Each entry must have an image of the charts proving exactly what was happening. also sorry, as in his videos, I must black out the specific parameters of each indicator. All stocks done before this date will be exempt from this blog.
For maximum participation, you will have to buy it yourself. I'm not telling you if you should do that or not. If you are poor you can ask for it for free, and I think he does give out some free ones.
For simplicity, I'm going to focus mostly on the actual stock price gains or losses. They would be magnified if you use options as he does.
Please someone correct me if I have something wrong here:
The price must move past the EMA in the same direction (above=bullish, below=bearish)
There should be a "pivot point" given on the chart which correlates to the SD below (red/green arrows)
The UO should be moving (upwards for bullish, down for bearish)
SD finishes a peak, i.e. don't trade at the peak (this is usually the first indicator I think)
CMO up is bullish, down is bearish
It takes all 5 triggers for an evolution system signal.
In the image of the S&P:
The green lines are buys, and the reds are sells. I threw a few dots on that bottom one, I believe even though they are distant from the pivot point, they still qualify with all 5 indicators. Until I learn otherwise, I'm assuming the pivot point does NOT have to be recent. It just has to match up to the most recent pivot point arrow.
Additionally, not that you don't have to wait for the opposite signal to get out of a position. If you are conservative, you might bail at the first indicator that goes against you. For example, in the volatile spot in the middle (brexit) so indicators told you to get out at least a day sooner, and there is a pivot point 2 days sooner (although it wouldn't have been established)
My friend this is top notch work! I am now a fan of yours!! I hope you keep this up. Again EXCELLENT work.
ReplyDeleteGreg
Also keep in mind, anything pertaining to Mannarino is IRRELEVANT! We are testing this system, it could have been designed by sea monkeys. Either it works or it doesn't. Let's find out together.
DeleteAnything pertaining to Mannarino is highly relevant, as it involves his experience (or lack of) as well as exposing his bullsht salespitches and documenting his BS over time, like his embarassing old geocities page involving zodiac sign interpretation and spy services to go along with those stock picks. But keep removing comments that you don't like...just like GM does.
Deletefalse! The success of the system is all the matters.
DeleteMaybe in a perfect word, but the question of his scamminess factor and motives are entirely relevant. Why is he so against providing ANY type of statement? So he claims he spent 5 years developing it...but can't provide any statement or backtest and gets hostile when one asks? Very strange.
DeleteGM is a physician assistant at Southwest Medical. Here is his old webpage (oocities.org/gjmannarino/) where he sells stock pics, zodiac interpretation, a blackjack book claimed to beat the house, and spy services. He never shows actual profit/loss statement evidence for his claims of his system being profitable, let alone beating other systems. He is a self-published retail investor who has a day job playing investing expert on the net.
ReplyDeleteHe has posted his profits many times. Not the dollar amounts but percentages. You can beat the house in blackjack, that's well established. They even made a movie about it.
ReplyDeleteSo you can beat the house in blackjack...but still have a day job? Why aren't you wealthy then? Think about it. You're being scammed.
DeleteThis comment has been removed by a blog administrator.
DeleteThen GM is a really shitty scammer, so bad he should probably give it up so he can at least afford to eat.
DeleteI've been following him for at least a couple of years now.
He keeps giving away information for free (without upsell), encouraging people who follow him and make money from the info he gives out to give a proportion to charity. Not his charity.... any charity.
The EvoSystem is $25... even if every single person who followed him purchased a copy (unlikely) this amounts to a pathetic sum given the time it takes to produce multiple videos each week.
But hey there is always someone who is trying to be the next James Randi.
Again, he is selling a FINANCIAL product, there are rules, laws, etc. He should at the VERY LEAST provide a backtest of his system, not just 'uh spend $25 and find out for yourself' type of stuff from him or his followers, that proves nothing. Even better would be to provide a profit loss statement, which he will never, ever do. Ask yourself, why is he selling it for any $ if he supposedly makes so much from it? And why does he even need to sell it if he had a blackjack system that supposedly beat the house. You've just bought into his salespitch. As far as Randi, that's a compliment. You can only debunk something that has bunk to begin with.
DeleteWe are testing it right here. Your comment is pointless, because if you are correct, we will find it out and you won't need to say anything.
DeleteYou are trying to convince people of a conclusion before we get the evidence.
As far as the black jack thing, counting cards for an advantage is a proven fact.
GM is trying to convince people of a conclusion before evidence, "renders all other systems obsolete", "the holy grail", etc. type of salespitch. Where's the backtest? Where's the evidence in profit/loss statements? Where's the evidence he "beat the house"? Cricket sounds.
DeleteYou can easily backtest it if you want. Start your own blog.
DeleteThis will, or won't be the evidence. Are you a scientist? Do you know about the scientific method? I do and I am applying it. I've started the experiment and now I'm going to collect data and eventually reach a conclusion.
The person selling it should backtest it and provide the evidence. He's the one claiming it is such a money maker. I think selling it to newbies and naive is the money maker...
DeleteI wouldn't trust his backtesting anyway.
Delete