# Updata's TA courses

#### GruntnoWay

##### Active member
159 2
There are two people from my yahoo group going to Updata's pt and fig course on friday so I have decided to hold off until I get some unbiased opinions from them. I will be sure to let you know next week.

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#### GruntnoWay

##### Active member
159 2
Thanks. I have looked at Dorsey and seen him speak at his free seminars. He does not know about 1 point charts. He just repeats the Cohen 3 point method using daily data which is what most people do.

#### Mayfly

##### Established member
514 28
Just as a reminder, Jeremy du Plessis published an article in Market Technician in October 2002 (issue No 45.) with the title, “Does the continued use of the wrong method make it right?” which goes along way to answer some of the questions that have been raised on this thread.

HTH

Cheers

Mayfly

#### Rognvald

##### Established member
916 15
GW
there really isn't (as far as I can see) all that much extra to know on 1 box reversal. The main thing would seem to be that you are employing greater sensitivity with what that implies in response to noise

#### GruntnoWay

##### Active member
159 2
Mayfly said:
Just as a reminder, Jeremy du Plessis published an article in Market Technician in October 2002 (issue No 45.) with the title, “Does the continued use of the wrong method make it right?” which goes along way to answer some of the questions that have been raised on this thread.

HTH

Cheers

Mayfly

Thanks Mayfly. Do they have a web site where I can get this? Is it by subscription?

#### TBS

##### Well-known member
385 0
Rognvald said:
GW
there really isn't (as far as I can see) all that much extra to know on 1 box reversal. The main thing would seem to be that you are employing greater sensitivity with what that implies in response to noise

The only major difference is that you stack the 'o' and 'x' when there is only a 1 box reversal, any more than that and it is as normal.

2,879 22

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#### volatileN

##### Member
93 0
GruntnoWay said:
There are two people from my yahoo group going to Updata's pt and fig course on friday so I have decided to hold off until I get some unbiased opinions from them. I will be sure to let you know next week.

With respect, and without wishing to imply that such credentials offer any great degree of authority, I am a quantitative Hedge Fund manager with a masters in finance from Business School. On the side I also operate a small software development company. I have done the course and can assure you it is an utter waste of money.

I am concerned as to why my opinion would not qualify as Unbiased?

#### GruntnoWay

##### Active member
159 2
volatileN said:

With respect, and without wishing to imply that such credentials offer any great degree of authority, I am a quantitative Hedge Fund manager with a masters in finance from Business School. On the side I also operate a small software development company. I have done the course and can assure you it is an utter waste of money.

I am concerned as to why my opinion would not qualify as Unbiased?

Thanks. I appreciate your forthright response but

1. I don't know who you are. That's reasonable isn't it. I know and have met the people in my yahoo group and therefore trust their judgement.

2. "Utter waste of money" - on what grounds? Did you not understand it, or did you know it all already. Would it be a waste of money to everyone who attended?

#### volatileN

##### Member
93 0
GruntnoWay said:

Thanks. I appreciate your forthright response but

1. I don't know who you are. That's reasonable isn't it. I know and have met the people in my yahoo group and therefore trust their judgement.

2. "Utter waste of money" - on what grounds? Did you not understand it, or did you know it all already. Would it be a waste of money to everyone who attended?

GruntoWay,

Obviously the anonymity of such a forum justifies your caution and I respect that.

The question was neither one of understanding nor of knowledge. I did understand it and I had read of numerous similar approaches.

Rather my objection was to the ambiguity and scope for subjectivity. There was a lot of talk about this pattern and that pattern (which was fine) but there were no real parameters for what qualified under pattern X or Y.

We were told that doing X was optimal, and indeed it was on the charts they showed us but practical implementation is far more subjective.

All of the people who teach the Updata courses (and J du P is no exception) exude confidence in their methods but none have made any money from them.

In answer to the question "Would it be a waste of money to everyone who attended?" My answer would I fear be as ambiguous as some of their methodologies. No it would not be a waste insofar as it delivers a degree of confidence and seems to create camaraderie between independent traders. It is a waste, and potentially dangerous when improperly contextualised, in that the methods you will learn are nothing that you could not get from any text book yet you are made to feel exuberant about the potential for these.

My 2 cents...

#### GruntnoWay

##### Active member
159 2
volatileN said:
All of the people who teach the Updata courses (and J du P is no exception) exude confidence in their methods but none have made any money from them.

Is that so? How on earth would you know?

Does that view apply to all teachers? I guess it does.

Thanks again anyway. I will report back next week.

#### oatman

##### Senior member
2,879 22
Just had a look at the course. £410? I don't think you'll hear much about 1box P&F, it looks very general.
Good luck

#### one/two

##### Member
80 0
I have had the experience of one of these courses, however it was a long time ago. volatileN made some good comments, I can remember the air of confidence within class which also continued for several days and weeks.
at the time I was very new to the game extremely inexperienced and very wet behind the ears ,hence I walk away very happy with the day.
I can only say with experience that it was a bag of b*!!*"?s and far from worth the money??

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