trend following delusion shattered

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Got one more thing to say here. You may like to bash folks like Jack Hershey. He's a good target. You can just take pot shots at the old guy all day long. Problem is that this "old guy" has published a winning strategy that is used today. This is more than I can say for you.

For those that want to see a winning strategy, simply mouse over to Spydertrader's thread. You will be glad you did.

Thats it, I am outta here.

Lefty.
 
Quote from Maverick1:

What I want? How bout this:

What is a reliable method that can be applied to past price action to forecast, before entering a trade, a profitably large positive or negative number d such that (p1-p0)>=d, where p0 is the current market price and p1 will be a marketable price in the near future?

I'm looking for an answer to be posted here in plain text form. The proof of the answer is also to be posted here, as real time trading calls that specify on what basis the proposed method is being invoked

Sound familiar?
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I repeat to all non trend followers, who have fully corrected the folly of trend following:

What is a reliable counter trend trading (or any non trend following) method that can be applied to past price action to forecast, before entering a trade, a profitably large positive or negative number d such that (p1-p0)>=d, where p0 is the current market price and p1 will be a marketable price in the near future?

I'm looking for an answer to be posted here in plain text form. The proof of the answer is also to be posted here, as real time trading calls that specify on what basis the proposed method is being invoked

If you can't post up as well prove it in a live demonstration of shock and awe, we will declare counter trend following dead and irrational as well

Hanksurfer, NickScalper?

Anyone?




:D
 
this thread has PROVED einsteins theory of relativity!!

when i started reading this thread, my watch said 17:30. 1 hour later of reading this thread, i looked at my watch again and it said 17:35! amazing!!!!
 
Quote from Maverick1:

I repeat to all non trend followers, who have fully corrected the folly of trend following:

What is a reliable counter trend trading (or any non trend following) method that can be applied to past price action to forecast, before entering a trade, a profitably large positive or negative number d such that (p1-p0)>=d, where p0 is the current market price and p1 will be a marketable price in the near future?

I'm looking for an answer to be posted here in plain text form. The proof of the answer is also to be posted here, as real time trading calls that specify on what basis the proposed method is being invoked

If you can't post up as well prove it in a live demonstration of shock and awe, we will declare counter trend following dead and irrational as well

Hanksurfer, NickScalper?

Anyone?




:D
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you are very confused. no claims have been made by the "non trend" traders. the claims of wild success are made by the trend traders, therefore the burden of proof is on them to substaniate the advantage of "trend trading" as it is commonly understood.
 
Quote from hank rollins:

you are funny, grob. little do you know just who responded to this thread.... let's say at least 2 out of the world's top 10 money managers paid it a visit.

:D
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Is that so?

Maybe one of them is Paul Tudor Jones? Maybe we should point him to the other thread where you just sold his video for $500...

But then again, for all I know, maybe he does not care about his video being shopped around.
 
Quote from hank rollins:

you are very confused. no claims have been made by the "non trend" traders. the claims of wild success are made by the trend traders, therefore the burden of proof is on them to substaniate the advantage of "trend trading" as it is commonly understood.
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Wrong. (now I'm talking like you, see what you've done, lol)

They have nothing to 'prove' since their long term track record speaks for itself.

You started this whole thing with JWH. As far as I know, John Henry, for example, has never blown out his account, as Niederhoffer did, twice if I'm not mistaken.

So before you attack their factual track record with conjecture, try a little intellectually honesty first.
 
Quote from FredBloggs:

didnt the turtles make shit loads trading trends?

just a thought
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Yeah, but they are just outliers. They probably didn't even know it (even though Eckhardt was an academic statistician). Just outliers.

So was Tudor, Mark Fisher (range breakout trading with a trend component), Henry, and countless other huge money managers/traders.

I don't recall too many of the "market wizards" using pure math models.

If you want to get into this rediculous statistics thing, wouldn't any profitable trader be an outlier with 95% confidence (if 95% fail, as is commonly stated)?

Note: Sarcasm present in the above post......Please read with care. :)
 
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