This seems to be ProfLogic's belief system (followed from this website):
http://www.seminar-shop.com/static/presse/artikel,1518377.html
"I finally settled on the Ergodic (greek for energy) indicator because of its flexibility to perfectly match the movement and oscillation of any Market."
Perfectly?
"The answer was simple, but I had to revert to Physics and good old Albert Einstein to answer it."
Physics doesn't answer anything. Plenty of people have tried using cycle analysis, FFT and other things (John Ehlers MESA is the preeminent one eg - but he has become a flop - check out his eminiz.com performance)
"With this critical information I then developed a PERFECT indicator to show EXACTLY (to the minute) where a Market changes direction:
⢠The bubble bursting in the Market was first warned on September 6, 2000 with the first Prime Resistance Failure in the Market in four years.
⢠This followed by the confirmation of the Bull Market breaking into a Bear Market on November 22, 2000.
⢠The first warning of the last Bear Market completing in the E-mini S&P was on March 14, 2003 with the first Prime Support failure in the Market in three years.
⢠Our current Bull Market was creadted int eh E-mini S&P first with a Minor Bull Trend being created on April 21, 2003 at 10:04 am EST.
⢠The Prime Bull Trend in the E-mini S&P started on may 27, 2003 at 3:13 pm EST. This was the exact time the industry was arguing that the move up in the Market was just a correction in the overall Bear Market.
It is obvious we are in a Bull Market now, but how many people do you know can give you the exact time it started?"
A perfect indicator? This man is full of himself. Why is he so afraid of going mano a mano, if he is so perfect?
"eSignal and Ensign then coordinated the introduction of Volume Bar Charts into their Technical Analysis mix. This is what I had been waiting for."
Most people here on ET think volume is not particularly helpful. Price action is what people follow.
"Because the LogicMethodology(tm) is based on Absolutes, or occurrences that happen 100% of the time in the Market. The LogicMethodology(tm) ELIMINATES the variable effect in trading, and takes the discretion out of the decision process a trader goes through when placing any trade."
Great. Then you shouldn't have to hide or run away anymore. For once in your life, prove that there is more than smoke and mirrors. I notice the lack of an audited track record in your website, though. Surely you are so good, that you shouldn't fear having others see your performance?
"Over the course of my seminar,
we will go into great detail as to how and why this simple approach to trading works flawlessly. You will learn to read the blueprint the ever changing electronic Market presents traders from day-to-day."
How about submitting the flawless blueprint to testing, instead of talking all the time? Why do you keep ducking challenges and demanding the ridiculous? Stand up and trade in front of everyone, instead of hiding behind your claims? Think of what an audited record will do for your "seminars." no more "trust me, a man you do not know." You can say, "See, it works?"
You are a fellow comp sci person. YOu know that they don't put something our without vigorous testing! No project manager accepts "you say it works? Great! let's ship it!!!"
