BE DO HAVE and Jack Hershey vs Objective Reality
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What I dont understand is, every trader out there must know that, even if profitable, that they are taking a very very tiny minute piece of the pie. Knowing this, its absurd to me that so many people are so adamently opposed to this method. Like it soooo unreasonable that there is a way to make MORE money than you do already. Even if you make 7-8 figures, which is very very good, you still should know that there is way more out there for the taking.
This is what attracted me to learning this method in the first place, and now 6 months later, I see the market in a much better light and have great context to place trades. It DOES take quite an effort on your part to get to even my level. I wont prentend its easy to learn channel drawing in realtime or intrepreting volume formations on the fly. But those that know there is a lot more offered out there than they currently take, will do whats necessary to see it too. Its that simple. Take it or leave it.
This is what attracted me to learning this method in the first place, and now 6 months later, I see the market in a much better light and have great context to place trades. It DOES take quite an effort on your part to get to even my level. I wont prentend its easy to learn channel drawing in realtime or intrepreting volume formations on the fly. But those that know there is a lot more offered out there than they currently take, will do whats necessary to see it too. Its that simple. Take it or leave it.
Harold, you just started trading didn't you?
Harold,
Of course there is so much more to be taken out of the market , even much more than just 2-3 times the daily range but how close have you and your gang ever come to this figure ?!
Of course when you would start posting live signals that just make 10% of the range, the illusion would be destroyed and that you don't want to happen of course
Of course there is so much more to be taken out of the market , even much more than just 2-3 times the daily range but how close have you and your gang ever come to this figure ?!
Of course when you would start posting live signals that just make 10% of the range, the illusion would be destroyed and that you don't want to happen of course
Like Spyder said, no one will twist your arm to do anything. As a matter of fact, all this banter is a great filter to keep most out. Less of you fools removing the liquidity I need
RWO, been trading S&P for 6+ years, last 4 months I have really taken off thanks in large part to myself for working with the method and also to those that have shown me a new path.
Thats all for me on this thread. If you choose to remain blind, thats your prerogative.
-Harry
RWO, been trading S&P for 6+ years, last 4 months I have really taken off thanks in large part to myself for working with the method and also to those that have shown me a new path.
Thats all for me on this thread. If you choose to remain blind, thats your prerogative.
-Harry
I am really not qualified to do this, but since you are new, I thought I should extend a welcoming hand and save you some trouble in searching the wrong places.
I am not a practitioner of the Jack Hershey Equities Method. I am still reading the journals and trying to learn as far as I can. My aim is to learn enough to start trading in July.
From the journals, you can see the observations, analysis, decisions, and actions unfold as they happen. (warts and all, no holding back.)
Spydertrader's Jack Hershey Equities Journal
http://www.elitetrader.com/vb/showthread.php?s=&threadid=38777
Spydertrader's Jack Hershey Equities Journal II
http://www.elitetrader.com/vb/showthread.php?s=&threadid=56555&perpage=6&pagenumber=1
Spydertrader's Jack Hershey Equities Trading Journal III
http://www.elitetrader.com/vb/showthread.php?threadid=83605
Spydertrader's Jack Hershey Futures Trading Journal
http://www.elitetrader.com/vb/showthread.php?threadid=83604
P.S. Where does Spyder find the time to do all these posts? I don't know, you can often find him in ET Chatroom pounding the keyboard away during market hours. You can go and ask him in real time.
Last week the Bank of Japan raised rates 0.25 to 0.50%
When they did the same thing last year, world markets across the globe sold off. The reason being the unwinding of the carry trade.
Last week when rates were raised, nothing happened. The Japanese Yen even sold off into the news.....
Why would one ask ? The reason was that in this occasion Trichet had already made it clear that regardless of what happened he was raising European rates in March and a day before BOJ's move, Australia and New Zealand made it clear they were preparing to raise rates further. In effect making the BOJ move a non-sequitur as far as the markets could see.
But there was something nobody at the time was expecting. Bad economic numbers in the EU, bad enough to make Trichet, if it hasn't already, doubt in his ability to be raise rates in March.
Reason why I went long US bonds on friday and European bonds monday at 2am EST.
Was this magic, no.
It is the ability to take in consideration all meaningful data and be able to ANTICIPATE what will happen next.
I am still a newb in this business and what I do is a a macro level, what Jack and Spyder do is at a micro level.
Same thing.
Can't for the life of me, not understand why people who have or show to have a high intellectual capability not understand something so simple.
When they did the same thing last year, world markets across the globe sold off. The reason being the unwinding of the carry trade.
Last week when rates were raised, nothing happened. The Japanese Yen even sold off into the news.....
Why would one ask ? The reason was that in this occasion Trichet had already made it clear that regardless of what happened he was raising European rates in March and a day before BOJ's move, Australia and New Zealand made it clear they were preparing to raise rates further. In effect making the BOJ move a non-sequitur as far as the markets could see.
But there was something nobody at the time was expecting. Bad economic numbers in the EU, bad enough to make Trichet, if it hasn't already, doubt in his ability to be raise rates in March.
Reason why I went long US bonds on friday and European bonds monday at 2am EST.
Was this magic, no.
It is the ability to take in consideration all meaningful data and be able to ANTICIPATE what will happen next.
I am still a newb in this business and what I do is a a macro level, what Jack and Spyder do is at a micro level.
Same thing.
Can't for the life of me, not understand why people who have or show to have a high intellectual capability not understand something so simple.
"I am still a newb in this business and what I do is a a macro level, what Jack and Spyder do is at a micro level.
Same thing."
Ok, what exactly do they do at a micor level that corresponds to what you do?
Same thing."
Ok, what exactly do they do at a micor level that corresponds to what you do?