Socrates Examines Technical Strategy
- Thread starter Socrates
- Start date
Quote from big_cabrito:
??? You talkin' to ME? YEW talkin' to ME! Don't know how I'm M. Cou-Rouge, but anyway, for the sake of discussion, I will share how I trade:
1. On paper
2. Goin' cash this week
3. With 3 martinis in me
4. Exactly like you
HTH,
Big C
Big C
French for Redneck Sir - and I am a self prosessed Redneck
Thanks, Red, no offense intended if I treated trading with too much levity for you. I trade NQ small (a half contract) around my long-range (read "until death") retirement positions. Your making a living at it puts you in a very small group on ET. My definition of making a living is never having to withdraw principal from retirement accounts, except what Uncle mandates.
Might I ask the time frame of your trading? And do you ever trade index futures?
Best regards.
Might I ask the time frame of your trading? And do you ever trade index futures?
Best regards.
Quote from Redneck trader:
Big C
French for Redneck Sir - and I am a self prosessed Redneck
Tolja he was a good guy, and now I'm really startin' to suspect a 21st personality...
Yeah 'mano, after a little google translator, I finally figured it out, but I'm just as much a redneck as you two f**ks put together 'manos, born 'n raised in the trailer parks....
Yeah man, you got any words of reassurance you passem on, cuz yer little goat gettin' the runs 'bout now...
TIA,
Big C
Red, no further explanation is warranted, and no further explanation is needed. Your existing posts on ET speak for themselves. If a trader only read your posts he would be well on his way to successful trading.
Regards,
Big C
So, to cuntinue.
PREMISE:
SCT is pure CW
PARTIAL PROOF:
Jack says that the CW (whatever that is in reality) is probabilistic. I must agree, because if SCT is the opposite of the CW, SCT is appropraiately im-probable-istic.
Consider the behavior of an SCT trader as price approaches a channel extreme. He is uttlerly clueless as to whether he will witness an FTT, a perfect bounce, a successful breakout, or a failed BO.
Now when we add the market realities of a failed FTT, a failed bounce, a failed FBO, ad nauseam (better known as whipsawing), there are enough options to make the behavior near a channel extreme a pseudo-random variable.
Add to the argument the fact that SCT traders don't know how to interpret a particular behavior until they interpret the accompanying volume action, I submit that they are unwittingly dealing with a full-blown random process.
Which is pretty much how I see it, because I don't know myself what is happening until I see the stackup and proximity and relative strengths of support and resistance in the vicinity. The ensemble of which is very close IMO to a random process.
QED.
Subsequent proofs may follow if I get hemi-rational responses from the A-Team.
PREMISE:
SCT is pure CW
PARTIAL PROOF:
Jack says that the CW (whatever that is in reality) is probabilistic. I must agree, because if SCT is the opposite of the CW, SCT is appropraiately im-probable-istic.
Consider the behavior of an SCT trader as price approaches a channel extreme. He is uttlerly clueless as to whether he will witness an FTT, a perfect bounce, a successful breakout, or a failed BO.
Now when we add the market realities of a failed FTT, a failed bounce, a failed FBO, ad nauseam (better known as whipsawing), there are enough options to make the behavior near a channel extreme a pseudo-random variable.
Add to the argument the fact that SCT traders don't know how to interpret a particular behavior until they interpret the accompanying volume action, I submit that they are unwittingly dealing with a full-blown random process.
Which is pretty much how I see it, because I don't know myself what is happening until I see the stackup and proximity and relative strengths of support and resistance in the vicinity. The ensemble of which is very close IMO to a random process.
QED.
Subsequent proofs may follow if I get hemi-rational responses from the A-Team.
Soc, I got no idear what yew be tryin' to say, I don't care about no channels, no FFTs or whatever-the-f**k.
Why don't you comment on sumthin' USEFUL 'mano?
Regards,
Big C
Sir No Offense takin - I really do like y'alls Redneck stuff
Most of the time I have 3 intraday stock charts (small medium and long term time frames) running
Could be 1-3 min..... 5 - 7 min........ and a 9 - 15 or 30 min charts
I say could be because I try different time periods to get the best read for that day
And I have an overall Mkt chart (usually S&P) so I can gauge overall market sediment
Then I just trade what I see - for as long as I see it (sounds stupid but it's what i do)
Never tried futures, but I'm not ruling it out either Sir
Oh, sorry, I can't comment on anything useful because I would have to give something away. This is Jack bashing, pure and simple. It's an obsessive long-running pointless game. You wanna talk serious, start another thread and I'll support you, like a jock. But FYI, talking about ANYTHING useful is anti-SCT. You would have to have lived the last ten years here to understand. It's a grudge match. With no rules. And no end in sight.
Oh, and BTW you just gave something away about yourself if you think channels are useless. I use them all the time, just not the way Jack et al. do.
Oh, and BTW you just gave something away about yourself if you think channels are useless. I use them all the time, just not the way Jack et al. do.