Who is Jack? Is this your mentor? Or a trading system?
Anti-Jack Trading
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Who is Jack? Is this your mentor? Or a trading system?
hypostomus - friggin' hilarious thread!
Spydertrader, to return to civility, I am sure lots of people would be interested to hear how you trade ES. I haven't read your threads because I thought they were totally about swing trading equities, which gives me the willies. Also new folks come to ET every day seeking a path to successful trading, and they may read and heed what you say. Best regards. And P.S., I don't know why such ill-mannered posters invariably are attracted to my threads.
Pumkinhead, it appears that you do not know Jack. Jack is Jack Hershey, aka here as Grob109, the most renowned trader of ES intraday on ET. His method offers a path to making 3X the daily range day in and day out. If you want to learn more, search on Seamless Continuous Trading or Jack Hershey. Others may be motivated to point you exactly where to go.
Jack believes that he has quantified the relationship between price and volume and their migration in all trading regimes. The only downside to reading threads about his method is that his followers suffer from acute paranoia that they are being stalked and harrassed by a mysterious cabal they call the B-Team. I personally, however, in the best parliamentary sense, consider myself to be loyal oppostion. Hence I started this thread to offer rebuttal and the opportunity for rational debate to those who considered themselves oppressed.
Jorge, you have a warped sense of humor. To understand better why this thread is NOT hilarious, please come trade NQ with me Monday. What happens THERE is hilarious.
Jack believes that he has quantified the relationship between price and volume and their migration in all trading regimes. The only downside to reading threads about his method is that his followers suffer from acute paranoia that they are being stalked and harrassed by a mysterious cabal they call the B-Team. I personally, however, in the best parliamentary sense, consider myself to be loyal oppostion. Hence I started this thread to offer rebuttal and the opportunity for rational debate to those who considered themselves oppressed.
Jorge, you have a warped sense of humor. To understand better why this thread is NOT hilarious, please come trade NQ with me Monday. What happens THERE is hilarious.
ET, I am the leading advocate and eponymous trader here of NQ. As such I must agree with Steve46 that the posters here are mostly retail, and definitely are in the class of "paper". In the main it appears that they are a shiftless lot, impulsive in their entries and anxious in their exits. I would venture to say that they are losers, and that they lose the worst during the typical mid-session congestions and consolidations. When I mentor traders new to NQ, I give them a valuable volume tool to determine when to even think about trading, and when not to. Out of pity for these morons, I will share it here, knowing full well that they will ignore it, or worse, deride it as worthless or even dangerous.
For NQ in one minute, I set an alpha filter on volume with an alpha of 0.1. I test the filtered value against a threshold of 350 contracts per minute, and don't trade if the filtered volume falls below that value. Is this sometimes overconservative? Yes, but on most days it keeps me out of trouble and helps me avoid the temptation to trade what Jack calls "slaloms". IMO these formations are best seen in hindsight and are notoriously difficult to detect in time to make money off of them. A secondary benefit is that the timing is usually such that the proscription occurs when I want to be napping. All the best, N.Q.
For NQ in one minute, I set an alpha filter on volume with an alpha of 0.1. I test the filtered value against a threshold of 350 contracts per minute, and don't trade if the filtered volume falls below that value. Is this sometimes overconservative? Yes, but on most days it keeps me out of trouble and helps me avoid the temptation to trade what Jack calls "slaloms". IMO these formations are best seen in hindsight and are notoriously difficult to detect in time to make money off of them. A secondary benefit is that the timing is usually such that the proscription occurs when I want to be napping. All the best, N.Q.
I am the principal Argentinian market maker in futures on llamingo skins, primarily adobe colored. But occasionally I dabble in NQ for a busman's holiday. I disagree vehemently with the idea of staying out of the markets during low volume trading. Some of the best sustained price breakouts occur then. These are one of Jack's jack-in-trades, as it were, and in the past, before you assholes (does not rhyme with frijoles) ran him off, he selflessly shared with the world easily testable BO trade rules. You are so big on testing, go test it, assjoles!
I post when I'm waiting for my computer to finish a job and I'm usually also doing something else like listening to the radio, etc. I don't think it's a waste because I've seen Jack suck in newbies since the late 90s on Usenet and feel it's important to provide an alternate point of view. A word to the wise is sufficient, so if someone reads the B Team view and still decides to devote a year or more to studying the "P,V Boolean relation," then they deserve what they get. I'd also like to take on Jack and anyone else from the dream team who will play in a real-time public trading contest. Then maybe credibility might be correlated with trading skill, as opposed to who's the best Svengali.Quote from tradingbug:
KEEP IT UP 666 and HYPO. DONT STOP YOUR BULLSHITTING.
After every post you write in this thread.....sit back.... relax.......and realize how much wasted energy you are putting into this. Isnt it great how much time you can never get back. NEVER..The really sad thing is that this is the best you can do with your free time as you probably have no wife, friends or in 666's case a husband.
You guys are a bunch of losers and I LOVE watching you guys waste your life away on this stuff. I LOVE IT!!!!!! KEEP WASTING AWAY.....YOU WILL WITHER SOON ENOUGH. I have an inkliing as to where 666 may end up after he withers away also..
OH... and you will never get Jacks stuff so keep wasting your life away TRYING to figure it out......extreme entertainment for others.
P.S. You obviously feel this is BS yet you're reading it so YOU'RE the one who's really wasting their life.
I beg to differ with you, my esteemed B Team colleague. Assuming Spydey's Journal is reality-based, I believe he's developed a feel for the markets and uses discretion to separate the wheat from the chaff, despite using Grobian screens as a starting point. I also have a theory that Jack deliberately speaks in riddles, not only for mystique but also hoping that someone will take the mush and run with it and discover something that does actually work.
666, thanks for your contribution. I encourage you to engage Spydertrader in a cogently rational and polite debate here. Perhaps that will set an example for future intercourse between the A-Team and the B-Team.
Regarding Jack's stuff working, off course it does! Half the time.
Regarding Jack's ability to learn from the B-Team, his latest publications from Pied Piper Press still mis-spell Johari. And still espouse the same flawed PV relations. But to give him his due, he did discover the spell checking functionality in Word. He needs to add Johari to his custom dick, though.
Regarding Jack's stuff working, off course it does! Half the time.
Regarding Jack's ability to learn from the B-Team, his latest publications from Pied Piper Press still mis-spell Johari. And still espouse the same flawed PV relations. But to give him his due, he did discover the spell checking functionality in Word. He needs to add Johari to his custom dick, though.
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