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Hypostomus, Jack has stated explicitly that SCT as he trades it uses hard, quantitative rules. I have defined the so-called "soft-rules" to be those that require spontaneous trader decision-making based on subjective observation. These rules are inherently noisy, and as such they are...

Jack, spyder, or other experts on SCT: I'm making good progress in coding channels, starting with tapes. There are several bar formations I have questions about. They are illustrated in the attachment. At the start of a new session, as suggested by bundlemaker's video, we wish to use at...

I trade a relatively small size account at TS just to cover the costs of the software platform. My real trading is over at IB. This is a good lesson, however. It might not be a bad idea to have accounts at different brokerages so that if this shit happens it can be delta hedged with another...

I should have SAR'ed to go long ES at 1461.25. Instead I'm chewing on this nice size loser. BIATCHES!!! Open up the telephone lines!!! Online TS support also down. RoughTrader

f*cking network outtage and can't cover my shorts. These guys are class A clowns. Future trade desk telephones are clogged to sh*t too. I'm moving the rest of this TS money over to IB. RoughTrader

In absolute dollar value, yes, real estate appreciates over time. However, any unexpected variances from the mean growth rate will always be mean-reverting. I have barely seen hyper-speculative areas in California decline more than a few percent after a 10-year markup of up to 300%. And the...

ERLURKER, Where did you find those snapshots? I'd be interested in following the discussion.... RoughTrader

Hi redduke, Thanks for your offer, I appreciate it. I'm left with the impression that Jack's SCT is like an onion, in that as you peel off one layer of complexity a deeper one awaits. As such, the logical choice is to start from the beginning, with channels. I am working at this very...

Investigating someone's method is never a waste of time in my opinion. You never know what doors will be opened for your trading. If you weren't able to make Jack's method work for you, well, I'm sorry to hear that. Perhaps you will or have already found other methods that suit you in...

I understand. The use of YM in this context is to squeeze a little more juice out of that orange known as the ES. For the time being, a good objective for myself is to thoroughly grasp the fundamentals of SCT, examining only the beginningest beginning level for beginners. If I can achieve...

Yes, agreed. At point 1 of a channel you have a binary indicator that is communicating to you. It answers 1., 2., and 3.. You go in on the right side at time 1. As time passes you make money. You lost me here. If you have references to other posts describing this further, they would...

Hi Jack, Thanks for piping in. The issue at hand is not of paradigm, but rather of quantitative implementation. An edge-based system, belonging to what you refer to as "conventional orthodoxy", can be described quantitatively under certain restrictions, as I am hoping SCT can. SCT, as you...

What is "wetware"?

Yes, I see your point and have been considering this idea for some time. The channels I have been discussing so far relate to the larger trend channels found intraday. However, many smaller channels can be built inside the larger context. Ultimately, I am trying to understand how the smaller...

Actually, the example I made about the sideways chop wasn't a good one. Quite to the opposite, it seems that if one were to build a channel around the chop starting with a 1-2-3 formation, then you could remain synchronized with it unless it constantly breaks the trendlines of the channel. I...

I wouldn't waste my time posting meaningless questions. I firmly believe that a system should have concrete rules based on price action, and can be numerically described (even if complicated). Any "system" that employs soft, on-the-fly human decisions in the slightest sense cannot be verified...

5) The FTT. The concept is clear enough, but i'm still confused unfortunately. As an FTT is forming, what must we look for as a confirmation that the bar indeed is an FTT? Is it not possible for a bar to potentially be an FTT, only to see price continue on to reach the LTL (for the long case)...

4) In the building channels for wealth document, YM is used as a leading indicator for ES. I personally don't have any fundamental objection to this, but instead fail to see the necessity. I hope I haven't misheard, but isn't the method employable on ANY electronically-tradable instrument...

3) SCT inside a channel. Is one supposed to stop-and-reverse and the price action ping-pongs against the left and right trendlines? This would yield profits with 100% efficient use of the unfolding action, but seems dangerous in two aspects. Every channel will either expand with volatility or...

2) I am very much puzzled with the timing of trades when new channels are being created. The concept of 1-2-3 triangle formation as the starting action of a new channel is clear enough. But it seems to me that the only way one could trade in the channel is to wait until the 1-2-3 formation has...