ProfLogic's Method

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Quote from eurohunter:

I started with the prof years ago back when the main chart was a 777 tick chart.
I have been though all the changes he has made to his method from that point to now.
I made many friends in his chat room.
I have not talked to anyone that has ever made money with his method on a consistent day in day out basis day trading.
Now the focus is on swing and position trading. It is much easier to do this than day trade if you have the stomach for the large stops involved.
I made several changes to his method before I started making regular profits day trading.
His method is logical and there in is the problem many face. It sounds perfect why cant I make it work.
Before paying $8000 for a course I would ask to see trading statements from those that use the method.
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This is pretty amazing since I've never charged $8K for a seminar & I've never changed anything (improved presentation and structure but never changed). The transition from tick charts to Constant Volume Bar Charts was a huge improvement and that was 6 years ago. The structure is identical from Tick charts to CVS bar Charts as well. This I can verify by the text books and instructional material I used in the beginning and I use now are identical in content just better presented. Stops are relative to consistency and aren't arbitrary. Traders think the larger stops from longer term charts are more risk but I have case studies from Purdue University that disagree.

Traders traditionally lack patience to follow anything through. They want instant results so they are constantly looking for shortcuts. I can't say for sure but I would imagine that is the case for you. I doubt you will ever email me to discuss this so this is my conclusion. I have many many traders that are profitable daily, weekly and monthly, depending on their trading styles but bottom line, if it works for you . . . great. If it doesn't work for you . . . sorry but show me why. I have yet to have a single trader show me why it doesn't work from their own practical experience.

Here is an email I recieved this morning from a student. If any of you would like his email address, PM me with your email address and I will send it to you. He is a live person living in New England.

Dear Bill,

in the last two months i was having a lot of difficulties, trading, because i did not fully got my mind around the"perfect trade", so little by little
i started drifting trying new things, as well as old tricks....Disaster

Disaster and a half blown account brought me to a sense of desperation and search very intense. i stayed up a lot trying and trying but ..I was .lost.

Finally i retook the perfect trade setup and somehow ...I thank the Lord..He opened my eyes and i saw it perfectly clear. In a whole new light the sequence of events and decisions took form and became real to me.

So i started again in the simulator and than in the real account..i caught the 16807 ES short of Thursday afternoon and the March soy shorts this week 3 in a row.

I see for the first time PPF to breaches perfect setups all over the place...and for the first time i am dealing with my lack of patience in the markets.

Thank you from the very bottom of my heart for your hard work. I still have a long way to go, no doubt. but what hope. what future, what good can come of this.

I really admire you because you had the courage to deconstruct the markets...lined up all the elements...changed some of them and reassembled them in a form that makes sense and works. and you gave 12 to 14 years to the process, So who cares it took me 6 months.

Looking forward to work some more with you
Thanks again
your friend
Stef
 
I request a PM from individuals I am sending MY personal indicator to and the password protected indicator that resides inside some of the software programs available today. I have a right to know who is using MY personal property so if it gets passed around I know who is sharing personal information.

I don't mind sharing but I have stated in the emails I send people, "Please do not share this as this is my responsibility." So far in this thread I have shared my indicator with over 40 people and none of them paid a nickel but I'm about to stop. It is a waste of time for me to defend giving this away for free when people like Mandlebrot, Sushi, Equal or to lazy to verify for themselves that the tools work or not. They simply want to be
"Tread Cops" and puff out their chests.
 
Quote from voodster:

stevesbg,

I agree. I also stated the method was working for me and it was ignored, but as soon as someone says they've struggled with it the trolls take that as evidence the method stinks. You can't win.

I joined this thread to converse with other Logic traders, not to have to prove to outsiders that it works. Isn't there a place where like-minded traders can freely discuss the nuances of their methodology?

As for the ones struggling with it, I don't know how much effort they have put into it, but if they have tried and are unable to make money with it it doesn't mean there is no hope. Sometimes being shown a few things can turn things around for somebody. Unfortunately the discussion always gets thrown off track.

Let's say Prof didn't even participate in this thread, are we to believe that we would be left alone? So this didn't turn to garbage because a few individuals were calling out the vendor - some people are just very negative. I don't know Mandelbrot, but I expect his 5000 posts on ET are of a similar tone to what we've seen here.
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Voodster,
You have been following my stuff for awhile . . . have you ever taken my class? Have I ever charged you anything for the hours of help I have given you, access to my indicators or other information?
 
Quote from ProfLogic:

Voodster,
You have been following my stuff for awhile . . . have you ever taken my class? Have I ever charged you anything for the hours of help I have given you, access to my indicators or other information?
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I never paid you for the course. When I asked you for the indicators you gave it to me free as you have here on ET.
 
Is it me or is today difficult on the 2401? Nothing but losers for me (granted, I've made a few mistakes) . . . but even the legit ones
 
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