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I don't have a problem with utilizing Hurst cycles, just like I don't
have a problem with trendlines, e-wave, astros, square of 9 or
anything else. Its the 90% accuracy claim I have a problem with.
Geez, most NBA players can't even shoot with 90% accuracy from the
free throw line.
I look for time/price clusters and coincidence of multiple studies.
Never really backtested. I've actaully looked at the astros for the
80's and they sure don't seem to work too well. Anyone ever really
try to apply textbook e-wave in realtime markets? I've seen plenty
of 5 wave moves off the top implying at least another 5 wave move
down that never happened. Can you really backtest to see if
trendlines work most of the time? All I know is you cannot hang your
hat on any single study, no matter how reliable it may be in
historical terms.
--- In realtraders@xxxx, "Adrian Pitt" <apitt@xxxx> wrote:
> Bondo,
>
> Can you tell us Bondo how you trade? Please explain how you feel
> confident trading your model when you don't do any backtesting nor
> optimisation? Are you total gut feel and just ride the wind? Maybe
you
> have tried lots of backtesting and optimsation and havent made it
work!!
> Is that why you conclude that no one else is allowed to do it
> successfully because you can't?
>
> Adrian
>
> > -----Original Message-----
> > From: bondo92677 [mailto:bruce.larson@x...]
> > Sent: Tuesday, 11 June 2002 2:59 PM
> > To: realtraders@xxxx
> > Subject: [RT] Re: SP forcast
> >
> >
> > We've clearly blown below the bands of the Hurst model. So much
for
> > 90% accuracy. Or did this just happen to be the one in ten times
it
> > dodn't work? All this backtested and optimized crap never works
in
> > real time. Never will either.
> >
> >
> >
> > --- In realtraders@xxxx, metatrader108 <metatrader108@xxxx> wrote:
> > >
> > > This is Hurst model in action. Proven to be 90% accurate. It is
> > 100% automatic, mechanical and objective.
> > >
> > > I bought a piece of code for Trade Station for $300. Consider
it a
> > deal for what it does. Works on intraday data as well.
> > >
> > > I know few web sites selling this info and some big guys using
it.
> > This is the first time it becomes available
> > >
> > > in TS code.
> > >
> > >
> > >
> > > ---------------------------------
> > > Do You Yahoo!?
> > > Yahoo! - Official partner of 2002 FIFA World Cup
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> > http://docs.yahoo.com/info/terms/
> >
> >
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