Iterative Refinement

Hey All,
I complied a list of rules and definitions that might be of help to use to keep a sort of crib note version of the rules for trading SCT. I ran it by Spyder and Avi and they reviewed it and thought it was good to go. If anybody finds an error or has some good stuff to add, let me know. Check it out.....
sscott:cool:
 

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I have seen quit a few threads around over the last year that had the typical Spyder, Jack bashing.

Shame they never bothered to even try to get to know Spyder.
He has given us 5 amazing journals to learn from, and to always be able to go back at any time and review to sharpen our skills.
I had a chance to meet him and spend a day on a full review. He asked nothing but to pay attention for my own good.

I offered to treat for a night out to say thanks for all I have gained. His answer was. . . no need, just to know everyone is getting this is all I ask.

Never once did he ask for anything in return for his tremendous amount of work here. Even when offered, felt it was not necessary.

The only motive this guy has. . . is just to see everyone do the work. He has provided the complete method from equities to futures to work from. Show that you work and put in the time, and that is the payback.

For all you have done and continue to do. . .


Seriously, Thank You.
 
Quote from sscott:

If anybody finds an error or has some good stuff to add, let me know. Check it out.....
sscott:cool:
More...

VE = volatility (range) expansion. A VE can be an FTT of a steeper channel.

FTT definition - you don't mention the most important part - it fails to reach the LTL, often on increasing volume (locally). Fine tools and the following bar confirm the FTT.
 
Quote from PointOne:

VE = volatility (range) expansion. A VE can be an FTT of a steeper channel.

FTT definition - you don't mention the most important part - it fails to reach the LTL, often on increasing volume (locally). Fine tools and the following bar confirm the FTT.
More...

I included your suggestions in the original and will post the corrected version after I see if anybody has anymore suggestions or corrections.
Thanks
sscott
 
Quote from LittleMac:

Looks like SOHU was the play today.
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Since Price broke out of a formation today, you'll need to see additional increasing black (grey) Volume, tomorrow. Otherwise, expect the trend to change.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1812155>
 

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Quote from TraderD72:

Wondering if you had your ES chart for today for us to review??
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No, I unfortunately deleted them while U.S. Boarder Patrol held the damn Amtrak Train in Syracuse for an hour. Next smoke stop is Buffalo.

Tonight's posts brought to you by ....

Amtrak
Sprint PCS
Marlboro
Stolichnaya Vodka

- Spydertrader
 
Nice document.

Just a remark.

Quote from sscott:

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HOW DO WE IDENTIFY

1. FTT: Volume decreasing but 60-90% of previous bar. Price changing color to non-dominant. Greater that 60% volume doesn’t guarantee an FTT, but we THINK “this might be an FTT”. Look for FTT after Volume Expansion or Flaws. A VE cannot be an FTT.
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Maybe you forgot the most important:
An FTT is an attempt and then a failure of price to traverse to the Left Trend Line.

regards,
Ivo



Quote from sscott:

Hey All,
I complied a list of rules and definitions that might be of help to use to keep a sort of crib note version of the rules for trading SCT. I ran it by Spyder and Avi and they reviewed it and thought it was good to go. If anybody finds an error or has some good stuff to add, let me know. Check it out.....
sscott:cool:
More...
 
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