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Agreed, Ehorn, my numbers are probably way off, just a quick hack in an alcohol-induced haze. But you get the point. I, too, have a long way to go to need to worry about it. Later I'll talk about how many contracts one can actually trade at the peaks and troughs you seek to capture. That, at...

As to Jack's charity, and my lack thereof, I am focussing on Neoxx because his support group has done him no service by encouraging him in sideshows unrelated to trading. He needs to TRADE. Not spend money on unnecessary computing horsepower, distracting hyper personal awareness and endlessly...

Uh, Lordly, Tums may be censoring for MY benefit. Chill. We are the rabies shot, not the rabies.

Well-quoted Mandelbrotset. You know your Republic.

Much better, thank you, though I did sense a bit of hostility and condescension toward my modest person, and you threw in PVT as a red herring. No matter. The ramp up curve was most certainly presented as realistic because Jack said in that very post ES can support 100,000 contracts in play by...

Ehorn, I presented a reasoned argument based on first principles. An Aristotelian argument to be sure, not a Cartesian one. Is your post the best refutation you can come up with? Calling me stale? Thinking my motives petty? To get past ad hominem, let us stipulate that I am a snot, a prick...

Stefan, very how very cleaver of you! Euthyphro he is! But he will not stoop to debate me. A surrogate will appear. What I wanted was for Neoxx to join us in the role of naif. HE is the youth of the new Athens whom I hope to corrupt. He is the quintessential true believer. Were I as diligent as...

Actually, Lordly, I was thinking of the comedian who asked his audience: "Did you ever take a shit so big your clothes fit better?" Socrates was noted for his earthy language. Stay on point. If I give SCT an enema drawn from the "extraction pool", can I bury it in a thimble?

I will be quiet for a while and let this critique sink in to the SCT community. I have proven to my own satisfaction in a top level argument that "pool extraction" is a myth based on wishful thinking. I eagerly await both refutations and better proofs. Remember that nothing I have postulated or...

Lordly, you know exactly who I am. When I am ready for you the flamethrow the thread, I'll let you know. Get serious and join in. This is sanctioned SCT bashing as long as it stays on a high plain. ET's sensitivity to satire and parody is very low. They don't react to it consciously but...

Now to return to the issue of "pool extraction". Our job as market order speculators is to provide liquidity for hedgers and to pay at least the spread for the noble service we provide to Olympian limit order traders. Collectively in the long term we are not supposed to make any money. And I can...

Anti-Hurst, I know wherefrom you come. What I know will be left only to my wife and to a former lover. I paid a hideous price to learn it. And the net present value of it is priceless. And all of it is trivially simple beyond imagining. But I digress. My critique of complexity must wait for...

Dackster, I am deadly serious here. My aim is to distinguish myself from the kind of drivel totally unworthy of ET posted in this absurd thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=149095

Anti-Hurst, everything I do in the trading is based on what I consider to be hard knowledge. By hard I mean explicit in the sense that Michael Polanyi distinguished explicit from tacit knowledge. I believe that acting on explicit knowledge earns profits. But otherwise this thread IS about...

No, no! My mistake! Kindly do contribute as you see fit. But I must say that I am aggrieved that you find my attitude toward technicals to be irreverent. In general I believe in S/R technicals and in some momo technicals. My dull wit is pointed squarely and solely at SCT and its aspirants. If...

Regarding pool extraction's potential, ask yourself: What must the emini limit order trader make on the time scale of many days? And how much can they collectively allow us collectively to make on that same time scale? For that defines the "pool".

Well, Dackster, I can only answer truthfully without consideration of the answer's stupidity. Successful market strategists are mental judo artists. They use against the market what it offers. But mine is the answer of an S/R trader, not that of a momo trader. Are you trying to make a Socratic...

You are a fine straight-man, Dackster. I shall turn to you when I go on the road with Comedy Trading School. The CME an eleemosynary society? Belief in that is as adult as believing in Father Christmas. But that is the ultimate absurdity of those who believe in "pool extraction", that...

Where to begin? As a philosopher, I will begin with philosophy. To me, trading is not technical, it is philosophical. Once you understand the philosophy of trading, the technicals follow perforce. More specifically, trading is epistemological. Once we know what we know, and believe in what we...

Thank you, Dackster, for the encouragement. To quote Jack Benny from an old radio skit: "I'm thinking! I'm thinking!" And to my rabid friends in Australia and British Columbia, thank you for your forbearance.