Quote from MildlyPerturbed:
I've been reading this journal, and a slew of affiliated threads, both on ET here and on other sites where Jack has posted in prior years...and a few questions occurred to me to ask the assembled masses:
1) Obviously there are a number of people who are taking this method seriously and trying to learn it (myself included so far anyway), and yet, I see no one, after several months, who can claim to even be knocking down 1/5th the daily range (15.00 pts or so ATR so far this year give or take, so 3 pts daily), let alone the 2 to 3X daily range that is claimed as an expert level. Why is it that no one has suggested that 5 or 10 or 15 "followers" for lack of a better term, arrange to set up a mIRC room and work on this stuff in Real Time, together, each day for a month, and see what happens. After the fact postings will always be after the fact...live real time discussions on such topics as: is this a vdu area? what channel are we in? what fractal are we agreeing this should be viewed on? are we CCCing? are we reversing here? Couldn't that only serve to at least bring everyone some new ideas ? And just maybe, a tiny bit more cohesive success?
2) If Jack is even getting 1.5 the ATR on average, on say 20 lots per trade, which is still pretty medium (or small even) sized for a true big player, then he'd be bringing in 20k a day or more, 100k week, etc...surely enough to maybe pay someone to host a realtime setup to teach some of this, type his thoughts, etc. I understand the pacing everyone, teaching, lecturing...until such a point that they can get in the "groove", and I get the idea that we all have to put in the work to make our understanding complete and gel it in our minds, but surely even 1 or 2 days of live example couldnt hurt to solidfy some of this for many readers, and it would be nice to see anyone make the daily range or better for a few days consistently just to firm up the belief in the system.
Just seems that there are a lot of claims, a lot of acronyms and lingo, a lot of subjectivity, and a whole lot of posts...but not one person who has even "tripled" their initial capital that I know of anyway. (Dawg, oddiduro, vorzo, if you guys are knocking down hundreds a day on mulitple lots and tripling and all that, then excuse my ignorance) And surely no one who is letting us know that they are beginning to bank some factor of the daily range each day. I'll also note that I realize this is summer...its slow out there...its no longer 1998 or 99, or even the volatile summer of 02 we had last year, so the rockets are more likely to fail than fly, etc etc. But the daily range is remaining 8 to 15 pts, and I'm not seeing anyone who is going to be anywhere near 3X that range per day by Labor Day, least not in this decade, at this rate. Maybe another 230+ pages need to go by...any thoughts from others on this?
