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I don't think you can claim to be able to do something you don't understand. What you're describing isn't SCT. I think this thread has been ruined by the people with personal attacks. I suggest the OP ask to have it closed. My advice to him is to read a little of both AHG & SCT threads...

Gold is finding support at the prior low of 739. I exited my short and reversed to go long. A double bottom is forming. Target is around 870 (50% retractment from the high).

did you enter on a known resistance or support? I think oil is too dangerous to daytrade. It just came back to the trendline yesterday and was screaming "SHORT ME!".

Because we're finding out that the european problems are worst than ours and there is more uncertainty there.

From the panic, the vix, the libor, etc. it's unlikely we could get another downward move with such force. The nasdaq already tried, it broke the low but came right back up. I think the S&P & Dow might need to do the same. since we're in unchartered territory no one knows. I'm just...

From what I read, symmetrical triangle is a continuation pattern. Since price came in from above, it should exit from below. The low volume of the past two days and indecisiveness seems to support this (doji, then close at top then close at bottom). However, are these triangle patterns...

How about asking for Z08? ;) [still short]

Double bottom at 740? I see a double top, triple top if you use a bit more imagination. ;) It's currently testing support at 768. I don't think it'll hold so next target is what? 740 for the double bottom?

Excellent suggestion! Too bad I didn't think of that. ;) Thanks. I have known for a while that I'd eventually return to SCT. In my time off I've learned a lot and I'm sure that'll help me when I try SCT again. In the mean time I use a lot of SCT concepts in addition to other things I've...

I just visited the page and see it's the MACD xover strategy. I already tried backtesting that and couldn't get it to be positive. This may be off topic to the OP so I'll pursue SPM in the SPM thread. Thanks

Thank you for bringing SPM to my attention. I'm always interested in these type of things. I'm going to check it out. For me the biggest hurdle with SCT, and what I presume will also be the biggest hurdle with AHG, is that to learn it you have to wade through thousands of posts in the...

Link? I offer the suggestion that it is me and not SCT because I don't want to get into a debate about SCT working or not. I can honestly say I did not do all Spyder asked of me (such as posting my annotated charts every day and studying the charts of others.. I mean I did that a few times...

My main problem was I could never pick off a pt 3. I'd be too early and then stop out, too late and then have increased risk. If AHG can explain the concept of entering in pt3 in a different way, maybe I will be able to understand it.

I spent hundreds if not over a thousand hours trying to learn SCT and practicing. I'm just not able to do it. I'm not claiming it doesn't work or that others can't do it, but I can't. I probably didn't practice enough. However, what I learned from SCT has been invaluable to me in my...

Are we talking about trading or collecting?

Does one need Nymex floor data to trade platinum? I don't get any data with IB. I'm interested but I don't want to add Nymex just for Platinum.

Copper is currently sitting between two supports - 2 & 2.05. Copper hasn't been holding up too well but I have a feeling 2 will hold.

My take is oil is breaking through support and is moving down fast. I would think that it would move up on the OPEC cuts but I guess that was already priced in, and people took profits. I entered short today, not knowing about the OPEC meeting. I did it based on the charts. I'm going to be...

Everything you say makes sense to me, but I don't see the markets saying the same thing. The DX has started a big rally. Murphy says the dollar isn't strong, it's the foreign currencies that are weak. But it's all the same, the dollar is going up. The question is: How long will it go...

That's odd because my daytrading has went to sh*t lately but my position trading is working better than usual. ;)