Socrates Examines Technical Strategy

Thanks. Very eloquent. And it makes the point that we, too, are charitable souls who care for the welfare of other traders.

My turn? To share? "It's so embarrasking!", as Popeye said. But it may be informative if we have any OLD noobs reading.

I am Peter Pan. I will never grow up. I'll just die. So I may have been the world's oldest noob when I discovered Jack in the stumbling endgame of a mediocre career (Jack may understand that problem).

Did I want to be rich? Oh, yes!

Quick? Even yesser!

Following a system so complicated that only the most deserving geniuses such as myself could comprehend it? Most yessest!

But being ultra-analytical, an unrepentent algorithmicist (but not registered as living in your neighborhood), and an inveterate Italian coder (I make great spaghetti!), I had to rule-ize SCT (new word).

The rest is Hershistory. But I'm not bitter. But neither am I going to make it easy for him to get away with it in the future. Anybody who reads what we write and goes ahead anyway deserves what he gets. So someday soon you will find one of me encouraging Neoxx to get on with it and discover himself.
 
Quote from Socrates:

JJ, you're up. If YOU do it, T28 will, too, haha!
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How fitting that we have our session of *true confessions* here on New Year's Eve.

It's a twisted tale wit me as well. Several years ago, I thought Jack actually had something intelligent to say, but eventually I tired of trying to piece together his patchwork quilt discussions on trading and decided to leave him be.

As I developed, started commenting on and even created a thread or two and had the experience of him coming by and crashing it with his mind numbing nonesense I saw him for the bullshit artist and menace to nOOb's trading accounts that he is.

To make a long story short. IF these people (Jack Hershey, spydertrader, their band of Merry Men) would actually produce on Jack's gradoise claims, then neither I nor anyone else would have anything negative to say to him or about him.

But they won't, because they can't. So as far as I'm concerned, Jack and his cult-like followers live in their own fantasy reality-tunnel. A place that I definitely don't want to visit, much less live there ...

... Hey, you know, Trader666 created a list showing the Stages of a Hershey Trader. Not only was it some of the funniest trader related humor I've ever seen, but I have through direct testimony (and PM's) that quite a few people (don't make me name them, LOL :D ... because I sure as shit will) have traveled down that path, ultimately exiting the Hershey Tunnel, coming back to reality, and moving on with their trading.

Which brings me to my last point. Like I said before "The Opposite of Love isn't Hate, it's Apathy". I really couldn't care less about the Hershey Group, and I can't be bothered with them in the coming New Year. I have some serious financial goals that I want to accomplish. :cool:

Happy New Year (to everyone, yes, everyone). :)
 
Thanks, JJ, and a profitable New Year to you, too. Indeed, what would we do without 666?

OK, you in that sidewalk cafe, ogling all the girls half your age passing by in the snow, what say ye? Why are you on the B-Team? Use any old alias you like that hasn't been canned.
 
Quote from Socrates:

Invoking partial fills does not save you, Jack. With market orders the market is moving away from you so fast near extremes that you can't possibly use as many contracts as you assert.

You may want to repeat your analysis of market turns a few hundred more times. You aren't in the ballpark as yet.

The basic reason is that you have never done any partial fill trading. As pointed out it is not a problem you will encounter.

So far the commentary on SCT has not gotten beyond Beginner Internals. As you are finding out everything has been posted on the web either here or in archives or in other web forums.

Someone ought to post the "wall" script and attach a counter to it.

The turn comes into view on the DOM over a point away from the limiting value of the turn. The leading indicators of the turn appear 2 to 3 minutes ahead of the turn. The traders who have the greatest impact on turns show their "tells" up to a minute before the turn.

As you say, after the partial fills are completed the market is moving rapidly away from the turn. You didn't say it quite this way because you haven't become familiar with the characteristics of turns and the key ingredient of how the market works and when a trader trades a turn.

Set up some 2 pair script for the OTR charts and a counter to monitor odd and even harmonic turns. Then google for the timing I have posted on the partial fills for each type of harmonic. Your comment above shows that you did not digest those posts.

When you get warmed up on how to execute trades, I'll move on up the skill levels. Getting to 10,000 contracts in the market following the chart performance that has been made available to you will depend on your getting "unstuck" from the Beginner Internals level.

So far this thread has just been a warm up drill where I have posted a little bit of run on copy.

Also, I note that I struck a nerve with respect to ATS. You don't got one do you? It's really not so hard. Forty SLOCs suffices.

Get a new phishing pole so far none of them have worked. Google boot camp training tools.

Sorry for the blurring, but I am a greedy grasping non-helping low-life.
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Looks like you are turning this into a phishing contest correlated with "why I failed" confessional.

I posted earlier on how our filters work. The brief trading histories of these "B" people point out the what, how and why of several of them.

As you read through this thread pay particular attention to just how the mismatch of an undifferentiated mind compares to either the CW--PA differentiation or the poolextraction differentiated mind.

You can also read through over four years how either doing organized drills or doing self learning non formal non syllabus or non-ogically oriented learning. The point of the thread was to be a Socratic oriented process. How and why Socrates did what he did is well known and well documented by those who wewre around him and later by those who studied him.

Why did Socrates explore the way he did and what did his community gain from his efforts?

Here you start to find out regarding the non market part of trading beginning a few pages back. We see a collection of people who all started to do the same thing. They each threw in the towel and now have the consequences of their individual and cloocetive decisions. Some of them are going to continue to stonewall. Tahts a god thing, we can use it to organize and classify them in many ways.

I do not prefer a SRS when I do "trader" failure analysis. What is best is to have a narrow spectrum of similar type people making as much noise as possible.

How did these people get contaminated before they took their first step towards working with those who preceeded them?

What was the set of things that gave them an unfair disadvantage from the get go?

Maybe we can take a look at their counterparts who came into the picture very recently and followed a formal path.
 
Dear Jack, ordinarily you do not make me laugh, but those last two posts were hooters. You are a theoretician, and not a particularly good one at that. The big dogs do not have to "make their intentions known". The line up further away than your DOM has depth on one side or the other of major support and resistance, much of it classically "invisible". As to my lack of market knowledge near turns, I assure that my one second charting and studies get it. You talk about seamless? Watching waves build from one second to one minute to five minutes to ten minutes and the interaction of S/R on those multiple time frames is an experience I highly recommend to you.
 
It never occured to me before this particular set of exchanges, but you really do believe that SCT is the be-all and end-all of intraday trading. That it is the best of all possible trading systems.

Well, the gaps in your understanding of market action and your deliberate ego-centrically arrogant trashing of classical TA leave holes in SCT large enough to house multitudes of profitable trading systems. And blinded by your disdain for "edges", you will never understand that your illusory charting system resides in a landscape of successive S/R edges which keep your followers endlessly redrawing ephemeral price trends and channels.
 
FYI, Ehorn, the attached exemplifies the difficulty of simplifying SCT to mimic its operation in all price regimes. I didn't change the tuning from the last two sessions, but today the simple sim is a big loser.
 

Attachments

Well, I guess our helpful critique of Neoxx's lassitude and waking Jack up made him decide that Neoxx had to shit or get off the pot. Please take the time to read these directions from Jack to Neoxx just posted on our sister thread. Pity the poor poster boy for SCT. Too bad we can't refer him to the deleted Nwbprop thread, haha!

"consider filling in your logs a few rows ahead of the market.

Before you do that, reason through the logic basis for the certainty with which you fill in what you do.

You have a non-stationary window where several things are going on. On the left side, as time passes some bars get dropped off because the non-stationary window has no need for them.

In a "symmetry of history manner", you see the non-stationary window opening up to time space that is in the future and is not as yet o9ccupied by the bars that will occupy the zones being contructed for them through the principles.

The part of this region nearst the Present where the future comes into the present, continually becomes more and more certain.

How is it that this happens?

It all happens because of you and the trouble you have taken (or better stated: the opporunity you have taken) to have a differentiated mind.

Ron Howard divided his movie into three parts. The segway from part II to part II was the statement of the opportunity. A choice was made between electroshock therapy and "differentiation". The caustic information was the inference created by inductive miswiring.

I am asking you to begin part III of boot camp.

Certainty arrives in the Present, because in the near term future, all of the alternatives have been eliminated.

By filling in the rows a few rows in advance you get to do "eraser". you erase what you thought was possible when you discover, before the Present, that it is not possible.

Eraser plays the roll of the null hypothesis testing.

It is very important that all of you work with each other as time passes. what if this were like the ES Journal where you posted the log (M) a few rows ahead instead of actions (A) taken in the near past as is done in the ES journal.

At this point the slices are getting more informative because they are related to the non-stationary window. Don't post anything not under present consideration in the past. the "channel" boundaries will show but it is not necessary always to have their origins showing.

We are on level 2 making use of level 1 to build.

Our objective is to develop precision regarding the MODE and articularly to know WMCN at all times.

Your mind IS differentiated. This differentiation forms a funnel to what is important, why it is important and How it is important.

Working ahead is how you log your mind. Annotating is how you express working ahead in the market's offer.

If we have both of these in synch, then the Present is always just what did come next obtained from WMCN.

Chop off the past that is cast in stone and deal with the slice that is being sculpted by the market all in the context of your mind's differentiation.

You will notice carefully and clearly that you are forming more corroberated interstitial differentiating networks in a lot of places in your mind.

Spyder continually emphasizes being very thorough in the moment; he also keeps drawing you out on WMCN through thinking. Use the log and the "eraser" function to help do this.

Next, after this learning and drilling, you will move into the last of the four steps of trading skills and expertese. Here you have all the differentiation required the know and understand the markets. With that in hand, it just happens."
 
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