Quote from gerry875:
snip....
and you can enter/exit at the top/bottom all the time then you are a genius - absolutely. only the charts and those lines - how come you know on a 5-min. bar(!!) when exactly we have the low or high when it'd be time to enter?? bs.
Your comment here is a major clue for you. Spyder posted a commentary on the market movement and how about five or six pertibations come along during a hold period. They have names like stall, dip, etc....
For each of these there are ancillary conditions that precribe how to handle the situation to continue to make money. Keep this mind for a moment.
You comment on the level of activity and it's variety as well. To you it seems to be quite an effort as you say.
If you delve into these matters, you will find that they all add up to a good use of time. And their repeated useage is also a very reinforcing and mind building process and strategy.
The SCT trading is a process of doing work. You get there after you have worked hard and thoroughly. Think of it as Foozball. My spelling may be incorrect. I believe great Foozers are made not born. Fooz is after all a mind game involving the coordination of putting the right thing in the right place at the right time. When you watch the Foozball champoinships on the TV year after year and in the Olympics, you know that the announcer istellingyou by name all the Foozes that the Fooozers use. You could listen to Foozball with your eyes shut. That is, unless you are competent in Foozball; if not, you may find the Foozing strategies mystifying. Foozability comes from doing Foozabilty drills and Foozalating to build strategies. In the end it is faster that the eye can comprehend for an inexperienced Fooser. A good Fooser is never several moves ahead and it is because he has a future space to the right where there are projected annotations. Price moves on the forming bar as the future moves into the present all fully annotated.
The FTT is a consequence of several simultaneous data elements, all vectors. The consequence of viewing the relative values of adjacent elements (That is many pairs are involved) is that A great deal of information is available. This abundance, sufficiency and completeness elimintes risk and explosively provides conclusions (evident beliefs in front of your face) and the appropriate behavior kicks in and a goal is scored.
SCT traders spin the handles for over 6 hours a day. we have three levels of handles too. the ones near the goals are fast. the next ones out are moderate and finally the outside ones are boundaries of the game. They are all rojected on three levels into the future ahead of the bars that are filling in in the NOW as the future moves into the present. Continually. relative comparison pairs give magnitude and direction (vectors of informaion).
These data sets are then analyzed in a process that creates a specific conclusion that matches the data set on hand. Analysis is simply experiencing a belief (conclusion) rising to the conscious surface as a consequence of a data set being present. There are no single unique data elements that are reacted to. That is not a Foosball way to play; it takes two hands to play all of the time.
This conscious conclusion is very very reliable and provides the most efective and efficient operating stage for the next step: decision making. One of five possibilities appears. Over and over the possibility most likely is HOLD.
There is occassional drama as the Foozball approaches a paddle andas the paddle is shifted laterally to fit in with the ball movement. This is the conclusion leading to the decision to reverse and then label the FTT. The FTT can be on the fast small channels, the moderate channels that contain the fast channels (traverses); these are two baggers in Foozball lingo; or a homerun FTT can be there on the slow channels which are truncated by R and S levels.
What is common to all FTT's is the price and volume vector comparitive relationships. And there are back up things to see also. Annotations are projected into the future; they move into the present where the forming bar is being monitored for analysis, decision making and a behavioral action when required.
2 to 3 bars on the fast, moderate and slow levels are all that are require for annotaion. Three points are the sufficiency for annotating. You, extraordinarily, see 1,000's of lines while the practitioner is only drawing a sufficient number. We do not spin our paddles all the time; it only looks like it to someone who is not on our team.
What is true of an FTT is this; it is only there if there is a channel to contain it. Between FTT's there may be HOLDs of various sorts. The four part routine may yield hold after hold as the decision. This is how SCT stays on the right side of the market continually.
Efficiency is learned as one does the putting best at the turning points. I do the coarse, medium and fine as a turning point is apraoched. Again this is using data sets that contain vectors(magnitude and direction).
The key is to build on success and move up the Foozball ladder at the club house. Just spin to win
Spyder's post on the pertibations must be read and printed and highlited and kept near the top of your logs for two weeks.
*Foozball is a registered trademark of the Hershey Foods Corporation.
