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cnms2
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Everything posted by cnms2
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Why You Say Indicators Fail and Price Action Always Works ?
cnms2 replied to exbryan's topic in Beginners Forum
You realize that those who sell trading classes can't make their money from trading ... If they taught from the goodness of their hearts they would do it for free, not for the exorbitant prices they charge. -
Why You Say Indicators Fail and Price Action Always Works ?
cnms2 replied to exbryan's topic in Beginners Forum
Leaving aside the "always", indicators are based on price and / or volume, so as derivatives they filter out some information, and inherently include some delay relatively to price and volume. -
Can anybody post a link where spydertrader writes about "bbt", "equal weight of all legs", or such?
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Jack wrote several times on the subject of the relation between ftts on different fractals: Also, there is a discussion early in this thread between romanus and pointone about the ftt relation to pt1,2,3,ftt on other fractals.
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This is why this thread died, and all attempts to restart it failed.
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I don't think in terms of "flaws", but in terms of the "10 cases", of which only 2 are "translations"; the rest are "internals" (including the outside bar). They can appear anywhere in a tape, and are price formations, independent of volume.
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This was posted by spydertrader on Feb 7, 2007.
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To those who still have difficulties using this method profitably, I suggest a RESET: put aside everything you know about it, then reread and assimilate ONLY Spydertrader's posts on this thread, starting with page 1. Pay attention to each word he wrote, and each line he drew! Please be courteous and patient, or refrain from posting! Check your frustrations and pretentions at the door ...
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Thank you Jack! .
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FTT, on all fractals.
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Thanksgiving thanks giving.
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You could google for: "jack hershey onepager pvt site:www.elitetrader.com"This is one search result: Jack Hershey Method Since 2008 | Page 4 | Elite Trader.
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There are two attachments to my previous post. They were crops from this onepager:
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These two ?
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Many Thanks to Jack Hershey and Spydertrader! & Best wishes!
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Don Miller Trading Style Discussion in 'Educational Resources' started by benwm, Jul 8, 2010.
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@river: If you can't figure it out yourself, you can find out from vienna for $2 (for his time). I pay more than $20 an hour my gardner ...
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It would be interesting to find out: 1. Who believes that the futures Hershey / Spydertrader method is profitable (not if you are profitable, but if you think it is profitable even if you don't know yet how)? It is. 1. a. Who believes it is wildly profitable? It is. 2. Who believes that any trading course will teach you a sure method of making money? I don't. 2.a. Who believes it will make you rich? I don't. 3. Who believes that somebody who charges to teach you trading is profitable trading? I don't. 3.a. Who believes it is wildly profitable? I don't.
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Guess who's student this was? Key points here.
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That's really peanuts! A quick calculation, if you master this method even slightly, and average 1 ES point a day: - $12,500 a year - 5 points a week, so you make $1,000 a month - you can decide to double the number of contracts every $2,000, or 2 months, and use the power of compounding: - in 2 months: 2 contracts ($25,000 a year) - in 4 months: 4 contracts ($50,000 a year) - in 6 months: 8 contracts ($100,000 a year) - in 2*n months: 2**n contracts ($12,500*2**n) - but, you can easily average 4-6 points daily in 1-3 trades
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I can't understand why anybody who trades this method successfully would charge to teach it. He'd make more money trading it than teaching it. I understand if somebody doesn't want to fully share this method's indepth secrets, because he doesn't want to enable undeserving people, but to charge some unfortunate people who already spent a lot of time, energy, and hope seems to me wrong; a scam. People, don't buy it! EDIT: I'm curious: how much does this class cost?
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. .
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1. Probably free.2.
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It's inside the lateral.
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