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No one has to prove anything to you. It is not the system that is
successful, it is the trader using the system that is successful. You could
have a very successful system and give it to 10 people and no two would get
the same results. Some would be very successful and some would blow out.
So if you are a great trader, almost any system will work for you because
you would understand what the charts are relaying to you or what the
indicator is telling you. Most look at charts and really see nothing.
They follow someone else's rules without understanding why the rules were
made or how to really implement them. I don't use multicolored lines, but I
would be the last to ridicule someone who did. I wouldn't care if someone
went into his back yard and looked at the pattern of leaves that fell under
a tree and said that was his indicator and it worked for him. I wouldn't
use it, but if it worked for him that is all that counts. I knew a trader
that stood next to me on the floor that had two ties that he used to wear.
One was a bull tie and the other a bear tie. He threw them in the corner of
his desk each day after the markets closed and the next morning he would
reach in, without looking and take one out. Which ever one he took and
wore, that is the way he traded all day. He was very success trading that
way. It wouldn't work for me, but it did for him. Everyone trade
differently and has different emotional as well as academic triggers. There
are some people that will never make good traders. Ira.
----- Original Message -----
From: "jeff97_98_1998" <jprroth@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, July 05, 2002 7:13 AM
Subject: Re: [RT] Indu
> for all the hundreds/thousands of rediculous indicators people follow
> in hindsight, please show me a few testable systems in which the
> indicator actually predicted the move, and not a month later, nor as
> a result of the overall market move. for all the chart patterns in
> the world, no one has testable results for the pattern in which they
> believe in. And why not, if someone went thru the trouble of
> developing, writing the indicator into a program? Go one step
> furether and prove it's effectiveness, with subjectivity removed.
> Wave this, cycle that, fib this, retrace that, support this, regress
> that, hurst this, lunar that, sun spot this. Show me the money made,
> the accuracy of the indicator used. Make me a believer, not an
> agnostic.
> I still prefer magenta, unless green begins to work.
> when magenta and green mix, now that's trouble.
> could be a wave forming.
>
>
> --- In realtraders@xxxx, "Bob Heisler" <BHEISLER@xxxx> wrote:
> > Earl is a long-time, respected member of Realtraders and a seasoned
> trader as well. You'd do well to try and learn from his posts versus
> the ridicule in your post below. Or better yet, post some of your
> own thoughts/ideas.
> >
> > Bob
> > ----- Original Message -----
> > From: jeff97_98_1998
> > To: realtraders@xxxx
> > Sent: Friday, July 05, 2002 7:51 AM
> > Subject: Re: [RT] Indu
> >
> >
> > I find the Magenta indicators work best for me.
> > Next is cyan.
> > Do you read tea leaves too?
> > Add a few more lines to that chart.
> > I'm sure one will be hit eventually.
> >
> >
> > --- In realtraders@xxxx, "Earl Adamy" <eadamy@xxxx> wrote:
> > > Current working S&P cash chart includes some important left
> pivot
> > lows. I've
> > > got lots of price targets, however two major sets agree with
> your
> > ranges. I
> > > suspect price is going to reach the lower target before 2002 is
> > out. I also
> > > suspect that the upper range will contain this particular leg.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: <rosow@xxxx>
> > > To: <realtraders@xxxx>
> > > Sent: Wednesday, July 03, 2002 11:36 PM
> > > Subject: Re: [RT] Indu
> > >
> > >
> > > > Ben,
> > > >
> > > > 1) 1st wave 5 downside target is the area between 883-908
> which
> > sports the
> > > > MOB parameters and a few price clusters.
> > > >
> > > > 2) 2nd wave 5 downside target is the area between 803-833
> which
> > contains 4
> > > > price clusters.
> > > >
> > > > Lenny
> > > >
> > > > PS - if we have a quick retracement up from here I would be
> > surprised if
> > > it
> > > > closes above 1074.36.
> > > >
> > >
> > >
> > > ----------------------------------------------------------------
> ----
> > --------
> > > ----
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
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> Service.
>
>
>
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>
>
>
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>
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