YTE magazine - Astrology - you have to be kidding???

[opulence]

Call me a conspiracy theorist but I believe that the debate over this is a good thing. I firmly believe that the market must consist of largely fundamentalists in order to facilitate technicians existence. After all, how could all things be discounted by the market if everyone was a technician?

All it takes is to read something like Market Wizards and you'll see that both work very well. Its mastering something you do poorly that makes the difference. If one side of the fence was wrong then half of the people in that book would not have been able to do what they did.

I guess if you think about property, some like to buy and rent out, some like to develop and sell on, some like to renovate. Master any discipline and you're ahead.

The original post seems to have been hijacked for the age old debate...

[Whiskers]

Call me a conspiracy theorist but I believe that the debate over this is a good thing.


The original post seems to have been hijacked for the age old debate...

Oh, how I dislike the word 'debate'!

It implies and actually facilitates all the wrong mental setups to most successfully approach life's issues.

But, I accept that we all, me included, were indroctinated to default to this approach by the 'system'. Maybe it's our basic instinct to prove ourselves right... for basic survival.

Yes gooner just as I thought. Clueless. Nothing there, show me a real study that proves TA doesn't "work".

Your academics must first learn how its used before they go about trying to prove that it doesn't "work".

Very wise and true words TH.

This applies to the study and understanding of 'cycles' too, which includes the sort of things that astrology is attempting to define.

It's a... well let's just say that you have to have an open mind and be receptive... maybe, learn how to read the signs of the nature of things, is a better term... and find your meaning and purpose in the bigger scheme of things.

Everyone has their own destiny. We are not all made the same which is the first clue to finding what you can, and are probably supposed (destined) to do better than others.

But, I degress... Isn't it interesting how much effort and cost is spent on trying to prove or disprove things to or for others, which may be necessary to mainstream a product or concept, such as a new drug or process for accounting, surgery, analysis etc... but a total waste of time when, at an individual level, all we need to know is what works and what is 'best' for us.

Even then, when it fails it my not be the message thats wrong, but the messenger... ie how we (mis)interpret the information presented to us.

Now... isn't that a whole lot clearer.

[Twiddle]

Another issue, another astrology article.

Since my original post I have come to learn that astrology/WD Gann is quite commonplace in this arena. How naive I was to get such a shock at first.

No wonder 90% of people lose at this game...

I will stick to real price action with my trading, and leave the prediction for those who believe in magic (astrology).

[Buckfont]

Another issue, another astrology article.

Since my original post I have come to learn that astrology/WD Gann is quite commonplace in this arena. How naive I was to get such a shock at first.

No wonder 90% of people lose at this game...

I will stick to real price action with my trading, and leave the prediction for those who believe in magic (astrology).

Hey there Twiddle, thought you may enjoy a little light reading before bedtime.

http://www.sacredscience.com/gann/

[Twiddle]

Haha, cheers mate, but I think I will give it a miss.

"Sacred science" - what on earth is the word science doing in there...

[hairyhands]

Ruby,



What makes you think Gann was a successful trader?? According to his son he died broke and the money he did make came from selling 'education' materials.

brty

You are right Gann did die broke, well infact he left a $100k behind as for his personal fortune of $30/40 Million this was sent to a secret off shore account in the Carribean Islands by his solicitor. Special papers where also destroyed by his Solicitor as part of Ganns wishes. Gann believed in hard work and did not wish to give his fortune away to those who had not worked for it.

It is believed that Gann was actually poisoned by the american mob. In those days the mob owned the illegal casinos near the borders of mexico and Gann would visit these and clean them out using his systems. Gann was genuis, people should try reading his books, the man is clearly very bright, very clever. His hard work as a speculator was likened to that of Thomas Edision.

Gann has been studied by and tutored a number of bright academics, this was not a man who simply wrote books. GL

[tothemax6]

I bought A copy of "Your trading edge" magazine the other day. As a newbie I figure getting my hands on as many resources and perspectives would be beneficial.

I am reading through the magazine and my overall impression is good. Then I get to the real estate section and read the words "real estate is ruled by cancer". Other astrological terms and such follow in the sentence and I am waiting for something along the lines of. "So, imagine if we followed such illogical and nonsensical ways of managing our investing..." Thinking that the astrology being spouted was a joke... It turns out not to be, and the article is legitimately attempting to use astrology to predict the real estate market.

Now I am concerned.

Is all the the analysis done in trading really so ineffective that nonsense like astrology can compete on a level playing field?

Lol, I am not surprised. I always say you can always guarantee one thing: "nothing is ever so insane or stupid, as to prevent its uptake as a popular belief".

[Dale Mc]

Lol, I am not surprised. I always say you can always guarantee one thing: "nothing is ever so insane or stupid, as to prevent its uptake as a popular belief".

Guys, David used to do ONE training seminar a year, now it seems he does a training seminar once every two or three years. I suggest you do some research on him before you discredit what he says.

Also, concerning Gann, and what his son said, it's common knowledge that Gann and his son didn't get on. His son expected Gann to give him everything without having to work for it, and Gann wouldn't do that. So I wouldn't believe too much of what his son says.

The editor of this magazine seems to agree with David Burton's predictions. Personally, I don't use astrology, but I do know a trader who uses it very successfully.


David’s first article for YTE in 1996 forecast the high in wheat 12 years in advance, more recently he has made timely predications with regard to government, weather extremes and coffee.”

Chelsea Reid, Editor in Chief, YourTradingEdge Magazine

[tech/a]

Guys, David used to do ONE training seminar a year, now it seems he does a training seminar once every two or three years. I suggest you do some research on him before you discredit what he says.

Also, concerning Gann, and what his son said, it's common knowledge that Gann and his son didn't get on. His son expected Gann to give him everything without having to work for it, and Gann wouldn't do that. So I wouldn't believe too much of what his son says.

The editor of this magazine seems to agree with David Burton's predictions. Personally, I don't use astrology, but I do know a trader who uses it very successfully.


David’s first article for YTE in 1996 forecast the high in wheat 12 years in advance, more recently he has made timely predications with regard to government, weather extremes and coffee.”

Chelsea Reid, Editor in Chief, YourTradingEdge Magazine

Burton was Challenged by Larry Williams a few years back.
Just for a cool Million.
Burton refused the challenge.
So lost all credibility in my mind.

There are that many "pressure points" coughed up by the "predictors"---
often one will hit.
The n number that dont are never mentioned.
While it looks impressive when one does come up
attempting to apply the analysis in a practical manner leaves the trader disillusioned
as the n number of points come and go.
which "N" do you put your money on?
Even Burton wouldnt put money on his analysis.

[Gringotts Bank]

Guys, remember the bottom line is this: is the trader making money... and how much? Technique is very much a secondary factor, IMO.

If someone is picking stocks by reading tea leaves and is consistently making 50%pa over a long time frame, then that is far superior to a quant using advanced computer modelling and statistics making 10%pa.

I happen to use two systems myself, but with the understanding that neither of them will work unless I have the right frame of mind. Both systems have been developed over years of research, and I'm constantly looking for ways to tweak another 1-2% out of them, but that's more an intellectual exercise than anything else. Mindset is everything.

[sinner]

http://www.markettiming.nl/img/image...ing13Jun10.pdf
http://marketsci.wordpress.com/2009/...-stock-market/

That is all.

[tech/a]

Guys, remember the bottom line is this: is the trader making money... and how much? Technique is very much a secondary factor, IMO.

If someone is picking stocks by reading tea leaves and is consistently making 50%pa over a long time frame, then that is far superior to a quant using advanced computer modelling and statistics making 10%pa.

I happen to use two systems myself, but with the understanding that neither of them will work unless I have the right frame of mind. Both systems have been developed over years of research, and I'm constantly looking for ways to tweak another 1-2% out of them, but that's more an intellectual exercise than anything else. Mindset is everything.

Oh my.