The Wheat Trade
There are a few questions to ask here.
1) If that was an obvious trade to make (trading the low and going long), then why did Socrates not emit a bullish reversal. In other words, the Socrates system is stupid.
2) If as claimed, the knowledge required to IGNORE the bad elected weekly bullish reversal is only available in the pro version, then one should not buy ANY version below the pro version because the pro version traders would be trading against you.
Conclusion: Do only buy the pro version, because anything else is rubbish, and keep in mind that it will take years to master the pro version because the system is going to give you wrong signals that only after years of learning you will be able to ignore.
Meanwhile you will be broke from paying the subscription and from the depletion of your trading account.
Also, you will notice that midstream before can reach your goal, the cherished services will no longer be available because such type of business based on fraud has an expiry date like a rotten tomato.
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
Topic: Martin Armstrong Discussion - page 115. (Read 647176 times)
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On Wheat futures The week of May 06 2019 we elected a weekly bearish reversal at 426. we have another weekly bearish at 424.10, 422.3 and 419.10 which was providing support, the market tested but did not elect them, so clearly you did not use the Pro service here since you are only talking about 1 weekly bearish.
There is pure black and white there is zero ambiguity here so the mistake is clearly on your side not the reversal system.
On Wheat futures The week of May 06 2019 we elected a weekly bearish reversal at 426. we have another weekly bearish at 424.10, 422.3 and 419.10 which was providing support, the market tested but did not elect them, so clearly you did not use the Pro service here since you are only talking about 1 weekly bearish.
There is pure black and white there is zero ambiguity here so the mistake is clearly on your side not the reversal system.
After the fact. In other scenarios with support as you say, with weekly reversals elected but other weekly reversals below as support, you would not have traded them, the market would have rushed through support and you would have missed the opportunity. There are no black and white rules as you say, and that is the problem.
No you would not of traded them because you have no idea what you are doing but I certainty would have with a stop loss just below you have almost zero risk in this case. What are you are even talking about the week of the 6th closed at 424 you have all the time in the world. and you should really only buy/sell on a closing basis. You see you just so desperately want this model to be wrong because otherwise you will have to come to the sad conclusion that it is you who has failed and instead of taking responsibility and learning from your mistakes its easier to just blame it on the model. It does not get much more black and white than the reversal system
I am actually quite pissed I missed this trade which was very easy to see but you need the confidence to pull the trigger.
@DanB1
yes I can and will
But Gumbi...
Do you take the challenge and post some trades here?
Or are you just telling us that we are so stupid for not understanding all this?
Do you take the challenge and post some trades here?
Or are you just telling us that we are so stupid for not understanding all this?
...
On Wheat futures The week of May 06 2019 we elected a weekly bearish reversal at 426. we have another weekly bearish at 424.10, 422.3 and 419.10 which was providing support, the market tested but did not elect them, so clearly you did not use the Pro service here since you are only talking about 1 weekly bearish.
There is pure black and white there is zero ambiguity here so the mistake is clearly on your side not the reversal system.
On Wheat futures The week of May 06 2019 we elected a weekly bearish reversal at 426. we have another weekly bearish at 424.10, 422.3 and 419.10 which was providing support, the market tested but did not elect them, so clearly you did not use the Pro service here since you are only talking about 1 weekly bearish.
There is pure black and white there is zero ambiguity here so the mistake is clearly on your side not the reversal system.
After the fact. In other scenarios with support as you say, with weekly reversals elected but other weekly reversals below as support, you would not have traded them, the market would have rushed through support and you would have missed the opportunity. There are no black and white rules as you say, and that is the problem.
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
...
Understanding this model and the reversal system takes years of work and dedication. You are so quick
to conclude that Armstrong is a fraud but you have never really looked deeply into any of it. Socrates was fully unlocked only in early 2019 and It sounds like you have not even tried the pro subscription. How can anyone take you seriously if you are evaluating this model only with a basic subscription you really are a joke.
I saw your incredibly uninformed comment on wheat futures if you had the trader service you would know that MAY was a turning point and there was a MAJOR monthly bearish reversal just below which was not elected the only charlatan here is you.
Understanding this model and the reversal system takes years of work and dedication. You are so quick
to conclude that Armstrong is a fraud but you have never really looked deeply into any of it. Socrates was fully unlocked only in early 2019 and It sounds like you have not even tried the pro subscription. How can anyone take you seriously if you are evaluating this model only with a basic subscription you really are a joke.
I saw your incredibly uninformed comment on wheat futures if you had the trader service you would know that MAY was a turning point and there was a MAJOR monthly bearish reversal just below which was not elected the only charlatan here is you.
1) I have used the pro subscription
2) If a monthly bearish is NOT elected while a weekly bearish IS elected, since when does this INVALIDATE the weekly bearish election?
This is the after the fact ambiguity everybody will recognize. You are clearly cherry-picking here, and this type of logic is alien to an objective observer.
You would lose profit opportunities not trading dozens of weekly bullish reversals if you start trading this way - essentially you would be biting your nails not trading at all.
3) If this was a computer system as claimed, and what you are claiming was a business rule in the system, then the computer system would consider it and emit the correct signal according to this rule.
No, I am not buying this cheap type of argument, and not many people here will buy it, either.
On Wheat futures The week of May 06 2019 we elected a weekly bearish reversal at 426. we have another weekly bearish at 424.10, 422.3 and 419.10 which was providing support, the market tested but did not elect them, so clearly you did not use the Pro service here since you are only talking about 1 weekly bearish.
There is pure black and white there is zero ambiguity here so the mistake is clearly on your side not the reversal system.
So can you please stop taking absolute rubbish when you are clearly in the wrong and by all means u can try again with some other trade you failed on.
...
Understanding this model and the reversal system takes years of work and dedication. You are so quick
to conclude that Armstrong is a fraud but you have never really looked deeply into any of it. Socrates was fully unlocked only in early 2019 and It sounds like you have not even tried the pro subscription. How can anyone take you seriously if you are evaluating this model only with a basic subscription you really are a joke.
I saw your incredibly uninformed comment on wheat futures if you had the trader service you would know that MAY was a turning point and there was a MAJOR monthly bearish reversal just below which was not elected the only charlatan here is you.
Understanding this model and the reversal system takes years of work and dedication. You are so quick
to conclude that Armstrong is a fraud but you have never really looked deeply into any of it. Socrates was fully unlocked only in early 2019 and It sounds like you have not even tried the pro subscription. How can anyone take you seriously if you are evaluating this model only with a basic subscription you really are a joke.
I saw your incredibly uninformed comment on wheat futures if you had the trader service you would know that MAY was a turning point and there was a MAJOR monthly bearish reversal just below which was not elected the only charlatan here is you.
1) I have used the pro subscription
2) If a monthly bearish is NOT elected while a weekly bearish IS elected, since when does this INVALIDATE the weekly bearish election to the extent that you need to trade against it?
This is the after the fact ambiguity everybody will recognize. You are clearly cherry-picking here, and this type of logic is alien to an objective observer.
You would lose profit opportunities not trading dozens of good weekly reversals if you start trading this way - essentially you would be biting your nails not trading at all.
3) If this was a computer system as claimed, and what you are claiming was a business rule in the system, then the computer system would consider it and emit the correct signal according to this rule.
No, I am not buying this cheap type of argument, and not many people here will buy it, either.
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
@Gumbi,
I respect the fact that people as yourself come to this blog and say it does work. I don't agree with the "lack the intelligence" part but those are your words.
So it would indeed be great if you could show us a few trades live and show that there are people who do know how to do it.
And no worries if not 100% of the trades work but I would be very interested to see you trade!
Hope you can do this for us, and maybe show us all that we are wrong!
Thanks!
I respect the fact that people as yourself come to this blog and say it does work. I don't agree with the "lack the intelligence" part but those are your words.
So it would indeed be great if you could show us a few trades live and show that there are people who do know how to do it.
And no worries if not 100% of the trades work but I would be very interested to see you trade!
Hope you can do this for us, and maybe show us all that we are wrong!
Thanks!
How to help reduce the damage of armstrongeconomics.com and ask-socrates.com ?
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
He has a youtube page made earlier this year. I also think perhaps this blog does more than one might expect- it is pretty much the only place his stuff is actively discussed (except perhaps reddit.com/r/aec and even there this blog is mentioned). That is the reason Armstrong made an account as StrikeEagle and likely other multis- it is having an effect. Wikipedia does show him as a scammer too, so there's that.
Gumbi, you're picking a particular call he made- if you could answer for the losing calls Armstrong made that others fell victim to when Armstrong did not take responsibility (he never does) then that would be helpful in understanding where you're coming from in terms of methodology. You also said "calls have been exceptional done the years" and pro was not available over the years- this means that a pro level is not required to measure something exceptional by Armstrong in terms of his calls. If it does that well, then please go ahead and post trades live. I, as well as Anon, MA, and others have followed Armstrong for years and have concluded that it does not work. As for me, the only possibility for his model to work is in the Reversal system but only because I have not completed the analysis on it yet. Keep in mind as well that everything else has been shown not to work and Armstrong pulls numbers and excuses out of thin air that were not known to his followers until after they already made a trade and losses in place-but he won't take responsibility for those.
I'm talking about 99% of all the calls he has made, well the blog has been out since 2016 so that is what I am referring to. I am not referring to his opinion or anything like that I am speaking of elected reversals on his blog. If you simply go through his blog starting from 2016
and focus on the reversals you will come to the same conclusion. nobody on this forum seems to have gone through all of them and yet that want to call Armstrong a fraud. They simply lack the intelligence so rather than admitting they are the ones that failed they point to the model instead.
Bikefront most people on here are absolutely clueless just like in everything else the same is the situation the majority have not got a clue what is even happening in the world such as the majority believe in global warming, the majority believe Trump is bad etc. Truth always exists on the fringe so it should be a good sign that the majority speak out against him that is a indication that there is something there and only a few intelligent people will be able to see it but it takes an open mind.
I can post live trades but I have not mastered this model yet so I can and have been wrong in the past but from my own understanding it has been my mistake not the model's. we elected 4 daily bullish on the Dow yesterday so we see a bounce today.
I'm not even sure this model will be here for much longer behind the scenes they are trying to destroy everything Armstrong has worked for.
SPX breaking new highs today. Wait a second, Marty said no new highs until after January 2020. He been saying that for months now. Oops.
again another misconception and bogus statement. Armstrong has said and I quote that "we do not expect to see new highs on any SUSTAINABLE BASIS until the ECM bottoms come January.
SPX breaking new highs today. Wait a second, Marty said no new highs until after January 2020. He been saying that for months now. Oops.
How to help reduce the damage of armstrongeconomics.com and ask-socrates.com ?
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
This model has helped me tremendously with my trading and the calls have been exceptional done the years, it certainty is not easy and just because you failed you want to destroy it for everyone else. "keen to shut it down" you really are a disgraceful person and probably should be working for the government. It is you who has zero capacity to trade and zero understanding of technical and cyclical analysis and you think your opinion means anything? Understanding this model and the reversal system takes years of work and dedication. You are so quick
to conclude that Armstrong is a fraud but you have never really looked deeply into any of it. Socrates was fully unlocked only in early 2019 and It sounds like you have not even tried the pro subscription. How can anyone take you seriously if you are evaluating this model only with a basic subscription you really are a joke.
I saw your incredibly uninformed comment on wheat futures if you had the trader service you would know that MAY was a turning point and there was a MAJOR monthly bearish reversal just below which was not elected the only charlatan here is you.
How to help reduce the damage of armstrongeconomics.com and ask-socrates.com ?
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
I think this blog is a great resource to discuss Martin Armstrong's methods and record the failures.
However I also think that because of the sequential and unstructured nature of this blog, the impact is perhaps negligible. I mean he has his massive web site, numerous interviews on youtube. If you search for him on google, the results are saturated by his own material.
I feel obligated to spread the truth about him as much as possible because it all looks like a fraud to me now.
How can we get out the word about him faster? I am sure that there are some experts out there who would be keen to shut him down. Perhaps someone can update wikipedia at least?
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
It was like being married to a bad trade. Hoping and wanting Socrates to work, but I didn't. Nothing should be that difficult to understand with "what ifs" and "inversions" and whatever...
I had the same, I was so convinced that Socrates had it right, I kept the trade on in hope of making a profit. But with every trade that goes against you (especially shorts), at some time you have to take your loss.
Man, I feel so stupid believing it all.
My goal was for socrates to give me an edge in trading and looking at markets. Over time, I naively got sucked into the hype and expected the system to be God's gift to trading. As I shared in my earlier post, as I took notes, I noticed that the levels given were not that useful for trading and the whole system was ambigious at best. Even the manual they gave us during the WEC was also not very clear on how to use the system because ultimately, it was not transperant nor instructive.
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
Yes, I understand. Me as well, my goal was to "follow the numbers" with Socrates and to remove emotion from trading. However, when signals are not clear ... or out right wrong...how can you not be emotional?
Well, I'm onto trying another couple of services... one is very expensive but they have made unbelievable calls in the last 2 weeks ...they are more day traders or 1-3 day holders of futures and have been know to execute trades overnight (I have followed with ETFs and have done well) and another less expensive service - more of a swing trade style - based on cycle analysis which is calling for a temp low in the SPX on July 5...we will see
I don't want to post them here as it seems like an ad or me promoting something that I am not associated with (as I'm not), but people can message me.
My goal was for socrates to give me an edge in trading and looking at markets. Over time, I naively got sucked into the hype and expected the system to be God's gift to trading. As I shared in my earlier post, as I took notes, I noticed that the levels given were not that useful for trading and the whole system was ambigious at best. Even the manual they gave us during the WEC was also not very clear on how to use the system because ultimately, it was not transperant nor instructive.
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
Okay case closed on Armstrong LOL.
I cancelled services last week actually. More confusing than anything...not helpful with trading unfortunately. It was like being married to a bad trade. Hoping and wanting Socrates to work, but I didn't. Nothing should be that difficult to understand with "what ifs" and "inversions" and whatever...Anyways thanks to this board I can now save $200+ USD a month to invest in other methods. There are more trader mined cyclical analysts and highly effective services out there. Some will argue to not trade other's systems...well, what was everyone goal with Socrates?
I cancelled services last week actually. More confusing than anything...not helpful with trading unfortunately. It was like being married to a bad trade. Hoping and wanting Socrates to work, but I didn't. Nothing should be that difficult to understand with "what ifs" and "inversions" and whatever...Anyways thanks to this board I can now save $200+ USD a month to invest in other methods. There are more trader mined cyclical analysts and highly effective services out there. Some will argue to not trade other's systems...well, what was everyone goal with Socrates?
...
But he again pushed the time-frame further into future to 2021-2022. Did you know that if you repeat the same thing over and over again, you will eventually get it right? But TIMING is the key to profitable trades.
But he again pushed the time-frame further into future to 2021-2022. Did you know that if you repeat the same thing over and over again, you will eventually get it right? But TIMING is the key to profitable trades.
Thanks.
And here is how to profit: Crude oil price predictions based on his war model:
Crude Oil & The Future
Crude Oil & The Future
Posted Jul 9, 2014 by Martin Armstrong
Nevertheless, oil peaked intraday in 2009 but the highest yearly close came in 2011. It is poised to rally into 2017 and it appears this is lining up with our war models.
Crude oil was at around USD 100 in 2014 when he wrote this and it declined to USD 30 from there.
Armstrong is a Crackpot
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
Read this blog starting here to find out more about computerized fraud.
See armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.
Every single defrauded person should report their case, see Where and how to complain
Boom
Would be interesting to see what gold does at 1362.
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
Gold broke the magic $1,362....now $1,383...Asian hours.
Yes so the weekly number is 1365 and the monthly is 1362.50. Armstrong said he was preparing the Gold report ...may have missed this one unless we give a sell off this week based on the divergence in a few indicators.
Would be interesting to see what gold does at 1362.
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
Gold broke the magic $1,362....now $1,383...Asian hours.
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