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Technical Analysis = CRAP
- Thread starter Frits
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Quote from wrbtrader:
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
My method is both fully automated and manually assisted.
I don't offer the fully automated version to just anyone for obvious reasons.
The manual version doesn't have the limitations you would expect though, regardless of what you may think of manual systems.
Quote from marketsurfer:
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?
Audio alerts are for lower life forms like yourself that needs a computer to tell you to execute a trade because you are bright enough to push a buy or sell button yourself.
Remember the computer is far more intelligent than you are. It takes instruction very well. It knows through a learning process what are profitable set ups and what aren't. You haven't figured than out yet even after all these years.
You aren't even bright enough to work Google . . . and you call yourself a journalist.
Why are you refusing to answer the questions you were asked? Too hard for you?
Anna sure got a prize with you. A pathological liar that is a lower functioning illiterate. Do you think you will ever be the bread winner in your click?
Quote from logic_man:
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.
He assumes everything and knows absolutely nothing. That is his MO.
Everything he does he accuses others of doing. He is a sociopath.
Quote from Fireplace:
Really? Wow, that speaks volumes about Surf's true intentions :eek:
Hombre's review was honest. It was in the early stages of me piecing the method together but the foundation was solid. That is what he stated to surf and in the thread.
Surf has ZERO integrity and ZERO honesty. He a superficial ass of the highest order. He is only interested in one thing . . . himself.
The low life got banned from this site for posting links to his website numerious times. After being warned over and over again (he has a problem thinking rules don't apply to him). He finally got banned. So then he thought he would come back and continually harass and stalk me by creating new aliases. Here is a partial list of the banned aliases. Check out the posts under these aliases. A majority are directed at me. He's obsessed:
Basquiat
Polandspring
Patrickblake
Skittremblant
Chefbusboyrde
Upsidedownamill
Hamstercutiesam
Slapshott
Themachineus
Wildskier
pullback now
Pizzaboy
Carboncredit
Alienatedsurfer
Hylifejoker
corelove
Hobophobia
Nastyrabbit
Texasdj
Outernationalgg
equitybuyout
Vertunyc
Baron finally left him back in here when he went begging that he wouldn't do it anymore. Lying piece of shit. Baron knew he was good for increasing page views because he is a trouble maker. He's not happy (or getting paid) unless is stirring up trouble and causing a flame war.
You are trash surf . . . you have no redeeming qualities . . . zero zip zilch.
Quote from ProfLogic:
You absolutely did you lying bastard. You know jack shit about what education the modern farmer possess. You pass yourself off as an intellectual but are as ignorant as they come. It's no wonder you failed at day trading, failed at TA and got fired from the hedge fund. You are an idiot.
I was going to get this as Central Illinois is in the Heart of the Heartland.
Surf, farming is a high tech industry run by multinational corporations. It would do you well to study how your food gets to your supermarket. The corn and beans farmers that I know are all very astute when it comes to hedging in the commodities markets, and yes, and lot of them use some kind of chart.
I was present for the Hombre/Prof/Surf exchange.
Here is the thread.
http://www.elitetrader.com/vb/showthread.php?s=&postid=983258#post983258
Here is the thread.
http://www.elitetrader.com/vb/showthread.php?s=&postid=983258#post983258
There's no report from Hombre about attending a PP seminar in that thread - ?
Quote from RCG Trader:
I was present for the Hombre/Prof/Surf exchange.
Here is the thread.
http://www.elitetrader.com/vb/showthread.php?s=&postid=983258#post983258
Thanks for posting that link. Folks can clearly see how I only respectively question the claims but am countered with personal attacks and invites to tradeathons or magic shows. Is hombre another Profligic alias? I did not see where he verified, tested or confirmed these claims but I did find this gem from proflogic
<b>It is near impossible for anyone to be correct in their trading outcomes 100% of the time. It IS possible that a person's trading DECISIONS can come very near 100% accuracy though. Even if a person's trading DECISIONS are 100% accurate (based on the CONFIRMED direction the Market is going at any given moment) that doesn't mean they will be profitable 100% of the time. If the Market begins to consolidate immediately after entering a trade, the potential of a small loss exits but when you assess the Market from strict parameters, you will realize the Markets only unmanageably consolidate about 10% of the time. These again are things a traders verifies for themselves. It is nothing they blindly "trust" from being told by someone else.</b>
Incredible psychobabble.
As you can see in the posted thread, it's been at least 5 years of invites to magic shows, third world types trying to do due diligence, and outrageous claims. One of these claims made it as a section in Covels new book--- supposedly some more will be featured in his followup effort. Seriously, you can't make this stuff up-- truth is stranger than fiction.
Wow, he's a nut! :eek:
Quote from ProfLogic:
Hombre's review was honest. It was in the early stages of me piecing the method together but the foundation was solid. That is what he stated to surf and in the thread.
Surf has ZERO integrity and ZERO honesty. He a superficial ass of the highest order. He is only interested in one thing . . . himself.
The low life got banned from this site for posting links to his website numerious times. After being warned over and over again (he has a problem thinking rules don't apply to him). He finally got banned. So then he thought he would come back and continually harass and stalk me by creating new aliases. Here is a partial list of the banned aliases. Check out the posts under these aliases. A majority are directed at me. He's obsessed:
Basquiat
Polandspring
Patrickblake
Skittremblant
Chefbusboyrde
Upsidedownamill
Hamstercutiesam
Slapshott
Themachineus
Wildskier
pullback now
Pizzaboy
Carboncredit
Alienatedsurfer
Hylifejoker
corelove
Hobophobia
Nastyrabbit
Texasdj
Outernationalgg
equitybuyout
Vertunyc
Baron finally left him back in here when he went begging that he wouldn't do it anymore. Lying piece of shit. Baron knew he was good for increasing page views because he is a trouble maker. He's not happy (or getting paid) unless is stirring up trouble and causing a flame war.
You are trash surf . . . you have no redeeming qualities . . . zero zip zilch.
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