'The Expert', what exactly was he on about?

[danjuma]

Hi guys, there is a thread here by 'The Expert' (back in 2010) title 'How to trade, full stop' (link: http://www.trade2win.com/boards/stocks/87916-how-trade-full-stop.html) .
Unfortunately, whatever info/knowledge/method he was trying to (or may be not trying to) impart on to others was not clear as his posts were vague, cryptic, full of riddles, and required you to be able to crack passwords! Also, the fact that all his attached images/charts were hosted on a free hosting website and have long disappeared does not help.
Just wondered if anybody actually managed to decipher his post and work out his method, or was it all show and no substance?
DionysusToast, Charlton, Trader333 and tss42 appear (at least to some extent) grasp what he was on about.
Thanks

 

[NVP]

I took a look...

must confess ive been following and then contributing to T2win since 2004 and couldn't remember this character ......full stop

to actually open by offering Critique on other traders ideas and strategies is a bit rich ...........we get many good traders regularly roasted these days at T2win for publishing systems that actually are pretty good so this is a classic

to be that arrogant with no proof of performance or even some systems on show is first class entertainment

I cant be bothered to read the thread ...........a comedian like this will keep you going for years with not even a brief description of what he does

let me take a guess ..........price action , tape reading , single line to trade ..........its probably along that stuff............

taxi

N

 

[Charlton]

All stuff and nonsense.

All egotistical nonsense designed to attract people.

Don't get mislead by my posts in that thread - a sprat to catch a mackerel !!

Don't waste your time with any such claims - trading requires personal analysis, formulation of a strategy and the development of a robust plan.

Simple as that !!!

 

[alexaherself]

All egotistical nonsense designed to attract people.

That's about par for the course, with people who present themselves in forums as "Expert" or "Master" or whatever, isn't it?

Don't waste your time with any such claims - trading requires personal analysis, formulation of a strategy and the development of a robust plan.

This.

 

[tomorton]

All stuff and nonsense.

All egotistical nonsense designed to attract people.

Don't get mislead by my posts in that thread - a sprat to catch a mackerel !!

Don't waste your time with any such claims - trading requires personal analysis, formulation of a strategy and the development of a robust plan.

Simple as that !!!

Absolutely right. My guiding thoughts re posts on T2W are -

* there's no credibility in posting trading opinion or criticism unless you've also posted at least an outline of a viable system you personally use

* if you don't have a system yet, just lurking and learning is fine, post some technical queries for clarification if you wish

* if you do have a viable system, posting it on T2W won't make it stop working

* if you can't explain your system in a few paragraphs, its probably not a system yet.

 

[BSD]

* if you can't explain your system in a few paragraphs, its probably not a system yet.

One may think of Reagan what one likes, but one thing he had down pat was that he did not want any policy proposals pop up on his desk that the proposer wasn't able to summarize on one sheet of paper.

Generally the blind, insecure and otherwise also clueless members of society have a great yearning to be led to their personal doom.

One alltime favourite is following the purposefully mega ambiguous mumbo jumbo of self proclaimed gurus, and try and make sense of that.

OIf course they'll never make it, but that's just gonna make em ever more determined to work even harder, study even more, and one glorious day finally crack the Great Secret that their Master in all his well intentioned Magnanimity has been hinting at all along.



Oh and yeah, never ask for proof.

Just, err, believe.

 

[Charlton]

One may think of Reagan what one likes, but one thing he had down pat was that he did not want any policy proposals pop up on his desk that the proposer wasn't able to summarize on one sheet of paper.

Generally the blind, insecure and otherwise also clueless members of society have a great yearning to be led to their personal doom.

One alltime favourite is following the purposefully mega ambiguous mumbo jumbo of self proclaimed gurus, and try and make sense of that.

OIf course they'll never make it, but that's just gonna make em ever more determined to work even harder, study even more, and one glorious day finally crack the Great Secret that their Master in all his well intentioned Magnanimity has been hinting at all along.



Oh and yeah, never ask for proof.

Just, err, believe.

The irony of all this is that one who writes in purple would, one suppose, require a purple brain, yet He who wrote in purple was the antithesis of Purple Brain.

A thorny dilemma indeed

 

[BSD]

The irony of all this is that one who writes in purple would, one suppose, require a purple brain, yet He who wrote in purple was the antithesis of Purple Brain.

A thorny dilemma indeed

:clap::clap::clap:

 

[Lúidín]

Hi guys, there is a thread here by 'The Expert' (back in 2010) title 'How to trade, full stop' (link: http://www.trade2win.com/boards/stocks/87916-how-trade-full-stop.html) .
Unfortunately, whatever info/knowledge/method he was trying to (or may be not trying to) impart on to others was not clear as his posts were vague, cryptic, full of riddles, and required you to be able to crack passwords! Also, the fact that all his attached images/charts were hosted on a free hosting website and have long disappeared does not help.
Just wondered if anybody actually managed to decipher his post and work out his method, or was it all show and no substance?
DionysusToast, Charlton, Trader333 and tss42 appear (at least to some extent) grasp what he was on about.
Thanks

I have looked at some posts in the link you provided and think that most of the comments here are not correct.

It appears what he was trying to do was make people aware that there are certain ways of looking at charts for trading that are far better than others.

You will always find that those who do not agree with something usually do so because they do not understand it.

As for making people think by using riddles and clues, I do not see anything wrong with that at all as I have seen the benefits of it myself.

Was there substance in the thread, my answer is yes.

Lúidín

 

[Lúidín]

If you look at the first chart that he replied to and bought it back then for the long term investment, then you would have done pretty well at $130 profit per share.

It is a 5 year cycle, which is half of the 10 year major cycle.

This would have been a very good buy for the long term trader.

Lúidín

 

[danjuma]

I have looked at some posts in the link you provided and think that most of the comments here are not correct.

It appears what he was trying to do was make people aware that there are certain ways of looking at charts for trading that are far better than others.

You will always find that those who do not agree with something usually do so because they do not understand it.

As for making people think by using riddles and clues, I do not see anything wrong with that at all as I have seen the benefits of it myself.

Was there substance in the thread, my answer is yes.

Lúidín

Lúidín, thanks for your reply. As you have mentioned that you find substance in the thread, could you elaborate on this - what do you understand or have discovered of his supposed method?

 

[Charlton]

More history

There is more history to this including a private forum, private emails and banning by mods.

In this post I explained that, although there were valid points in some of his posts, and that it is possible to learn from any post at any time (either directly by receipt of valuable knowledge or indirectly by making one think/question spurious information), his ultimate aim appeared to be drawing readers into some kind of paid services.

http://www.trade2win.com/boards/foyer/90088-comments-relating-expert-his-threads-43.html#post1112404

However if anyone wishes to pursue some of his material, just look at:

Barry Rudd - Stock Patterns for day trading and swing trading
Bryce Gilmore - Geometry of markets
Bryce Gilmore - Dynamic time and price analysis of market trends
Bryce Gilmore - The price action chronicles

 

[Lúidín]

Lúidín, thanks for your reply. As you have mentioned that you find substance in the thread, could you elaborate on this - what do you understand or have discovered of his supposed method?

I have not read all the posts, but I can not see anything wrong with what I have read so far. The first reply regarding the chart detail was a factual statement, as if you can not see something very clearly then how are you supposed to make out what it is. I can also relate to his statement about volume, and how valuable it really is to the small retail trader, as sometimes trying to decipher volume / price relationships can prevent you from taking a trade setup that has a high probability of not risking you too much on the trade.

Rather than me go searching through all the posts, and as you have already done so, if you have some questions in relation to specific posts then post the link here and I will then give you my opinion after looking at same.

I do not mean to be rude, but I do not have the time to go reading pages and pages of posts.

Lúidín

 

[Lúidín]

There is more history to this including a private forum, private emails and banning by mods.

In this post I explained that, although there were valid points in some of his posts, and that it is possible to learn from any post at any time (either directly by receipt of valuable knowledge or indirectly by making one think/question spurious information), his ultimate aim appeared to be drawing readers into some kind of paid services.

http://www.trade2win.com/boards/foyer/90088-comments-relating-expert-his-threads-43.html#post1112404

However if anyone wishes to pursue some of his material, just look at:

Barry Rudd - Stock Patterns for day trading and swing trading
Bryce Gilmore - Geometry of markets
Bryce Gilmore - Dynamic time and price analysis of market trends
Bryce Gilmore - The price action chronicles

I have read your link and I can see that you got some likes from some members. If I followed up, I would say that the people who gave you the likes did not like this person for some reason.

In relation to the charity setup, I would agree with you there, as it makes no sense for people to put up money into an account for charity, as all they have to do is give a donation from their own account, if they are stupid enough to do so. He might however, just had a goodwill intention that was approached the wrong way.

That leaves what exactly did he know, was it of any real value, and how complicated was it to decipher and understand. This appears to me, to be the same question that applies to all, especially those who decide to charge people for sharing knowledge. I will allocate some time later to investigate a bit further and give my opinion as to what level I believe he was at, in other words, was he at the level where he could be called "The Expert", or not.

Lúidín

 

[danjuma]

I have not read all the posts, but I can not see anything wrong with what I have read so far. The first reply regarding the chart detail was a factual statement, as if you can not see something very clearly then how are you supposed to make out what it is. I can also relate to his statement about volume, and how valuable it really is to the small retail trader, as sometimes trying to decipher volume / price relationships can prevent you from taking a trade setup that has a high probability of not risking you too much on the trade.

Rather than me go searching through all the posts, and as you have already done so, if you have some questions in relation to specific posts then post the link here and I will then give you my opinion after looking at same.

I do not mean to be rude, but I do not have the time to go reading pages and pages of posts.

Lúidín

"Rather than me go searching through all the posts, and as you have already done so, if you have some questions in relation to specific posts then post the link here and I will then give you my opinion after looking at same."

That's the problem Lúidín. His posts are vague and his charts are no longer available for reference, so alas my friend, I can not actually point to any specific post. One can only point to specific posts if one actually have a clue what he's talking about!

 

[Lúidín]

"Rather than me go searching through all the posts, and as you have already done so, if you have some questions in relation to specific posts then post the link here and I will then give you my opinion after looking at same."

That's the problem Lúidín. His posts are vague and his charts are no longer available for reference, so alas my friend, I can not actually point to any specific post. One can only point to specific posts if one actually have a clue what he's talking about!

What is it you are looking for exactly. As pointed out, you can pick up some useful information from the words of others, so depending on what you are trading, and your hold duration, I might have some relative information at hand.

Lúidín

 

[danjuma]

What is it you are looking for exactly. As pointed out, you can pick up some useful information from the words of others, so depending on what you are trading, and your hold duration, I might have some relative information at hand.

Lúidín

A way to profitably day-trade stocks. By the way I am not a fan of indicators, prefer pure price action and KIS. I would also not class myself a complete noob, but also not currently found a method that has proven consistent over the long term. Thanks

 

[Lúidín]

A way to profitably day-trade stocks. By the way I am not a fan of TA, prefer pure price action and KIS. I would also not class myself a complete noob, but also not currently found a method that has proven consistent over the long term. Thanks

I will tell you what I have learned from my experiences and you can then draw your own conclusions. Info is based on you knowing a bit about trading, as beginners will not be able to relate to some details of what I mention. I fully agree with you about some aspects of TA being not worth using, especially any form of lagging indicators for daytrading.

1. The least risky market to daytrade is US stocks.

2. Certain US stocks are far less risky than others, which means lower pay-off.

3. Certain times of day offer higher potential pay-off, regardless of individual stock pay-off.

4. Higher potential pay-off can result in higher potential losses if you do not have a valid method that allows you to limit your risk on each and every trade.

If you can relate to what I have posted so far then we can continue, if not you must say so as you will not fully understand any future information that that I will post, and thus not achieve what you are trying to accomplish.

In order for me to assist you with your request, you will have to explain your current thoughts in relation to what you think is the best way for you to daytrade, and why?

If I do not know the way you are thinking, then I will be unable to suggest some ideas that may help you change what you are currently doing, which you are obviously not happy with due to the results you are obtaining.

I hope this makes sense?

Lúidín

 

[danjuma]

Hi Lúidín, thanks for the response, and I totally relate to what you are saying.

Okay a lit bit about myself. I first though about trading the financial markets quite a few years ago (I think 2008 or so), but did not really take it seriously (did not invest much time and effort due to work, family and other commitments). Then about 3 years ago, I started taking it a bit more serious (that is reading forum threads, books, blogs, trading websites, watching you tube videos etc). There is just an unbelievable amount of info out there (each person professing how profitable his method/strategy/system is)! There is an axiom in the trading world that it takes about 10,000 hours of study/practice before one can start trading proficiently. I say, the 10,000 hours is more due to the time wasted on the monumental info out there.

You read say a forum thread of about 500 pages for days, only to find at the end the system/method/strategy does not seem to work anymore or does not resonate with you. You read a book of about 400 pages only at the end to find that it is not your thing. You watch hours and hours of videos only to find at the end you don’t have much faith in system/methods/strategy. You practice a new system/method/strategy you come across for weeks/moths (I do not do back testing, I prefer forward testing) only to end up with disappointment. I am not necessarily blaming all the systems/methods/strategies, as the failure of success could be entirely down to me.

After a lot of reading/studying/practicing, this is my conclusion and belief about trading the markets. Unless you are an ‘insider’ with inside knowledge, nobody can predict the direction of the markets. We are only playing a game of probabilities. All systems/methods/strategies probably work to an extent. You have to find the one that resonates with you (suit your style of trading, personality and circumstances) and that you wholeheartedly believe in and stick to it thick and thin. That is what I am searching for. I long gave up on indicators, and focus on price action. I have tried trading breakouts and pull backs of various variations, currently without much success. Please don’t get me wrong, I have not reached the end of the road yet (I have not done enough demo or stick with it long enough to conclude that it does not work). Work commitments do not allow me much time to demo unfortunately.

My reason for reading the ‘The Expert’ thread was to see what was on offer. I believe you never stop learning and I am still seeking that ‘edge’ that will work for me and turn my trading around to consistent profitability, hence my continual reading and asking questions.

Currently I am focusing on Forex (for long-term trading as gapping is rare), ES for day-trading, and US stocks for day-trading (can’t bear to hold for days due to gapping and leverage).

Like I said, I am not a complete noob and I have an idea what trading probably entails. Just looking for that edge that will make me more confident in my trading and believe in it wholeheartedly.

 

[Lúidín]

You are no different to most, including myself, as very few bypass the silly stage.

I will keep the posts as short as possible, and will not post any rubbish or time wasting information.

We will start as if you are not trading any market, and see what happens.

1. How much trading capital do you have available to put into a trading account.

2. What time, or times, do you have available to you during the day.

3. How old are you.

Lúidín