Its becoming clear to me why I havent been able to get this sct thing. Im too damn dumb. I used to think I was pretty sharp. My IQ was pretty high in high school but I think my brain is pickled now by one too many Buds and a few kilos of pot over the years. I envy those who can grasp what you are laying out here Mak and more power to you. Fortunately there are opportunites for us slower brains too.
And plenty of them. Agree with you there. Just gotta let the market come to you. Cheer up and have a Bud. This bud's for you.
Good luck with your trading MAK. I see that you have been at it for about a year now. When you move out of your parents' basement be sure to let us know. Maybe you could move in with Jack who lives at his girlfriend's house. I guess he hasn't bothered to spend his trading fortune on a house of his own. Oh Wait. Here is his quote to me: Quote from Grob109 "People will definitely lose money using my stuff. That is a fact for everyone to know. "
Mak this is excellent work on your part and very generous of you to share and detail - many thanks ! I set up an IB DDE just now and works well - will watch it live tomorrow during market hours. For any IB feeders I used =myIBusername|tik!id3?last in cell B5 etc. I had to download and run the appropriate file from IB site http://www.interactivebrokers.com/cgi-bin/apiBetaControl.pl?ib_entity=llc thanks again ! IRL
Seriously dude, you really need to come up with better material. When Jack lived in Phoenix he didn't exactly live in a BFI dumpster. Perhaps, you should ask someone who lives in Phoenix to describe the house (and neighborhood) where Jack lived. You might not make yourself look so foolish in the future. - Spydertrader
LOL... If you knew anything about me, you would have known that I had tragically lost my parents a long while ago. Despite having life experiences similar to Job from the good book, I always keep my head up and count my many blessings. It is unfortunate that to this day you have yet to have a religious experience. Another FOMC day has passed you by. 8 points in 10 mins... There were nearly 20 on the table post 2:15. You have made a great example of why it is that being stuck is the worst place to be especially when you refuse to dig yourself out of the ABYSS you have dug yourself. You still haven't looked at the Equities component. 1%, 5%, 10%, 15%, 20% seeing any of these numbers in a single day is a religious experience. You look around and all you see are failures. Your mind is screwed as far as trading is concerned. Go to Collective2. There are a bunch of folks over there getting the job done for you (at a premium) that you can't do for yourself. It was predictable that you would respond to anything that is going on. Of course, there is alot going on... ...SIGH... So a few other comments. I know that there are a bunch of you who are running your channels (as one should). How this fits in is also very neat. If you're sweeping, you see that you only monitor STR/SQU when you get to boundaries. There were a few some time back who were having difficulties identifying a definitive FTT or the end of the R2L traverse. You can fine tune the bounces by observing the appropriate condition (STR or SQU) ONLY when you arrive at the boundary. If this is hyper during the AM/PM, just do some observations during lunch time lateral. The sequencing there is alot slower. I will try and see if I can combine the PRV (simple excel code) into the STR/SQU sheet. It is not idiot proofed but IMO it is a must have for various reasons. When I see my PRV redlined, it is the overriding signal to do nothing and just HOLD. Typically, the PRV is noisy for the first 30-45 seconds of each bar. Often by about 90 seconds into the bar, I find the PRV to be good enough to confirm that the bar is in fact greater or less than the previous bar (greater being CONTINUE, less than being CHANGE). The reason why this is important is that a CHANGE sweeps you over to the STR.SQU. SCTing is still a ways off discussion wise. I've been waiting a long time for other participants to get to the SCT point. However, there is no rush. It is very difficult for me to do a mind dump of all the relevant aspects and mind you, this is just the tip of the iceberg wrt STR/SQU stuff... LOL... Enjoy & Kind Regards, MAK PS Yes easy, still working on the IB version... SOON