Hello Hissho,hissho said:
I have essentially decided to greatly curtail my posting on ASF for a number of reasons.
I received a very unpleasant PM a couple of weeks ago that accused me of plagiarising materials from the net (the implication was that I was merely paraphrasing and copying materials from Bill McLaren’s site and Frank Dilernia’s materials). I was in essence told I should stop posting on ASF (essentially that the ASF wasn’t big enough for the two of us).
Normally, I wouldn’t let this effect me, and really couldn’t care less what this person thinks.
However, the most upsetting thing to me on a personal note though, was the bizarre and chilling threat by this person to “slit their wrists”, and that I could attend their funeral in Adelaide. Hey, I have a sense of humour like anyone else, but this was extremely callous given this person has no idea of the pain and emptiness left after a suicide – to those left behind it is often a sharp devastating tragedy that cannot be erased, and lives with you forever.
So, on top of this tirade of sociopathic abuse, wavepicker and I just got sick of all the nonsense from the peon brigade, the clowns misleading people, and the deluge of self promotion.
I find it truly ironic that this person ostensibly stands for free and open discussion, but acts in a way that is contrary to being inclusive, and in fact causes a considerable amount of unrest. Chest thumping about how good one is, and deriding others unnecessarily I think is antithetical to the spirit and intent of what the ASF was supposed to be about. In fact it is downright hypocritical.
What irritates me most is that I’m now supposed to drop everything for this sociopath/egotist, and put up all the IP I’ve developed over the years for him to look at – otherwise it’s all “smokes and mirrors”.
Reality: I called the most probable date of the recent high, well out from the event, then a week out called the most probable index level for the XAO within a point.
In my style there is no guarantee that any forecast will work, only probabilities which are estimated using a range of methods. Firstly, I clearly identify the highest probability in my posts first, then balance these with failure criteria. It’s really simple, but the peon’s label this as an “each way bet”. This is so obtuse not recognising that with any forecast, you need to identify the criteria for the primary forecast to fail, and what the ramifications are if so.
Hence my comments were very careful to identify caveats where the forecast may have failed, and the possible scenarios that might unfold. In my style, different aspects have different levels of probability, and the actual pattern that unfolds may require some adjustments along the way (many micro, some macro), since the realm of possibilities is quite large, but the major tipping points can be identified and assigned probabilities.
I strongly resent being accused of plagiarism, and I resent being characterised as a charlatan. I have no course to sell (unlike others – what I do is to say what worked for me if others are interested – that’s all, no affiliation). I do NOT teach Gann methods in any professional capacity (I do sometimes teach in derivatives – specifically options - under licensed organisations – but in financial circles Gann is considered “Voodoo”, so I usually diplomatically avoid motioning it).
If any other person called the XAO top specifically (aside from Yogi’s smiley face in his post), and more importantly the index level, I’d like to see someone demonstrate this, and then demonstrate that I plagiarised it. Frank Dilernia did not specifically identify a date (+/- 1 trading day), or specifically identify an index level. He did in fact correctly identify February – March as dangerous for longs, and did correctly forecast wide range days in March. For that matter, so did a lot of commentators. None that I know of called the date specifically as a high, or the index level. I did.
To assert that I plagiarised from Dilernia or McLaren is patently false, and I categorically deny this accusation.
As a result of this ongoing unpleasantness, I have decided to focus my attention on trading and the ongoing development of my trading style. While I have enjoyed many of the discussions on ASF, and think that there were some really constructive threads and some great people, there are a small minority of spoilers that have dragged the site down to the point I find it hard to be motivated to post anymore.
While I didn’t want to make a big song and dance about this like some prim donnas, (and don’t want to be one – ironically doing this in a way achieves that – I really wish it didn’t), essentially I’ve had enough…
There are some who have PM’d me, and I’m happy to maintain contact in this way for the time being for those who are interested. I may from time to time post some musings (probably on this thread).
I hope that the discussions in the past have given some of you food for thought, wether we agreed or not, and that the course of the discussions has benefited many of you.
I wish all of you the best of luck and success.
Yours Faithfully
Magdoran
