Denise Shull Says Tape Reading Art is Real and Alive
- Thread starter cornix
- Start date
So it took about 2 hrs and a half for the trade,according to the attached.1/3 of a session,almost...So,how many trades SCT produces daily on average?It is not a kind of a day trading per se,isn`t it?
No it is not day trading.
When you read posts by different people a good thing to do is known the type of data they process.
SCT has 6 levels of sophistication. Since I was dealing on a supervisory level with an airhead from IRS, I had to keep it simple and third party and explain terminology using CW.
The migration from beginner to advanced expert engenders a lot of nuances. At one stage you add about 15 points a day just by introducing the better reverses at extremes. This is where 15 trades a day are done.
When you go above 3X the ATR to 6X the ATR, then you are only holding for 10 minutes on average. Ten minute holds cause 40 trades a day.
MAX posted the two tables that applied to the latter level.
On days like 27 FEB or 6 MAY, since you are in on the correct side, you hold for the around 100 point run per contract.
Most people know how most people wipe out. You can divide traders population by 2 repeaedly to find out how many binary questions the aveerage trader gets wrong so that the population of winner requirements are clearly known.
The same is done with trades per day by winning traders. It depends upon the method.
100% to 50% to 25% to 12.5% to 6.25% ought to just about do it. You may not be able to count the To's correctly; there are 4 when 94% of traders lose and 6% win.
1 in 1000 do better than 1 in 200.
Some people think you can make 20% a year (John Henry the Covel standard; for 23% you use Larry Conners the market surfer standard.
30 points per contract doubles your money. 20% a year in trend following is what Covel wrote a book about. You have read a post on a trade that did three years of profits in 1/3 of a day.
I should trade one day a yerar every three years for Henry and Conners; then they could take some time off.
Write in the four Q's that need asking.
1.
2.
3.
4.
Answer them and join Netto, Anderson , Morge, etc......
What is th daily profit of a person making 20% a year? One tick but not every day. Have you heard about luck and upward drift of markets with leveraged positions? Now we are on the GS level: hope and hold.
Denise and Flavia treat people who do not have luck. They also do not have differentiated minds. Why does a mind prevent itself from becoming organized and differentiated? Answer: the pieces in long term memory don't fit together.
NoDoji teaches many to trade. They learn and remember. Their minds are differentiated.
Marketsurfer reads what Nodoji write. He does not learn what the people Donna teaches do.
Why can't marketsurfer put Donna's pieces together?
Answer: marketsurfer can't begin to learn form Donna. In his mind he has Larry Conner only making 25% a year.
Donna trades 6 contracts and makes a higher % than Larry Conners.
Donna's student do work. They repeat their drills. Larry Conners has no drills.
What does Larry have that marketsurfer didn't get? Answer: marketsurfer does not pay for Larry's secret sauce.
Write out and answer the four questions. Covel has never asked these questions. Neither has Denise or Flavia.
Quote from cornixforex:
Exactly! What "they" are just planning to do or just started to do can be seen with pretty good odds by just looking @ price chart (maybe even just T&S as old school traders used to do before computers with charts appeared, but charts are much more convenient).
Later, as you become more skilled, you will find other displays that are much more powerful All form the advent of the computer processing data. I could list 10 or 12.
I use fractal in the Mandelbrot sense.
Therefore, the beginning point for fractals is market variable granularity. All primary variables have granularity.
The knowledge tree grows from this point or principle.
From the fastest market construct for profit taking to the slowest, there are about seven distinct separate interlocking fractals.
Interlocking can only come from a trend concept. The trend concept is deduced and Covell got it all wrong. So did those he interviewed.
I pause to make this clear. Money can be made in either of two market directions. Just as with granularity, the intellect must use the razor.
Trends do complete or they have premature failures. The effect is the same but the cause is different. Lets call them End Effects. There are 35 of these.
Traders and investors chose "where" they are gong to trade. This is a choice of fractal. Optimally, they can "always know that they know". Such a person has a fully differentiated mind.
Through reason and intellect it is possible to conclude that a system includes all fractals and, at the same time, not all fractal are required to "take the full offer of the market".
Taking the full offer is a matter of degree for the fully differentiated mind. Money has a given absolute utility. But A person does not chose to live perfectly effective nor perfectly efficient.
This is the difference between theory and the pragmatic. The EMH died and pragmatism exceeded and superceded it.
People who grasp all of these alternatives can be as they wish to be.
Now, you have the scope and bounds of the answers which I provide to questions.
staying on the same fractal means using the system theory to just examine steadily (monitor) and then analyze from one full set of system rules. Only one fractal is required. Trends have elements and the element follow only one Order Of Events (loops are included as a consequence of a complete full rule set.
therefore, it is deducable that only 35 End Effects are possible.
All new trends begin always with respect to a prior end effect.
The remaining answers are no, no, yes, no and use OR circuits to gain any anjunctive question answers. (no and yes)
In system trading with fully developed systems, five OOE's are at play. I have described the elements in trends by number and name. I have broken the 35 End Effects down on two levels so far.
"The Pattern shows a baseline fundamental trend. The three moves are visible and observable. The Pattern expresses a market cycle and as such provides the KEY to End Effects.
Cycles are scored in three variables and have 8 parts (2 raised to the cubed power). I proved = was trivial recently. Only gerunds go into the algorithm I created from Dodd/Granville.
The inventors of the tooling for trading are: Keynes (algorithms), carnap (logic), Boole (Algebra), and mandelbrot (fractals).
Once I appeared at a place that was the usual in the FI. Three floors at CBOT. I learned in a short while that "you can't fight citiy hall". Who cares.
I can't register my intellectual property because I cannot get through the regulatory process. The AIR's keep getting longer and are now circular.
Unbelievably my tradeing shows up at the SEC as "insider trading". My lawyers will not allow me to review their erroneous software.
An End Effect is what begins a new trend in one subset of End Effects. All other subsets begin on bar n+1 of the trading fractal. The assigned element of the OOE's is peak 1 called P1.
One of the entwined OOE's of any system is the "test procedure".
A test procedure has three parts that follow an OOE.
1. Test for a repeated element,
2. if required, complete a reverse chron test,
3. if required , go to the NEXT element.
My post is a personal test for the trader or potential trader reading it.
A. the reader is incapable of starting to build any differentiation in his mind (See marketsurfer, Denise Shull, Flavia somebody) or
B. The reader puts my post into short term memory. He awakens and looks at a trading fractal and see things. He goes to sleep, he awakens and remembers some facts I posted. or,
C. the reader finds he has recall from my prior posts. he goes to B. or
D. the reader turns to a 3 ring binder and does he drill he has been doing most recently.
E. the reader awkens the next morning and writes on the steno pad next to his bed, the questions that have arisen since his mind had put together (snaptically and with new grown neurons) in his sleep questions whose answers are needed to "fill in" weak spots in his current mental spectrum of differentiation.
Ok,so by now you should be able to write a formula in a match's box,no matter how many level of sophistication it gets.Yes,I understand why you avoid disclose it publicly.Id do the same.