Why do people use Volume, Range and Tic charts?

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It seems he's been playing that 1-to-2 pts of profit YM trade hustle for years now.
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hank rollins


Registered: Jan 2005
Posts: 905


04-04-05 01:26 PM



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Quote from ProfLogic:

I POSTED THE REVERSAL THIS MORNING @ 9:39 SHORT @ 1176.00. THAT IS A PROFIT OF 2+ POINTS.
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LOL ! you closed the trade on friday at the close AND you closed it on monday morning ? ya cant have it both ways , prof !

BUSTED !






ps. regarding the math comment, you entered @ 1174.75 and closed at 1176---- 2 plus points ?? LOL !!!!!
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No wonder Marketsurfer can't stand him, he's full of crap, and he definitely hasn't changed his stripes.
 
Quote from MandelbrotSet:

Thanks for re-opening this missive WD40.

Here's the full post.

The readers can draw their own conclusions about ProfLogic's vendor status, except the only one who doesn't seem to have a clue about that is redduke (LOL, just he doesn't know something, it doesn't exist. I bet he still believes the earth is flat).
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rcanfiel


Registered: Sep 2006
Posts: 2210


09-02-07 12:54 PM

PM to me last week, that spurred this challenge

Hi,

I want to let you know that this character, Proflogic, is a scumbag and a scammer. I was scammed into spending $4000 to attend one of his seminars in 2006. It was a decision I'd regret ever since as was a total waste of money. Be aware that this guy is a charlatan. He gave himself the title of "professor" and adopts a obnoxous and insulting manner to other peoples so as to belittle them in a way as to "how dare you question the learned professor, you idiot".

Be also aware that this bastard's knowledge of trading (methods or strategies) is average at best. His claim to fame is that he spent 10 years researching the merit of volume bar chart and ergodic indicator (that is his claim). Keep in mind that he didn't invented the volume bar chart or ergodic indicator, just found out through research the superiority of these tools compare to others. To him (and what he imply through these forum and his seminar) these tools are the holy grail and that you only need these tools to be successful in trading.

After testing thse tools I have to say that it couldn't be further from the truth. Volume bar chart and ergodic indicator are just tools. You also needs methods and money management skills to be successful in trading. His method of trading is very simple and common. It basically employ dual time frame and trade the ergodic indicator (very crude in my opinion) and it didn't work since indicator is basically lagging.

I (pretended to be another person) at one time asking to see personal brokerage account so as to see his track record and the moment I requested it he basically blew up throwing insulting words at me. This incident is all you need to know how phony this guy is.

After realizing that I was scam I tried to do research on this guy and stumble across this EliteTrader website and spent 2 days reading all the past postings of this guy and found out that there are many other people like me who was scammed by him and who had post their experiences as such. By the way, I like you responses to him.

Your refusing to take his insult is right on. Keep it up and don't be intimidate by his "professor" title. I had only one wish that the government would put him behind bar so as to stop him from scamming other people. Currently, this guy is doing a good business and earnig a good living by giving seminars (scamming people). You can see this at his website here: http://www.agmarketlogic.com/
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I have atttended Prof's class. The statements about what Prof does and teaches contained in this PM are simply not correct. Nor are the statements about what he claims to have done. The PM loosely uses some of the same words Prof uses, and manages to mangle the truth significantly by rearranging the words more than a tad. This is a not uncommon ploy to attack someone with no basis. Paying attention to a PM from some unknown source is like paying attention to broker reccomendations from ET posters, you are better off with a flip of a coin. How does one know the whole PM isn't ficticious? You don't.

I do not intend to say anything else about Prof or what he teaches, that's not my place; so don't bother trying to extract anything from me. I will say my best advice: make up your own mind about Prof (or anyone else for that matter)based on your own experiences with the individual. Listening to others (particularly on the internet) will only serve to muddy your own thought process.
 
Quote from bundlemaker:

I have atttended Prof's class. The statements about what Prof does and teaches contained in this PM are simply not correct. Nor are the statements about what he claims to have done. The PM loosely uses some of the same words Prof uses, and manages to mangle the truth significantly by rearranging the words more than a tad. This is a not uncommon ploy to attack someone with no basis. Paying attention to a PM from some unknown source is like paying attention to broker reccomendations from ET posters, you are better off with a flip of a coin. How does one know the whole PM isn't ficticious? You don't.

I do not intend to say anything else about Prof or what he teaches, that's not my place; so don't bother trying to extract anything from me. I will say my best advice: make up your own mind about Prof (or anyone else for that matter)based on your own experiences with the individual. Listening to others (particularly on the internet) will only serve to muddy your own thought process.
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Wow, the sheep are really coming out of the barn over this one.

If I was Baron I'd toss his ass of the webiste ASAP or make him pay a vendor fee for selling his courses through his contacts at Elite Trader (this post falls under numbers 2, 3 and 5 of my list).

LOL, you fools are just too easy. :p
 
Quote from ProfLogic:

Thanks guys, I really hate tearing up a good thread like this.
I've gotten a lot of good PM's about the help the information in this thread has been to quite a few traders. I hope it can get back to that and continue to progress.
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Yes.

By all means lets get back to the free advertising for your trading vendor business. :p

Your so-called students are kind of moronic, aren't they?

I accuse you of being a vendor and they come on here and talk about their experiences taking your courses... is that how you paid for your mansion? LOL ... or was it with your 1pt and 2pts YM trades? :D
 
Quote from ProfLogic:

Thanks guys, I really hate tearing up a good thread like this.
I've gotten a lot of good PM's about the help the information in this thread has been to quite a few traders. I hope it can get back to that and continue to progress.
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You could keep the thread on track by not replying to off topic posts. You may have to have a mod clean up the thread a couple of times, but, with no attention paid to them, those posters probably would soon wander off to more exciting threads.

Well, that's my theory anyway.
 
Quote from raystrans:

You could keep the thread on track by not replying to off topic posts. You may have to have a mod clean up the thread a couple of times, but, with no attention paid to them, those posters probably would soon wander off to more exciting threads.

Well, that's my theory anyway.
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I agree.
I think they are in the process of doing that now. Baron emailed me once and I'm waiting on an answer to another now.
 
think, people, think.

There is NO edge here, NONE!

No doubt these guys may truly believe what they teach, but it's all based on perceptional biases and faulty understanding of how markets really work. may i suggest "equity markets in action" as a good start for a solid foundation for starting a real education.

Dubious claims from anyone trying to sell you anything must be deeply discounted.

there are REAL edges, but not here.

regards,

surf
 
Quote from raystrans:

You could keep the thread on track by not replying to off topic posts. You may have to have a mod clean up the thread a couple of times, but, with no attention paid to them, those posters probably would soon wander off to more exciting threads.

Well, that's my theory anyway.
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Yum, sounds like a new sucker just waiting for you PompousLogic (be sure to send him a PM inviting him to be part of your entourage!) ... LOL
 
Quote from ProfLogic:

I agree.
I think they are in the process of doing that now. Baron emailed me once and I'm waiting on an answer to another now.
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LOL, I hope you're holding your breath.
 
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