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    Socrates Examines Technical Strategy

    MBS, I am generally polite to people who are polite to me. If you ask enough questions of an ET poster, you can usually tell if they REALLY trade, which is the first test is paying attention to them. For example, YOU clearly trade. I mean NOBODY who DOESN'T trade would post charts like yours...
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    Obama will not let the old people and students down - Invest in senior living loans

    You putz! Are you back? SRZ did worse than the broader markets since you recommended it. Did I say "Putz"? ET is smarter than you think. You got a recommendation? At least post supporting evidence a six-year-old could follow.
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    Socrates Examines Technical Strategy

    Thanks. Those figures include reasonable commission and sloppage? They bear any relation to your own experience? Do you really believe 40 RT? I mean, with my systems I could easily take 40 scalps a day, but I don't see 40 legit SCT-type trades. One of these days I'll go into why, but I am still...
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    Socrates Examines Technical Strategy

    I neglected to make the point in responding to Ehorn that the reality of SCT is that the net-profit multiple of the daily range is far lower than the ideal multiple. Correct me if I am wrong, successful SCT traders. And please don't misunderstand, I ain't knockin' it, just trying to determine...
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    Socrates Examines Technical Strategy

    Well said, Trefoil, by a fellow lover of pleasing writing style in our native language. But in Jack's defense, never hearing of him outside of ET is no proof that he is a fraud. I mean, you haven't heard of ME either, and I am also a trading genius.
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    Socrates Examines Technical Strategy

    Well, shit, Ehorn. Watch me dance out of this. I calculate the high of the day on the 3:55 bar, which I make as 888.25. With a low of 868.75 on the 10:00 bar, the range is 19.50. So I think you are wrong, but I had a code error too, thank you very much, I owe you one, just ask. But don't make...
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    Socrates Examines Technical Strategy

    I think most of you are missing the point. I have gone over to the Dark Side. Attached are today's results for my SCT-Lite system: 20 round trips, 4.85X the daily range, 13.85 ES points after commish and random sloppage. I only started this thread to clarify the limitations of the method...
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    Socrates Examines Technical Strategy

    Jack, I notice that you did not address my assertion that if you skew the distribution of market order winners so badly that limit order traders lose, they'll change the game. Like they have with every other popular system the last 40 years.
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    Socrates Examines Technical Strategy

    Ehorn, thanks for the citations. If I wanted to sell SCT to the needy masses I'd hire you, haha!
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    Socrates Examines Technical Strategy

    Invoking partial fills does not save you, Jack. With market orders the market is moving away from you so fast near extremes that you can't possibly use as many contracts as you assert. Also, I note that I struck a nerve with respect to ATS. You don't got one do you? It's really not so hard...
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    Socrates Examines Technical Strategy

    Fabelhaft, MBS! You are undeed a Ren-ass-sance man! And done so quickly! You could become the new Ogden Nash. Need an agent?
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    Socrates Examines Technical Strategy

    Nice try, Jack. But I am up to your years-old trick of referrring to non-existing posts. C'mon Jack. You NEVER NOWHERE NO TIME ever said "pool extraction" is limited. If it's so easy to find, quote it. And you didn't even mention the question of the limited capacity of market orders to capture...
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    Socrates Examines Technical Strategy

    Dear virtual friends, and you too Jack, let me share with you all a senior moment. I come back upstairs to my basement from the attic downstairs after taking my old man afternoon nap, and I click refresh to view my favorite thread. All I see on the screen is Jack Hershey Jack Hershey Jack...
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    Socrates Examines Technical Strategy

    hanks for posting the chart, Ehorn. Is that really all you are using? No YM? No longer term channels (like daily)? No indicators, oscillators or EMAs?
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    Socrates Examines Technical Strategy

    FYI, in the vein (vain?) of bold perro-dictions, if this mid-day-all-afternoon condition persists, it mean some serious shit is about to go down after the close that THEY know but YOU don't.
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    Socrates Examines Technical Strategy

    Tum's is preserving the purity of the thread for ALL our enjoyment, haha! But to keep him jolly here (Vikana must be breaking a tooth), I will post some Neo-(no relation ) TA and make a bold, Jack-like prediction. As many know, but the Nobel committee has yet to recognize, my associate Joe...
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    Socrates Examines Technical Strategy

    I encourage everyone reading this to go over to our sister thread and look at Neoxx's latest chart. Doesn't it just drive you insane with the irresistable urge to crayola some support and resistance on it? I am constantly astonished that they never want to know WHY the highs and lows they...
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    Socrates Examines Technical Strategy

    Always with the one-lot piker ad hominem! In fact I mismanage accounts that could trade a couple thousand ES or so, but I learned from my beloved deceased Eddie Toppel to invest all but 1% or less and daytrade that to avoid the temptation to overtrade the investment accounts. The objective being...
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    Socrates Examines Technical Strategy

    666, while you're researching Neoxx's background, would you please try to find out if he is related to Nwbprop? I believe I detect a close resemblance.
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    Socrates Examines Technical Strategy

    Now that Sancho Panza is here, I can reveal that I am running SCT-Lite on a 1 minute NQ chart. It is up net 17.63 points as we speak. What was it the Monkees sang? "Now I'm a believer? There's not a trace of doubt in my mind?" Good catch, 666.
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