This thread intrigues me. The excitement it has seemed to generate from everyone is expected. A few easy rules and whola!..... money machine....
Here are my thoughts...
1) The methodology will lose BIG money over time
2) If PM has made money, he states that he doesn't trade all the time. It's his stroke of Random Luck that he has hit the pockets of times when the methodology works
3) Why doesn't anyone test?
4) Why doesn't anyone test?
5) Why doesn't anyone test?
6) There is no magic set of indicators, magic combo of indicators that will pull money out of the market ALL the time
7) Markets are dynamic, about the only thing that stays the same is the spacing in time and price between data points
8) Patterns in indicators come and go
9) Learn from this thread, learn that No_PM has applied strict money management around his methodology
10) Learn that any method at some time will be profitable
11) Learn that it is positive expectancy either through accuracy or solid risk:reward that makes money
12) This method only has solid risk:reward, unfortunately its accuracy is way too low to achieve profits
13) Its a negative expectancy
14) The very nature of releasing an "edge" alters the edge's balance in the market place. The more people know, the less effective it becomes. No way around this.
15) If NO_PM really had an edge, why in hell would you release it
16) Making money in the market requires a positive expectancy, experience, and emoitional control
17) Unfortunately, the industry is moving towards systematic trading.... strategyrunner.com.. so more and more people are looking for the next system
18) Go read Marketsurfer. His buy on the crisis play is what people should be trying to learn how to do....
19) Read minyanville.com... Harrison while being bearish has the thought process of a trader...
20) Wish it was as easy as some companies and authors put out that buying a system makes money automatically
Good luck...
BTW, the system has been tested over 4 years of data, long and short side... its a consistent loser.... sorry guys but I had to have my guys test it.... it just seemed too easy....
Here are my thoughts...
1) The methodology will lose BIG money over time
2) If PM has made money, he states that he doesn't trade all the time. It's his stroke of Random Luck that he has hit the pockets of times when the methodology works
3) Why doesn't anyone test?
4) Why doesn't anyone test?
5) Why doesn't anyone test?
6) There is no magic set of indicators, magic combo of indicators that will pull money out of the market ALL the time
7) Markets are dynamic, about the only thing that stays the same is the spacing in time and price between data points
8) Patterns in indicators come and go
9) Learn from this thread, learn that No_PM has applied strict money management around his methodology
10) Learn that any method at some time will be profitable
11) Learn that it is positive expectancy either through accuracy or solid risk:reward that makes money
12) This method only has solid risk:reward, unfortunately its accuracy is way too low to achieve profits
13) Its a negative expectancy
14) The very nature of releasing an "edge" alters the edge's balance in the market place. The more people know, the less effective it becomes. No way around this.
15) If NO_PM really had an edge, why in hell would you release it
16) Making money in the market requires a positive expectancy, experience, and emoitional control
17) Unfortunately, the industry is moving towards systematic trading.... strategyrunner.com.. so more and more people are looking for the next system
18) Go read Marketsurfer. His buy on the crisis play is what people should be trying to learn how to do....
19) Read minyanville.com... Harrison while being bearish has the thought process of a trader...
20) Wish it was as easy as some companies and authors put out that buying a system makes money automatically
Good luck...
BTW, the system has been tested over 4 years of data, long and short side... its a consistent loser.... sorry guys but I had to have my guys test it.... it just seemed too easy....