HOW WOULD YOU SELL A USELESS SYSTEM? Here is a recipe:
1. Quote some 100 years old book that supposed to contain some ancient knowledge.
2. Post some charts with a lot of lines
3. Make some (real or maybe even not) trades from one of those crossing line levels, some of them will success - do not show failed ones. And keep posting. Dont say anything, newbies will come to you.
4. Block anybody asking relevant questions and call then uneducated
5. Bring some mates, so they can back you up with some other guru's names
Here is a good example:
http://www.forexfactory.com/showthread.php?t=612650
I asked couple basic question in thread called "Charting with Median Lines" by AlexC. Unfortunately, the thread owner, AlexC decided that is better block me then answer simple, relevant questions. So I am answering here, particularly to his white horse hero, j4d, who brought "Robert Carver and the like" as a back-up gurus of this half backed method.
http://www.forexfactory.com/showthre...83#post9237483
According to j4d Robert Carver is bright example of a successful trader and that by implication validates AlexC's channels method. Lets check the facts about this "famous" Robert Carver.
1. Robert Carver was head of fixed income at AHLhedge fund till 2013, when AHL was exposed to poor performance. Quote from NYTimes:
"Driving the assault is poor performance. The firm’s flagship product, AHL, a fund that uses a proprietary computer-driven strategy, lost nearly 6 percent last year. So far this year, the AHL fund is down about 2 percent, and remains on average about 14 percent under the level it needs to hit before it can charge the lucrative performance fees."
2. Lets look at AHL hedge fund performance over extended period of time
2013 = -1.33%
2012 = -2.02%
2011 = -2.90%
2010 = +17.61%
2009 = -15.05%
All that under our briliant Robert Carver. Mostly losses, nio wonder the firm was shut.
3. Today Robert Carver is "freelance writer and research consultant" promoting his "systematic trading" book and method. No wonder, who would give him any money.
source:
http://dealbook.nytimes.com/2012/05/...er-cloud/?_r=0
http://news.efinancialcareers.com/au...oups-ahl-fund/
http://dealbook.nytimes.com/2012/05/...er-cloud/?_r=0
https://uk.linkedin.com/in/robert-carver-13275a27
So... j4d, you bring to a table a fallen hedge fund manager who managed to put down billion dollar fund as a trading hero? More over his method had nothing to do with AlexC's mess of lines and channels. Which really bring me to a conclusion neither you j4D nor AlexC know what you are talking about. I destroyed your argument by 5-minutes google search, haha, just brilliant. One must loves those little mental exercises
Additionally, blocking people from a thread asking simple, relevant question and your ignorance is a clear sign you are just a fraud. Not the first one of forexfactory forum and not the last one.
There you have folks. THINK FOR YOURSELF, DONT BELIEVE FRAUD ARTISTS!!!
NOW... to transcend those two frauds, here is my practical advice for you newbie, take it for whatever it is worth:
Clearly technical analisys by itself, whatever it is, channels, forks, moving averages, candle patterns will NOT work by itself. You need something extra. That something extra is what makes the whole thing works. Once you got it, use whatever you want, channels, forks, moving averages, candle patterns, whatever. All will work. THINK FOR YOURSELF.
I rest my case.
PS: I am not interested selling anything and teaching anything. I rarely read private messages and I have block all communication from forexfactory to my email.
1. Quote some 100 years old book that supposed to contain some ancient knowledge.
2. Post some charts with a lot of lines
3. Make some (real or maybe even not) trades from one of those crossing line levels, some of them will success - do not show failed ones. And keep posting. Dont say anything, newbies will come to you.
4. Block anybody asking relevant questions and call then uneducated
5. Bring some mates, so they can back you up with some other guru's names
Here is a good example:
http://www.forexfactory.com/showthread.php?t=612650
I asked couple basic question in thread called "Charting with Median Lines" by AlexC. Unfortunately, the thread owner, AlexC decided that is better block me then answer simple, relevant questions. So I am answering here, particularly to his white horse hero, j4d, who brought "Robert Carver and the like" as a back-up gurus of this half backed method.
http://www.forexfactory.com/showthre...83#post9237483
According to j4d Robert Carver is bright example of a successful trader and that by implication validates AlexC's channels method. Lets check the facts about this "famous" Robert Carver.
1. Robert Carver was head of fixed income at AHLhedge fund till 2013, when AHL was exposed to poor performance. Quote from NYTimes:
"Driving the assault is poor performance. The firm’s flagship product, AHL, a fund that uses a proprietary computer-driven strategy, lost nearly 6 percent last year. So far this year, the AHL fund is down about 2 percent, and remains on average about 14 percent under the level it needs to hit before it can charge the lucrative performance fees."
2. Lets look at AHL hedge fund performance over extended period of time
2013 = -1.33%
2012 = -2.02%
2011 = -2.90%
2010 = +17.61%
2009 = -15.05%
All that under our briliant Robert Carver. Mostly losses, nio wonder the firm was shut.
3. Today Robert Carver is "freelance writer and research consultant" promoting his "systematic trading" book and method. No wonder, who would give him any money.
source:
http://dealbook.nytimes.com/2012/05/...er-cloud/?_r=0
http://news.efinancialcareers.com/au...oups-ahl-fund/
http://dealbook.nytimes.com/2012/05/...er-cloud/?_r=0
https://uk.linkedin.com/in/robert-carver-13275a27
So... j4d, you bring to a table a fallen hedge fund manager who managed to put down billion dollar fund as a trading hero? More over his method had nothing to do with AlexC's mess of lines and channels. Which really bring me to a conclusion neither you j4D nor AlexC know what you are talking about. I destroyed your argument by 5-minutes google search, haha, just brilliant. One must loves those little mental exercises
Additionally, blocking people from a thread asking simple, relevant question and your ignorance is a clear sign you are just a fraud. Not the first one of forexfactory forum and not the last one.
There you have folks. THINK FOR YOURSELF, DONT BELIEVE FRAUD ARTISTS!!!
NOW... to transcend those two frauds, here is my practical advice for you newbie, take it for whatever it is worth:
Clearly technical analisys by itself, whatever it is, channels, forks, moving averages, candle patterns will NOT work by itself. You need something extra. That something extra is what makes the whole thing works. Once you got it, use whatever you want, channels, forks, moving averages, candle patterns, whatever. All will work. THINK FOR YOURSELF.
I rest my case.
PS: I am not interested selling anything and teaching anything. I rarely read private messages and I have block all communication from forexfactory to my email.