Objections to SCT

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I hear you. But Jack turned on a light for me. And I think many others -- hence this communal deference to him. Jack wants to teach his way, so out of respect to him, we respect his way.

You know, its funny how the simple concept of S/R can be such a brain baker when ones orientation and disposition is directly opposed to it.

The market is really akin to a Rorschach Inkblot. We see what we want...
 
Quote from Spydertrader:

Jack posts in such a fashion to filter out individuals ... .
- Spydertrader
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Really?
Have you ever heard of obscurantism?
Here is a brief taste, from Wikepedia:

"In the 20th century obscurantism has also come to mean a literary style
that is deliberately complex and misleading in order to hide the fact that the writer's ideas are vacuous.
In this sense, what is meant to be obscured is not knowledge itself but rather the fact that the writer has no knowledge of his subject."
 
Achilles, he probably gets on my nerves because I am old myself. If I started writing his way I would have to kill myself, which perhaps explains what I do to him in print.
 
Vacuous to some, gold to others.

Quote from doli:

Really?
Have you ever heard of obscurantism?
Here is a brief taste, from Wikepedia:

"In the 20th century obscurantism has also come to mean a literary style
that is deliberately complex and misleading in order to hide the fact that the writer's ideas are vacuous.
In this sense, what is meant to be obscured is not knowledge itself but rather the fact that the writer has no knowledge of his subject."
More...
 
OK, gotta clear the mental decks for tomorrow. My cycle analysis indicates a big move tomorrow, even if it weren't FOMC day. $FVX has adjusted for a rate cut, but they were wrong the last time. I will be mentally prepared for a big down day, which is what cycle analysis predicts.

Objection #8. Don't everybody laugh at once. SCT is intellectually dishonest, a poseur. It depicts itself as radically different from so-called edge trading. Bullshit. I could trade nothing but bounces off of the top side of a downtrend if that were what I was comfortable with. That's an edge. I could trade only FTTs in an uptrend. That's an edge. I could fade downward BO's from CCC. That's an edge. I could countertrade tops in HVSs. That's an edge. I could short price on a volume peak coinciding with a price peak. That's an edge. SCT is no more than a series of edges strung together. The fact that it is continuous is admirable. Daring, even. But no more. I would love for someone to identify an action in SCT that could not stand alone as an edge in the hands of a crippled trader.
 
And its that eternal ambiguity that explains so well the defenses and walls traders build around their own paradigm.

Their is no recognized "authority" on the market. There is no encyclopedia or book that will tell us the answer.

For the great majority of traders, this eternal mystery of market mechanics remain unsolved. Its from that Great Unknown rational beings begin to create theories and strategies about market movement that evolve into beliefs.

Its at that point, most traders cannot let go. Their 'system' has kept them warm, dry and fed in a cruel and sometimes downright terrifying world -- full of unknowns.

To let go of that would be to abandon ones confidence in their ability to SURVIVE. Tantamount to deserting ones self.

It is a beautiful game. Bourne into the deepest levels of emotional and intellectual psyche. Leaving no stone unturned.

Jack is offering shock therapy to some of you. And predictably, some of you are scratching, kicking and defaming every step of the way.

Its all good though. I literally had to check my EGO at the door. Glad I did.

Good trading.
 
Quote from optionpro007:

<img src=http://jksalescompany.com/image/third-eye-mirror-00bw.gif>
More...
Check out the "properties" on that image.
jksalescompany.com:

"Your one-stop online mall for over 3000+ items: Featuring Books, Candles, Jewelry, Incense, Herbs, Metaphysical Supplies, Collectibles and Gifts, Native American, Fund Raising, and wholesale to everyone that shops with us."

Is there an affiliation?
Do candles (no pun intended), incense and herbs make a better trader?
 
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