@Alex-11

Socrates is so simple to use I find it hard to believe people can't see how accurate it is. The real difficulty is keeping your emotions in check. if you simply play it by the reversals and only enter on a closing basis with the understanding that  the election of a reversal implies a move to the next and so on, we had a perfect move recently where the Dow elected 2 weekly bullish reversals on the 26th of August but we closed more than 1% above, we then retested the reversals with one at 26053, and the next weekly bullish reversal was at 26368 which the market tested 2 weeks later but failed to elect implying a retest of support.

I was thinking IQ may not be so important since the computer is almost doing everything for you telling whether to buy or sell if one of its price targets is elected. In fact socrates is very black and white regarding the reversal system there can be no ambiguity. so basically it comes down to emotional IQ that is the key when using this system.


As Armstrong has said the majority is always wrong that is the fuel that drives the markets so it should come as no surprise that the majority think socrates is a scam, and we need fools on the other side of the market in order to trade against them.