SPM Boot Camp

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Quote from jack hershey:

You may wish to look at the gold theme on this chart.

Who cares if you do not.

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No Loser.

You may wish to look at the PnL's that I am posting compared to Neoxx's and spydertrader's objective performance and see who is using a profitable system and who is using the trash talking of a decrepit old man to try to make some money.

Everyone else has ... at least according to the PM's I'm receiveing. :D
 
Quote from MandelbrotSet:

Hey Jahajee, no problem. Hope I can clear-up the confusion. (for those who don't know him Jahajee is an excellent bottom/top fishing trader, who is doing well even in these hyper volatile times).


Everything is correct except for your definition of the MACD Histogram.

"What the histogram shows in graphic form is the difference between the main MACD line (the 12-26 line) and the nine-period trigger line. This difference is then plotted on a scale to form a histogram, defined as a series of vertical lines. The higher the lines "grow" above the histogram's zero line, the stronger the price momentum and the more bullish the trend. The further the lines decline below the zero line, the stronger the negative the trend and the more downside pressure there is. When the MACD indicator itself issues a buy or sell signal, then the histogram is always at its own zero line."

quote source Street Authority - MACD Histogram


Here is what we (both Trader28 and myself) are saying:

1. When you have Buy Signal on the MACD Line and it is above the Zero Line (which measures price momentum) you have a STRONG BUY.

2. When you have a Buy Signal on the MACD Line and it is below the Zero Line you (which meausres price momentum) you have a WEAK BUY.

3. When you have Sell Signal on the MACD Line and it is below the Zero Line (which measures price momentum) you have a STRONG SELL.

4. When you have a Sell Signal on the MACD Line and it is above the Zero Line you (which meausres price momentum) you have a WEAK SELL.

All signals need to be supported by the MACD Histogram.

***

What taking these signals does is eventually teach you how to just read price action, where:

1. A strong buy means price is taking off to the upside and you are getting in on a retrace of the current trend.

2. A weak buy means price is trying to find a bottom and you may be able to get in early, but be careful and look for price confirmation, be willing to take smaller profits and/or bail if you have to.

3. A strong sell means price is dropping through the floor and you are selling a retrace of the current trend.

4. A weak sell means you are catching a reversal of the uptrend. Look for confirmation and you may need to exit/ re-enter your short if the market turns back up and makes a double top.
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Asymmetry must be fun. LOL...
 
Quote from MandelbrotSet:

No Loser.

You may wish to look at the PnL's that I am posting compared to Neoxx's and spydertrader's objective performance and see who is using a profitable system and who is using the trash talking of a decrepit old man to try to make some money.

Everyone else has ... at least according to the PM's I'm receiveing. :D
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Do yourself a favor for the rest of boot camp.

Apply all the profits from the gold theme to your account.

See if you can double the number of contracts daily for a while.

Its only 40 points a day percontract.

Go from todays 1 to 2 tomorrow to 4 on Thursday and 8 on friday.

I know it willo be new to you to do a few more trades each day and being the market on the right side all day long.

Then next week do the 10 to 20 to 40 to 50 contracts by Friday a week. It will make boot camp fun for everyone.

Do you wanna be rich???

Get the gold theme ATS emailed to you. Do you want the code posted for everyone??
 
I never knew he was such a tool.

While Neoxx has foundered desperately in the SCT Bootcamp, he comes over he and runs his mouth.

These people are so weak. :D
 
Here's a quiz.

Go to paint and fill in the HOLDs between reversals.

See if you can trade without price.

I could put up volume instead of the MACD and you would get the same result.

See if you are capable of using coloe and an open mind to see that YOU can be very very rich.

What about the ATS coding for this as a helper outer?

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Quote from jack hershey:

Asymmetry must be fun. LOL...
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Oh... seeing as how Jahajee used that information in part to create a profitable automated system based on the SPM it was a lot of fun! :D

Something that has never been done with SCT, so that makes it even more fun! :D :D

Quote from Jahajee:

ES 5m data JUNE to OCT 2008
1-lot position size; Capital 10,000
Commission $5; Slippage $12.5 (Slippage & commission total $35 per trade)
141 trades, Profit 18,400 ---> 184%
Allowed discretion on stops and profit target with wide stop and profit target @ $2000 each
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Quote from jack hershey:

Here's a quiz.
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I got a quiz for you Jack.

How many SCT trades does it take to make $100?

Oh, right, you don't know because you never traded profitably. :p
 
He's a desperate old loon reaching for anything he can grasp now that the SCT system of trading has been exposed as a farce and SPM is beating the stuffing out of it.

This is exactly what he did when jrreynolds produced a long-term chart of price performance for 2008 ... he tried to hoop aboard that wagon and pretend like he actually had something to say.

He's pathetic, and so is anwyone who follows in his footsteps.

Losers one and all.

P.S. They can wake up and smell the coffee or they can keep following his Pied Piper act ... however it goes, I couldn't care less.
 
Quote from MandelbrotSet:

Oh... seeing as how Jahajee used that information in part to create a profitable automated system based on the SPM it was a lot of fun! :D

Something that has never been done with SCT, so that makes it even more fun! :D :D
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I have bad news for you....LOL

1. He is going to convert to the better approach.

2. Your second paragraph is something jem would think up.

Do you think anyone out there is doing trading manually if they have an agroithm that is anomoly free?

Think about it. One day has gone by and a script for reversing on one signal can't be automated? think about it.

What was missing for your boot camp? What is still missing for you and T28?

Look at yout print. It is still showing loses. do you know what is missing?

No. Others will tell you. Others will use their own ATS's and post like the JUN to OCT only it will be compounded and the effective efficient version.

It is going to happen. kids can do this level of scripting for one indicator signal that handles both entry and exit as a reversal.

Anyone can reverse engineer the defaults used above for the price fractal used. It is tuned to advanced beginner and I posted how to take it from 8 trades to 13 already.

This is child's play for people with coding skills and a market feed.

All they needed was to be told what and how to do it.

Enjoy it happening.
 
Quote from MandelbrotSet:

I got a quiz for you Jack.

How many SCT trades does it take to make $100?

Oh, right, you don't know because you never traded profitably. :p
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10 to 100 milliseconds turn around time but you have to add 0's to the number. Chicken feed is not what we do.
 
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