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    Automated Trading - FAQs

    The two most active parts of the markets are adding and pulling orders from the order books. Next would be the trading of orders which are shown in the market flow. You strongly advocate people to carve ftt turns on every 2-bar forming translating tape near the REAL walls shown in an order...
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    There is no "system"

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    There is no "system"

    Yes, conventionally. It was why I asked indirectly: "laggy" zig zag for knowing the sentiment of fast fractal? And I got a reply. An OHLC bar can be formed in 1, 2 or 3 legs (12 combination?). Leg 2 is the middle leg of a 3-leg bar. It tells the sentiment timely. I am sure you can reason out...
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    There is no "system"

    Sounds good. But... What is a zig-zag chart? How does one know change of sentiment has occurred for one to record up or down on 30m, 5m and zig-zag chart respectively and take trading actions? 1. Up, up, up is enter long. 2. Up, up, down is hold. (how to hold as 3-tick rule would have stopped...
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    SCTlearning from scratch

    Hi Bug. Where do you get industry charts and the data? How long is the average time of your IT price move? Do you trade long IT inside a short LT move of a sector? For his SSR method, Jack says that he trades lagger stocks using leader stocks as his anticipatory indicator. I am not really...
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    SCTlearning from scratch

    TYVM, Jack. :)
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    SCTlearning from scratch

    Jack, is SSR your proprietary method? :(
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    SCTlearning from scratch

    Greeting, Jack. Thanks for the brief summary of SSR. I have some questions in green below. Please help. Thank you. Hope everything is well with you.
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    SCTlearning from scratch

    Surprise to see another one interested in SSR method. :D But skip "PVT learning from scratch" please. The easy-to-learn method has been covered extensively during 2007's Tucson meetup period. Nothing new has been added since then.
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    SCTlearning from scratch

    SCT is too easy for everyone here.... except me. What about SSR learning from scratch? Stay healthy!
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    Yet another Jack Hershey Trading Method

    LOL. OP would be interested to know that no one in the Tucson group had made it with what they learned from the cycle drills. He needs a miracle.
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    What good is the DOM?

    Thanks for the earlier reply, Jack. Last question. How can one monitor and compare the velocity of the T&S and the velocity of the adds and pulls? It doesn't seem possible. TIA.
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    What good is the DOM?

    Ain't the above contradictory, Jack? Stationed vs moving. Can you understand what you wrote here, Jack? I am one of the many whom are not smart enough to read your mind. TIA
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    I am getting my butt handed to me on a daily basis!

    Hi frenchfry. Thank you for the reply. I have already abandoned the thinking you have. I mean I disagree more or less everyone of your statements.
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    I am getting my butt handed to me on a daily basis!

    Jack, your simplistic illustration sets, IMO, could be misleading. There are ALWAYS a wall or walls on both bid and ask columns. Walls move and disappear on the static DOM, visually. That is what you did not say.
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    Channels

    I would monitor and analyze bar by bar instead of being paralyzed by LTL. On the most current bar, you have strong gapped up from prior day's high with extreme volume. The pullback from open fails to close the gap palely and the day is closed on the high side. The historical high resistance...
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    The most important tools in your opinion

    IMHO, if the parameters of your indicators, including most of what available out there, are near reflection of the market's cycle duration, you shall find consistent patterns or regularities in the indicators.
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    I am getting my butt handed to me on a daily basis!

    This is page 100. You should place your bookmark here. Mom, I have no bookmark. :D
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    I am getting my butt handed to me on a daily basis!

    Wow, Jack. You are conducting another daytrading boot camp! I do not know much about what you are writing nowadays. But I wish you all the best and success. :)
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