Thursday, March 06, 2008

Xyber9 (aka Gravitas)

I've been getting a slew of inquiries about Robert Taylor's work, Xyber9 (aka Gravitas from former Blogs), probably due to his CNBC television commercials. Most eveyone has the same question, "Does it work?"

Here are the weekly signals YTD, with SPX results. You decide if you can trade, or even find helpful, results like this:

12/29: SELL.....1478.....+67
01/05: BUY......1411.....+05
01/14: SELL.....1416.....+91
01/20: BUY......1325.....+31
01/30: SELL.....1356.....+30
02/06: BUY......1326.....+23
02/14: SELL.....1349.....-11
02/20: BUY......1360.....-30
03/01: SELL.....1330.....+18

A

9 comments:

Bruce said...

Alan, I did a trial and found it not useful at all. I think you have your own rule for when you do your buy sell but I have found that he picks the intraday low on the buy day and the intraday high on the sell day and if you are lucky enough to get those exact trades you can mimic his results but in practice some of the buy/sell days had very big ranges and if you bought or sold the open or close they would end up being losing trades. In addition, you need to have faityh that the signal is correct because in many cases you will suffer a big draw down in between the signals and most folks would not want to withstand the pain.

Regular charts with support and resistance seem to work much better for me.

Anonymous said...

The book is a waste. It is almost a copy of Dan Brown's Da Vinci code and is a novel and not something that teaches you anything you can trade with.

Allan said...

Bruce,

The numbers posted above were the closing numbers of the day he listed as a High or a Low. Pretty simple stuff. You are right in your critique that there is a large window for the precise High or Low pivot of the trend, but still, those SPX points netted will compensate for a lot of drawdowns.

All in all, I can understand that some traders find it useful while others do not. I find it useful and that's enough for my purposes.

A

Allan said...

PS: Today, Friday, was the next signal, a Buy, from Xyber9.

A

Anonymous said...

Allen, How do you trade xyber9? Options, eminis? Do you set a % profit per trade? Thanks, Doug

pjm said...

Hi Allen,
How do you factor in the monthly forecast? I believe right now Xyber9 is short until May.

Thanks,

PJM

Anonymous said...

Come on Allen, toss us little guys(non trade villa material) a bone and answer Doug and PJM's questions!

Allan said...

when i have time i'll post an analysis of the intermediate term Xyber9 signals and you can judge for yourselves if it can be useful as a stand-alone indicator or a filter for the short-term signals.

as far as giving away specific trading strategies, i would prefer to point you in the right direction then hold hands; there are a lot of reasons for this, more then i care to get into right now.

Bruce said...

I'm curious...So did his buy work out with the corresponding sell day for his last call? If you bought at the end of the day on that Friday and held to the end of the day this past Friday you would be underwater at this point.