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I have tried to use xnviewer again saving with more colors. I hope everyone can see my graphs without a hitch. 9:45--At synch, Although the fast line had diverged out of the 80 line. i thought we were still entering a long rocket. I decided to enter on the next 1 min xover which occured at...

Thnx dgabriel. Appreciate anything that keeps jack on board. This is going to be a lot of fun and will be a great summer for learning. I was also wondering if someone could stear me in the right direction on posting my charts. I just looked at what i have been recently posting.....and the...

Becasue earlier i missed the double bottom and we had 2 failed rockets this morning, i was more inclined to think that their would be a failed rocket long and double top @ 2. I therefore exited my long and shorted around the high around 2:06 and covered at 3:02 when it broke my trend channels...

In retrospect, it looks as if after the vdu BO down, i should have waited to see how price would react at the low of the day. We already had 1 failed rocket and too me it seems that more often 1 failed rocket leads to another in this market. A rangy day. It ended up creating a double bottom at...

Hopefully, i will be consisitently posting my am trades during lunch. I hope that everyone can learn and we can move to the next plateau together. I am friends with cresciendo(bad spelling) and we are working together to learn this stuff. I trade off the 5 but use the 1 min to anticipate. I...

I am starting a thread so that everyone may see my progress in trying to learn jacks strategy. Today i only took one rocket trade short. The initial short occured on the 1 min macd x over. I covered because the stoch broke the the 20 line and price broke the second point 3 channel. The rest of...

The point of having a true channel is for the price to traverse it. We want to get the whole trend in the bank. A signal that the trend is ending is when price fails to make it to the other side(upper channel if long) and volume pooping out. If the price fails to reach the upper channel, and...

I know these questions were geared towards vorzo, but i thought i could maybe help. You take the rocket signal and enter your trade, it can either turn into a wash or rocket. if it is a rocket, the stoch will entwine inside the 80 , 20 tape. if the fast stoch touches the 80 or 20 line on the 5...

Stucky, I am a recent University of Pennsylvania grad and had the same problem with BB banks as you do. I had an offer from lehman brothers(i-banking), FNYS, and heartland. I chose to go prop for the same reasons you did. I have been prop trading for a year now at heartland securities and...

Welcome back Jack, I am glad you had a great trip. I am looking so forward to what lies ahead. Right now, learning from the hard way, i have also realized that reversing on failed rockets(divergence with no entwining) is a great way to take more money out of the market. I have only...

What does any "order type mean"? thanks in advance. j

Jack, i am confused about the difference between a stall and hitch, and what is the difference in the sequence following a stall and hitch. From what i understand, a stall is a bunch of volume bars with the same length place next to eachother with the next following volume greater than the stall...

The truth is that i have learned a lot from jack. If that makes me a groupie, so be it. English is not my first language and it does take time to totally grasp what he is saying. but my P&L has been increasing, so i feel it is worth the effort to understand his lingo. j

Just looking forward to AFTER labor day. On friday morning, i entered on the 1 min as the rocket appeared, and once it was not a wash, sat back on the 5 min until the fast line touched the 80. As this happened i went back to the 1 min to watch what was going on. i exited as the 1 min...

I think we might have a rezoom starting at 11:45. It was a reversal failure and the 5 min stochastics bounced of the 50% line. jc

I thought that I would share in hope of sparking interest in this thread again. In terms of optimization, i find that we enter our normal rockets which should be long when 5Mav is above 30Mav and short when 5Mav is below the 30. Before when we had a rocket we would build our channels on the 5...

Jack, You mentioned in an earlier post to use RSI, MAV 5, and MAV 30 to help determine "change". What settings does one use for RSI? I googled RSI and found that the common settings are 11, 14, and 24. Thanks. jc

What i have tried to do was to really get to know what a rocket pattern looks like on the 5M and 1M fractals. You probably know what a rocket pattern for the 5M looks like because Jack goes in depth with it. Try to see what the 1M pattern looks like when the 5M shows a rocket. There are a few...

I should have been more specific. I meant the bell curve for Jack's system. I am glad that you are making great money. It is probably well deserved. I just thought calling Jack Hershey's efforts as a "comical relief" to be totally wrong and found his efforts to be very rewarding to those who...

In defense of Jack Hershey of which he doesn't need or care about. I am a prop trader who's primary strategy was scalping nasdaq stocks. I was averaging about $1000 a day. I have recently applied Jacks methods to trading the spys. After 2 (long, arduous, and with 100 share lot) months of using...