Alex, if you wanted to use historical data to measure performance, the Private Blog posts would have been better, as they are posted in real time, unlike the chart which showed only hindsight calls that cannot be verified. If they were made up, no one would have had any way to verify if they were real or if Armstrong was making things up. But actually, Armstrong has shown to change/edit blog posts so even then, it is unreliable. This is the reason why I abandoned the attempt to backrest them manually. Simply put, we have no way of verifying the data itself. Garbage in garbage out is apt here. Using the chart is only blindly taking Armstrong's word for it. None can be used.
So Armstrong is calling for an August high which should occur on the first week on an intraweek or closing basis, apparently. Are any Armstrong proponents trading this call? And if so, how?
The problem with the blog posts is that they are not regular enough. There are still decisions that I have to taken when to buy or sell. That's why I say it's better to judge the system itself.
On the blog post one can only judge if that particular statement turned out to be right or wrong (or something in between). This can be done but I prefer the system verification.
Regarding the charts, yes it is hindsight and if you are extreme sceptical about Armstrong then you will demand hard prove
from others and you will not try yourself to prove it. People who are more positive about Armstrong would probably say , oh this is interesting. I will watch this happen on a live system and if it turns out to confirm what was shown on the chart, then it's good to be used. Or you would look for other charts like this to see how those are doing in terms of profit. But this is not happening here.
I said it before and I can say it again. I don't feel like I have to prove to anybody that Socrates is working. I just want to discuss certain aspects of Socrates. Has anybody here is this forum shared results of real research? I mean something like I did in the forum with analyzing that buy /sell signal chart and posting the results (and probably even the raw data). I haven't seen anything like that from other people. So if I would invest e.g. 1 full week of work in researching in something, why should I post this here in the forum if nobody else does it? I've seen a lot of claims that people have backtested things and posted their conclusion, but I've not seen something like I did. Testing many samples and properly describe the test and eventually even post the raw data.
Also, regarding to a comment that Armstrong's system may work well for a trending market, but doesn't work well for a side-way market,
If a system produces consistant profits, then to me it doesn't matter how. There are only very few markets which move sideways for a long time.
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Please read on page 305/306 about the nonsense that is spread about Armstrong