SCT High Velocity Profits Q and A Journal

[Spydertrader]

Quote from Bearbelly:

How many actions for how many points if you dont mind me asking.

14 actions (entry, exit or reversal) for 13.50 points ES (one wash trade). I began with the Opening Bar at 9:30 AM Eastern Time, and I stopped trading the ES at 2:00 PM Eastern Time. I'm not to SCT yet. I often leave the computer screens to chat on the phone, post to the ET Chatroom (or threads) or go have a smoke in order to give myself a mental rest. Since I am new to SCT, the practice drains me mentally, so I have to build up to doing it all day long. I'm still pretty much a rookie at this SCT stuff.

Quote from ^^^^^^:

Interesting stuff but quite eggheady. Do you ever get a volume fakeout signal with your method ? Or do you believe that volume trends more smothly than price ?

Use your Time and Sales to filter out the small fish, and then. you won't experience the fake out's caused by small size.

- Spydertrader

 

[Bearbelly]

Spydertrader

Congratulations Excellent trading. Would you please post your execution sheet sometimes so we can see exactly where you are reversing. It would be a big help.

 

[nkhoi]

Quote from Spydertrader:

14 actions (entry, exit or reversal) for 13.50 points ES (one wash trade). I..
- Spydertrader

congrat, and when it's time to file tax you will understand why you don't ever want to go back to stock.

 

[Chicken Little]

Here is a chart showing Hershey making live SCT trade calls in a Paltalk room. On the very first trade he rode a 6 point winner into the dirt waiting for a point 3 to develop. Instead of making a multiple of the H-L he basically broke even IN LIVE TRADING CALLS. Oh yeah he was "out ahead of the mkt". Didn't exactly snag the low there eh Hershey ?

 

[Goinglite]

Quote from Spydertrader:

(one wash trade)

- Spydertrader

Good Job, Spydertrader


Keep up the good work



Goinglite

 

[Chicken Little]

Quote from Bearbelly:

Spydertrader

Congratulations Excellent trading. Would you please post your execution sheet sometimes so we can see exactly where you are reversing. It would be a big help.

This request will be looked upon as if you had farted loudly in church !

 

[Spydertrader]

Quote from Bearbelly:

Congratulations Excellent trading. Would you please post your execution sheet sometimes so we can see exactly where you are reversing. It would be a big help.

As a rookie, I still need to learn a few things. For example, I don't have it in my mind yet what Gaussians do for me, nor do I use Stretch / Squeeze at this time. I learn what tool to use, and in what context I should use it, as I move along. When I encounter some confusion with respect to market direction, I look in the toolbox to see what might help. Recently, I added Time and Sales and a NinjaTrader Ladder to help me focus in on trend changes / reversal points at support / resistance levels. In other words, I continue to progress to SCT, but do not yet have my mind wrapped around the entire puzzle. Once I do, I'll be happy to share the knowledge in whatever fashion required.

Quote from nkhoi:

congrat, and when it's time to file tax you will understand why you don't ever want to go back to stock.

I can already see how the 60 / 40 split takes a cut out of Uncle Sam's pockets. Cutting the tax bill definitely is an attractive benefit to trading the futs.

- Spydertrader

 

[Chicken Little]

Quote from Spydertrader:

As a rookie, I still need to learn a few things. For example, I don't have it in my mind yet what Gaussians do for me, nor do I use Stretch / Squeeze at this time. I learn what tool to use, and in what context I should use it, as I move along. When I encounter some confusion with respect to market direction, I look in the toolbox to see what might help. Recently, I added Time and Sales and a NinjaTrader Ladder to help me focus in on trend changes / reversal points at support / resistance levels. In other words, I continue to progress to SCT, but do not yet have my mind wrapped around the entire puzzle. Once I do, I'll be happy to share the knowledge in whatever fashion required.



I can already see how the 60 / 40 split takes a cut out of Uncle Sam's pockets. Cutting the tax bill definitely is an attractive benefit to trading the futs.

- Spydertrader

Please allow me to read between the lines:
These 14 actions occurred where the trades WOULD HAVE been made using the copyrighted JT Hershey HINDSIGHTOLOGY religion.

 

[Chicken Little]

In keeping with the tenets of HINDSIGHTOLOGY I have corrected the Hershey chart showing how he really screwed himself on this particular day.

 

[Bearbelly]

LOL. Payback? By the way how about sharing your SCT method. 8 points may be chickenfeed to some but its better than Im doing.