No mystery at all. It's based on the PV relation. IMO the fundamental tenet of SCT. Just quantifrying it because I can't keep crayons in the house (ever since I was little I have loved to eat them).
Thankyou, Albert. Just thinking about 'SCT simplified' and the brilliance in simplifying 'it'. I'm sure you are familiar with a poster named, Socrates? Well, he posted a chart, 3 bars (daily bars, if i remember rightly), the central bar was the 'simplification', very nice indeed. Respectfully, Dackster.
Dackster, Al Cibiades and Socrates were both contributors to this system: http://www.elitetrader.com/vb/showthread.php?s=&threadid=152785
Good morning, Joe. Yes, the characteristics of the system are reminiscent of the above mentioned. Thankyou. Dackster.
Well, I WAS going to let this absurd thread die a richly deserved death, but today one of the systems actually WORKED! It took a bit of a strong stomach to follow it (I never would have, with my three tick stop), but, hey, Jack doesn't USE stops, so it would be good for that crowd. Fifteen net points on a shit-eating day like today was not shabby, IMO. Better than I made trading MY way (in truth, I outsourced my trading to Mumbai so I could stay drunk all day, the little brown shits didn't make much, but it was more than I drank up, hope they didn't pollute the purity of ET too much with their monkey jabber).