Didn't work out so great this time. Sold DOG today at 54.13 for a 2.7% loss. I did notice that there may have been a doji candle on the 15th on the DOW but on DOG there was definitely a doji, so I've learned that I have to pay attention to if there is a doji on the ETF as well as the underlying
Total successful elected reversals: 3
Total failed elected reversals: 2
Total gain: 10.43%
Total loss: 4.17%
Total Profit: 6.26%
3 samples since July 31, 3 weeks. It looks it might be too hard to get enough observations to see persistent performance. With enough samples, say a few hundred (I have found randomness with thousands of samples). The problem is one cannot learn anything from randomness. So whether this randomness produces a doji or not you cannot blame yourself for not considering it.
Real trading goes like this: For example, to stay relevant, you short PCG like I did because PCG is bankrupt and has been in the news for weeks. Then you make 30% within a few days even without leverage. Sure, this is not a track record and I don't know yet what to do next. That is the problem. Where to get the ideas from. But at least this one is based on some kind of logic. That is what I used. Rather than looking at this Socrates contraption and biting fingernails. I am glad I am not looking at that thing any more.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
starting at page 273 to find out more about computerized fraud.
See
armstrongecmscam.blogspot.com for a more compact view of major findings posted in this blog.