Excellent! Please do come play! We need the liquidity! But those of us who try to use SCT for NQ generally draw channels in real time.
Objections to SCT
- Thread starter Joe Doaks
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No biggie, can draw them in realtime just as easy. Just wanted to show that same rules apply to NQ as ES. Different market, same stuff.
You'll have to pardon my delay in posting a response. I am in the middle of the Green Hour at present (yes, that Green Hour).
But, I digress ...
Surely Sir Hypostomus, you caught the beginning of the Journal, where you posted so many 'clarification' questions, we can hardly believe you have allowed these facts to slip from your memory?
Once an FTT occurs only three possible outcomes exist.
1. Another FTT
2. An FBO (Failure of price to break out)
3. A BO (A price break out)
In fact, sir you posted with respect to these rules in the Journal. Allow me to refresh your memory.
Now, rather than try and fit the market into your little box, why not step outside the box, and see what works?
- Spydertrader
Objection #15: There is a fellatious assumption (when it does not suck, it blows) in the way Jack draws charts that makes me have to wear Depends when I look at them, I laugh so hard. I wish I could reveal that ass-sumption, but to do so would reveal one of the tenants (as Jack says) of my own method. "But as I am an honest Puck...", those of you who know me trust the veracity of what I say. Not even if you guess my name is Rumpeltforeskin...
225, don't jive an old man about being a non-native speaker. I have done that schtick here before. You cannot say bass-ackward without having a certain colloquial familiarity with the language.
Some explanation is in order before I proceed. I have fantasized relations between other trading instruments and NQ more times than I have imagined I was in love. Hence:
Objection #16: SCT is riddled with illogic (no matter that it is also simply a riddle). YM reliably leads ES, yes? Implying that ES unreliably leads itself, no? So we take every turn in YM whether ES has turned or not, maybe? Then why the fuck, if it's so reliable, don't we just trade every turn in YM in YM itself?
Your humble critic was guilty of this particular illogic for months when he constructed elaborate systems in QM and NQ. It is an easy trap to fall into, because we desperately seek certainty.
Objection #16: SCT is riddled with illogic (no matter that it is also simply a riddle). YM reliably leads ES, yes? Implying that ES unreliably leads itself, no? So we take every turn in YM whether ES has turned or not, maybe? Then why the fuck, if it's so reliable, don't we just trade every turn in YM in YM itself?
Your humble critic was guilty of this particular illogic for months when he constructed elaborate systems in QM and NQ. It is an easy trap to fall into, because we desperately seek certainty.
I woke up in a nightmare this morning. I chart in PT but trade in CT, and now I find myself actually IN PT and unable to sleep. How pathetic to wake up dreaming of SCT when I don't even fucking BELIEVE in it!
Objection #17. Everyone knows the market evolves, right? I mean, it is axiomatic. Every trading book eventually works its way around to that platitude. Then why doesn't SCT evolve? Is it PERFECT? Do ya THINK?
I constantly tinker with my stuff. Fiddling with thresholds. Coding up imaginary patterns. Trying to figure out why THIS peak promises continuation and THAT identical peak marks a daily extreme. Endlessly trying to show that SCT works.
I KNOW that my market understanding is imperfect and that I will continually strive for elusive perfection. Why doesn't Jack? It's perfect ALREADY? Hahahahaha!
Objection #17. Everyone knows the market evolves, right? I mean, it is axiomatic. Every trading book eventually works its way around to that platitude. Then why doesn't SCT evolve? Is it PERFECT? Do ya THINK?
I constantly tinker with my stuff. Fiddling with thresholds. Coding up imaginary patterns. Trying to figure out why THIS peak promises continuation and THAT identical peak marks a daily extreme. Endlessly trying to show that SCT works.
I KNOW that my market understanding is imperfect and that I will continually strive for elusive perfection. Why doesn't Jack? It's perfect ALREADY? Hahahahaha!
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