The only thing that I can think of that would be extremely useful is if Prof means that he can identify what he calls a prime hi or lo with great accuracy in which case you could trade pullbacks to the next prime with complete confidence. This, of course, is calling tops and bottoms which Ive never seen anybody do with consistency. If this is the case then if Prof would call the next few primes as they happen I would become a believer.
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Proflogic method - successful?
- Thread starter downtickboy
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Quote from Champion:
Proflogic method - successful?
No.
Higher highs/higher lows and lower highs/lower lows is all historical backward observation in realtime. Produce or find something successful.
Easyrider et Al...
Here's a link to one of the days in which I applied Prof trading...
http://www.elitetrader.com/vb/showthread.php?s=&postid=741703#post741703
Note well that I DID NOT use any indicator. Just the chart from the link above. Just overlay the LL/HH/HL/LH stuff with the red and green. If you can't make that effort, it will pointless to furthur discuss. Trading always has it's belief elements. The more difficult aspect of anyone's trading will be convincing themselves. Until one can do it for themself, they will never be convinced nor believe. Right off the bat there are plethora of people who just don't believe. If you start from a different end and just approach new material as what is here that I can learn, you will find out a variety of ways in which you can begin to grow. Ridicule me for not having the indicator, that is ok and largely irrelevant. If none of this stuff is new to people, even better, so get cracking and start earning. The difficult question to answer will be why then is this working for us and not others. You see my slant on Profs work (ie. no indicator) whereas he does. We recognize the same things because of what we know always occurs (ie. cycles). Matter of fact, my lines are ultra lagging... Consider the questions in the link...
Red Line, Green Line...
I know everyone loves to rip Larry Williams, and I probably agree, only reason I can't say for sure is he's actully one of the few gurus I never looked into for some reason. At the same time he did put himself up for public display and does with his seminars, where at least according to the bulletins I get he trades live. He also put his duaghter in that Robbins competition years after his run, and she did very well also. I hesitate to rip him as a trader when he has put up in public and done very well. At the same time he does come off as a snake oiler like most of the rest of the vendors, but at least he has a real record.Quote from ProfLogic:
[B. I attended a Larry Williams preview tonight and let me tell you it was pathetic. If there ever was a "caning offense", that was it. I never heard so many lies come out of one man's mouth, other than a politician, in years.
I need to prove nothing to no one. Academia has vindicated my research in spades. I did what I did with my site to help traders and got slammed for it. People just couldn't understand the importance of 10 years of untainted focused research. So be it. Site Closed and the hecklers and flamers can pound sand! [/B]
Quite agree that LL/LH/HH/HL is helpful observation of any chart but it is bog standard and peripheral. To start in on any market you have to know what to expect with the days template predicted from a set of parameters.Quote from makosgu:
..overlay the LL/HH/HL/LH stuff..
This is far away from what any concepts of independent individual traders and what they do or are doing.
Quote from easyrider:
Mak
Thank you very much! The first time I looked at that chart I did not get it. I think a light bulb just went off this time. I will let you know.
NP. I hope alot of light bulbs go off. Prof was the first to turn on any lightbulb in my head. What prob makes things even harrier is that I also have a Grob109 slant on the very same chart... Another beloved ETer who people for some ridiculous reason love to jump on his back about and he doesn't even charge for anything... Apparently, you just can't win in ET. Alot of sick people in this ET institution. Perhaps one day, I can take a real initiative to do residency here and start hauling or overhauling as the case may be.
Kindest Regards...
Prof, noone knows what the f you purportedly do, OK? You have never clearly described ONE example with a chart. Never you posted tons and tons of crap, but I will bet you $100 there's not one ETer who can clearly explain and illustrate what you do. It seems that your whole purpose here is to stoke enough interest in your method so people bite the $300 or whatever fee.
Yea HL HL - great. How/where exactly do you enter? Where do you exit? I guess if we wanna know that... $300, right?
Yea HL HL - great. How/where exactly do you enter? Where do you exit? I guess if we wanna know that... $300, right?
Quote from ProfLogic:
Ok, here is THE string of oscillations my method created to designate the Overall Market Trend for use in intraday trading the E-Mini S&P in realtime since 03/07/05.
03/07/05 - 12:41 pm EST - HH - HL - LH - LL - LH - LL - LH - LL - LH - LL - LH - LL - HH - HL - HH - HL - LH - LL - LH - HL - HH - HL - HH - HL - LH - LL - HH - HL - HH - HL - HH - HL - HH - LL - LH - LL - LH - LL - HH (Current @ 1167.75 and heading down to Challenge extreme Support, last LL)
Trend will continue until the Market creates an illogical oscillation stopping the trend or sting until the next oscillation is created.
I teach taking ONLY the minor oscillations(or extreme oscillations on a trading chart), in between the extremes on the Overall Trend Chart, in the direction of the Overall Confirmed Trend. Too hard . . . sorry can't get much simple then that. If you can't get close to perfection with this, there is a problem. Now confirm it works in realtime over 10 years.
Done with this. Time for bed!
And people who signed up with you posted here and said you're full of it - what do you say to that Mr. Market Perfection?
Prof went short at 1165; we are now at 1171 and the close of the trade has not yet been posted.
I'm sure the trade will be a break even one when he will be posted.
That's how you build such a theoretical track record.
This also explains why he is not eager to post in realtime.
It's not 300$ anymore. The CFTC probably warned him to stop selling advice. That's probably where he knows the lawyer from, he had him probably on the phone.
But you can still suscribe for 3000$ on a seminar.
I'm sure the trade will be a break even one when he will be posted.
That's how you build such a theoretical track record.
This also explains why he is not eager to post in realtime.
It's not 300$ anymore. The CFTC probably warned him to stop selling advice. That's probably where he knows the lawyer from, he had him probably on the phone.
But you can still suscribe for 3000$ on a seminar.
How much you wanna bet his record shows he took profits and went long at 60.75? See I can make these calls too and I didn't pay the $300. But.. was it perfection or hindsight?
Quote from spike500:
Prof went short at 1165; we are now at 1171 and the close of the trade has not yet been posted.
I'm sure the trade will be a break even one when he will be posted.
That's how you build such a theoretical track record.
This also explains why he is not eager to post in realtime.
It's not 300$ anymore. The CFTC probably warned him to stop selling advice. That's probably where he knows the lawyer from, he had him probably on the phone.
But you can still suscribe for 3000$ on a seminar.
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