Quote from: nattybear on June 08, 2019, 08:35:35 AM

Quote from: Alex4711 on June 08, 2019, 07:55:23 AM

From my side I can only states that the bearish move on Nasdaq was properly predicted by the election of the weekly reversal of Mai 17th, the downturn move stopped at the border of another weekly reversal (June 3rd) which acted well as exit signal (not electing it) and now elected a new bullish weekly reversal that has been elected by more than 1% (risk of counter move is there). I have now followed the reversals on Nasaq for one year and at least for me worked :-)

It is fair also to say that based on technical analysis alone the bottom of June 3rd would have been expected as it was exactly the minimum of March 8th. So no reversals would have been required to predict a proabability of bouncing.

Agreed - this is what kept me engaged for more than the first couple of months. The reversals do seem to provide some useful price points.

As time went on I saw several weekly reversals calling for Dow movements which turned out to be completely wrong. So while the daily levels were most useful as a confirmation tool I didn't find them any more insightful than decision points.

You are right, the reversals are useful up to a point and often you see support/resistance around these price points. I have often traded these both moving with the flow when elected or as a counter move when not elected. From my experience around 60/70% of the time it works (which is okay but nothing more than that). So I combine it with macro data I buy (in this case from Hedgeye, also not perfect but gives me more insight on where we are) and my own technical analysis.

My experience is not to trade too often on reversals, only when the reversals say so, in combination with the arrays (they do change all the time but offer some insight), macro info and technical analysis.
So Socrates is more like an extra tool but not leading.

Regarding MA blogs. He always say what COULD happen. The annoying part is that when he's wrong he never rectifies himself. I know from his staff that a lot of people contact them on those occasions, but they like to see it as hate mail rather than people asking for clarification after an incorrect statement.

I have also requested them several times to make a video where Martin makes some live trades, and share it afterwards, just so we can learn from his decision making.
It might be a nice idea to share some trade/investing info so we can learn from each other. For instance, I trade, amongst others, the SP500 and EUR/USD so if there are others who would be interested we can share thoughts on this.