Search content
Sort by
Showing 9 of 9 results by bleachberu
Well done bikefront!
Good that you took advantage of this market volatility, presumably using your own set of TA rules and tools.
A shame, socrates couldn't do the same the past 3 days although there were some private blogs published on the matter, but the usual macro views and support lines. Not tradeable as usual...
One will always be a student of the market (no matter how good you think you are or your system is) and that's why the market is the market. Even Warren Buffett and Ray Dalio made mistakes to put things into context.
Good that you took advantage of this market volatility, presumably using your own set of TA rules and tools.
A shame, socrates couldn't do the same the past 3 days although there were some private blogs published on the matter, but the usual macro views and support lines. Not tradeable as usual...
One will always be a student of the market (no matter how good you think you are or your system is) and that's why the market is the market. Even Warren Buffett and Ray Dalio made mistakes to put things into context.
Anyone seen this?
http://armstrong.forumprofi.de/showthread.php?tid=76
Seems like a dedicated thread on his work...not a lot of postings but seem like the very few forums out there attempting to understand his work/scam.
ps: MA is now offering another special subscription to the Dow for $1,500 for 1 year...
http://armstrong.forumprofi.de/showthread.php?tid=76
Seems like a dedicated thread on his work...not a lot of postings but seem like the very few forums out there attempting to understand his work/scam.
ps: MA is now offering another special subscription to the Dow for $1,500 for 1 year...
To update everyone, MA will be posting monthly and quarterly endings in his PB which should come out later today or tom. Would be interesting to read what he has to say now that G20 is over and markets will pop with relief.
I think we should just track Gold to test the accuracy and prowess of Socrates. His magic number ($1,362) was broken in June and closed above it for monthly.
Cheers
I think we should just track Gold to test the accuracy and prowess of Socrates. His magic number ($1,362) was broken in June and closed above it for monthly.
Cheers
MA posted a few PBs since Friday. One of them discusses Gold. I am guessing this is the cleanest one to track. Let's see if he or socrates gets it right.
I trade the Dow myself so let's see if the 4 groups of 'false moves theory' will play out. This is the first time I heard him speak or write about the 4 groups...
This week's market moves will be quite binary simply because the Trump-Xi meeting outcome is more or less binary. Realistically, they will kick the can down the road?
End of this month will also be the monthly close.
Btw, another cycles forecaster is also calling for a large drop to come soon (this summer), followed by a climb higher (final 5th wave to a 500 year top). This bit jives with MA's PB call.
I trade the Dow myself so let's see if the 4 groups of 'false moves theory' will play out. This is the first time I heard him speak or write about the 4 groups...
This week's market moves will be quite binary simply because the Trump-Xi meeting outcome is more or less binary. Realistically, they will kick the can down the road?
End of this month will also be the monthly close.
Btw, another cycles forecaster is also calling for a large drop to come soon (this summer), followed by a climb higher (final 5th wave to a 500 year top). This bit jives with MA's PB call.
Could you expound on this 4 groups thing? Oddly, it sounds like something I've developed although I'm sure it is something else.
MA is saying that before a massive move up or down, it is always preceded by a set of 4 false moves ie opposite direction. E.g. he is saying the Dow will rocket a lot higher from here but only after 1 more false move down. So far, he noted there have been 3 false 'corrective' moves downwards from 2018 till now. So 1 more more to go...
I believe he is basing this theory of 4 moves from the 1929 and 2008 crash, which was also similar.
He illustrated the above using charts.
MA posted a few PBs since Friday. One of them discusses Gold. I am guessing this is the cleanest one to track. Let's see if he or socrates gets it right.
I trade the Dow myself so let's see if the 4 groups of 'false moves theory' will play out. This is the first time I heard him speak or write about the 4 groups...
This week's market moves will be quite binary simply because the Trump-Xi meeting outcome is more or less binary. Realistically, they will kick the can down the road?
End of this month will also be the monthly close.
Btw, another cycles forecaster is also calling for a large drop to come soon (this summer), followed by a climb higher (final 5th wave to a 500 year top). This bit jives with MA's PB call.
I trade the Dow myself so let's see if the 4 groups of 'false moves theory' will play out. This is the first time I heard him speak or write about the 4 groups...
This week's market moves will be quite binary simply because the Trump-Xi meeting outcome is more or less binary. Realistically, they will kick the can down the road?
End of this month will also be the monthly close.
Btw, another cycles forecaster is also calling for a large drop to come soon (this summer), followed by a climb higher (final 5th wave to a 500 year top). This bit jives with MA's PB call.
My goal was for socrates to give me an edge in trading and looking at markets. Over time, I naively got sucked into the hype and expected the system to be God's gift to trading. As I shared in my earlier post, as I took notes, I noticed that the levels given were not that useful for trading and the whole system was ambigious at best. Even the manual they gave us during the WEC was also not very clear on how to use the system because ultimately, it was not transperant nor instructive.
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
The other interest I had was on his megatrends which I wanted to prepare for. Again, as I mentioned, some of his macro calls are playing out (see my earlier post) but I continue to question his other megatrends forecast after finding this thread.
Btw, on his socrates main page this am, it shows dollar index bullish but 10Y bearish (both monthly)...interesting. I guess the 10Y call kinda played out but 10s were already moving down since May...
Would be interesting to see what gold does at 1362.
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
MA has been yelling for a long time that that is an important monthly bullish.
Gold is now trading at ~1354
Gold broke the magic $1,362....now $1,383...Asian hours.
Separately, anyone here follow worldscycle institute? It's another paid service but with free blogs. I'm not subscribed to its paid service yet, just tracking it's calls.
Think he got 2017 wrong big time but the author did admit it...can see there's a wealth of info that's using EW etc. More conventional and no deep state stuff conspiracy stuff. Just markets and EW counting.
Cheers,
B
Think he got 2017 wrong big time but the author did admit it...can see there's a wealth of info that's using EW etc. More conventional and no deep state stuff conspiracy stuff. Just markets and EW counting.
Cheers,
B
Hi All,
I found this thread when someone posted on the slack channel that I follow. Basically the channel where a few of us from WEC hang out and discuss the system. I'm also subscribed to his basic membership.
Spent the past week reading the last 20% of this long thread and thank all the contributors for sharing the light on MA and the system. I've also had my frustrations with the Socrates system. All the reasons have been well explained already, so no need for me to add. The net result, it is not usable for trading. I'm also disappointed because when I first learned of MA (from work colleagues), I was amazed at his story and naively got sucked into the hype, attending 2 WECs in Asia when he had them here. (was frustrated with that also because Day 1 was just blog recap day but I enjoyed meeting other like minded attendees and made friends). Naturally, like many, I was extremely interested in the so-called Dow sling-shot move. I missed the GFC opportunity to invest and plan to go all-in on the next, which is overdue in my view due to QE. Hence, that desire made me more excited about his call because it resonated with what I wanted for myself...
As for the private blogs, I do find them interesting occasionally but again, the results are mixed at best. I do copy them out to powerpoint, just to keep track of his calls but as you many of you know, the gaps between the reversals are often so wide that it not helpful.
For the public blogs, he does post interesting stuff once in a while and helps me to look at the world with a less than rosy lens so I continue to read them. Some of the blogs posting are completely bizzare to me at least, so I just shrug and move on.
Having said all that, I am still subscribed to his macro view on a few things (they haven't played out 100% but it seems to be heading in the direction he's been calling for but again timing is everything right?):
1. Euro bearishness and ECB/Draghi role in the bond market/debt consolidation issue
2. Rise of populist parties in Europe, eventually leading to a breakup of the EU (I first read about the immigration issues in Europe causing strain from his blog to be fair)
3. Next crisis to stem from the broken/zombie pension system which requires the magic 8% return to satisfy their future obligations as baby boomers start retiring and drawing down
4. Climate change - haven't made up my mind entirely on this one but it does seem that all the early research (Al Gore stuff) is baloney and I do observe increasingly extreme weather patterns globally
The reason I still subscribe to some of the above is because I do have a background in finance and currently work in markets. These issues do make sense to me and interestingly, never discussed formerly on wall street. I'm always a student of the markets and look to external views to supplement my wall street ones (and avoid group think).
Anyway, many thanks to all here who have opened my eyes. I'm going to start taking MA/Socrates with a tablespoon of salt from now on. Will keep my $15 subscription but no more conferences for me.
Cheers,
B
I found this thread when someone posted on the slack channel that I follow. Basically the channel where a few of us from WEC hang out and discuss the system. I'm also subscribed to his basic membership.
Spent the past week reading the last 20% of this long thread and thank all the contributors for sharing the light on MA and the system. I've also had my frustrations with the Socrates system. All the reasons have been well explained already, so no need for me to add. The net result, it is not usable for trading. I'm also disappointed because when I first learned of MA (from work colleagues), I was amazed at his story and naively got sucked into the hype, attending 2 WECs in Asia when he had them here. (was frustrated with that also because Day 1 was just blog recap day but I enjoyed meeting other like minded attendees and made friends). Naturally, like many, I was extremely interested in the so-called Dow sling-shot move. I missed the GFC opportunity to invest and plan to go all-in on the next, which is overdue in my view due to QE. Hence, that desire made me more excited about his call because it resonated with what I wanted for myself...
As for the private blogs, I do find them interesting occasionally but again, the results are mixed at best. I do copy them out to powerpoint, just to keep track of his calls but as you many of you know, the gaps between the reversals are often so wide that it not helpful.
For the public blogs, he does post interesting stuff once in a while and helps me to look at the world with a less than rosy lens so I continue to read them. Some of the blogs posting are completely bizzare to me at least, so I just shrug and move on.
Having said all that, I am still subscribed to his macro view on a few things (they haven't played out 100% but it seems to be heading in the direction he's been calling for but again timing is everything right?):
1. Euro bearishness and ECB/Draghi role in the bond market/debt consolidation issue
2. Rise of populist parties in Europe, eventually leading to a breakup of the EU (I first read about the immigration issues in Europe causing strain from his blog to be fair)
3. Next crisis to stem from the broken/zombie pension system which requires the magic 8% return to satisfy their future obligations as baby boomers start retiring and drawing down
4. Climate change - haven't made up my mind entirely on this one but it does seem that all the early research (Al Gore stuff) is baloney and I do observe increasingly extreme weather patterns globally
The reason I still subscribe to some of the above is because I do have a background in finance and currently work in markets. These issues do make sense to me and interestingly, never discussed formerly on wall street. I'm always a student of the markets and look to external views to supplement my wall street ones (and avoid group think).
Anyway, many thanks to all here who have opened my eyes. I'm going to start taking MA/Socrates with a tablespoon of salt from now on. Will keep my $15 subscription but no more conferences for me.
Cheers,
B