The 4 stages of the SCT trader

[Mr_Black]

Quote from bastionier:

Oh you have me confused with yourself.. someone that needs Jack and Spyder to do your thinking and trading for you.. enjoy the losses

It will be nice someone like Jack or Spyder to trade for me...I will be filthy rich $$$$$$$$$$$$$$$$$$$

 

[Mr_Black]

Quote from bastionier:

Oh you poor bastard.. and judging by your English it's your second language.. why am I not surprised that so many of Jack's followers fall into that category?

My English is bad but I still manage to pull 4-5 ES points per day...

 

[Mr_Black]

This was The Point III if you don't know what Point III is its OK I understand....may be you feel angry from high gasoline prices ....

 

[Mr_Black]

And FBO...again

 

[Mr_Black]

Quote from bastionier:

Thanks Mr Hindsight

What high gasoline prices?

Hehehe you know Mr. Redneck

 

[Learning_SCT]

wow Mr. Black those screenshots sure are impressive. I think this is the proof the detractors have been waiting for.

are those NT indicators you are showing ''public''? are they for sale? they look really useful.

 

[Mr_Black]

Quote from Learning_SCT:

wow Mr. Black those screenshots sure are impressive. I think this is the proof the detractors have been waiting for.

are those NT indicators you are showing ''public''? are they for sale? they look really useful.

I am using Price , Volume and 20 SMA only for indicators you can check The Software thread free of charge.....

 

[JSSPMK]

Because huge money is being thrown at markets on daily basis & quite a big chunk of this money is short term speculation emotions will be present, especially so whenever there isn't a strong trend present. So instead of using 1 average, I would suggest using 2 & not pay attention so much to ever so popular crossover signals (TA gurus love that), but to the times when distance between 2 averages starts getting narrower. A typical example would be price going from 100 to 110 distance between 2 averages is 5, then price goes from 110 to 120 distance between averages is 4, next price goes from 120 to 127 distance between averages is 2.5. That is 1 of various ways to implement averages to spot weakening price action or vice versa to see strengthening price action.

Here is a visual example of weakening price action in OIL, if you look at the histogram pattern (which basically is a visual representation of distance between 2 averages) although price keeps going higher & higher histogram peaks are getting smaller & smaller indicating that price action is weakening & that any time soon there MAY be a correction of prices. Of course finding a point in time to trade that signal takes a lot of skill, commitment & money.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1961743>

 

[Mr_Black]

Quote from Hack Jershey2:

Jesus H Christ.. 20 SMA

How in the world do you think you can become one of the 5% that make money by using an MA that the other 95% of traders are using?

Seriously Blackie.. give that question some real hard thought!!!

Thats my point to...

 

[TIKITRADER]

Everyone of us look at the same charts each day, we just see things a little differently.