Trading Without SCT

So let me see here... A person makes a suspect call, and tries to pull it down before anyone catches it, and then claims to be on the right side during some strong moves. He then proceeds to spend the next 2 days (and several new handles) defending himself on an internet forum... Hmmm.. Ok, now one might say, why not just "throw up a blotter", or better yet, "show us a video of your trades". One might be tempted to think he would be happy to do something like this to "prove" his superior skill and trading prowess.

Ahh, but then I am reminded of the many times in the past when everyone got to see what really is what.

Fatigue rings a recent bell.

Of course, One might anticipate a counter argument, perhaps one which goes something like this...

"I have nothing to prove to you _________! (fill in the blank with the usual T28 choice)." But then I ask myself, why would someone spend days, make hundreds of posts, use several handles.... All to defend a poor call ?!?.

But alas, since there is no honor, this current handle (whatever it is this hour) will fall, as have the 100's of others, and a new one will be born with the same manifestations of disgrace, dishonor and disrepect.

A truly sad state of affairs :(

Oh well, what do you expect from lunacy...
 
Quote from Long&Strong:

I did... you posted here :p

Anyway you will believe what supports your hopes and dreams.. I see you've spent your time here at ET almost exclusively in SCT threads..
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It is true, you have littered the entire site with your droppings. For the record, with regards to trading, belief is not a very powerful motivator or guide. Results ARE. We can see your beliefs (reference the droppings) and we can see others results.
 
Quote from Joe Doaks:

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.
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Hehe... "TWOT".... Well I guess I will post a "TWIT" then... :)

Silly little opening salvo, volume had me second guessing just after entry so I washed. The got back in once I saw I was indeed on the right side. My final trade would have made a nice reverse. So I missed a nice retrace. But that powerful move caught me a bit off-gaurd and my emotions got a little rattled. As a newbie, I am still learning how to deal with pace changes on the fly and keep the emotions in check (all in due time though). So I sidelined for a break after T5, which turned into the rest of the afternoon... :D

5 trades - 1.08X range. All in all a relaxing day of trading and good to go out with a nice little bang to end a good week.

Have a nice weekend Joe.

P.S. How did the 19 minds perform today?
 

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Quote from ehorn:

5 trades - 1.08X range. All in all a relaxing day of trading and good to go out with a nice little bang to end a good week.
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Nice trading, maybe one day when Trader-Troll28 gets off the sim machine he'll start posting his as well. :)
 
Thanks guys! I have much to learn about applying Jacks techniques. With SpyderTraders journals, everyone has a first class ticket to some very powerful methods laid out for those willng to perform the work. It has been a wonderful journey.

Have a great weekend.
 
Quote from steve46:

hey Ehorn

What a nice job of trading today...
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Yeah it was pretty good for a method that supposedly doesn't work! :eek: :p

Too bad Trader-Troll28 has never posted his (LOL, like in ever), but at least he makes LIVE CALLS!

LOLOL, if a comedian ever reads this shit, he has got to work that one into his shctick. :p

Be sure to update us all on his new alias when his ass gets kicked out of here again and he comes running back like a bad cartoon character. :D
 
Where did you go Joe?!? Did you abandon the thread?

Anyways, here is another "TWIT"...QED

Got to practice a couple of wash trades today on T2 and T3 (1 for 2... I need alot of practice here). Anyways, I stopped screwing around and just reversed back in short on T4. I missed the mark a little on the reversal into T5 (should have took the FBO 3 bars earlier :) ). T5 was an exit, my wife was bugging me to get the pool cleaned out for the little one. We have a duck that likes to come by every morning... Thinks its his personal pond/toilet or something... :D

T6 was me getting back in front of the display. T6 exit was me getting out of the way for the Fed announcement. T7 was me getting back in (when it appeared that the other paths were closed off) and finally T7 exit for the day.

So 7 trades got me 0.77x range for the day. About average for me at my stage in development.

As I mentioned before, I have much work to accomplish to become competent in Jack's techniques (hint. I am not yet making 3X daily range) :) But I intend to continue down the path of development.

As you may already know Joe, I have recently come to realize what Jack is all about (bless his soul!)...

He is about Freedom... He gives this gift of freedom away on these forums. Its there for anyone... Anyone can go and get it...

To those who have realized this and are taking the journey, once you arrive, please use the precious gift Jack and Spyder have given responsibly!

Ok, enough of my gushing already... Peace.

P.S. here's my chart (1...2...3... Just like "The Count".... ha ha ha!)

http://www.elitetrader.com/vb/attachment.php?s=&postid=1997377
 

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Nice Trade Ehorn

You are really nailing this thing to the wall.

I am impressed.

I will have to stop wishing you luck, since apparently no luck is involved.

Now the question is how can anyone doubt that Hershey's/Spyder's system works?


Best Regards
Steve
 
Quote from steve46:

Nice Trade Ehorn

You are really nailing this thing to the wall.

I am impressed.

I will have to stop wishing you luck, since apparently no luck is involved.

Now the question is how can anyone doubt that Hershey's/Spyder's system works?


Best Regards
Steve
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Thanks for the kind words Steve, I see I had a typo in there (was actually .97 X range) hehe.

Being new to trading, when I sat down last September to begin to assess the market and look to assemble a work plan to understand and study the markets operations, I searched around and read alot, performing a high level assessment of the various techniques and methodologies. I came across this website too and read quite a bit of the content within these pages. I stumbled upon Jacks writings and his ideas were fresh and thought provoking. So I began an assessment of his principles and techniques. It did not take long for me to determine that these were the 'Plan A' techniques I was going to commit to study. It was round about that time I found Spyders journals and began performing the drills per Spyder's instruction and example.

As the words go... There are many ways to profit from the market... I am just thankful that I found Jack's ways, and that Spyder has provided the framework to 'get up to speed' quickly.

Now as I focus on iteratively refining my work plan and my skills, I look to create an effective Trading Plan and Business Plan for the future. I cannot conceive the word 'luck' being in either of those plans. That would be a frightening prospect indeed! :D

Best wishes
 
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