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#1
20th March 2007, 08:53 PM
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Wisdom of Thomas bulkowski
Wisdom of Thomas bulkowski
Visited Thomas Bulkowski's site http://thepatternsite.com to learn Chart patterns He made me wiser.He is making money selling books, not trading. His trading performance shows it.http://thepatternsite.com/trades.html Some more wisdom from him. http://thepatternsite.com/faq.html Whatever he has made is by buying fundamentally strong value line stocks and holding for medium term Anyway I dont want to be a loser trading his patterns, and I dont want to make him richer buying his books. 
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#2
21st March 2007, 09:00 AM
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Re: Wisdom of Thomas bulkowski
Quote:
For eg., we were of the opinion that breakout from ascending triangle usually takes the direction of the previous trend (ie upside breakout), and that sometimes it breakouts downwards. But from his statistics we can see that the breakout probability on both sides is almost equal. And that most of the breakouts, and not some (as we were thinking) are followed by pullbacks. Whatever may be the critics, his book/website makes us aware of lots of things. Praveen.
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#3
21st March 2007, 10:27 AM
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Re: Wisdom of Thomas bulkowski
Quote:
I wont like to comment upon other things but returns are good. We have to remember that returns are relative and not absolute. A lot many fund managers wouls strive to get such kind of returns. Even in the last calendar year, the much talked behemoths (Hedge Funds Industry) could not manage to earn more than 13%. Best Regards, --Ashish
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#4
21st March 2007, 09:04 PM
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Re: Wisdom of Thomas bulkowski
Hello Friends
To trade the markets successfully ,everyone must find his own system. If you can trade the patterns profitably, stick to that. At present I trade a mediocre system which I want to improve upon. one must have absolute faith in the concept to trade it successfully But I dont find it in pattens.Just posted my thoughts after going through the site. Regards Niranjanam.
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