Proflogic method - successful?

ProfLogic · May 17, 2005

Quote from Equalizer:

No Prof, very simple actually.

And I am not questioning your methods in general either.

The point I was making, which was directed to KT, was that one must be careful not to start believing such things as "market perfection".

The market can and will do what it wants when it wants, without regard for your Dow theory approach or whatever. Thats all. Protect your capital at all times. Think otherwise and you could be playing a very dangerous game.

PS. I am not having a go at you. So don't get upset. I just disagree with this "market perfection" thing, thats all. And I can see why newbies will be intoxicated with such a concept - making it even riskier for them...

Sorry, No I agree. I have the utmost respect for the Market. It is ALWAYS right. If you listen to it and read it's price movement you will profit, if you argue with it, it will squish you like a bug. Rule 1, make profit . . . Rule 2, protect profit.

snooptrader · May 17, 2005

Quote from ProfLogic:

Sorry, No I agree. I have the utmost respect for the Market. It is ALWAYS right. If you listen to it and read it's price movement you will profit, if you argue with it, it will squish you like a bug. Rule 1, make profit . . . Rule 2, protect profit.

Rule 3, sell seminars.

:eek:

OK, I am done busting balls. Good luck to everyone - even ProfLogic.

ProfLogic · May 17, 2005

Quote from easyrider:

Prof

I know you think I am an enemy but I am not. I am totally open to new material. As I said once before it appears to me that you are trading continuation patterns in a trend defined by your series of cycle points. What I fail to understand is what makes your method different? I too, trade minor osciallations within larger oscillations and Im sure a lot of other people do too. Could you possibly post a chart showing a couple of entries and exits you made that many others would not have also made under the same conditions.

Mak

Maybe you could help us understand what Prof is doing that is different and revolutionary. Seriously I would like to understand.

It probable is quite similar to what some may be doing but my parameters are perfectly consistent, rules are perfectly consistent & charts are geometerically perfect. I don't have multiple indicators because they are self defeating. I'll post a chart later, getting on airplane later today.

ProfLogic · May 17, 2005

Quote from steve035:

Agreed, since when is using a string of hh - hl or lh-ll to define a trend revolutionary? Is it his 'perfect' indicator that's the key? This is where I see a yellow flag, what he appears to be teaching is basic stuff that every trader should learn but selling it as the holy grail, or trading perfection seems oriented to sucking in newbies looking for some trading salvation, thus my concern that it's just another snake oil product. Maybe it is the grail in it's purest form, but posting an abolutely perfect trading record that's obviously based on the benefit of hindsight seems misleading.

I'm naive to his method so I may be way out of line but how is creating some proprietary "patent pending" terms to common market price action any different than woodie or the creations of any other guru that in the end only delay traders from really learning how to trade?

btw.. what's "worlds only patent pending trading methodology" really mean, is it in the review status or simply that you've submitted an application which anyone could do if they so desired. If it's pending reveiw what's the patent # so we can check it out, just to make sure our own processes don't infringe How do you know it's the "worlds only"? Gotta admit the statement sounds like something right out of an infomercial. Will we see you soon on the 3:00-4:00am ad slot?

I say the say thing to you as everyone else. If what I teach is basic stuff that you already know, then why aren't you trading it? The reason is you don't have an indicator to allow you to see the perfect consistency of it and are too lazy to research it's use to confirm it accuracy.
You can't arbitrarily send a patent in for anything. You have to show proof it's a viable process before they will even accept the provisional.

toc · May 17, 2005

One question to Prof, why are you giving seminars in Asia, why not in US or Canada? Something to do with CFTC rules. It would take $1500 easy to catch flight to Singapore.

ProfLogic · May 17, 2005

Quote from easyrider:

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.

It has nothing to do with calling tops or bottoms. It is confirming the direction of price based on a consistent Overall Trend & Trading Trend.

ProfLogic · May 17, 2005

Quote from taclander:

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.

He hasn't done well. He's broke. He had to come out of retirement to do seminars because he can't trade with any consistency. His drawdowns are huge.

ProfLogic · May 17, 2005

Quote from sunnyskies:

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?

Posted a bunch of charts on ET. When you become bright enough to find them let me know.

ProfLogic · May 17, 2005

Quote from sunnyskies:

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?

There is a portion of traders out there that can't learn this for whatever reason. Does that mean it doesn't work? Absolutely not. I tried to learn JAVA and HTML and gave up because I just couldn't grasp it. Does that mean JAVA & HTML doesn't work. That is a ridiculous statement because you can see & use the internet and WebPages that make it up but the statement is perfectly comparable none the less. I was frustrated that I couldn't learn it but didn't seek out others that couldn't learn it to start a support group, I realistically accepted it and got over it.

Your comments our infantile.