Technical Analysis = CRAP

[marketsurfer]

@Proflogic,

There is no "smear campaign", no personal attacks from me, and I certainly didn't "enlist" anyone else. Knock off the threats, mistruths and bizarre claims.

I have not seen the new book but knowing Covel's style-- he will allow each persons own words, websites, and posts speak purely for themselves and allow the reader to decide for themselves. Good luck in your threatened campaign against the publisher as that's how author grievances are handled.

In addition, no need to personally test an objective system. Personal testing assumes subjective methods. An objective method will prove itself or disprove itself by tests without personal input.

Why not just post the results of your tests here for analysis? That would shut up your critics if the tests support your claims. Right?

Peace ,
Surf


Ps. I believe maverick is organizing a island cruise for he and don bright to debate the merits of various trading forms. I will attend--- thought you should be invited to add to the debate---

 

[ProfLogic]

Quote from logic_man:

I'm only concerned with the "logic" of price and time. How that plays out visually is not a part of my decision-making at all.

The day I realized that there actually was some logic to the market's fluctuations was shocking and actually was spurred by a series of bad trades that failed in a highly-specific way and got me to thinking. The nature of that logic was even more shocking, since it required that I start from what I'm confident WON'T happen (show me a chart and I can tell you with about 85% accuracy what price it won't reach. If I could sell naked options in as much quantity as I want, I'd already be the richest man in the world a hundred times over) and build toward exploiting what MIGHT happen. Every trading book I've ever read orients you toward building for what might happen without consideration of what probably won't happen because "what won't happen" to the casual observer, seems like an infinitely broad topic, but, actually, under specific conditions, it's something that can be narrowed down, whereas outside of those conditions, I haven't a fucking clue, pardon my French, nor do I claim one, other than to say that outside of those conditions, you just need to wait for the conditions to emerge because they will. Nor do you see "what doesn't happen" on a chart, so why would you look for it or even consider it? A complete 180 turn was required to get over that hump. I had been studying the markets for quite a while and nothing really prepared me for what I eventually found. Will it last? I don't know, but I do think that for it to become obsolete, human nature would have to change.

You just impressed the shit out of me and validated that great ideas aren't born in a vacuum.

One of my old students reads a chart on the basis of "Where Price WILL NOT Go" and then sell naked options based on that information. We talked and he said said that reading a chart teaches a person to understand "Where price will immediately go" so why not take advantage of the information on the other side of that information.

Well Done!!

 

[ProfLogic]

Quote from marketsurfer:

@Proflogic,

There is no "smear campaign", no personal attacks from me, and I certainly didn't "enlist" anyone else. Knock off the threats, mistruths and bizarre claims.
I have not seen the new book but knowing Covel's style-- he will allow each persons own words, websites, and posts speak purely for themselves and allow the reader to decide for themselves. Good luck in your threatened campaign against the publisher financial times.
Peace ,
Surf

Ps. I believe maverick is organizing a island cruise for he and don bright to debate the merits of various trading forms. I will attend--- thought you should be invited to add to the debate---

A majority of your banned aliases have been verified coming from your ISP. Not by me mind you but from an outside source. The personal attacks you posted from those aliases have all been documented, copied and saved. You say what you want but your own words are your own demise.

You might not have personally enlisted anyone but you didn't help stop the spread of the misinformation you were promoting.

I didn't threaten you what I said was a promise. I am tired of your stalking and harassing tactics by you personally and your other aliases. Only you can stop them. My statements aren't mistruths, they are the truth. Any the only thing "bizarre" is your actions.

I've not seen his new book either but from his posts on this forum and his tactics of attacking individuals that don't agree with his opinions one can only guess at the content. I repeat, I've given him the ability to tell the truth about what I do through testing and he has chosen not to do that. Yes, the public will make up their own minds whether to trust an author that takes statements out of context to sell a book, that sells information found for free on the internet for thousands of dollars, writes books about "Trends" yet when asked to define one, dodges the question and openly ridicules & flames individuals that disagree with his views over a highly respected PhD Forensic Economist with nothing to gain over his unbiased assessment of fact.

Have it on dry land and you have a deal. On the sea with you on board is too much of a temptation to feed the aquatic sea life.

 

[ProfLogic]

Quote from marketsurfer:

[BWhy not just post the results of your tests here for analysis? That would shut up your critics if the tests support your claims. Right?
[/B]

I've posted the results of the data in the past and you ridiculed it and slammed it as being photo-shopped and made up.

Why do you refuse to test it yourself? What better way to answer ALL of YOUR questions than to test it YOURSELF? What are you SCARED OF?

 

[ProfLogic]

Quote from marketsurfer:

[BIn addition, no need to personally test an objective system. Personal testing assumes subjective methods. An objective method will prove itself or disprove itself by tests without personal input. [/B]

Wow, a new way to try to get around testing this yourself. You are a loser of the highest (or lowest) order.

 

[ProfLogic]

Quote from marketsurfer:

The denial from those who refuse to see the truth about how HFT has forever changed short term trading is quite sad. Cling to the charts and continue to lose.

Sort of like the other denials you cling to and refuse to personally validate?

By the way the link didn't work . . . sort of like you.

 

[marketsurfer]

Quote from ProfLogic:

. . I presented a paper at the London College of Business in 2001 and while in London I attended a dinner that Mr. Mulnvaney was speaking. I had the pleasure of speaking to him after the dinner and it was refreshing to learn that we had so much in common:

Long term focus to o

I solidified many of my current opinions after that evening. I have always been a fan of his mindset though not the results of his fund. He's only profitable on about 13% of his trades. That is a number I do not personally find acceptable. The fund is profitable so on that note alone, it is successful.


</b>


What paper did you present at the London school of business? I can't seem to locate any academic papers under your name

Thanks,

Surf

 

[logic_man]

Quote from marketsurfer:

The denial from those who refuse to see the truth about how HFT has forever changed short term trading is quite sad. Cling to the charts and continue to lose.

The HFT canard? Really? Man, that's hacky. It's the equivalent of some trader in the 1800's blaming the sunspot cycle.

 

[ProfLogic]

Quote from marketsurfer:
What paper did you present at the London school of business? I can't seem to locate any academic papers under your name

Thanks,

Surf

That was some time ago but I seem to remember it had to do with price movement and how to recognize the pattern oscillations it creates. It was a just discussion group that was put on by one of the local banks and I made a presentation.

 

[marketsurfer]

Quote from logic_man:

The HFT canard? Really? Man, that's hacky. It's the equivalent of some trader in the 1800's blaming the sunspot cycle.

It's completely true that HFT has changed the market forever. It's bizare that folks will actually dispute this fact. Keep looking at the charts, they will lead the way---NOT!