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Thanks, man. I'll put it up and watch it. Never been much of a fan of stoch, perhaps because Jack advocated its use years ago. Got time for a serious question amidst all the fun? Why 2 minute? Long time ago I dicked with 1, 2 and 3 and settled in on 1 for the clarity of drawing trend lines...

Dolly, excuse the interruption, I didn't realize you all were having so much fun over here, but what is the time scale of the charts you posted showing the efficacy of the Stoch? Thanks.

Y'all (all y'all) remind me tomorrow to post Error #6: SHADOWS ON THE WALL. (Yes, THAT Platonic allegory.)

I noted earlier that Spydertrader (who DOES PM me, does Jack know that?) has diverged from unorthodoxy, verging on becoming the Martin Luther of SCT. For example, whatever happened to using the Stochastic and RSI? Those were mainstays of the method at its inception. Spydertrader sayeth naught of...

Dolly Llama, I need to introduce you to ET poster Kokomo Bogart. A dual personalitied fellow with close ties to Jack.

Error #3: ALWAYS IN. I decided to relent and treat of this all-important error because of the overwhelming response this thread had today. No matter that a lot of it was shit-slinging by both camps. If indeed I may be said to have a camp of my own. My threads are camp to be sure, but official...

Cocaine, thank you for recognizing my serious intent. Most people don't.

DevilII, admitting you ever PMed me will get you drummed out of the SCT corps. And I am jealous of people who get PMs from Jack. He just ignores me. And I am trying soooo hard to help. But maybe he's not sure who to PM.

Nkhoi, thank you for your beautiful examples. Actually I called it a triple whammy because the case I trade a few times a week is a REAL BO, it just retraces to the right side line before revealing itself to be so. And beware Error #2: coloring volume bars by the price bar color can lead you...

As Jack is so fond of saying, BB: "Do the work!"

Erreur numero cinq: NOT ALL TRENDS END IN FTTs. (Yes, yes, Nkhoi, the expert practitioner such as yourself already knows this, and trades traverses not channels, but TTBOMK the average Spyder's webber doesn't.) There is a broad class of frequently occurring channels which ends with a BO...

It was gargled.

N.Q. is solely a moonatic, has little knowledge of the higher maths, and wouldn't know Copernicus from Ptolemy. Clearly you seek understanding of the effect of retrograde planetary motions on the markets. As I am ET's resident recidivist, I have been chosen to respond. Alas, I cannot, because I...

Error #4: SCT Undertrades (ET does not deserve to know what Error #3 was. I gave you a hint. You can figure it out for yourself.) Jack in his first post to this thread (much appreciated) stated that the expert practitioner trades upwards of 40 times per RMH session. Using elementary...

Since the thread has gone to hell anyway, I'll make an OT remark. Since November of last year, we have witnessed a schism in SCT equivalent in import to the separation of the Roman Catholic and Eastern Orthodox churches over a millenium ago. Jack's first post to this thread referred to the...

Indeed, Jander and Maxpi. FTTs usually occur at probable S/R intraday or at S/R from longer time frames. I find channels useful intraday only for monitoring bull and bear flags. Otherwise IMO they are just distractions that tempt you to make low R/R trades with inadequate information. See Errors...

Bye bye, thread. And I didn't even get to Error #3.

One suspects that it is your asshole which has been bored.

There being no convincing refutation of the assertion of Error #1, I proceed to: Error #2: "Up" Volume and "Down" Volume Ain't Always Just as FTTs ain't always (their misinterpretation persists even after much patient coaching by Spydertrader), up volume ain't always up and down volume...

Thank you for posting, Jack. But don't forget to read my future post on Error #2. You might learn something about your own assumptions. That's an assumption of its own, of course. That you can learn.