funny story how I studied SCT

Discussion in 'Chit Chat' started by Illuminated One, Oct 1, 2007.

  1. Hey Deceived One there is one more Live trade posted on www.trade2win.com forum for your attention.... P/L + $ 140...
    So far I posted 3 winning trades on a row and you 0.... :D
     
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    #61     Oct 3, 2007
  2. Just to be clear, you are posting charts, not trades.
     
    #62     Oct 3, 2007
  3. this is everything that I posted in this tread....:)
     
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    #63     Oct 3, 2007
  4. I didn't see that. I say CONGRATULATIONS! I was confused because in the other thread you mentioned you were on delayed data, and real trades didn't make sense to me. Now I realize this was a forex trade.

    I wish you continued success.
     
    #64     Oct 3, 2007
  5. bundle I think you are great .... you just hang on and everything will be ok..... thanks for your channel video
     
    #65     Oct 3, 2007
  6. Tums

    Tums

    YES YES YES !!!

    You have got it !!!

    Channels are nothing more than dynamic sup/resist.

    SCT is merely trading off sup/resist !!!

    The best/ideal/most-efficient place to exit your long is also the best/ideal/most-efficient place to enter your short.
    i.e. ENTER long at Support, then EXIT long at RESISTANCE, at the same time, ENTER short at RESISTANCE... and so on...


    Forget about volume if you want.
    forget about the DOM if you want.
    forget about the Wall if you want.
    forget about the pair and spike if you want.
    forget about the harmonics if you want.
    forget about the str/squ if you want.
    forget about the flaws if you want.
    foget about the FTT if you want.
    forget about the BO/FBO/VE if you want.
    forget about the hitch if you want.
    forget about the dip if you want.
    forget about the stall if you want.
    forget about the LTL/RTL if you want.
    forget about the gaussian if you want.
    forget about the B2B/R2R if you want.

    SCT is about trading off sup/resist.

    If you can find the support and resistance of every swing and every oscillation, you can trade Continuously, Seamlessly, and reverse at every turn.









    p.s. please do not confuse the concept of SCT with your understanding of your own limitation.
     
    #66     Oct 3, 2007
  7. So Tums

    what you are saying is SCT is n EGO dream of one man


    furthermore

    SCT as told by Jack and Spydertrader is so complicated

    it won't make a dime.
     
    #67     Oct 3, 2007
  8. Tums

    Tums



    pls do not confuse the concept of SCT with your ignorance of Jack Hershey.





    Jack did not invent SCT.

    SCT has been in practice in one form or another by many people, including at least 2 ET contributors, for many years.


    Jack is kind enough to show everybody his version of SCT. You can take it or leave it. No harm done.
     
    #68     Oct 3, 2007
  9. You admitted you've only been trading for 5 years (1st pg of this very thread), dont you think you should put your own EGO aside and consider that, perhaps, you are not experienced enough to grasp it in full?

    I mean honestly, do you think that no one in the world makes more money intraday trading than you? Or that there arent more effective and efficient means to extract money than you currently employ?

     
    #69     Oct 3, 2007
  10. I dont trade SCT, but thanks for trying :)

     
    #70     Oct 3, 2007