Bighog: How one wants to interpret my answer is really up to the individual. The OP asked a question in the poll, this is my reply. The OP asked people to read carefully before they reply, I did. You should too, unless you have ADD. My answer is answered toward the limited question in the poll. Your interpretation is expanded, extended, extrapolated and manipulated, much like the way you read Jack. I had fun reading your posts, and had even more fun reading Jack's reply. The way you read is not giving you the answer you wish, only the answer you want. You seem to be happy in your paradigm.
that is correct. Jack/Spyder/Mak haven't invented anything new. They merely talked about new ways to observe old happenings: you know, the volume up, volume down thing. Maybe they will teach something new later on, stay tuned.
Harold, you made an important point that many traders do not understand. Any market combined with a given trading technique has a liquidity ceiling. The less risk you want, the more liquidity you need. What you say strikes me as true, and congratulations on finding a stop-and-reverse methodology that is optimal. I take it you are using SCT, or a derivation thereof. Regards, PTR
I knew from the very beginning, despite your retorts, deep inside you you were a believer. Now you are showing it.
ok - seriously - let's assume for a moment that this "sct" thing really works. it makes CONSISTENT profits in any market with enough liquidity, etc. - under all market conditions - come what may (i think this is more or less what is claimed). 3 times the range of whatever - or more or less - not that important. fine. here are a few very simple questions: if i remember correctly it has been mentioned elsewhere several times that even an automated version exists. so if this is true so far AND those who developed it are so generous to share it with the rest of the world, then: 1. why are there traders who want to learn how to do it "by hand" at all? 2. why is not yet running an automated version in almost every household in the usa? 3. what if sooner or later this all makes its ultimate breakthrough around the world and every person who likes can trade it and make money with it - for example in the ES - and what if much more than 50% of the volume in every liquid futures market comes from "sct" - then where should all those massive profits come from? * today - how many profitable (top level) "sct"-traders are there already around the world (3 times the range or more / 50 lots or more / 40 trades per day or more)? and how many different markets (futures intraday) around the world are traded by these traders? and if sooner or later we see that broad "sct" breakthrough - how long will it take until the worldwide "sct community" runs out of markets that qualify for this? -- and why has all this not happened yet? * if this is so easy to learn for anyone of at least average intelligence (within a year or so) - then i think there should be so far at least 1,000 sct traders around the world (or in the usa) doing this at top level (see above) - in the ES alone - since your masterguru claims to have mentored a lot of traders in the last 50 or whatever years AND all those are also obliged to forward their knowledge and skills. just a few important figures: 40 trades per day with 50 lots means 2,000 traded lots per day in the ES for every top level "sct"-trader. the ES trades around 1 million lots per day - if we had at least 1,000 sct traders that alone would make 2 million lots every day ... (maybe this or next year we will see if at least one person can proceed to 2,000 lots per day / always in / making 3 times the range / etc. - your masterguru claimed that it will happen - in fact almost all of them should be able to do it - so let's see ...).
Mr. New Alias, I truly hope nobody believes me, I have a good thing going and would like to keep it that way. I DO appreciate all the help on your part to keep things negative. Your buying me some time. Thanks again -Harry
Yes, I must be. Keep doing what you are doing, it saves me from having to start my own alias to counteract my big mouth Edit- For everyone reading, i should have used the PM feature to post about my trading to Thunderdog but I cannot erase it now. i suggest everyone disregard what I posted. Sometimes I get into the moment and reveal stuff I shouldnt.
I feel like a father who is taking the training wheels off his kids bike and watching them ride on their own for the first time. You are doing great firestorm, I think you can handle it from here without any more encouragement from me