show me something I can act on 5 minutes from now, and I may just surprise you.
D