Originally Posted by gazmaniafx
Hi Folks. Just wanted to post a chart I created a system for that alerts after 3 bars of the same color. As Avery stated in his this forum if you want to succeed in trading you need an edge. Well if you look at the chart attached I will be damned if I know what edge that is actually giving us. Most of the time if you traded in the opposite direction after 3 of the same color you would be wrong and often! And as I stated previously just because an hourly bar starts off bullish does not mean it will be a bullish bar. Many of the candles in this chart that appear the same color as the first 3 started their lives as the opposite color and if you were a mug and bought just because the previous 3 candles were of the same color you would be living on the street by now.
After reading this forum and others by Avery and testing out some of his methods I am not convinced he is helping anyone but himself. He doesn't have any set rules or his rules constantly change as I stated earlier.
I don't think they will ever help a newby to make money trading. Avery may be making money from his methods but if any of them work why does he keep changing them?
He may be making money but why is he selling a book for $500 if he is? But then again 99% of people lose on the slot machines but I know a guy who hangs out at the casino and waits for people to lose big time. When they leave he apparently jumps on their machine and make some money. Works for him but everyone else loses on those stupid things. Actually the last time I saw him he said he had been losing to for months!
So maybe Avery is making money doing what he is doing like the guy that plays the slot machines and manages to get some $$$ while others don't and he is that's great. But the bottom line is that as far as I can work out the only people listening to what he has to say are Newbies and they will buy anything.
As I said always willing to be proved wrong but not by gamblers or newbies thanks.
Feel free to start your own thread and present your winning methods.
If you want to look for ways to make something not work, I am sure you can find it. But I am focused on DRAINING THE BANKS not adding to their coffers.
If you can't understand how my ideas can benefit you, then you are free to leave this thread and never return. No one is forcing you to read my posts.
You seemed to be obsessed with me. Are you any relation to paradoxical?