Socrates Examines Technical Strategy

Thanks, Red, I get the picture. And thanks, Big C for the endorsement, I'll go look Red up. I seriously need to learn how to trade.
 
Hmmmm... interesting observation Socrates. Mebbe onea these days I post my chart; all I got it horizontal blue lines. Mebbe I have them "channels" I pick up more than 26 sim ES points a day. Hmmmm....

As Red pointed out, there are as many ways to trade as there are traders. I guess in a couple weeks we see if ah'm onea 'em....

I do appreciate what you do, and I ABSOLUTELY appreciate your humor; you are probably my primary source of entertainment at the moment (is that SICK, or WHAT?)

Now I forgot the point of this post, too many martinis...

Good Trading,

Big C

[EDIT]
P.S., Socrates, I been hangin' around here a loooonnnngg, looonggg time, I just keep leavin' and forgettin' my alias/and/or/password....

It were me, I would figure, Jack is a dead giveaway all by his lonesome, no need to go bashin' him....

just my two cents (before taxes, ah course)
[/EDIT]
 
Quote from big_cabrito:

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
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Big C - Thank You Sir


All right Team "B" - Commence with the teachin :)


Redneck out
 
Quote from Socrates:

So, to cuntinue.

PREMISE:

SCT is pure CW

PARTIAL PROOF:

[1]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.


[2]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.






Socrates,

If you don't mind my doing so, i've subdivided some of your text.

[1] A fault in SCT logic.

[2] Random in the context of SCT logic, using volume as to interperet a 'channel' is certainly not the proper estimation of it's intention. So it stands to reason that the students don't know how to read volume. A catastrophe waiting to happen.


Yours,


Dackster.
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OK, Cabrito, I know you are just jiving an old man about going live next week, but I love a good gag. Plus Cou-Rouge said to let fly with the madvice. So here goes.

THE assolutely most important rule in trading is to have a fixed stop loss tuned to the instrument you are trading (this very un-SCT).

There is a stop beyond your habitual entry beyond which the entry is almost always a loser. For my style of trading with NQ, that stop is 3 ticks. I NEVER EVER let the trade get away from me by more than 3 tricks.

Why? Because just maybe there is a better entry in the same direction waiting further away (highly unlikely). Or because my entry was dead wrong and I need to get ready to change my mind, ideally understanding why (very likely).

This rule is the sucret of whater sucksess I enjoy. While I have proved to my satisfation by backtesting that random entry with money management is a crock, you never know. It just might work. If so, the stop is the sine qua non. I prefer to think that I (or rather Joe Doaks) is a system design genius.

Alternative opinions are welcome.
 
Maybe Ehorn can answer a question i have for himself (or any other SCT student)? I realise that SCT is nothing but everything so ambiguity is prepared for.


Question: Why do channels exist in different sizes (depth and timespan)?
 
Quote from Socrates:

OK, Cabrito, ...

THE assolutely most important rule in trading is to have a fixed stop loss tuned to the instrument you are trading (this very un-SCT)....

Why? Because just maybe there is a better entry in the same direction waiting further away (highly unlikely). Or because my entry was dead wrong and I need to get ready to change my mind, ideally understanding why (very likely).....

While I have proved to my satisfation by backtesting that random entry with money management is a crock, you never know. It just might work. If so, the stop is the sine qua non. I prefer to think that I (or rather Joe Doaks) is a system design genius.
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Actually, Soc, my backtesting shows random entry with money management is a breakeven strategy... now, who wants to breakeven? But still, better than the alternative.

This ain't no gag, 'mano, and I absolutely hear ya what yew sayin'. I gonna write up my tradin' rules and be postin' 'em to my 'site (which I PM you later).

I be tradin' ES, for me, 2 points is the shitz, I can usually get an entry that allows me 2 points or less stop loss, whilst allowin' potential 10 points gain, not a bad tradeoff given that I'm enterin' on high probability setups in the first place...

As I said, I trade just like you, I'm sure you know what that means.

'preciate the free advice,

Big Cabrito
 
Posted by Jack on our sister thread:

"See the attached as a wrap on bootcamp and a wrap for me in ET."

Have we heard that before? He is an unrepentant multi-recidivist attention whore like me.

He leaves ostentatiously. I get lonely, feel like my life is rudderless, contemplate sewercide and beg him to relent. He graciously returns. Then reminds me cruelly what a little shit I am. Then the game starts afresh. The B-Team is Pilate and Caiaphas to his Messiah. We are proud to serve humbly and content to be reviled for our essential historical service.
 
Quote from Socrates:

He leaves ostentatiously. I get lonely, feel like my life is rudderless, contemplate sewercide and beg him to relent. He graciously returns. Then reminds me cruelly what a little shit I am. Then the game starts afresh. The B-Team is Pilate and Caiaphas to his Messiah. We are proud to serve humbly and content to be reviled for our essential historical service.
More...

Oh, fer God's sake, Socrates, why don't yew just stick to dispensin' yer wizdom to us noobs? Why yew give a flyin' f**k what Jack be doin' or not doin'?

Jack ain't worth the time to read an entire post by him, 'mano. Ah cain't believe yew wanna spend yer time tiltin' at windmills, 'mano.

Cummon back to the good side of the force, dood. We need you here!

Regards,

Big C
 
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