jack hershey and others..

Fortunately, I printed out the color version of those charts from the other thread.

I was hoping you would give a step by step as to why bar 4 was labeled a C turn (D-D). Also, bar 13 is labeled the exact same type of turn but bar shape is FTP (internal) and price should have suppressed volume measurement correct?
 
Thank you once again for a nicely detailed reply, my apologies for asking for the same thing twice, but ET has a posting delay of some kind and I hadn't seen your response.

I will have further questions and will compile/send them tomorrow morning.

Quote from jack hershey:

here is a beginner's log for the open.

The carryover is at the top of the log.

Bar 1 was a carry over P2 test procedure on an price permission from the XB of price.

On bars 2 and 3 you see the negative logic theme that set up the C band.

For bar 4 you go to the B band through K band EE sheet as a simple consequence of the T in the T2P cell for the volume test procedure. As you see there are F's in all other places just to be thorough (incase of a "leftmost" decision making situation.

this facet also tunes the differentiated mind to look at just where the T2P is located. A band pass steps into the picture as a ranking priority.

Once you have the name of the EE it is written in the P3P column.

Now during the time available, the type of turn is examined.

Certainly, on the open there is the issue of taking the full offer of the market, so we bear down to make sure we are on the ball.

Notice the pressure exerted on writing in the c for the c turn. this person is "getting it correct. He even adds a little arrow between the two D's to tell himself just what is what.

He is in the correct Set for trend type. He is looking for the Ba band Pass in the "n" column. when he finds it he looks at n -1 column and confirms the n -1 has a corresponding turn for that Set type of trend.

then he goes to the extreme right side of the long and writes "go".

this means reverse.

He also notes "long". Long is the sentiment of the new hold.
More...
 
Ok Jack, I have my list of questions compiled regarding 8-2-13.

1. The only C turn with Ba as N event has BM-Rev as N-1 event. Was the BM-Rev during the prior trading day?
2. Does the Ba bandpass volume have to be >T2P but <P2, i.e. would it have been a Fb (or Ca?) if volume was >P2?
3. Since bar 4 was labeled a complete C turn I thought the next bar becomes a P1. I noticed you have "T assigned" for bar 5. Either way the next bar's volume is lower so it becomes T1.
4. I repeatedly get stuck on this aspect, but how is it that bar 13 volume is measured since it is an internal FTP? Understanding this is of particular importance since you assigned another C turn to bar 13.

Thanks for your patience and for donating your time to this forum.
 
Hi Jack,

In the search for the secrets to the Markets, would it not benefit the new Trader to read magazines like Active Trader and attempt to figure out what men like Robert Green are trying to tell the average Jan or joe trader?

Active Trader magazine use to do a interview with Robert Green of "Green Trader Tax" in Greenwich Connecticut for strategies on tax avoidance and other methods to protect your capital in case you have a bad year, most Traders usually would benefit from "Mark to Market" accounting.


It was shocking to see how much money the average "winning day trader" or "swing trader" made. If my memory serves me correct, it's was akin to $54,000 or less and that's makes up a large percent of the Three Percent Winners!


Anyone who reads Active Trader Magazine knows who Robert Green is, I don't recommend him to do anyone's taxes that make the $75,000 or below, you will pay him or "Buddy" $5,000 or 10%+ of your income. Is this what you have come to see when you coach traders or Prop-Shop Traders Jack? Would a prop-shop benefit a new trader who needs some camaraderie and self-control by having a proper risk-manager who can see if the trader is going to blow up?


The Magazine was 2004-2006 Time Range if anyone want's to read the article, it was interesting and depressing to think that of the 97% of people who don't make money Trading, the next level or 1.6%+ made $100 to $75,000 :(



I asked Robert what percentage of "At home traders" make above $250,000 to $2,500,000 per year and the stats were staggering low. It's insulting to see the Etrade Baby and that firm tell everyone how easy it is to Trade, "even a baby can understand it! TradeStation's commercials and others are not cool, all that data can make a new Trader churn and churn and burn through that money with high commissions and losses because, "hey, a creepy baby can trade so why can't I?"


Do you think the likes of Dr. Alexander Elder and all those Traders that have booths at the Las Vegas Trading Expo who provide you with a seminar and books costing up to $2000 like Greg and Oliver sell. Do those guys really know how to trade are they just selling false hope? The link Debby put up for us is interesting, each trader should read through those notes Hermit Trader documented for us, it hit really hard and so close to home with me! That info can save the kids some real money and avoid that horrible feeling of blowing-up by doing those exercises you are helping us with. Thank you Jack!
 
Quote from bh_prop:

Ok Jack, I have my list of questions compiled regarding 8-2-13.

1. The only C turn with Ba as N event has BM-Rev as N-1 event. Was the BM-Rev during the prior trading day?

the RTH market has continuity from day to day. This means two things to potential traders:

1. You cannot start a day just anywhere you think you see a setup.of any kind. Thus most potential traders stay out of the market until the second trend of a day begins.

2. A trader must do an ananlysis of the open of the next day all based on the exact context of the trend 'in force" at the end of a day.

2. Does the Ba bandpass volume have to be >T2P but <P2, i.e. would it have been a Fb (or Ca?) if volume was >P2?

This question means that you are beginning to use bandwidth in your reasoning. Good work. As a trend moves forward, there are more and more possibilities for an End Effect (EE) to occur since there are more bands for a forming price bar to drop into.

At this point the trader's mind moves to "anticipate". This is unlike betting, hoping or price hitting some guessed at target or guessed at stop. Some well known traders and authors do get this inclination which they call zones. For them, zones are places that seem to have some unconscious relevance.

For those using a systemic approach, the independent variable does, mathematically, define zones. This is a concept based materialization. The concept is what in trading is called "context". Nothing is true in trading if the context of the circumstance is also true. Most people are very unsophisitcated so they never think in these terms. they stick with fear, anxiety and anger as their guides.

At any time all bands that have been established remain in force. you mention a few. FF requested that I post all this information since he did not want to go through the intellectuaal development himself. Not many would. So you see on the sheet for End Effects, I also added the contextual range of volune that satisfies the "true" of the End Effect. Only a finite number may exist so I listed all of them.

3. Since bar 4 was labeled a complete C turn I thought the next bar becomes a P1. I noticed you have "T assigned" for bar 5. Either way the next bar's volume is lower so it becomes T1.

I am allowing you to see how a beginner thinks and works. you "graded" his work. He put a T in place of a P1 by making an effort to keep up with his team. He knew it was a P1 and did as he did.. Good grading.

4. I repeatedly get stuck on this aspect, but how is it that bar 13 volume is measured since it is an internal FTP? Understanding this is of particular importance since you assigned another C turn to bar 13.

you are catching on to "making sandwiches out of slices". On bar 15 there is a lat 4. there you see "retro" and a "retro in the column to the right of the event column. The bar 13 was a Wait when first assessed. See line and W. During the filling in of the retro column (having been given permission by the lateral forming (lat 3) and going forward (lat 4 where retro is written) and where we shift to a SUBFRACTAL ORIENTATION), it is seen that a BO of the rtl with a T1 has happened.

When this becomes known we reverse and go short. Since we are taking the full offer of the market, this tardy reversal is just part of life and our MADA process.

Thanks for your patience and for donating your time to this forum.
More...

Your post is a good example of what goes on in our trading room. The conversatiions are all like this as the 300 seconds of each bar passes. At bar 13, everyone knew there saw a situation. they also knew how to handle a lateral.

We all remember Donna learning and she did get into Al Brooks and how she had difficulty reading Al's composition.

Recently, others have lamented the reappearance of bar by bar.

Things are cyclic in many ways. It is hard to imagine that the publisher of Granville in 1960 could publish Covell when they did.
 
Quote from JesseJamesFinn:

Hi Jack,

In the search for the secrets to the Markets, would it not benefit the new Trader to read magazines like Active Trader and attempt to figure out what men like Robert Green are trying to tell the average Jan or joe trader?

Active Trader magazine use to do a interview with Robert Green of "Green Trader Tax" in Greenwich Connecticut for strategies on tax avoidance and other methods to protect your capital in case you have a bad year, most Traders usually would benefit from "Mark to Market" accounting.


It was shocking to see how much money the average "winning day trader" or "swing trader" made. If my memory serves me correct, it's was akin to $54,000 or less and that's makes up a large percent of the Three Percent Winners!


Anyone who reads Active Trader Magazine knows who Robert Green is, I don't recommend him to do anyone's taxes that make the $75,000 or below, you will pay him or "Buddy" $5,000 or 10%+ of your income. Is this what you have come to see when you coach traders or Prop-Shop Traders Jack? Would a prop-shop benefit a new trader who needs some camaraderie and self-control by having a proper risk-manager who can see if the trader is going to blow up?


The Magazine was 2004-2006 Time Range if anyone want's to read the article, it was interesting and depressing to think that of the 97% of people who don't make money Trading, the next level or 1.6%+ made $100 to $75,000 :(



I asked Robert what percentage of "At home traders" make above $250,000 to $2,500,000 per year and the stats were staggering low. It's insulting to see the Etrade Baby and that firm tell everyone how easy it is to Trade, "even a baby can understand it! TradeStation's commercials and others are not cool, all that data can make a new Trader churn and churn and burn through that money with high commissions and losses because, "hey, a creepy baby can trade so why can't I?"


Do you think the likes of Dr. Alexander Elder and all those Traders that have booths at the Las Vegas Trading Expo who provide you with a seminar and books costing up to $2000 like Greg and Oliver sell. Do those guys really know how to trade are they just selling false hope? The link Debby put up for us is interesting, each trader should read through those notes Hermit Trader documented for us, it hit really hard and so close to home with me! That info can save the kids some real money and avoid that horrible feeling of blowing-up by doing those exercises you are helping us with. Thank you Jack!
More...

You are describing a decade or so of CW experience.

The national stats come through compilations of client's performance in IB's.

CW is what it is.

The amateurs trading record is one where people come and go so their is a high turn over of people learning failure.

stats often fail to handle the survivor basis of reckoning.

So you have a typical view.

A person commented recently on his education and his consequent BS viewpoint. Hey, I went to college, got an advanced degree, taught at many colleges and universities, and was listed on a top tier MBA school. I do what this guy feels is not possible.

People keep track of how rich some people are. Why keep money you hve extracted from the markets? There is no good reason to no longer use money as a commodity.

I do plan on goofing off soon. But in the meantime I will buy houses so I can be where I want for given times of the year. I lived my life in reverse (If you use the conventional standard). Who cares?
 
Quote from jack hershey:

You are catching on to "making sandwiches out of slices". On bar 15 there is a lat 4. there you see "retro" and a "retro in the column to the right of the event column. The bar 13 was a Wait when first assessed. See line and W. During the filling in of the retro column (having been given permission by the lateral forming (lat 3) and going forward (lat 4 where retro is written) and where we shift to a SUBFRACTAL ORIENTATION), it is seen that a BO of the rtl with a T1 has happened.

When this becomes known we reverse and go short. Since we are taking the full offer of the market, this tardy reversal is just part of life and our MADA process.
More...

Ok so at bar 15 we now know (in hindsight) that bar 13 was a C turn due to BM-Rev B turn followed by BO-T1 as our N-1, N respectively. Is there a reason the rtl was drawn high to high i.e. if bar 15 had closed below the low-low trendline would the C turn still have been confirmed?
 
Quote from bh_prop:

Ok so at bar 15 we now know (in hindsight) that bar 13 was a C turn due to BM-Rev B turn followed by BO-T1 as our N-1, N respectively. Is there a reason the rtl was drawn high to high i.e. if bar 15 had closed below the low-low trendline would the C turn still have been confirmed?
More...


confirmation does not enter into expert trading (or any other kind for that matter).

It is required that all turns be ID'ed as to the turn type.

This is done with 100% certainty. The Modrian table provides this certainty due to its sophisticated constructiion.

At bar 13, you have reaped x points in a market where 21 points doubles your capital.

You speak of constructing a low to low left trendline. If you have a BO of a left trendline, then the trend volatility is "making more money" in the short (This is a VE (Volatility Expansion))


At bar 9, you have the possibility Set C possibility coming up. You "know you know" you are carving long profits and reversing into a short position to take more profits in the next trend segment.

the BookMark and the rtl are placed by annotating with 100% cetainty.




In other systems, I have provided, the bar 12 and 13 are called the "hershey hinge" for a long to short in trending ends. In another system, bar 13 was hitting a DOM wall that was built by the greed of big money (big money always thinks it is ahead of other big money and does not see the impossibility of getting target executions (read A. Lo to find out the stupidity of academic advise the big money believes)).



As you see the rtl BO after a T1 on bar 15, you go to another use within the Modrian table. There is no measurement possible on bar 15 because of the lat 3 designation. On the lat4, a retro allows the T1 to be designated BUT by then an Ab on lat 4 took us out of the trend initial band.

As you grow into using the Modrian table you can see it is self correcting. Try reading through the EE's on the way to and including the bar 21.

thanks for your post.
 
Quote from SpunkyTrader:

Do you have any drills or practices a trader can do to help stay mindful in the NOW and execute their trading plan without fear?
More...
, After you do all these things , trading will be the last thing on your mind:))
 
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