Always Trending & Choppy

Oh yes he is! I just spent the afternoon hacking his two websites and reading a lot of what is on EliteTrader.

He is mad. Bitstream and others are picking on him.

His website is making a lot of claims. Anybody got $4500 plus hotel and air to go see what he is selling??

AND, professor, I already do your market turns myself. I just have to ask volente!! :D
 
But you contradict yourself:
  • Quote from ProfLogic:

    "Personally ... I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns ..."
:)
Quote from ProfLogic:

I've heard people say that the Markets trend only 15-20% of the Time and move sideways the rest of the time. Those individuals can not define the trend.

Here is the E-Mini S&P from last April to current. You tell me if you could trade this having this information in real-time. Oh those labels, both on the price bars and the indicator are created in real-time. Trends only exist on the particular chart you are looking at as well. One chart at a time.

No spiritual crap here. The foundation of the information that went into creating those has been around for over 100 years and it has absolutely nothing to do with Fibonacci, Elliott or Gann. You just have to open up your brain instead of a book.
More...
 
"..around for over 100 years.."
All this lagging higher lows/highs or lower highs/lows stuff is old hat from Dow Theory as is the primary trend concept.

Anything older, and you'd have to be using the Dead Sea Scrolls as your trading manual.
:)
 
Went back and read some history, as this looked interesting...

Not sure what is so controversial. Markets oscillate - check. (Even if it looks flat on one timeframe, it is osc on a lower one).
Markets have direction - check. ( Duration and magnitude are another matter). Markets form support/resistance highs and lows - check (if they didn't they wouldn't be oscillating - it would be Dumper to Hell or "Bang/Zoom Alice!").

I guess those indicators are for momentum/divergence, direction and swingpoints...

Going to have to check into the accuracy of how volume bars are calc'd on my charts after reading some of this stuff...
 
Quote from patoo:

Oh yes he is! I just spent the afternoon hacking his two websites and reading a lot of what is on EliteTrader.

He is mad. Bitstream and others are picking on him.

His website is making a lot of claims. Anybody got $4500 plus hotel and air to go see what he is selling??

AND, professor, I already do your market turns myself. I just have to ask volente!! :D
More...

Nice to see you have time on your hands doing internet B&E's.
Class is over. No longer offering courses.
Glad you already see what I do. You're a smart person that figured it out. Congratulations.
 
Quote from ElectricSavant:

look Folks the deviations of movement can define some stuff...prof had two pages of rules on his website, which I printed out a year ago when he let me peek...carry on Prof

This is when I realized that there is something to his work...its just that I do not have the time to spend a few years digging deeply and forward trading...

I just like to banter with him so he does not forget me...cause someday I will ask his permission to research with him and hopefully have something to give, Lord Willing. I am sure Prof could keep me busy, as I like to prove everything...Hypothesis is just an opportunity to prove...

Michael B.
More...

When you are ready, I'll show you.
 
Quote from cnms2:

But you contradict yourself:
  • Quote from ProfLogic:

    "Personally ... I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns ..."
:)
More...

There is no contradiction . . . that was sarcasm. Here is the whole post so everyone can see that you took the phrase out of context. Perfect example of why I don't teach anymore.

"Personally I like the above but I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns and saying prayers over a picture of Larry Pesavento and Larry Williams hugging at a trade show. Then with all my resources in front of me, I add a pinch of MACD, sprinkled with a smidgen of Stochastics, a touch of RSI and, least we forget, Woodies CCI Room & Kingfishers Room playing in the background. When they all line up on 8 separate minute charts, the Moon & Venus line up over Bob's house and then someone in Woodies Room screams SELL . . . I BUY. When they all diverge in perfect unison and I hear Kingfish mutter BUY. . . I SELL.

Needless to say I don't make many trades but it sure is a lot of fun.

Sorry guys . . . I couldn't resist."
 
ohhh you know Bob too?


Quote from ProfLogic:

There is no contradiction . . . that was sarcasm. Here is the whole post so everyone can see that you took the phrase out of context. Perfect example of why I don't teach anymore.

"Personally I like the above but I first spend 5 hours before the Market opens studying Fib numbers, Elliott wave patterns and saying prayers over a picture of Larry Pesavento and Larry Williams hugging at a trade show. Then with all my resources in front of me, I add a pinch of MACD, sprinkled with a smidgen of Stochastics, a touch of RSI and, least we forget, Woodies CCI Room & Kingfishers Room playing in the background. When they all line up on 8 separate minute charts, the Moon & Venus line up over Bob's house and then someone in Woodies Room screams SELL . . . I BUY. When they all diverge in perfect unison and I hear Kingfish mutter BUY. . . I SELL.

Needless to say I don't make many trades but it sure is a lot of fun.

Sorry guys . . . I couldn't resist."
More...
 
Quote from Cheese:

"..around for over 100 years.."
All this lagging higher lows/highs or lower highs/lows stuff is old hat from Dow Theory as is the primary trend concept.

Anything older, and you'd have to be using the Dead Sea Scrolls as your trading manual.
:)
More...

If you know that then you know the only thing Dow and his followers never did was to define the Primes. I do.
That and the price oscillations occur in real-time, they don't lag. The indicator, which only verifies, lags. I don't trade the indicator I trade price. But as I've said before . . . what you don't understand . . . condemn and ridicule. Makes one feel better.
 
You must log in or register to reply here.
Back
Top