Actually, many of the channels (thick lines extending into the previous day) are drawn in an entire day in advance. I've explained this all before. In addition, I normally include the time clock in the screen shot. Comparing the time of the screen shot with the upload time of the post leaves very little time to add the icons, circles and arrows - let alone all those "1000's of lines." Now, if you want to believe I draw in the channels in hindsight, fine be me. I promise to make no attempt to convince you otherwise. Thank you for admitting your intentions here remain less than honorable. Again, I encourage you to create your own forum (and I again offer to link to it from here) where you can debate the merits presented for as long as you have the energy to type. Good Trading to you. - Spydertrader
You are talking about short set-ups, correct? I had a look at LQDT and MGPI and they both look like FTT's in an up channel, but I am still VERY new to channels. Care to comment? Thanks! TNG
very interesting that somebody who is in the market all the time - draws lines all the time, etc. still has time to come here and post all the time. you know that your lines (i don't care how or when you actually draw them) on those charts are far from being objective - some "ftt's" are left out here and there, etc. and if you say you can trade like that - just the lines and "ftt's" and nothing else - and you can enter/exit at the top/bottom all the time then you are a genius - absolutely. only the charts and those lines - how come you know on a 5-min. bar(!!) when exactly we have the low or high when it'd be time to enter?? bs.
If you're going to come here and trash this system at least spend 5 mins or so learning SOME of the rules. I have no problem with objective critism of anything, but I don't have much tolerance for someone who takes a cursory glance at something and then trashes it. This attitude is especially surprising from somone who insinuates that they are an experienced trader. If it's not working for you, fine, post some questions here and people will gladly help you. If you feel that you know the system inside and out, and it's still not for you, then head on over to some other message board. I don't need anyone to tell me whether this works or not, I will make up my own mind. If I decide it's crap, I'm going to move on, I suggest you do the same. Thanks, TNG
i can't remember that i asked YOU for anything. before ever trading with real money you hopefully calm down a bit. getting aggressive is not unusual for somebody who doubts what he's doing - you obviously have lots of doubts. if you made money with this - you would simply ignore me. you did not - why...?
LOL, you're quite the psychologist. I simply made a request that you look into this and post some valid concerns rather than vague ramblings that pollute the thread. At any rate, if you care to discuss the pros/cons of this system with some valid concerns, I would love to. If you continue to make vague, dismissive comment then I will not reply. As for the comment about making money, I've posted real trades in this journal in real time (and in the chat room) and will continue to do so. You have every opportunity to check to see if I'm making money with this or not. Thanks, TNG
1. I never said I am "in the market, all the time." In fact, I stated the exact opposite. I do not yet have the skills to perform SCT. However, I can trade from an FTT to another. 2. I don't post "all the time" to this forum either. I have taken the time during a FED day to respond here to your vitriol. I do post in the ET Chatroom throughout the day, but often sit idle when market action requires my attention. 3. I also indicated early on that I do not trade every FTT listed on the charts. For someone who claimed to have "watched the charts I have posted," you do not show very promising comprehension skills. Wow. The amount of BS contained in the above paragraph exceeds that of your normal level of obfuscation. First, let's clear up a few of your misconceptions (or outright lies, if you prefer). Shall we? 1. Good to see you "no longer care when I draw the lines in." WHich is it now? One minute, I couldn't have possibly drawn them in advance, now suddenly the fact you incorrectly ran off at the mouth has no bearing on the discussion? At least have the intellectual honesty to admit your errors. 2. I almost never catch the exact tops or bottoms, nor have I ever stated that I did so. In addition, I don't care to even try to catch every top and bottom. That is a fools game. Plenty of money in between the extremes. 3. The FTT rule set works on any time frame - and not only on a five minute bar. Several traders have posted charts showing FTT's on numerous time frames - including the daily. 4. Additional tools exist which assist the trader in locating market turning points. Such tools exist in any system. I have recommended starting to learn to follow the FTT in the beginning in an effort to "Train One's Brain." Some people take months to move beyond this point. While others, can accelerate past the beginning stages within a few hours. ************************ As I said gerry, feel free to disregard everything I have written here and elsewhere. I do not expect you to blindly accept the premise of the information presented. However, I do expect you to show some respect to others who enjoy reading a thread free of the garbage you so frequently post. Now, for the third and final time, I politely request you take your agenda elsewhere. I am happy to link directly to your discussion in an effort for you to have ample opportunity to debate your points in great detail. As a result, please kindly take your agenda elsewhere. - Spydertrader
Your comment here is a major clue for you. Spyder posted a commentary on the market movement and how about five or six pertibations come along during a hold period. They have names like stall, dip, etc.... For each of these there are ancillary conditions that precribe how to handle the situation to continue to make money. Keep this mind for a moment. You comment on the level of activity and it's variety as well. To you it seems to be quite an effort as you say. If you delve into these matters, you will find that they all add up to a good use of time. And their repeated useage is also a very reinforcing and mind building process and strategy. The SCT trading is a process of doing work. You get there after you have worked hard and thoroughly. Think of it as Foozball. My spelling may be incorrect. I believe great Foozers are made not born. Fooz is after all a mind game involving the coordination of putting the right thing in the right place at the right time. When you watch the Foozball champoinships on the TV year after year and in the Olympics, you know that the announcer istellingyou by name all the Foozes that the Fooozers use. You could listen to Foozball with your eyes shut. That is, unless you are competent in Foozball; if not, you may find the Foozing strategies mystifying. Foozability comes from doing Foozabilty drills and Foozalating to build strategies. In the end it is faster that the eye can comprehend for an inexperienced Fooser. A good Fooser is never several moves ahead and it is because he has a future space to the right where there are projected annotations. Price moves on the forming bar as the future moves into the present all fully annotated. The FTT is a consequence of several simultaneous data elements, all vectors. The consequence of viewing the relative values of adjacent elements (That is many pairs are involved) is that A great deal of information is available. This abundance, sufficiency and completeness elimintes risk and explosively provides conclusions (evident beliefs in front of your face) and the appropriate behavior kicks in and a goal is scored. SCT traders spin the handles for over 6 hours a day. we have three levels of handles too. the ones near the goals are fast. the next ones out are moderate and finally the outside ones are boundaries of the game. They are all rojected on three levels into the future ahead of the bars that are filling in in the NOW as the future moves into the present. Continually. relative comparison pairs give magnitude and direction (vectors of informaion). These data sets are then analyzed in a process that creates a specific conclusion that matches the data set on hand. Analysis is simply experiencing a belief (conclusion) rising to the conscious surface as a consequence of a data set being present. There are no single unique data elements that are reacted to. That is not a Foosball way to play; it takes two hands to play all of the time. This conscious conclusion is very very reliable and provides the most efective and efficient operating stage for the next step: decision making. One of five possibilities appears. Over and over the possibility most likely is HOLD. There is occassional drama as the Foozball approaches a paddle andas the paddle is shifted laterally to fit in with the ball movement. This is the conclusion leading to the decision to reverse and then label the FTT. The FTT can be on the fast small channels, the moderate channels that contain the fast channels (traverses); these are two baggers in Foozball lingo; or a homerun FTT can be there on the slow channels which are truncated by R and S levels. What is common to all FTT's is the price and volume vector comparitive relationships. And there are back up things to see also. Annotations are projected into the future; they move into the present where the forming bar is being monitored for analysis, decision making and a behavioral action when required. 2 to 3 bars on the fast, moderate and slow levels are all that are require for annotaion. Three points are the sufficiency for annotating. You, extraordinarily, see 1,000's of lines while the practitioner is only drawing a sufficient number. We do not spin our paddles all the time; it only looks like it to someone who is not on our team. What is true of an FTT is this; it is only there if there is a channel to contain it. Between FTT's there may be HOLDs of various sorts. The four part routine may yield hold after hold as the decision. This is how SCT stays on the right side of the market continually. Efficiency is learned as one does the putting best at the turning points. I do the coarse, medium and fine as a turning point is apraoched. Again this is using data sets that contain vectors(magnitude and direction). The key is to build on success and move up the Foozball ladder at the club house. Just spin to win Spyder's post on the pertibations must be read and printed and highlited and kept near the top of your logs for two weeks. *Foozball is a registered trademark of the Hershey Foods Corporation.