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What do you know?! I had to leave the computer for a bit, so I had my TL and channels in place. I came back to this. This stuff is amazing.

I know for me, using the rockets doc helps in a couple of ways. 1. Begin to understand and identify when a trend is happening. 2. Gain some skill (granted, ad hoc) in monitoring, analysis, decision making and acting - a good start for SCT. 3. Solidify the concept of and practice iterative...

Because Jack recommended them as a good starting point for beginners :) You start with them and iteratively refine until you get to SCT. Rockets are easy to enter - easy to identify and slip in. My first challenge with them is getting out in time, before it crashes back on the launching...

This is what I've been pondering since Friday. What exactly is a wash? What are the action steps you take to perform one? When do you know you should wash? When do you know you should *not* wash? The definition I held of a wash trade was "you realize that you are on the wrong side of the...

This is how I felt coming out of Friday AM - I gave up 7 pts because of a multitude of mistakes - trying to get out of the pennant at breakeven. While I know I need to debrief on those trades, and I know I should have done it immediately, it's still hard to consider looking at. That coupled...

I'm trying to catch up on a few things - sorry for not commenting on recent posts. edit Jack posted this at the beginning of the current thread. http://www.elitetrader.com/vb/showthread.php?s=&threadid=54894&perpage=6&pagenumber=2 I want to apologize to the people working on SCT...

I've inserted the documents Icarus posted and the revisions are uploaded. http://mithrilstudios.com/Articles/TemporaryRepository.html I asked Spydertrader if would post them to the documents section on MSN, but it appears that they are too big. He very generously offered to make them...

Thanks so much for posting those Icarus! I believe that is correct. I have downloaded all the documents from MSN and leafed through them and it seems I've got everything from MSN for the channel stuff. Regards Anthony

Okay - my apologies Icarus, but I don't have those documents. I was looking at the wrong list (for those two) when I typed which ones I needed / had. The compiled document I have is too big for me to post under my MSN membership section. It's also (most likely) too big for me to email to...

I have: IV.C.a "The Set Up we use" IV.C.b "Channel Control Limitations" IV.F.a.i "80 Edges" IV.F.b "Beginning with entering and exiting" IV.F.c "Going to entering and reversing" IV.F.d "Going to reversing and reversing" I'm missing: II.C.e - II.C.i III.A.d III.B III.C IV. (except...

Trading log attached. Net: -.25 That long ride up in the afternoon was nice - too bad I was too chicken of getting stuck at a top! Anthony

Well that was fun! :) Through bar 16. Hope you guys caught a bit of that rocket? Anthony

Through bar 10 Anthony edit Oops, I anticipated the point three on this chart - it hasn't appeared yet on my green channel.

It really wasn't anything spectacular - I'm mostly glad I didn't over trade, and I didn't lose any money. I hope it encourages people. :) No, I haven't been logging during the day - thats something else I need to start doing as of tomorrow. I've gone back and rebuilt my trade log from my...

My trading log for the day. I made a couple of stupid mistakes which I intend to fix before tomorrow. I also had settings on my indicators which turned out to cause them to lag. Net: +1.25

Nice job people!

I have never wanted to cuss so much in my life as when I started trading. grrrr. :mad:

OK, so here's where some of my confusion (and frustration) lies. Looking at your chart, I have the first red bar in the long leg as a pt 3. My understanding is that a point 3 is "the end of the second price move (a retrace) in a trend that is now defined." :confused:

Thanks - the pink is the ST trend that I have which started down yesterday. But I wouldn't bet money on it that I'm right. :) Could you post your 60m when you get a chance please?

If I'm not mistaken, we need a 4 point push down in the next 5 minutes, in order to avoid a FTT on the 60 min. Comments? Anthony