Why do folks reveal Profitable Strategies, are they NUTS?

[achilles28]

Quote from austinp:

<i>"... there's a lot more, but I'll stop there, I have to take a nap before the open"</i>

Good Lord, <b>JJ</b>... what're you doing up at those hours? Leave those foreign markets alone and get to bed. Plenty of money to be made in our eminis when they open (laugh).

Jack and followers don't have a system... they teach a general methodology, which is the parent of system(s). Once a trader takes some methodology parameters and assigns them defined, black & white rules, the methodology then spawns a system.

The more simple a method is, the easier one can create a system from it. More complex methods will certainly show greater potential profits available, but the chasm between <i>potential</i> profits in hindsight and <i>realized</i> profits in a real-money account can be wider than the Grand Canyon.

Jack, Spyder and gang are to be commended for working hard at trying to make a difference for others. I would opine that trying to catch the major intraday swings instead of every wiggle on a chart would be much easier in reality. Perhaps channeling the major reference points instead of every bar on an ES chart would have newbies grasp the picture far faster.

Trendline channels in harmony with pure points of reference will make money. In yesterday's case, seeking buy signals in the ES following its clean bounce from S2 would have been a no-brainer. Forget trying to short any weak little blips... that only clouds the emotional judgement of most traders.

It is emotionally impossible for most traders to take 20 - 30 - 50 - 100 turns intraday AND remain effective for long periods of time. It's also a waste of time. Just measure the market, read the tape and take trade signals in direction of existing market strength, be it up or down. Channeling the major swing points and/or using some other key price measures will easily accomplish that.

At the very least, Jack, Spyder & gang are trying to offer solutions in their own way. Nothing is this entire forum is less useful than posters who only ever denigrate, bitch and complain without likewise offering solutions to their complaints.

DING DING DING!!!

We got a winner.

Current presentation of SCT is too complicated (read:CONFUSING) for newbies.

Start simple then add incremental layers of refinement.

Focus on the big time frame first, then slowly work down through successive time frames applying the same channeling technique to each newly created sub channel.

What's being taught now is the most advanced form of channeling (seamless continual trading) which in reality, should be presented last as it demands the highest attention to detail and contextual experience. Very difficult for a green horn to cut their teeth on - let alone, get a 'feel' for what the strat is all about.

I'm sure there's a reason for this and I'd be quite curious to know what that is....

Either way - a big and hearty THANK YOU to jack and his a team for taking the time. For without which I would have obliviously strolled on by without paying a second thought


Thanks guys.

 

[T280]

Quote from achilles28:

DING DING DING!!!

We got a winner.

Current presentation of SCT is too complicated (read:CONFUSING)

That is a direct result of Jack's ego, he could explain it with clarity and brevity if he chose, but he would not sound quite so esoteric and exotic to mindless devotees... he's a word wanker

 

[achilles28]

I agree in the sense he's overly verbose. But jack opened my eyes so I respect his approach.

At its most fundamental level, all that's being taught here is dow theory, suuport and resistence and trendlines and channels. That's it. But it works.

Night

 

[T280]

Quote from achilles28:

I agree in the sense he's overly verbose. But jack opened my eyes so I respect his approach.

At its most fundamental level, all that's being taught here is dow theory, suuport and resistence and trendlines and channels. That's it. But it works.

Night

Of course it works but his ego and drivel have found a way to make it inaccessible

 

[PointOne]

Quote from achilles28:

But it works.

Prove it! We want to see execution reports. You could be living in a trailer park and posting from an internet cafe <rant>...

As to your previous post, yes, there is a recognition that beginners should stay on the "forest" level. This is not the fault of the teachers at all - trying to transfer knowledge across the web is like herding cats (no catfish allowed either). No harm, no foul.

A reminder of the rules:

Locate "Point Three" Trends and draw in the channel lines. Within those channels, look for the FTT formation. Follow price from that point. Once you locate an FTT and begin to follow price from that location, look for three possible "End Effects" and take appropriate action.

1. Another FTT (Reverse)
2. An FBO (Exit)
3. A BO (Hold)

At this time, one should only monitor the markets looking for the FTT and following price action.

Monitor Volume changes as well during this time. In addition to the FTT formations, make sure you understand the Gaussian Formations as well.

[Edited]

It's really not that complicated.

 

[almos]

If you get angry, especially in trading, you are hurting yourself. Anger disturbs your calm wise ability to function at your best.
Thus when you trade you miss important signs or see things that are not there. You also misjudge news, and other input because your attention is focused on anger and not on calm observation.

As I have said many times, emotion has no place in trading. Anger is a wicked attitude that helps you self destruct if you keep it up. You are not a bull in the ring charging a human with a red cape. If you see red in forex for any reason, or in any other trading, better become a hermit. At least as a hermit anger will not make you loose your money. Here is the best advice I can give you about anger and trading. Trust no broker-use them. Observe, observe, observe. Learn all you can calmly. Most important-love yourself completely and honestly. You are a great being and only you can love yourself as you are without any judgement towards yourself.

Create good luck. Attitude is everything.

Almos

 

[Pr0crast]

Current presentation of SCT is too complicated (read:CONFUSING) for newbies.

Start simple then add incremental layers of refinement.

Focus on the big time frame first, then slowly work down through successive time frames applying the same channeling technique to each newly created sub channel.

What's being taught now is the most advanced form of channeling (seamless continual trading) which in reality, should be presented last as it demands the highest attention to detail and contextual experience. Very difficult for a green horn to cut their teeth on - let alone, get a 'feel' for what the strat is all about.

Are you sure you aren't talking about the SCT posts of yore, like "Questions for Grob" etc? In the new futures journal, Spyder/Jack/Mak et al have taken GREAT pains to simplify the learning process. The first month is just ES, price, volume, and channels. The second and third month is the YM. The fourth month is STR/SQU. Etc. Every month a new layer is added. And what we are doing does not even come close to touching SCT ground until probably the very end of this year. Your post really confused me, and I'm pretty sure you haven't seen what's being done. You should stop by sometime, or check out the digest <a href="http://pr0crast.com/hershey/ET/spyfut.vol1.zip">download</a>

 

[Bearbelly]

Nice job on that condensation Pro!

 

[ammo]

i took a crap this mornin in a bucket,then i wiped three times and i now have the bucket next to my desk,its a grim reality that needs to be flushed,not mentioned for it will repeat itself tomorrow,t80 quit puttin crap in every one of your posts

 

[T280]

Quote from ammo:

t80 quit puttin crap in every one of your posts

Wish into one hand and shit in the other and let me know which one fills up first