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    Software Used to Trade Jack Hershey Methods

    Quotetracker now allows you to paint the bar background. So far I can only think of using this for inside bars to give a "shadow" effect. Can anyone think of other uses? re. bi9foot's paintbars: I actually paint bars that go lower/higher but close at the other end (beyond the open) green...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    See attached. Nice sequences. Note how rockets can start from the left trend line. Note also the 12:10 FTT / outside bar which was, I guess, the smart money trying to be discreet. (Don't know how to number the bars in QTracker.) :)
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    See attached. S4 - I really wanted to hold here, but went with the fast stoch crossover (cost = 25 pts x 2), reversing long early on the next bar. Other than that, the indicators helped me stay with the pm trend. For the exit, I like to be flat before 2pm and I took the FTT. +115...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Thanks for the comments. Could you elaborate more on the intrabar decisions and getting in on the right end of the bar? (For the ES, the YM is enormously helpful. Unfortunately other markets do not have an equivalent helper.) I'll summarise Jack's comments on my chart: 1. Annotate P...
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    Iterative Refinement

    You're welcome. Turn off the sim / order entry platform and P&L and annotate, annotate, annotate until your eyes bleed. I've discovered a Belgian pub near me, it's quite a find...9% beers brewed by mad monks.
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    Iterative Refinement

    Hey guava I'm sure you're a great guy and everything and we'd get along fine over a beer, but your trading persona sucks! You are setting yourself up for failure. Stop. Regroup. Go back over the material from last year properly. Breathe. Iterative refinement? Doing the same thing...
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    How to Learn Price Action

    Start annotating your price charts with channels (3-point channels) and learn the correlation of price movement in the channels with volume. Do this for 50 days straight. You will learn how price moves and what to anticipate next. What are you looking for? The overlap of channels.
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    Iterative Refinement

    Which is exactly why I covered my short while it was still positive and then deleted my wrong channel when the R2R didn't come and correctly anticipated one more surge to the real FTT. :D If what must come next doesn't... It seems like it was an "M" day after all, but I didn't see volume...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Annotated chart of Nikkei attached, too wide to paste in the thread. Following the rules (except for a confused 20 minutes around midday*) I had a series of washes before the final trade S13 made the day +50 overall. [* Having exited when stoch left 80 band intrabar, I wanted to re-enter...
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    A fair value question

    Shareholders as at 5 March get the March divi also (63.5 cents).
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    The vertical lines are hand placed for now, but you see they line up with the paintbar band at the top of the chart, based on the stoch values. On the MACD I have paintbars to hi-light crosses above and below zero (turns), and also crossovers of the zero line (sentiment change). On the Stoch...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    0.4 for an index value of 5000? re. the superposition - I was talking about the dimensional analysis - price has different units to volume and A/D yet we add their respective cycles together.
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    A better outcome on the DAX: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1787170]Dax110208[/url]> 49 pts in 3 hours, 9 actions marked, 2 losers, 3 winners. Stopped for dinner.
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Attached is my annotated chart for the SPI session today. Note the low volume - this is normal, but over lunch it got into very dry up so best to sideline and await the 5,2,3 signal (my L8 trade). Times are Singapore add 3hrs for Sydney. I waited until bar close for reversals except for R3 -...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    The two sets of harmonics slides I put on the forum last year were also designed to stimulate discussion. I thought it was a rather good effort on my part. Unfortunately it may have given the impression that I understood all about harmonics when in fact I was merely presenting what had already...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    lj - I went back and re-read the discussion Spyder and I had on harmonics last year in his thread. I've nothing to add to the conclusions we came to there i.e it is interesting and comforting to know how and why price moves but to make money it is sufficient to focus on what price is doing.
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Neutral. lj: The mathematical effort was the explosion in derivatives and more recently credit derivatives, which make nice fees for the originator but have the habit of becoming illiquid when you most need them. Pool extraction is the humble, low-tech alternative and it will always be there.
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Yes - good for you. The Stoch (5,2,3) is a proxy for A/D. I therefore don't see the harm in keeping that indicator to complete the P, V, A/D analysis. What's more, Jack has often pointed out that the 50 crossover in low volume conditions is a good heads-up of an imminent volume break out...
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    Jack Hershey – MACD and Stochastics helpers for 123 and FTT's

    Make sure someone is up in the crow's nest to watch out for those icebergs. :cool:
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