14 actions (entry, exit or reversal) for 13.50 points ES (one wash trade). I began with the Opening Bar at 9:30 AM Eastern Time, and I stopped trading the ES at 2:00 PM Eastern Time. I'm not to SCT yet. I often leave the computer screens to chat on the phone, post to the ET Chatroom (or threads) or go have a smoke in order to give myself a mental rest. Since I am new to SCT, the practice drains me mentally, so I have to build up to doing it all day long. I'm still pretty much a rookie at this SCT stuff. Use your Time and Sales to filter out the small fish, and then. you won't experience the fake out's caused by small size. - Spydertrader
Spydertrader Congratulations Excellent trading. Would you please post your execution sheet sometimes so we can see exactly where you are reversing. It would be a big help.
congrat, and when it's time to file tax you will understand why you don't ever want to go back to stock.
Here is a chart showing Hershey making live SCT trade calls in a Paltalk room. On the very first trade he rode a 6 point winner into the dirt waiting for a point 3 to develop. Instead of making a multiple of the H-L he basically broke even IN LIVE TRADING CALLS. Oh yeah he was "out ahead of the mkt". Didn't exactly snag the low there eh Hershey ?
As a rookie, I still need to learn a few things. For example, I don't have it in my mind yet what Gaussians do for me, nor do I use Stretch / Squeeze at this time. I learn what tool to use, and in what context I should use it, as I move along. When I encounter some confusion with respect to market direction, I look in the toolbox to see what might help. Recently, I added Time and Sales and a NinjaTrader Ladder to help me focus in on trend changes / reversal points at support / resistance levels. In other words, I continue to progress to SCT, but do not yet have my mind wrapped around the entire puzzle. Once I do, I'll be happy to share the knowledge in whatever fashion required. I can already see how the 60 / 40 split takes a cut out of Uncle Sam's pockets. Cutting the tax bill definitely is an attractive benefit to trading the futs. - Spydertrader
Please allow me to read between the lines: These 14 actions occurred where the trades WOULD HAVE been made using the copyrighted JT Hershey HINDSIGHTOLOGY religion.
In keeping with the tenets of HINDSIGHTOLOGY I have corrected the Hershey chart showing how he really screwed himself on this particular day.
LOL. Payback? By the way how about sharing your SCT method. 8 points may be chickenfeed to some but its better than Im doing.