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4XCzar, Magna is a serious and conscientious guy who wants that thread to remain pure as an educational service. So he deletes any questioning or OT posts. Other moderators, alas, do not extend the same courtesy to contrary threads elsewhere. They allow them to be polluted without moderation and...

Gentle readers, please permit me a coda. Jack, bless his heart, always makes me think, and in this regard he is nothing if not heuristic. I should have titled this thread "Potential Errors in Coomonly Accepted Charting Assumptions." Because what I am talking about is not unique to SCT. And that...

Bingoking, I agree with you that one of Jack's virtues (and in truth he has more than a few) is that he encourages us to have higher profit aspirations. But I think he goes too far with the 3X daily range, as IMO reaching for that encourages unduly risky trades. In fact, that is ultimately where...

Jack, you are a great stright man, but I am not ready to talk about Error #3, "Always In". I have yet to treat of Error #2 "Uncertainty in Volume Bars", which the civil discourse here (with the exception of you) encourages me to proceed to do. My but we are touchy today. Your defensiveness makes...

Achilles, I cannot comment on what you say about complex interactions between time frames. My foci are solely on long term investment using simple trend following rules, and on scalping intraday.

Achilles, I find value in charting trend lines in time frames that other traders use, whether they agree with the exact one minute trend line or not. I personally do not believe that higher order trend lines have any bearing whatsoever on one minute behavior, except insofar as that behavior...

Jack, you disappoint me. Rather than consider and directly attempt to refute what I said, you make an ad hominem attack. I would think that you would restrain yourself since you have been on the receiving end of the same your entire posted life. To be perfectly clear, I am not attempting to...

Surfer, I regret that, as Nkhoi stated, I have no knowledge of or interest in Proflogic. SCT is a sufficient source of amazement to me that I need look no further for entertainment.

Jander, thanks for replying. I apologize for my obviously inadequate explanation. I am an old man, in the early onset stage of Alzheimer's. My point was this. You draw channels in five minutes. You cannot draw any trend line or channel until the bar being examined in finished. Suppose the first...

Gentlemen, your points are well taken. But what else would you call what SCT purports to be than a system? There are two extremes in approaches to trading. One is the intuitive approach, wherein the practitioner charts those instuments and price/volume functions which he considers to be...

Thank you, 225. As you well know, my major difficulty with the method stems from that very analyticality. As Spydertrader said early on in his Journals thread "There will be no hard and fast rules here" (apologies if I misquote or inacurately paraphrase). This prevents the method from being...

Error #1: INNACURATE TREND AND CHANNEL LINES Those of you who chart simultaneously in multiple time frames, as I do, recognize that trend lines and the channels drawn therefrom often look significantly different in the different time frames. This is because the higher the time frame, the...

Goatlover, you may joke all you wish, but we are on the eve of a momentous test of predictive plower. The estimable, if reviled, and eponymous, N.Q. Enqueue on Thursday opined that Friday would be up (which it was) and that Monday would be down (which it will), as would the remainder of the week...

I will cite you a perfect example of the fickleness of ET censorship. This thread: http://www.elitetrader.com/vb/showthread.php?s=&threadid=75001 just went to Chit-Chat because its creator, a well-known fool, presented what presumably was a fraudulent indicator, which he called the...

Thank you, TD, ET can always count on you to be a voice of sanity. This site's unabashedly pro-Hershey stance casts a shadow on other analysts, such as myself, who espouse a clearcut binary decision theory approach to trading ("Red-light-short, green-light-long, yellow-light-stand-aside"). No...

For the record, my theory was inspired by an Italian scholar of trading psychology who wrote a book about ten years ago proposing that what we see as a two dimensional price progression is really a three dimensional spiral of lossless electromagnetic-wave-like exchange of sentiment between fear...

The Thread Gestapo are once again at work eradicating any thread which is thought provoking, or hints in any way that trading is not a serious business. It comes and goes in cycles here. Humor is out, but bullshit is always in.

All of you are cordially invited to reconvene in Journals at the Hershey scalping thread. It will function for you like a transmission to match your low intellectual torque to the rubber meeting the market's road. Technical Analysis permits pure derivative rubbish like the Confabulation thread...

I would like to understand why this thread: http://www.elitetrader.com/vb/showthread.php?threadid=97614 was demoted to Chit-Chat from Technical Analysis. I offer an unconventional but totally plausible theory of market pricing. Are we to assume that ET is so small-minded that it cannot...

Schoolchildren learn in elementary science that a simple shift of perspective resolves the Ptolemaic illusion into the Copernican reality. The classic example of Occam's Razor. The near-universal knowledge of this intellectual triumph, however, prevents us from perceiving the reality of the...