Trading Without SCT
- Thread starter Joe Doaks
- Start date
Well done, Mr. Black! Thanks for sharing! Did you use SCT for any of those trades?
What IS it with you SCT traders that you'll only post executions on Duref Mudgin's thread or mine, not on your own? So I guess if I want to keep seeing them I'll have to keep this thread alive, preferably with insults, which you seem to crave.
I have a theory I developed a few minutes ago that the fastest chart on your screen ought to be timed to match your decision making speed. I give you two extreme system trading cases.
First SCT. Those of you who practice it don't realize that Jack selected the 5-minute timeframe because he's a bit slow. Has to ponder the situation. Balance all those 37 full-up-SCT parameters through several sweeps before he can make a decision. So he has foisted an oldster's cognitive pace on all you youngsters.
Second TWOT (Trading WithOut scT). This system is designed for traders with febrile brains and fleet fingers who can make and execute decisions in ten seconds or less. It works for me despite my age because I have nineteen minds computing in parallel. Example 10-second chart attached. I also have a 1-second chart running, but that's only to detect extraordinary market internals, it's not for entries and exits.
So now you owe me some SCT execution reports, the more glorious the better. But make them believable, please.
I have a theory I developed a few minutes ago that the fastest chart on your screen ought to be timed to match your decision making speed. I give you two extreme system trading cases.
First SCT. Those of you who practice it don't realize that Jack selected the 5-minute timeframe because he's a bit slow. Has to ponder the situation. Balance all those 37 full-up-SCT parameters through several sweeps before he can make a decision. So he has foisted an oldster's cognitive pace on all you youngsters.
Second TWOT (Trading WithOut scT). This system is designed for traders with febrile brains and fleet fingers who can make and execute decisions in ten seconds or less. It works for me despite my age because I have nineteen minds computing in parallel. Example 10-second chart attached. I also have a 1-second chart running, but that's only to detect extraordinary market internals, it's not for entries and exits.
So now you owe me some SCT execution reports, the more glorious the better. But make them believable, please.
As the world's leading developer of Nuevo TA, I feel that it is incumbent upon me to feed back my latest endeavors to the community which provides me so much inspiration. As is well documented in the literature, I consult for trading psychoanalyst Dr. Duref Mudgins on difficult cases of compulsive over- or under- trading. Dr. Mudgins analyzes his client's problem, and I devise a solution using the principles of Nuevo TA.
Today I wish to present two new undicators called Fatigue and Confusion, developed for a client who invariably leaves the screen just before the big move pops. To quote him: "I get antsy when something is not happening, but I am also anxious that nothing is about to not happen. So an hour or so after the open I am a complete wreck. I need to take a piss. I crave carbos. My eyes hurt. I am overwhelmed by drowsiness. I desperately need a drink. And I am overpowered by the urge to surf ET or some other pornographic website."
The attached chart shows my solution for a selection of NQ today. The upper pane is the undicator Fatigue. It is based on a sound mathemagical analysis of the characteristics of price which make traders tired of watching. The lower pane is Confusion. It likewise is a mathematical representation of the price conditions which engender a sense of confusion. I am sure you can all relate to the stress level of trading, evidenced by how rare those few minutes are when the market is neither fatiguing nor confusing.
Today I wish to present two new undicators called Fatigue and Confusion, developed for a client who invariably leaves the screen just before the big move pops. To quote him: "I get antsy when something is not happening, but I am also anxious that nothing is about to not happen. So an hour or so after the open I am a complete wreck. I need to take a piss. I crave carbos. My eyes hurt. I am overwhelmed by drowsiness. I desperately need a drink. And I am overpowered by the urge to surf ET or some other pornographic website."
The attached chart shows my solution for a selection of NQ today. The upper pane is the undicator Fatigue. It is based on a sound mathemagical analysis of the characteristics of price which make traders tired of watching. The lower pane is Confusion. It likewise is a mathematical representation of the price conditions which engender a sense of confusion. I am sure you can all relate to the stress level of trading, evidenced by how rare those few minutes are when the market is neither fatiguing nor confusing.
Hey Doug
That a nice record your are compiling. Good job
I'd like to ask how you feel about your experience using this method....I tried it for a while and it worked pretty well. I noticed that the main benefit for me was that it taught me how to quickly orient myself to the open (using the "tape").
What I also found was that I made my money earlier in the session.
So I am interested to hear what your experience has been like
I don't want to give the wrong impression. I don't use it to trade now. I found other tools that I like better and that fit my termperment. But I think I benefitted greatly from the lessons learned while investigating it.
Steve
That a nice record your are compiling. Good job
I'd like to ask how you feel about your experience using this method....I tried it for a while and it worked pretty well. I noticed that the main benefit for me was that it taught me how to quickly orient myself to the open (using the "tape").
What I also found was that I made my money earlier in the session.
So I am interested to hear what your experience has been like
I don't want to give the wrong impression. I don't use it to trade now. I found other tools that I like better and that fit my termperment. But I think I benefitted greatly from the lessons learned while investigating it.
Steve