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>Next comes the timing of an fdate. If the turn occurs on the exact date, I
>have the 3 day advantage that I mentioned (or only 2 days if I am
conservative
>and require the next day to prove itself). If the turn is 1 day before the
>actual fdate, then I may only have 1-2 days where I have a trading
advantage.
>If the turn occurs 1 day after the fdate, I have the 3 days of trading
>advantage AND the direction of the market during that time.
How could you possibly know which date was the top / bottom
without waiting until the next day ?
If I had this
>type of advantage in the casinos for blackjack, I would be barred from
every
>casino on earth.
>The fdate service does not stop with the selection of a date. The analysis
of
>each type of price pattern at an fdate is probably just as useful as the
dates
>themselves. In fact, these techniques for entering a trade are worth the
>price of the service to many. I have often wondered why these techniques
were
>made available for free to subscribers but it is the key to the success of
the
>program IN MY OPINION.
And from Ricks MANY posts in the public newsgroups and his
MANY attempts at picking the bottom in Live Cattle anyone doing
a search of Deja-news will find that his claimed 80% in reality
is closer to 50% or less, with many fdates resulting in minor
blips which are really untradeable yet still get counted as "hits"
by Rick. He recently sent me a copy of an fdate report and at the
end of the week tallied up his "hit ratio" I believe his claim was
over 80% but from my point of view using only tradeable pivots
it was less than 50%.
Pick each Wednesday as an fdate +/- 1 bar and you will get
better results
Attached chart of Sep Bean oil shows every Wednesday marked
as a blue bar. Nitice how >80% of these qualify as fdates using +/- 1 bar
and the pivot high or low is not violated for 3 bars after.
But also notice how many of these turns were untradeable minor pivots.
I rest my case :)
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