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ZeeTrader,
You said something that is important, and DeltaTrader proved it in his
response to my question about
how he can reconcile a delta "failure" or how he can determine how to trade
his way into and out
of a Delta point.
You said Norman trades with something else other than Astro, I am no Gann
expert, but Gann had
quite a few tools in his toolbox other than knowledge of Astro points, this
is not a crit of Norman, who
when his clock is right its right. But Astro is not the whole story.
What Kinds of methods did the Gann man use to bail his butt out of a loser?
Or was he also a price pattern genius?
Newbies fail to realize is that time points "can" fail and Ira's rule of
don't take a loser home
keeps a discipline that allows management of time points, by managing actual
price.
I guess what I am trying to say, is take any astro point, Say the X high on
1/01/01 is 18 degrees separation
of travel by Uranu from a previous high. You you take all 18 degree
separations from that point and I can
almost bet you aren't going to get an 80% correlation on exact. So you have
to resort to +- .5 degrees or
what ever and use your observation of price to manage a situation.
don
Subject: Re[2]: [RT] HOW UNFORTUNATE
> On Friday, June 01, 2001, 9:58:38 PM, Ira Tunik wrote:
>
> IT> I have read this post and find that there is much to be said in its
> IT> favor. There is no system that will withstand scrutiny. There is no
> IT> set of numbers, correct calls, or bottom line exposures that will
prove
> IT> you right.
>
> I'm not sure what 'right' is, but there are system traders who can
> produce numerical results that others can duplicate. Some of these do
> better than 'chance' (not to start another discussion of what 'chance'
> means). :-)
>
> IT> The problem is not with the system, it is with the party executing
> IT> the system.
>
> This is always true, but it has nothing to do with the 'stats' of a
> SINGLE component of a system. It is important to distinguish analysis
> of a single component from an overall trading system. Many people
> don't do this. When asked for stats on a single idea, they respond
> with predictions for an overall trading system - two completely
> different animals.
>
> IT> If someone believes that the action of the planets can influence
> IT> the market, he/she will find justification in it.
>
> If it is a simple calculation, it can be tested as a separate idea,
> not part of an overall system.
>
> IT> I am sure that Norman uses something other then pure astro to
> IT> enter and exit his trades. He may say that certain action of the
> IT> planets will impact Beans, wheat or hogs, but I am betting that
> IT> there is something else that will trigger his entry or exit from
> IT> the trade.
>
> True, even by his own admission. However, this still leaves open the
> possibility to test the individual components of an overall system,
> one at a time.
>
> At this point, though, it is important to distinguish 'world views'.
> Some will say 'I believe that' because it sounds plausible. Others
> will say 'show me the stats'. What is 'proof' to one camp is NOT
> 'proof' to others. This difference seems to cause much strife.
>
> IT> Asking for an explanation is fine, bad mouthing is just a tool of
> IT> those with closed minds.
>
> Perhaps. It might also be a matter of language style, 'upbringing',
> and ???. I have seen good examples of people who are VERY open minded
> but terribly crude.
>
> IT> Calling the party who put it forth a fraud or charlatan is wrong,
> IT> I believe.
>
> I believe there are some genuine charlatans, that do deserve to be
> called a fraud. This business has a lot. :-)
>
> IT> You expose someone with facts, not accusations.
>
> What is a 'fact' to a 'religious' trader is NOT a 'fact' to a
> 'science' trader.
>
> It is MUCH easier to be a pure 'religious' trader - one simply has to
> say "I believe it, therefore it is". The 'science' trader must go
> through a lot of hard work to verify it through technical means before
> it becomes a 'fact'.
>
> ztrader
>
>
>
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>
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