Video , why do indicator based systems fail.

Murray Ruggiero said:
Do you watch the video ? The reason indicators don't work and we have tortured rules like left hand crossing, right hand crossing for things like stochastics is because of Spectral Regimes.
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"those who can do. those who can't teach."

"tortured rules"
I am not into masochism.
 
Sprout said:
Since all indicators are mathematical functions and their interpretation lies on the discretion of the trader, there's only one place the problem really exists.
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:thumbsup:

Many times simple logic is all we need to solve problems. But ego can trouble the simple logic.
 
Handle123 said:
I watched video, and let's face it, it is like many other indicators and take months to understand how to use and test it to find that small area of repeating patterns
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Thanks for reinforcing my K.I.S.S. reason for not watching it. I'm not exaggerating about my rule for, "If it can't be explained in 10 words or less, fuggetaboutit".
 
Scataphagos said:
Thanks for reinforcing my K.I.S.S. reason for not watching it. I'm not exaggerating about my rule for, "If it can't be explained in 10 words or less, fuggetaboutit".
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your remark beat mine by a microsecond.

""If it can't be explained in 10 words or less, fuggetaboutit"
winston churchill asked his Generals what he needed too win the war. they presented him with many pages of requests. Churchill famously replied narrow your requests down to one page.
 
Yeah I agree with some of the things said earlier. I tried to listen to the video and got about 2 mins in before I'm thinking WTF is this guy talking bout. Maybe it's all good stuff and I'm just not smart enough to know about any of it.
 
You gotta be a unique, philosophical...yet tactical, trader, to succeed with trading.
Way too many lost souls approach trading thinking all you need is a fixed, Holy Grail system/formula to make you rich :cool: --->:confused:,

and i'm not just full of theory talk stuff. I'm 95%-99% confident my % returns beats everyone's here at ET.
Just simply saying, without trying to sound too arrogant or cocky.

It's lunch time in the West Coast US right now...I feel like eating a nice medium-rare porterhouse steak in a restaurant.
I could easily afford it, with my profits for today. -- I might even buy another one for my beagle.

2018...all the best, ET extraterrestrial traders,
 
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lawrence-lugar said:
You gotta be a unique, philosophical...yet tactical, trader, to succeed with trading.
Way too many lost souls approach trading thinking all you need is a fixed, Holy Grail system/formula to make you rich :cool: --->:confused:,

and i'm not just full of theory talk stuff. I'm 95%-99% confident my % returns beats everyone's here at ET.
Just simply saying, without trying to sound too arrogant or cocky.
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Ya failed.
 
I watched the video and took a look at your website. Here is my favorite part:
“ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.”
 
aldrums said:
I watched the video and took a look at your website. Here is my favorite part:
“ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING.”
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You legally have to put that or the government will give you problems. It's part of the standard discloser
 
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