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    Extraordinary Popular Delusions & the Madness of ET

    225, yes, there seems to be something brain dead in experienced traders who pick up SCT, like a boil from a public toilet. Whereas before they cried "Double bottomy!" with delight, now they see FTTs. Or a lower low on lower volume. Or, heaven forfend, a higher low. My generation remembers CCC as...
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    Extraordinary Popular Delusions & the Madness of ET

    "Fair dinkum", Allaces? Just when I was beginning to like you. Did I mention I also work with criminals and whores? My sub-specialty is the special psychological needs of descendents of victims of the Crown Transportation Acts, primarily in Appalachia. We are thinking of seeking reparations, as...
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    Extraordinary Popular Delusions & the Madness of ET

    Well, Nkhoi, that brings me back to one of my old gripes. If I were to teach someone to trade, I think I would teach them trading process before I taught a trading method. By process I mean the psychology of trading and the cool mindset it takes not to get rattled and make stupid mistakes. Let's...
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    Extraordinary Popular Delusions & the Madness of ET

    Thanks, Allaces, I needed that slap in the face. As I type I am carefully studying Dr. Kraepelin's KKK system to see if I would prefer his intraday approach to N.Q. Enqueue's daily bias system. So many hard choices here on ET! Also, Jack keeps promising to show us backtesting results for SCT...
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    Extraordinary Popular Delusions & the Madness of ET

    Thank you for correcting the oversight, Nkhoi. I will have to compare notes with Dr. Kraepelin more often. But I cannot give up without a cavil. Wasn't Steve Tvardek profitable trading stocks before he got religion? And if so, doesn't that make him guilty of practicing the CO, and even worse...
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    Extraordinary Popular Delusions & the Madness of ET

    Thank you for that, Allaces. Maybe that could be the B-Team's new motto: HTFU! Can't draw and redraw channels, monitor price in relation to them, crayola volume, watch YM on a fast frottale at the same time, and capture that fleeting str/squ with split second timing all at once? HTFU...
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    Extraordinary Popular Delusions & the Madness of ET

    Ugh! I just slogged through the past four days of Spydie's SCT thread. I couldn't read any further back. I reiterate: FTT means "failure to trade". Or at least failure to post any execution reports there. What meagre documentation of real money they have on the line is posted elsewhere. Congrats...
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    Extraordinary Popular Delusions & the Madness of ET

    Thanks for the update, Nkhoi, I don't read that thread much any more. It long since went WAAAAAY past my limited capabilities at my age. Jack must have thought all that shit up when he was younger.
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    Extraordinary Popular Delusions & the Madness of ET

    225, if I understand it correctly the hINDU-ESe stretch/squeeze has to do with observing temporary maxima in the value of the cash/fut premium. I haven't bothered to look at it recently because I just can't seem to do the work and get past charnels. From years ago my recollection is that Jack...
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    Robert Minor Talk at AfTA

    Dear fellow traders, Mr. Minor speaks in Dallas soon. Would anyone who has heard him speak kindly tell me if you think it would be worth $20 to listen to him? Remember, that's big money to me, four NQ ticks. Have to sweat hard for that. Thanks, Art.
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    Extraordinary Popular Delusions & the Madness of ET

    Jack has taken poor Bearbelly to the woodshed for being the first of the faithful to say he can't sweep that much shit and make any sense of it. Now let's not fault pauvre BB for the sin of demonstrably being of average intellect (so, apparently, are we ALL relative to Jack). He's giving it the...
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    Interactive Brokers is going PUBLIC !!

    The harbinger of doom, a sure sign of the top.
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    Extraordinary Popular Delusions & the Madness of ET

    Thank you, Emil, but I am quite capable of managing my own thread. Don't they need you to provide first aid over at Spydie's? What is one to make of a "trader" http://www.elitetrader.com/vb/showthread.php?s=&postid=1434201#post1434201 who opines endlessly, and supports his opinions with...
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    NDX Daily Analysis

    Cruel ET! Have you no pity? You abuse those who only want to help you, and then leave it to me to pick up the pieces! Were it up to me, pauvre N.Q. would have taken ET's temperature rectally, with a turkey thermometer! Begone! All of you! Buy! Buy! Buy! You dumb fucks! I and my patients are shut...
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    Extraordinary Popular Delusions & the Madness of ET

    I thought this thread was well-conceived, and was much saddened that it was polluted by idiots. But such is ET. Anyway, for days I have had a nagging intermittent subliminal feeling of unease on ET. Finally, it hit me. It's that fucking Direct Fills ad! Voila! An extraordinary delusion: that...
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    Why was the "Objections to SCT" thread closed?

    Now THAT is richly paranoid! The B-Team is a cabal that wants to preserve the conventional orthodoxy that causes the majority of traders to lose? How much will YOU pay us to stop? Make us a counteroffer!
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    Why was the "Objections to SCT" thread closed?

    Dear Mr. Thunderdog, it pains me to criticize you, but I must point out that you mis-spelled the word "onus" in your post. In the context of a Hershey discussion, I believe it is spelt "anus". All the best, Art.
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    Uncertainty and Risk in Short-Term Trading

    Thanks for your post, Joe. It inspired an epifanny in me. In all the time I have been here, I have failed to make the connection between what I tell my trading therapy clients and what is wrong with ET: BE QUANTITATIVE! I see words that imply quantity: risk, time, momo, volatility....but no...
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    Predicting is ***Unavoidable***

    Mak, thanks for the plug! But I think it was an ass plug. An extra-wide spiral shaped one.
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    Extraordinary Popular Delusions & the Madness of ET

    Cellmate, this is MY thread, and all herein post under my sufferance. My intention is to teach trading using humor, as most ETers are so ADD-addled that you can't get to them any other way. I think of my threads and my homey trading aphorisms as their Ritalin. Oldtimers here know the drill. As...
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