Technical Analysis = CRAP

[ProfLogic]

Quote from marketsurfer:

We agree on some points.

I have no issue with discretionary TA, and there does appear to be some folks who can make it work by applying intuition and personal skill to the interpretation. In addition, TA is a great analysis and descriptive tool, not to mention subjective TA appears to at times be effective when mixed with other market tools.
My issue is with vendors like Proflogic who claim that their objective TA method, when used alone, produces strong results in the actual markets for years on end. Just take a look at the guys website ( archived on the web ) that shows uncanny accuracy again and again based on objective chart reading alone. These claims are false to the best of my knowledge of the market and how it works. He has stated repeatively that he will show me via the program, now we are waiting for september to be able to test the Price Sentinel chart labeling program.

Ridiculous sounding, but I maintain faith that I might be proven wrong. I would want nothing better! However, i doubt it.

surf

You are a pathological liar and you say . . "to the best of my knowledge"?
You have no first hand information on anything because you can't use Google and can't read English.
Your comprehension of a simple English sentence or question is less than 7 year old and you list yourself as a journalist.

I repeat,

You said you would respect someone YOU picked to review my system and would stick to it. You picked Hombre (any of you out there can PM him and ask him) a few years year ago and after he gave his review you made some snide remark about it and have ignored it since.

You were given the opportunity to test the beta version of my program, you declined making more snide remarks about not wanting to come to the Midwest with a bunch of ignorant farmers to learn how to load and set up the program.

Now when I offer it again, for the full release version, your initial response was that "you would give it to someone else to test", why, because you are a computer illiterate and you ARE ALL TALK. Why do I still offer to let you test it . . . first because I don't have any problems with you or one of you "High Math" people screwing it up and it would still work for you and second to show I stand by my word UNLIKE YOURSELF!

Now, I repeat again . . . why are refusing to answer the questions about Rosenberg? Still having a problem reading English? I know you subscribe to Futures Magazine.

 

[ProfLogic]

Quote from marketsurfer:

Another personal attack without basis.

I'll be happy to post your near "perfect" track record from your website- but wait, that wouldnt' be fair, so I may wait untill September to see the Price Physics program rule the freakign markets!

That isn't a personal attack that is the truth.
I only state it when you post a varifiable blatant lie.

 

[ProfLogic]

Quote from wrbtrader:

As for ProfLogic, I have seen a few message post by him here at ET in the past where he has mentioned (talked about) a few of those other variables I mention above being important to trading or agreeing with someone that mentioned such. Thus, I will assume that TA is not the only reason behind his profits regardless how he markets TA to others here or elsewhere in the past.

Mark

Mark,

My method is fully programmable and 100% objective. I've built money management into the system as well.

For a manual trader there are other factors that always need considered but for a fully automatic system, it is complete (the trades are manually executed though. You are given chart audio, visual chart and email alerts for all trades).

When completed, if you want to test it, you are welcome to, as well.
Bill

 

[logic_man]

Quote from Eddiemorra:

we hit your target!
hope you caught it for 20 points profit or so!

I did, thanks. I take every trade I can on my method unless something gets between me and the keyboard.

 

[wrbtrader]

Quote from ProfLogic:

Mark,

My method is fully programmable and 100% objective. I've built money management into the system as well.

For a manual trader there are other factors that always need considered but for a fully automatic system, it is complete (the trades are manually executed though. You are given chart audio, visual chart and email alerts for all trades).

When completed, if you want to test it, you are welcome to, as well.
Bill

First, I'm very happy with my method and results. Thus, thanks for the offer but no thanks.

The issue for me isn't if a method is 100% objective nor if it's fully programmable into a mechanical alert system. Simply, if it is not "automation trading"...there's discretion element involved by the user although the method is 100% objective.

Simply, if the trades are manually executed as you stated...any flaws with the trader using the 100% objective will have an impact on the results. Thus, there's a discretionary element whenever trades are done manually...that element is the user...not the 100% objective method.

In contrast, an automation system does the trading for you. It places the buys, sells, position size management, money management...you start the program in the morning and come back at the end of the day.

Manual trade execution is NOT automation trading even if the trade signals are 100% objective. Thus, many of those variables I mentioned earlier DO have an impact on the results of a user whenever manual trade execution is the source of executing trades. Thus, the profits are NOT via TA exclusively.

Therefore, out of curiosity, is there a reason why your program isn't fully automated (no manual trade executions) or is it something you'll eventually develop ???

Mark

 

[marketsurfer]

Quote from ProfLogic:

Mark,

My method is fully programmable and 100% objective. I've built money management into the system as well.

For a manual trader there are other factors that always need considered but for a fully automatic system, it is complete (the trades are manually executed though. You are given chart audio, visual chart and email alerts for all trades).

When completed, if you want to test it, you are welcome to, as well.
Bill

Mark is right
Why are the trades manually executed? Something doesn't smell right here. It's clearly a subjective system sold under the guise of objective program. Bogus! As I have maintained from the first time I saw the Near "perfect" track record on the website.

Chart audio? Why not just red light green light like wise trade? Email alerts?

Is this the same thing you couldn't get past the provisional patent stage or is this the noble prize nomination creation?

 

[logic_man]

Quote from marketsurfer:

No question, that was one good Guess so far Kudos to him. But several months of accurate calls, like I have demonstrated in the past, should be no problem for the TA crowd.

Read altucher book trade like hedge fund and winner take all by Gallacher. You are on the wrong road with TA.

Interesting that you seem to assume you know how I reached that target, i.e. I "guessed". OK, apparently you're a mind-reader in addition to all your other skills.

 

[Red_Ink_inc]

Quote from ProfLogic:

you declined making more snide remarks about not wanting to come to the Midwest with a bunch of ignorant farmers to learn how to load and set up the program.

Geez Surf, did you really say this? You'd think a guy as rotund as you would be rather grateful to Midwestern farmers. Don't bite the hand that overfeeds you.

 

[marketsurfer]

Quote from Red_Ink_inc:

Geez Surf, did you really say this? You'd think a guy as rotund as you would be rather grateful to Midwestern farmers. Don't bite the hand that overfeeds you.

Of course I never called farmers ignorant. My ancestors were farmers, it's a noble profession in most cases.

However farmers can be ignorant of the financial markets making them easy targets of system sellers.

Surf

 

[Fireplace]

Ouch

Quote from Red_Ink_inc:

Geez Surf, did you really say this? You'd think a guy as rotund as you would be rather grateful to Midwestern farmers. Don't bite the hand that overfeeds you.