This is my first post here, I am still trying to make Socrates work after 4 years & thus I am not being negative but these are valid points I wish MA would address
I have attended a number of WEC's since 2015 & am happy to give my impartial view on MA's calls so far:
Gold will go below $1,000 - so far wrong
EURO report delivered during a conference in Germany - so far incorrect
GBP - so far incorrect
Bonds - so far incorrect
HK$ peg to go in 2018 - incorrect
US$ to surge in 2019 - incorrect
DOW best market to buy in 2015 - correct
ECM turning point in 2015.75 was the peak in govt - correct IMO
Other points worth noting:
I notice that his calls tend to move further down the track each WEC
The Socrates training seminar is always looking at trades in hindsight
Nobody I speak to is able to grasp a sold trading protocol based off Socrates - this could be due to the way its taught or simply that it does not work in real time.
I was personally told at the WEC in 2015 that the "daily level CANNOT be used for trading when applying Socrates as it is just noise" - in the 2019 WEC we were told that it works over 80% of the time & the $ hit rate is much higher.
IMO most of the blogs are written by MA - the spelling is always poor & it is highly unlikely that the majority of attendees cannot spell.
Most of the questions on the blog start by saying how brilliant MA is for calling a low/high in a given market - the truth however is that he has not called any market low or high in real time
If Socrates is so perfect, why aren't we seeing hedge funds offer managed accounts to people?
I sum up by saying that Socrates is excellent at looking at data in hindsight & cycles of political change may be looked upon giving the reader further insight into the phenomena of the rise & fall of nations but that is it IMHO.
I have attended a number of WEC's since 2015 & am happy to give my impartial view on MA's calls so far:
Gold will go below $1,000 - so far wrong
EURO report delivered during a conference in Germany - so far incorrect
GBP - so far incorrect
Bonds - so far incorrect
HK$ peg to go in 2018 - incorrect
US$ to surge in 2019 - incorrect
DOW best market to buy in 2015 - correct
ECM turning point in 2015.75 was the peak in govt - correct IMO
Other points worth noting:
I notice that his calls tend to move further down the track each WEC
The Socrates training seminar is always looking at trades in hindsight
Nobody I speak to is able to grasp a sold trading protocol based off Socrates - this could be due to the way its taught or simply that it does not work in real time.
I was personally told at the WEC in 2015 that the "daily level CANNOT be used for trading when applying Socrates as it is just noise" - in the 2019 WEC we were told that it works over 80% of the time & the $ hit rate is much higher.
IMO most of the blogs are written by MA - the spelling is always poor & it is highly unlikely that the majority of attendees cannot spell.
Most of the questions on the blog start by saying how brilliant MA is for calling a low/high in a given market - the truth however is that he has not called any market low or high in real time
If Socrates is so perfect, why aren't we seeing hedge funds offer managed accounts to people?
I sum up by saying that Socrates is excellent at looking at data in hindsight & cycles of political change may be looked upon giving the reader further insight into the phenomena of the rise & fall of nations but that is it IMHO.
Thanks for posting. We really appreciate it.
Looks like the only questions you have are about Socrates, so I will try to address them.
Socrates is definitely only a hindsight system and cannot be used to generate profits consistently. Our experience is consistent with yours. Unfortunately it will never work so you have been waiting in vain. I would suggest you cancel your subscription unless you see value in viewing the markets in hindsight.
If the market moves in a straight line then Reversals will be elected with profit until no more Reversals are available. This is the only situation where Socrates works. But for this situation one does not need a trading system, not even a stop loss order. In other words Socrates cannot predict market turns such as the bounce after the 2015 Gold low, see Quarterly Superposition Event in Gold 2015.
Quote
... in the 2019 WEC we were told that it works over 80% of the time & the $ hit rate is much higher. ...
This is a lie. They must know that it does not perform at this success rate. It is at 50% if not worse. If it was better then they would not sell the service, rather keep it for themselves. Fraudulently misrepresenting the performance of this system is a crime. What they say is also in conflict with the disclaimer that they print on the Socrates web site. On the site they are basically saying it is not supposed to be used for trading.Most Armstrong products / services are pitched to be based on the predictive power of Socrates or his models. If the underlying claims about model accuracy are fraudulent then such sales are fraudulent as well whether it is a report, a seminar or Socrates, it does not matter.
Why are hedge funds not using Socrates? For the same reason. Any trading system that works would definitely not be shared and sold as a service such as Socrates. It simply does not make sense to share such a system.
The Martin Armstrong team is a bunch of sarcastic people who do not even hide the fact any more that they are looking for victims with their scam:
Quote from: Gumbi on December 29, 2019, 09:02:17 PM
There is no such thing as bad publicity. The irony is I found out about Armstrong from people like you.
HAHA my first victim
HAHA my first victim
Martin Armstrong's self-congratulating "QUESTION" emails are written by himself as you have observed. They are getting so grotesque recently that one can sense that he is not respectful of his viewers / clients, rather he sees them as victims to exploit. See The Fan Email Confidence Trick. At this level, and confirmed by the overwhelming feedback that we are getting about these questions, we can say that it is beyond doubt that these questions are fake.
Look, just two messages ago decipher11, a WEC attendee, pointed out how primitive the reversal system is from his perspective. Again, this is not an isolated experience. The whole Martin Armstrong affair is a total disaster, very sad.
I would suggest that you visit the links below and study all material presented there. It has cost us a fair amount of energy to build armstrongecmscam.blogspot.com. The information is biased, but accurate, based on facts, no opinion. If you have any comments, please post them here.
Martin Armstrong is a charlatan, and he spent 11 years in jail for that reason but he has not changed.
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