Quote from traderNik:
ehorn, thank you for the sincere reply, I appreciate it. I'm also trying hard to convey the fact that although I have doubts about the reality of calling every swing of every move at the exact top or bottom as shown in the chart that the others posted up, I do not for a second believe that someone couldn't develop a profitable approach to the markets using the [fill in the blank, whatever you call this] principles.
Where I do disagree strongly is with regard to the idea that there would be no use in posting up a real time example of the system being traded. A couple of points. Spyder and Jack have spent literally thousands of hours responding to people who question the method. Instead of doing this, they could simply post a one sentence response to anyone who questions the method. It would consist of a link to either a Camtasia recording or a thread where trades were given with time stamps.
Furthermore, for each of the reasons you give for not posting proof of some kind, I could give an equally compelling reason why it should be provided. Sure it's true that most people couldn't trade it even if they saw it being traded successfully. That's not really the point. The point is to provide some proof that they system is tradable. We are all just anonymous internet personnas who can write whatever we want.
The real question is, why not do this? It would be revolutionary. If they could show SCT (or whatever it's called) calling the tops and bottoms of every move of every swing through the day, what could better explicate all the amazingly involved work they are doing on the threads? The readership of the threads would go through the roof. If they don't want to popularize the system, why in the heck are they spending years doing this for free? If they do want to popularize the system, what better way to do it than to show that it works? Sorry but even though you seem very sincere, I can't take it for granted that you even trade, much less trade successfully, much less trade this method successfully, catching every swing and taking xx times the ATR out of the markets every single day, or even the ATR out every day, or even 1/5 of the ATR every day.
In the end, the question is not 'Why post up this information'. The real question is 'Why not post it up' and silence all the critics once and for all? Also, it would be an fantastic teaching tool since it would provide incredible motivation for the students. I know if I saw a Camtasia video with voice-over showing Sypder or Jack trading the Thursday market that nkhoi posted up, and taking each of those trades, it would literally change my trading. I would have to readjust my schedule for the next 6 months and undertake a rigorous and in-depth analysis of the method and then I would have to try to deploy the strategy myself. That's the point, right? To teach Jack Hershey's methods?
That appeals to my sense of humour Tums, I posted the link on the very first page.
