Socrates Examines Technical Strategy

[MandelbrotSet]

Quote from Socrates:

The reason threads like these always come to a sorry end is that SCT adherents will not dialogue quantitatively. Witness my challenge to "pool extraction". A pity. I have ES charts loaded and ready to generate examples.

LOL, no worries.

Spydertrader will no doubt be along tomorrow to demonstrate how to catch the very top/bottom of the move (post move that is) with no less than 40 contracts.

LOL again.

 

[MandelbrotSet]

Quote from ehorn:

I too am fond of simple (and profitable) techniques.

Thank you for your intelligent contribution to the thread.

This is probably as close as we will ever get to being on the same page, in word if not deed.

 

[wee man]

Quote from Socrates:

long-winded and elusive presentations.

Yes, Lets not forget what can happen if things go unchecked......

 

[Socrates]

Yup. Ehorn did purt' gud fer a secunt stringer!

 

[ehorn]

Quote from Socrates:

Thanks for participating. If by simplicity you refer to the use of channels alone, I am with you. I run turning points code in 40 lines that I could easily make to draw channels explicitly if I thought it added much value.

SCT relies on the use of both Price and Volume. As such, the ~80 lines of code make use of both of these inputs where the one leads the other. To me, this is most valuable.

It is fascinating how one would choose to neglect the fact that when an individual posts prints with time, price, and qty, that anyone is free to confirm the validity of such trades by checking the T/S logs. I do realize that this would require the minimum of intellect, so I understand where confusion and doubt might spring from.

As they say, ignorance is bliss.

secunt stringer signing off.

 

[Dackster]

Quote from ehorn:

I too am fond of simple (and profitable) techniques.

What do you understand about the technique (simple and profitable) that you apply?


What are you capturing in essence at times that you may or may not understand?


Technicals may fail, but the market is moving, something else is misunderstood, SCT provides a geometric view, but not the answer.


Respectfully,


Dackster.

 

[Socrates]

In Jack's defense, ET IS a tough sell. Consider this poor fellow Albert Cibiades (another Greek one supposes), who tried to help ET invest and asked for no remuneration in return:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=144154&perpage=6&pagenumber=1

He finally gave up in disgust.

 

[MandelbrotSet]

Quote from ehorn:

It is fascinating how one would choose to neglect the fact that when an individual posts prints with time, price, and qty, that anyone is free to confirm the validity of such trades by checking the T/S logs. I do realize that this would require the minimum of intellect, so I understand where confusion and doubt might spring from.

As they say, ignorance is bliss.

secunt stringer signing off.

I will personally vouch for you on this one ehorn.

We've all seen your bloters where you tear the E-Min's up with your two-lot trades.

And we've seen Mr_Blacks trades wear he kills'em, with his threes ... blam blam blam!

When do you guys think you'll reach that upper limit (what was it, over 1,000 lots per trade)? :eek:

LOL, bye-bye Mr JV.

 

[Socrates]

Ehorn, I would say "one leads the other" SOMETIMES. Nice trick capturing both in 80 lines. It's the times when one DOESN'T lead the other that convince me volume is nearly useless as an entry consideration. I only use undifferentiated volume, and then rarely, as a measure of exhaustion.

 

[MandelbrotSet]

Quote from Socrates:

Ehorn, I would say "one leads the other" SOMETIMES. Nice trick capturing both in 80 lines. It's the times when one DOESN'T lead the other that convince me volume is nearly useless as an entry consideration.

Remember, these people also think the YM leads the ES ... if they only knew.