Duref Mudgins Invites Jack Hershey to Reminisce
- Thread starter Duref Mudgins
- Start date
- Status
Let's try reading for comprehension:
- the intent of your questions is sinister
- you have no interest in finding clarity in what you claim to be problem areas
- your rhetorical coercion attempt is quite transparent
- leave the non-rational persuasion to the linguistikally trained monkey Al, the MPD carrier.
Hey, them's some pretty dirty words there fella!
LMAO, where's the popcorn?
:eek: 
Trader666, Trashbag28
To those of us who make a living in this business, it looks like you folks are basically panhandlers...not much different from an indigent drunk who stands on a street corner begging for money and hassling people as they walk by.
I tried some of Jack's methods, and found that they work just fine. I prefer my own method, because it suits my temperment. I continue to use it and because it makes money for me, I couldnt care less what others think about it...
In my opinion (and plenty of others here feel the same way) if you can't understand what Jack is saying, or you object to what he claims to do, then fuck off, and find your own way to make money. Clearly you assholes think you're smarter than Jack....If thats the case...it should be simple for you rocket scientists to create a superior system... and of course you will want to show us all how wrong we were by posting real time calls....
Ball is in your court, you friggin idiots.
kiss kiss
To those of us who make a living in this business, it looks like you folks are basically panhandlers...not much different from an indigent drunk who stands on a street corner begging for money and hassling people as they walk by.
I tried some of Jack's methods, and found that they work just fine. I prefer my own method, because it suits my temperment. I continue to use it and because it makes money for me, I couldnt care less what others think about it...
In my opinion (and plenty of others here feel the same way) if you can't understand what Jack is saying, or you object to what he claims to do, then fuck off, and find your own way to make money. Clearly you assholes think you're smarter than Jack....If thats the case...it should be simple for you rocket scientists to create a superior system... and of course you will want to show us all how wrong we were by posting real time calls....
Ball is in your court, you friggin idiots.
kiss kiss
--------------------------------------------------------------------------------
Quote from slacker:
Here is a small problem that I see with your reply. I will address one at a time...
1. 'only if you want to trade all traverses'
How do you know before the trade if you 'want' to trade that particular traverse? Did you 'want' to trade all of the traverses yesterday for example?
Thank you again
--------------------------------------------------------------------------------
Traverses: dominant vs. non-dominant. One follows the other. Non-dominant traverses often present themselves in the form of lateral movement. DOM, OTR and STR/SQU are the tools. If using ES and YM one's better off sitting it out. Do you want to trade traverse that is moving sideways if you can't use DOM, OTR and STR/SQU? There's plenty of material that discusses all these concepts here on ET.
Thank you, now we are cooking with steam!!!
So if one trades all of the traverses, they are always in the market and will make 3 * H-L range net for the day. Or, should they avoid taking all of the traverses and only take the 'good' traverses that they 'want' to take?
Can you always be in the market and still only trade the 'good' traverses? This may be the key!!!
Have you ever seen anyone stay always in the market the way you describe and then net 3 * H-L?
Thank you again.
slacker (green0 is asking a few Q's. and he is getting some answers topic by topic (blue) so he (slacker) bears down on the deeper concern of pool extrating the offer in the terminology of a multiple of the offer.
The three levels of annotating and doing MADA and learning haves names of forest, tree and branch.
A business plan is where the Excel Spread sheet goes and it is segmented by rows according to the skill segemnts of the process.
At first the plan only shows 1 contract for the time the learning trader is using his original capital. Ordinarily at this level 4 to 7 trades a day are done on the forest level.
This sheet started at 5 contracts and 10,000 dollars of margin.
And the focus of the Q's (green) is on the level of trees where traverses are the focal point of acquiring skills.
The intial capital is removed after the intial capital is doubled using 1 contract.
the remaining profits are still traded with only 1 contract until the capital is again doubled.
Then as time passes and learning occurs two things happen: more contracts are added as the right is earned by sufficient margin from profits and the skill level afforts the person the right to trade traverses. This means that the number of trades per day advances to up to 15 and there are approvimately 3 tree trades per forest segment (leg).
Sitting at 5 then 10 contracts for about 20 days each is a good idea because the trader gets to experience making money over the normal range of variation of trading days.
Lets look at slacker's experience and levels of knowledge and skills as he has stated them to us.
Slacker does not yet recognize how different types of trading days affect how profit taking segments work. Jem does just for contrast and so do the active contributors that are answering Q's.
By looking at several characterisitics of markets a person can see more or less when it is a good idea to execute trades during that day. More later.
slacker is also not familiar the relationship of information in the present and the information available in the near future that is coming into the present. These sets of information have been mentions but ignored by slacker. They do not get steam up for hi8m as yet.
what would it be like for jem to use the sweeps chart? well, it would move him from NOW (the present) to a place in the near term future where the branch aspect of trading 20 to 40 times a day. He does entry exit at a rate of 40 to 50 times a day or he did in the past and is now settling back to a better gross to net ratio of profits. All of this that jem has experienced is foreign to slacker.
"slow" days in CW trading are the most likely reversal days for traders. Fast days are usually "trending days for CW traders and there is no reversing done. This is forest level talk. the blue response centers on days between fast and slow, i. e., those days when non dominant traverses are more likely to be descretionary and often held through.
I posted three charts about the times of days and the related money velocity. These are charts (one is excel) that go in the trading plan and not the business plan.
slacker is business plan oriented primarily and he dips into the H-L of days to think about daily yield curves. A set of daily yield curves goes in the trading plan to express the shifts from one level of trading expertese to another. The status of these different yields is stuffed into the segmented rows of the Excel spread sheet to show how the column coefficients are adjusted within each skill based segment of the rows.
We see to get to the branch level from the forest level that the trading frequency shifts. Naturally, it shifts again as the branch level comes into play.
Within the tree level, at 15 trades a day there is a skill shift at one period that simply leads to an additional 15 points a day as a consequence of picking up one or two ticks at the end of each profit taking. There is no frequency increase but there is a stage of effectivenss increase that applies. Almost any trading methodcan adopt such an effectivenss increase.
So now we can take a look at the spread sheet and add a few details here and there. I think it is wise to use a points per day series of columns instead of just one. By looking at a column for each type of trade you get to see better how the increase of skills and trading frequency affects the business plan bottom line.
Those daily added 15 points from tree level effectiveness become more and more important as contracts are added.
There are forest trades only at the beginning. Then tree trades (traverses) enter the picture. Expert trading brings in the branch trading where these tapes (three per traverse) show up in a separate column. Some columns make less of a contribution as other columns begin to come into play.
Here is where it is found out how the H-L multiples come into being. 1 times the multiple is a shu-in it seems. by the time the traverses are traded the spad sheet goes past 2 times quite easily. Maybe by page 60 we will have a business plan coming inot being. I am going for 12 parts and the P&L will be in part 6.
As slacker says: Is this just playing with an excel sprad sheet in a business plan? The future projections are just playing and the past parts are the track record.
For me I liked running the allenhobbs one for those 5 weeks. I added columns as more info was provided and when it fially was screwed up by breaching the strategy it when into the ground because of stresses like fear, anxiety and anger.
How to build the the trading plan is even more important. Seeing how adding skills in the M to shift the trader from NOW to the near term future and have "anticipation" is the KEY skill that slacker says he doesn't have but is the one that turns up the steam for him. This is a puzzle for him because, as yet, he hasn't seen the markets.
As of now the Excel spread sheet took off the table whether or not making money is possible. The money is there to be made. skill is required and it comes from the unconscious to the concious if the mind is being fed a data stream. Slacker will have to modify his display at some point to begin to see the markets.
Quote from slacker:
Here is a small problem that I see with your reply. I will address one at a time...
1. 'only if you want to trade all traverses'
How do you know before the trade if you 'want' to trade that particular traverse? Did you 'want' to trade all of the traverses yesterday for example?
Thank you again
--------------------------------------------------------------------------------
Traverses: dominant vs. non-dominant. One follows the other. Non-dominant traverses often present themselves in the form of lateral movement. DOM, OTR and STR/SQU are the tools. If using ES and YM one's better off sitting it out. Do you want to trade traverse that is moving sideways if you can't use DOM, OTR and STR/SQU? There's plenty of material that discusses all these concepts here on ET.
Thank you, now we are cooking with steam!!!
So if one trades all of the traverses, they are always in the market and will make 3 * H-L range net for the day. Or, should they avoid taking all of the traverses and only take the 'good' traverses that they 'want' to take?
Can you always be in the market and still only trade the 'good' traverses? This may be the key!!!
Have you ever seen anyone stay always in the market the way you describe and then net 3 * H-L?
Thank you again.
slacker (green0 is asking a few Q's. and he is getting some answers topic by topic (blue) so he (slacker) bears down on the deeper concern of pool extrating the offer in the terminology of a multiple of the offer.
The three levels of annotating and doing MADA and learning haves names of forest, tree and branch.
A business plan is where the Excel Spread sheet goes and it is segmented by rows according to the skill segemnts of the process.
At first the plan only shows 1 contract for the time the learning trader is using his original capital. Ordinarily at this level 4 to 7 trades a day are done on the forest level.
This sheet started at 5 contracts and 10,000 dollars of margin.
And the focus of the Q's (green) is on the level of trees where traverses are the focal point of acquiring skills.
The intial capital is removed after the intial capital is doubled using 1 contract.
the remaining profits are still traded with only 1 contract until the capital is again doubled.
Then as time passes and learning occurs two things happen: more contracts are added as the right is earned by sufficient margin from profits and the skill level afforts the person the right to trade traverses. This means that the number of trades per day advances to up to 15 and there are approvimately 3 tree trades per forest segment (leg).
Sitting at 5 then 10 contracts for about 20 days each is a good idea because the trader gets to experience making money over the normal range of variation of trading days.
Lets look at slacker's experience and levels of knowledge and skills as he has stated them to us.
Slacker does not yet recognize how different types of trading days affect how profit taking segments work. Jem does just for contrast and so do the active contributors that are answering Q's.
By looking at several characterisitics of markets a person can see more or less when it is a good idea to execute trades during that day. More later.
slacker is also not familiar the relationship of information in the present and the information available in the near future that is coming into the present. These sets of information have been mentions but ignored by slacker. They do not get steam up for hi8m as yet.
what would it be like for jem to use the sweeps chart? well, it would move him from NOW (the present) to a place in the near term future where the branch aspect of trading 20 to 40 times a day. He does entry exit at a rate of 40 to 50 times a day or he did in the past and is now settling back to a better gross to net ratio of profits. All of this that jem has experienced is foreign to slacker.
"slow" days in CW trading are the most likely reversal days for traders. Fast days are usually "trending days for CW traders and there is no reversing done. This is forest level talk. the blue response centers on days between fast and slow, i. e., those days when non dominant traverses are more likely to be descretionary and often held through.
I posted three charts about the times of days and the related money velocity. These are charts (one is excel) that go in the trading plan and not the business plan.
slacker is business plan oriented primarily and he dips into the H-L of days to think about daily yield curves. A set of daily yield curves goes in the trading plan to express the shifts from one level of trading expertese to another. The status of these different yields is stuffed into the segmented rows of the Excel spread sheet to show how the column coefficients are adjusted within each skill based segment of the rows.
We see to get to the branch level from the forest level that the trading frequency shifts. Naturally, it shifts again as the branch level comes into play.
Within the tree level, at 15 trades a day there is a skill shift at one period that simply leads to an additional 15 points a day as a consequence of picking up one or two ticks at the end of each profit taking. There is no frequency increase but there is a stage of effectivenss increase that applies. Almost any trading methodcan adopt such an effectivenss increase.
So now we can take a look at the spread sheet and add a few details here and there. I think it is wise to use a points per day series of columns instead of just one. By looking at a column for each type of trade you get to see better how the increase of skills and trading frequency affects the business plan bottom line.
Those daily added 15 points from tree level effectiveness become more and more important as contracts are added.
There are forest trades only at the beginning. Then tree trades (traverses) enter the picture. Expert trading brings in the branch trading where these tapes (three per traverse) show up in a separate column. Some columns make less of a contribution as other columns begin to come into play.
Here is where it is found out how the H-L multiples come into being. 1 times the multiple is a shu-in it seems. by the time the traverses are traded the spad sheet goes past 2 times quite easily. Maybe by page 60 we will have a business plan coming inot being. I am going for 12 parts and the P&L will be in part 6.
As slacker says: Is this just playing with an excel sprad sheet in a business plan? The future projections are just playing and the past parts are the track record.
For me I liked running the allenhobbs one for those 5 weeks. I added columns as more info was provided and when it fially was screwed up by breaching the strategy it when into the ground because of stresses like fear, anxiety and anger.
How to build the the trading plan is even more important. Seeing how adding skills in the M to shift the trader from NOW to the near term future and have "anticipation" is the KEY skill that slacker says he doesn't have but is the one that turns up the steam for him. This is a puzzle for him because, as yet, he hasn't seen the markets.
As of now the Excel spread sheet took off the table whether or not making money is possible. The money is there to be made. skill is required and it comes from the unconscious to the concious if the mind is being fed a data stream. Slacker will have to modify his display at some point to begin to see the markets.
continued....
--------------------------------------------------------------------------------
Quote from slacker:
Here is a small problem that I see with your reply. I will address one at a time...
1. 'only if you want to trade all traverses'
How do you know before the trade if you 'want' to trade that particular traverse? Did you 'want' to trade all of the traverses yesterday for example?
Thank you again
--------------------------------------------------------------------------------
Traverses: dominant vs. non-dominant. One follows the other. Non-dominant traverses often present themselves in the form of lateral movement. DOM, OTR and STR/SQU are the tools. If using ES and YM one's better off sitting it out. Do you want to trade traverse that is moving sideways if you can't use DOM, OTR and STR/SQU? There's plenty of material that discusses all these concepts here on ET.
Thank you, now we are cooking with steam!!!
So if one trades all of the traverses, they are always in the market and will make 3 * H-L range net for the day. Or, should they avoid taking all of the traverses and only take the 'good' traverses that they 'want' to take?
Can you always be in the market and still only trade the 'good' traverses? This may be the key!!!
Have you ever seen anyone stay always in the market the way you describe and then net 3 * H-L?
Thank you again.
Same three part prologue above.
Lets use the sweeps chart as an expert would and be trading the branch level at 20 to 40 trades a day.
the lower tables of the 9 tables show the branch level trading of the tapes within the traverses. Taverses were asked about about and there was more or less an inquiry on a descretionary level of trading. This was mostly gleened by slacker from an adjective here or there.
as skill increases there is little qualification of trades. trades are serial and there is only one going on at atime most of the time.
Always being in the market you focus on upgrading your effectiveness and efficiency. By watching the future move into the present you see a funnel whereby alternatives are gradually extinguished until only one remains at a time just before the present and in the very near term future.
So certainty is arriving in the very near future and you just use the Present to maximize your performance.
Most of the time, you are doing MADA and getting a result that is HOLD. HOLD is an action that has no overt behavioral aspects. hold brings closure to MADA and another MADA is begun.
Lets take up the cases where you have been getting a series of change data elements in your data set and your D of MADA is telling you to HOLD under the conditions of change.
If a person had a DOM display it would be showing a wall that was probably close to the BBid or BAsk. the data in DOM for the sum of bids and the sum of asks might be gradually coming into equality from an imbalance favoring Continue MODE which formerly led to HOLD.
This condition drives the sweeping to be considering the OTR. There is a lot of WMCN conclusion drawing and a lot of sequences that are second nature are stepping through their normal cycles.
There is no question of whether the traverse is "good". Lets say we are in the second tape (branch) of the traverse. It is counter to the traverse and the dom or non dom of the traverse has been apparent for the first tape, this tape and it will remain the same for the last tape. We are only making a point or so in the context of a giveen time of the day and we just want to look at the five pattern aspet of the OTR as the DOM wall gets closer to being at the point of the rurn.
Business as usual.
You click off the entries of the M of MADA onto the first 13 columns of the log by using imprinted symbols of choice in each column. Some of the rows could have columns filled in well in advance as if you were working to fill in digits in a sudoku. X goes in the MODE column. you scribble a remark that simply says by content you "know you know". relaxing moment and you scribe H in the D column and no more to the right where, on the log chips are stacked. you do glance to see how long it is between pulling some chips out....almost time again.
This anticipatory type cycle happens over and over in the day and at somepoint the sendiment of the tape rolls over within the X's of the MODE rows and you carve the turn by using the platform which was all set up ahead or all you did was trigger in a rectangle so familiar.
This is way past "good" traverses; it is trading within traverses on tapes and internals. It is built as an anti whipsaw (I will get to you soon) modus built into it by the anticipation and going to a non time oriented set of indicators (part of the 13 columns of M of MADA.)
How does a person come to sit in this seat and do expert trading taking a lot of multiples out of the market?
Have a display.
Drills
Annotation.
MADA
A big account made up of only profits.
M A D A is a routine very unlike the betting and risk oriented routine of OODA in CW. There is no fighter pilot syndrome. thee is no competition. There is no fear, anxiety or anger...
Right in the middle of MADA over and over all day long is "knowing that you know"
If i am in a trading room on the 10th floor of the MERQ, I can walk over to the screen and place my finger on a place in time and price and say by this point I will have you back to even again if you follow what I say. Then it happens. He may be down for the year with a guy in low eight digits, but if he wants to he can just begin at the moment and work out of that by trading as I suggest. It is hard to change after 30 years but it could be possible if the person allowed it.
Slacker is not going to allow this to happen for him. He is on a quest of some sort to prove that what the market is offering cannot be taken by traders and in particular SCT traders. There are many here who know otherwise simply because they are doing it on a business plan and a trading plan.
a day goes by.....more days go by........
all of the days are going to go by for most people like slacker.
Its summer now; we are on the third leg and it goes for quite a while.....
Read a joke book ..... read The Predictors........notice on page 197 these PhD's learn what bid/ask means.... it is laugh 29 of the major 32 laughs in the book. why didn't Bass catch this sooner as he outlined the book , interviewed for the book and wrote the book?
On page 111 it is stated what they knew about Buffett and the fact that he said he owed it all to Dodd and Graham (those names ARE on page 111). Why didn't Bass see that these guys could never understand Dodd and Graham????? I ask you?????
Get two price bars and rub them together for a while.......notice that they are attached to a volume bar, each......lol.....
--------------------------------------------------------------------------------
Quote from slacker:
Here is a small problem that I see with your reply. I will address one at a time...
1. 'only if you want to trade all traverses'
How do you know before the trade if you 'want' to trade that particular traverse? Did you 'want' to trade all of the traverses yesterday for example?
Thank you again
--------------------------------------------------------------------------------
Traverses: dominant vs. non-dominant. One follows the other. Non-dominant traverses often present themselves in the form of lateral movement. DOM, OTR and STR/SQU are the tools. If using ES and YM one's better off sitting it out. Do you want to trade traverse that is moving sideways if you can't use DOM, OTR and STR/SQU? There's plenty of material that discusses all these concepts here on ET.
Thank you, now we are cooking with steam!!!
So if one trades all of the traverses, they are always in the market and will make 3 * H-L range net for the day. Or, should they avoid taking all of the traverses and only take the 'good' traverses that they 'want' to take?
Can you always be in the market and still only trade the 'good' traverses? This may be the key!!!
Have you ever seen anyone stay always in the market the way you describe and then net 3 * H-L?
Thank you again.
Same three part prologue above.
Lets use the sweeps chart as an expert would and be trading the branch level at 20 to 40 trades a day.
the lower tables of the 9 tables show the branch level trading of the tapes within the traverses. Taverses were asked about about and there was more or less an inquiry on a descretionary level of trading. This was mostly gleened by slacker from an adjective here or there.
as skill increases there is little qualification of trades. trades are serial and there is only one going on at atime most of the time.
Always being in the market you focus on upgrading your effectiveness and efficiency. By watching the future move into the present you see a funnel whereby alternatives are gradually extinguished until only one remains at a time just before the present and in the very near term future.
So certainty is arriving in the very near future and you just use the Present to maximize your performance.
Most of the time, you are doing MADA and getting a result that is HOLD. HOLD is an action that has no overt behavioral aspects. hold brings closure to MADA and another MADA is begun.
Lets take up the cases where you have been getting a series of change data elements in your data set and your D of MADA is telling you to HOLD under the conditions of change.
If a person had a DOM display it would be showing a wall that was probably close to the BBid or BAsk. the data in DOM for the sum of bids and the sum of asks might be gradually coming into equality from an imbalance favoring Continue MODE which formerly led to HOLD.
This condition drives the sweeping to be considering the OTR. There is a lot of WMCN conclusion drawing and a lot of sequences that are second nature are stepping through their normal cycles.
There is no question of whether the traverse is "good". Lets say we are in the second tape (branch) of the traverse. It is counter to the traverse and the dom or non dom of the traverse has been apparent for the first tape, this tape and it will remain the same for the last tape. We are only making a point or so in the context of a giveen time of the day and we just want to look at the five pattern aspet of the OTR as the DOM wall gets closer to being at the point of the rurn.
Business as usual.
You click off the entries of the M of MADA onto the first 13 columns of the log by using imprinted symbols of choice in each column. Some of the rows could have columns filled in well in advance as if you were working to fill in digits in a sudoku. X goes in the MODE column. you scribble a remark that simply says by content you "know you know". relaxing moment and you scribe H in the D column and no more to the right where, on the log chips are stacked. you do glance to see how long it is between pulling some chips out....almost time again.
This anticipatory type cycle happens over and over in the day and at somepoint the sendiment of the tape rolls over within the X's of the MODE rows and you carve the turn by using the platform which was all set up ahead or all you did was trigger in a rectangle so familiar.
This is way past "good" traverses; it is trading within traverses on tapes and internals. It is built as an anti whipsaw (I will get to you soon) modus built into it by the anticipation and going to a non time oriented set of indicators (part of the 13 columns of M of MADA.)
How does a person come to sit in this seat and do expert trading taking a lot of multiples out of the market?
Have a display.
Drills
Annotation.
MADA
A big account made up of only profits.
M A D A is a routine very unlike the betting and risk oriented routine of OODA in CW. There is no fighter pilot syndrome. thee is no competition. There is no fear, anxiety or anger...
Right in the middle of MADA over and over all day long is "knowing that you know"
If i am in a trading room on the 10th floor of the MERQ, I can walk over to the screen and place my finger on a place in time and price and say by this point I will have you back to even again if you follow what I say. Then it happens. He may be down for the year with a guy in low eight digits, but if he wants to he can just begin at the moment and work out of that by trading as I suggest. It is hard to change after 30 years but it could be possible if the person allowed it.
Slacker is not going to allow this to happen for him. He is on a quest of some sort to prove that what the market is offering cannot be taken by traders and in particular SCT traders. There are many here who know otherwise simply because they are doing it on a business plan and a trading plan.
a day goes by.....more days go by........
all of the days are going to go by for most people like slacker.
Its summer now; we are on the third leg and it goes for quite a while.....
Read a joke book ..... read The Predictors........notice on page 197 these PhD's learn what bid/ask means.... it is laugh 29 of the major 32 laughs in the book. why didn't Bass catch this sooner as he outlined the book , interviewed for the book and wrote the book?
On page 111 it is stated what they knew about Buffett and the fact that he said he owed it all to Dodd and Graham (those names ARE on page 111). Why didn't Bass see that these guys could never understand Dodd and Graham????? I ask you?????
Get two price bars and rub them together for a while.......notice that they are attached to a volume bar, each......lol.....
lol.....and the beat goes on....
Over 111 here again and it has been a good week.
The summer is starting and the markets are not going to have a Summer this year.
With three big oil companies coming into Iraq remote for safety and training operators away from Iraq I think they will be throwing us out sooner.
Oh the election...money money money..... poor McCain believed Obama up to this week.
Watch the Ads in the Economist for who's getting what rolling....
Financial crime is going to get ID'ed a lot in the weeks ahead so some nice kicks to keep volatility rolling. nice to be below 12,000 at last.
People in town are still writing checks, though. Gotta deal with the local problems.
Turning the corral into desert gardens..... oh well....
I remember living in AZ for a bit. I worked at Ruth's Chris in Scottsdale over by the CamelBack resort. (It was years ago and I was a young lad just out of college taking a wilderness journey across the country and AZ was a stop along the way). I remember enjoying drivs up to Flagstaff with a good book and relaxing in one of the many fine rest-stops
enjoying those beautiful views of the mountains and valleys.Does this imply leg 4 could be more volatile than previously anticipated?
I am just hoping better judgement prevails in the plans regarding the M.E.
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