TraderZones is probably laughing at your 40%. There are certainly "gurus" who show up trying to gain accolades and praise, but TraderZones seems to be the anti-guru guru, seeking praise for his anti-ness. Why else post the same thing over and over again. One post is enough to express an opinion. After that, the rest of the posts are for - what? Belief that anyone reading is too dense to make up their own mind? Praise for the anti-guru guru? The black-hole illustration is kind of fitting, since a telescope is a lens with a unique property. Also, the aggregation/disaggregation in black-hole/nova.
I only reviewed Jack's method very briefly when someone directed me to an old thread of Spydertrader's. I noticed that Jack's method reflected much of what I was learning this year. I really have no deep knowledge of SCT, but I've gotten a lot of insight from Jack's technical posts on ET as well as his psychology. I don't understand why the guys who post nonsense in response to every one of Jack's posts can't just place him on Ignore. Everyone forges their own path in trading, hopefully integrating what works and discarding what doesn't.
I would suggest that your success came from you, not from someone else. Remember, even a broken clock is right twice a day. At any rate, thanks for the reply and continued good trading.
No Nodoji isn't. As it happens he just very accurately how the market moves forward. In general, it is fairly logical that all methods as they become iteratively refined, tend to exhibit some convergence. Look at the your spectrum of successful methods (or look it up). there is an adjacency concept at play. As you go from lessor to greater, you see how additional snippets are added to increase effectivenss and efficiency. Mr Black and Nodoji do similar legs of profit segments and the are running in parallel. Mr Black does the third leg as a standard trade. Nodoji is adding more certainty to his third leg. Observers of the many successful trading methods in ET, see a lot of the commonalities. You can also see how the stupid fucks on ET often attack traders who have similar persuasions. these stupid fucks, as OCD as they are can still recognize the group of people they have trained themselves to hate with a vengence. the most humorous part of their plight is that before they went over the edge, they could have learned to make a heck of a lot of money. People move from trend following to trend analysis. The systematic people are highly organized and they are focussed on how the market operates primarily. The rules for automating trading can come down to simple Boolean expressions as an alternative to probabilitic thinking. The convergence of methods as excellence is achieved comes largely from the application of logic. Logic thoery (Carnap) is not where such trader begin, but it is something that comes into the picutre when they sift through the parts and begin to put the pieces together. Keynes is the leader of the pack when it comes to making a system very orderly. He links the subject to its measure. What is emerging here is the 3 moves the market makes to forward a trend form beginning to end. the first two omves define the trend. they are tradable, of course. A dinant, with the trend move begins the 3 moves. A retrace follows (think of all the traders whoenter AFTER a retrace with what they call "high probability". Lastly the reappearance of a dominant moves forwards the trend to its end. Long and short, 3 move, segments repeat all day long. Trading is a great deal of fun under these circumstances. In terms of the market's offer, 40 contracts traded for 12 hours equals the average salary of a medical doctor. Naturally there are bells and whistles on trading the 3 moves nodoji has put into the space correctly. By adding these accutriments to the framwork of the three moves a trader becomes expert at extracting the offer. we see nodoji working purposefully towards expertese and so far he has excelled to the tune of 40% a year ROI. He will shift gears and come to understand his 3 move scenerio is what is used to interlock the nested fractals. You can see rainman (sp) working on nested fractals. You see ProfLogic nailing down the pattern using market profile. AMT4SWA really integrated mulitple fractal trading as did powergirl. at some point you notice that some trading is reversal oriented rather than entry/exit. This is the moment when peope realize that an exit is an identity with an entry on the opposite side. In other words the progression to excellence involves more and more commonality in the sprectrum of high quality approaches that are systemmatic. If a person looked at the process, it comes down to a multi level dichotomous key. At every branch there is a choice to move forward or to go off on a branch that gets very thin at the end. I have that key punched up for 64 common results of decision making. Only a few lead to success. It is the replacement for spending 10,000 hours learning to breakeven. Bt making decisions to follow a critical path a person becomes expert in a short time. Here in ET we even get to see some of the OCD branches performing (though not in trading). Nodoji's three move conclusion is an identity with the pattern of the Pool Extraction Paradigm and its three applications PVT, SCT, and SSR. This is just an example of how purposeful learning about how markets work can lead to common conclusions. It just happened on ET. Fro Nodoji it is "lift off" time and he is taking flight to go to any altitude he chooses. So I say congrats on the super job that was done. One other trader in the last year found the pattern but did not understand it. He used colors green and red and put them in the order of the pattern. He could not succeed with it since he thought it repeated over and over. It doesn't repeat. It alternates in dominance. He could not see to type his color order in two ways to show the short trend. He could only type the long trend over and over and that is NOT how fractal nesting is built. Look at Covel's reaction to the pattern that Nodoji is using. He called it gibberish and he wrote "Trend Following" as an eight year hazardous journey. Nodoji is out pacing Covel by a compression of 4 to 1 and Covel's head is still empty. The three moves of price are lead by four moves in volume. The additional move in volumne happens when trend overlap ends. The beginning of overlap is the moment when price fails to make it to the LTL. the nondominant period following the fialure takes price to the BO of the RTL on the volume trough. Imagine what it is like to have several nested fractal all interlocked and each is following and completing its pattern. What it is like is being in the market all of the time and on the right side of the market all of the time and taking all of the market's off all of the time. This is where Nodoji has arrived. This is what his breakthrough on his own represents. Move 1: At a volume peak price moves nondominantly from point 1 to the RTL and BO's on a volume trough; price continues to move as volume increases to its new peak. This is point 2 of a trend. One price move complimented by two volume moves (pek to trough and trough to peak). (This is PA terminology is call a reversal) Move 2 At a volume peak price moves non dominantly from point 2 to the RTL where point 3 occurs on the volume trough. (This in PA terminology is called a retrace) Draw the trend lines RTL and LTL. Move 3 At a volume trough price moves dominantly towards the LTL (not drawn in hindsight...lol..) and volume peaks. At the volume peak the price failed to reach the LTL and a new trend begins with both trends overlapping. Wash and rinse for the opposite sentiment ad nauseum. Trading the three moves is done with reversal trades or two market trades by hitting the button twice to get a load of partial each time. Twice is perferred so you do not "show" so much om the T and S. Add the bells and whistles so you "know that you know" all of the time. PA action trades do not "get it" that volume leads price as shown above. The substitute for not watching volume is called risk management, money management, drawdown, sticking to principles and good old discipline, all based on beliefs from wrong decisions on the dichotomous key.
We all agree that your insight came from you too (except fro the broken clock thingy, you got that in fifth grade. Learn from Nodoji; definitely copy his approach and make it your own.
1) Based on some of your past posts, it is highly doubtful you are much of a trader. you chase after worthless stuff. 2) If you had any clue about Jack's ranting line of claims the last few years, you would be a lot less in a hurry to chase after his advice. But your response was quite expected.
didnt read the whole thread, but using correlating markets and seeing if they hold there res and supp along with what your trading ,works well