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    Spydertrader's Jack Hershey Futures Trading Journal

    I don't mean to drag this out, but I've just realised my previous comment was ambiguous: I "knew" it was a short. Is this a dangerous mindset? BTW, Moz's response was uncanny - good job!
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    Spydertrader's Jack Hershey Futures Trading Journal

    Here is what happened. At the time I thought the market can only do one thing next, given the context and sequence.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Take a look at the attached Nikkei chart and tell me what happens next. The final bar shown is complete and is in very dry-up. No Str/Squ. :p (I've not embedded the chart as it could be considered OT.)
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    Spydertrader's Jack Hershey Futures Trading Journal

    ES_FUT_200706_GLOBEX_USD YM_FUT_200706_ECBOT_USD This also works for any IB ticker: SGXNK_FUT_200706_SGX_JPY You should have already allowed for DDE and ActiveX under the Configure-API menu on TWS. I assume you do fill in cell B2 with your userid (the same as the login for TWS) and...
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    Corporate finance book recommendations?

    Principles of Corporate Finance, Brealey & Myers
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    A Proposed Debate: SCT vs. CO

    [/b] Yes! I agree with all of this. Where do you get the idea that Jack says the concepts are new or radical? He cites the original sources repeatedly. Is this conventional wisdom at work? Think for yourself and DYOR. It's not a few bars earlier that is important (although point...
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    What kind of techniques do heavy scalpers use?

    OK. I was just helping out someone who asked a question. Sorry if I offended you in some way.
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    What kind of techniques do heavy scalpers use?

    ES lags YM and INDU. There are a few posts knocking around on this topic. It's controversial.
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    Why do folks reveal Profitable Strategies, are they NUTS?

    Don't tell everyone! It won't work if everyone does that. QED.
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    When IB goes public, say bye bye to low rates

    To answer the OP - I don't think they will be raising commissions as part of their strategy - they are highly profitable already without further gouging being necessary. A quick glance of the red herring answers some of these questions. After their technology I.P., low commissions are one...
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    IPO prospectus - who prepares it?

    Yes, the senior management with the assistance of its investment bankers prepare those sections initially. A lot of the text and rationale will come from existing materials which may already be in the public domain. The prospectus is a marketing document primarily and so falls within the remit...
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    What kind of techniques do heavy scalpers use?

    Jack just so I know if I'm reading the chart correctly, picking a point in the middle of your table at random: On 6 days in 2006 the overlap of EOD bars (relative to day before) was 7 points when the pace was defined as medium (forced curve). Negative overlap = gaps. The table shows that...
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    Quotetracker ver 3.8.4 Charts Not Updating

    Is anyone else experiencing problems with the new version? Webupdate prompted me to download version 3.8.4 and now the charts are not updating. But the portfolio lines are updating OK - so it is reading in raw data from IB. :confused: This version appears to be unsupported at present (I...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I think Spyder is on the road. It's not a stretch to think he is squeezing in some R-R (in Vegas?) before he B back for the next part of the syllabus. P1
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    Why was the "Objections to SCT" thread closed?

    Er, ok Thunderdog, whatever you say!
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    'market worked against me' excuse

    It's very cool to be able to differentiate between continuation and change. Take a look at this link, people have posted charts for the ES and come to a different conclusion to you, using words like "beautiful" rather than "typical trap"...
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    POLL for traders who trade the Jack Hershey method(s) in real time with real money

    Sure, happy to help: For any market, on any time frame, price Continues to progress, up and down, within a sloped channel until market sentiment Changes and price begins to follow a new channel of opposite slope. When the SCT trader sees signs of Change on the time-frame he is monitoring he...
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    Should Hershey hit the highway?

    To Thunderdog and others: Jack obviously has nothing to offer you, so just move on. It's so boring. Demanding proof all the time (when the proof is self-evident when you actually do the work) just makes you look pathetic. Are you this obnoxious to people when you meet them face to...
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    What's the point in using "targets"?

    There is no contradiction in my post. Making an arbitrary amount of money based on a multiple of the first R in the conventional R/R calculation is straying into areas for which we have no responsibility. Pre-determining and capping the Reward is done by people who are not used to profits. I...
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    What's the point in using "targets"?

    Quite. You must let your winners run (and cut your losers promptly). Setting arbitrary targets goes against this maxim and puts you back on the sidelines looking for an entry rather than making money. What makes you feel worse?: 1. Exiting too soon ("Phew! I got away with it!") and...
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