Backtesting irregularities

[Korattt]

What I’m getting at is this, what if everyone on here shared the edge I have learned, and I’m not talking about the one I’ve learned from BA Training day, would it escalate moves exponentially or would it nullify them?

assuming there was enough of you all more or less entering at a similar point using the same rationale and all exiting at a similar point using the same rationale, i reckon you would in effect be cutting your own throats because you would probably be providing a good oppourtinuity for anyone who can reasonably read the market, to see an exploitable anomaly.

THAT was the reply I was looking for, so why does the course that Steve Howe conducts get so many delegates & gets rave reviews?, is it because he has an unknown edge he gets in with before the edge he teaches kicks in to move the move on?

[ruthlessimon]

you would probably be providing a good oppourtinuity for anyone who can reasonably read the market, to see an exploitable anomaly.

Not necessarily true.

Let's then assume you setup a course to "read the market" - you've just caused the same problem, that your solution tried to provide.

i.e. Someone could make a course to "read the people who read the market"

How would you get around that?

[to75ne]

you would probably be providing a good oppourtinuity for anyone who can reasonably read the market, to see an exploitable anomaly.

Not necessarily true.

Let's then assume you setup a course to "read the market" - you've just caused the same problem, that your solution tried to provide.

i.e. Someone could make a course to "read the people who read the market"

How would you get around that?

but reading the market is in effect reading people.

[ruthlessimon]

but reading the market is in effect reading people.

But that's the job of any strategy

Let's take your exact words: "using the same rationale, i reckon you would in effect be cutting your own throats"

Market reading falls under that category - if enough people know how to do it properly

[to75ne]

but reading the market is in effect reading people.

But that's the job of any strategy

Let's take your exact words: "using the same rationale, i reckon you would in effect be cutting your own throats"

Market reading falls under that category - if enough people know how to do it properly

but the evidence on this forum (and this thread) would suggest that very few people can read the market consistantly accurately (fortunately).

[ruthlessimon]

True

[to75ne]

so why does the course that Steve Howe conducts get so many delegates & gets rave reviews?, is it because he has an unknown edge he gets in with before the edge he teaches kicks in to move the move on?

mugsgame posted several vids on utube clearly demonstrating his ability to read markets and to very aggressively trade those markets he was reasonably sure he was able to predict the fav's likely direction using large stakes. inevitably he often closed out for decent greens and to his credit, he also showed his errors and occassional cockups and large reds.

he made it look quite easy, and i assume that is the attraction of his courses.

trading appears simple, it can only be easy, the price can stay the same, go up, go down, nothing else, 3 things nothingmore than that.

its not hard to imagine people seeing his vids and thinking along the lines, "if he can do that (which i have no doubt at all that he can), its not hard, so can i, how hard can it be, easy money to be made" and so on. the allure of easy money, slickish marketing, good old down to earth brummie geezer who appears to be your mate, etc, etc ,etc.

[Euler]

Unfortunately, Steve isn't the messiah, he's......

[Korattt]

Unfortunately, Steve isn't the messiah, he's..

a sports trader

[deansaccount]

Unfortunately, Steve isn't the messiah, he's..

a sports trader

Was Euler going with..... a liar?

I've done Steve's course and been part of his mentor group.

[to75ne]

Unfortunately, Steve isn't the messiah, he's..

a sports trader

Was Euler going with..... a liar?

I've done Steve's course and been part of his mentor group.

i doubt it very much, think more of life of brian.

did you learn to trade two against one effectively in an agrressive manor?

[deansaccount]

a sports trader

Was Euler going with..... a liar?

I've done Steve's course and been part of his mentor group.

i doubt it very much, think more of life of brian.

did you learn to trade two against one effectively in an agrressive manor?

Ahhhh ok, never seen it.

He doesn't necessarily look for 2 vs 1 situations.

[to75ne]

Was Euler going with..... a liar?

I've done Steve's course and been part of his mentor group.

i doubt it very much, think more of life of brian.

did you learn to trade two against one effectively in an agrressive manor?

Ahhhh ok, never seen it.

He doesn't necessarily look for 2 vs 1 situations.

i know, it was tongue in cheek (i really should use those anoying smiley things more often).

[to75ne]

the enormity of what you said as just dawned on me. "Ahhhh ok, never seen it."

how can you not have seen LIFE OF BRIAN?

[deansaccount]

the enormity of what you said as just dawned on me. "Ahhhh ok, never seen it."

how can you not have seen LIFE OF BRIAN?

haha yes the smileys may be useful

Nope never seen it, quick google search has revealed I was not even born when it was released in 8th Nov 1979