jack hershey and others..

Quote from bh_prop:

So one cannot begin to look for any bands until after P2?

Can an Ab A turn be followed by a BM-Rev B turn ? don't see that combo in the tables
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Yes, except for your PP sheet for EE's

There are more combo's absent than present. As you go from pane to pane you see very few combo's that cause a c turn reversal. this table is he basis for always being able to take the full offer of the market.

The carry over call for tomorrow is short. In trading lingo for users of TA this is what is referred to as a "call".

the status of the open is a potential A type trend, following a c turn on bar 76 which was a BO-T1. The trend sequence has been P1, T1, P2, P1, wait ,wait. Thus, we are in the yellow panel.

The market opens in a little over six hours.
 
Quote from ncx:

I deduced the 9 price cases tic tac toe. Only moves to adjacent non-blocked cells are possible (when bars are degapped). Sym is in bottom left corner. OB is in upper right.
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Quote from jack hershey:

Yes the tic tac toe is a module as you say.
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Completing the tic tac toe box such that the "price cases" can only migrate to boxes either up or to the right of the current case was an interesting exercise. I've attached a crude picture of my result (for those with an interest, I'd encourage you to work through the exercise rather than view the attachment).

However, after looking at the matrix a number of times over the past couple of days, the significance of the result escapes me. Sure, at any given box only a couple of migrations, at most, are possible and this could have a "calming" effect for the trader. But is there more here? Is there a greater significance to the matrix that I'm missing?

-river
 
Quote from river:


However, after looking at the matrix a number of times over the past couple of days, the significance of the result escapes me. Sure, at any given box only a couple of migrations, at most, are possible and this could have a "calming" effect for the trader. But is there more here? Is there a greater significance to the matrix that I'm missing?
-river
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There's always more. That's just how the world (and markets) work. So you will never be out of job. Keep drillin'.

Look through the window. See how the trees grow.

There are trunks. There are branches.


Jack has been very open about the mystery novel while I was away. Butt handed thread will be so much fun.

I just wonder why Jack did not attack the AI problem in practice (or maybe he did). That's even more efficient than money. He's got the major piece in the puzzle and cutting edge guys in the field don't know it.
 
Quote from ncx:

There's always more. That's just how the world (and markets) work. So you will never be out of job. Keep drillin'.

Look through the window. See how the trees grow.

There are trunks. There are branches.
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Speak in riddles you do, ncx. Your "Yoda" like answer made me smile but I was hoping for a more substantive response. Maybe there isn't one.

Does anyone who follows any version of a Jack Hershey methodology have any input on the significance, if any, of the price case matrix described above?

-river
 
Quote from river:

Speak in riddles you do, ncx. Your "Yoda" like answer made me smile but I was hoping for a more substantive response. Maybe there isn't one.

Does anyone who follows any version of a Jack Hershey methodology have any input on the significance, if any, of the price case matrix described above?

-river
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I found the concept of bid/ask wall very useful. It started me on path of analyzing and deciphering DOM patterns. DOM patterns only hold "predictive" power for very short term trading.
 
Quote from RedDuke:

I found the concept of bid/ask wall very useful. It started me on path of analyzing and deciphering DOM patterns. DOM patterns only hold "predictive" power for very short term trading.
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RedDuke,

By coincidence, I’m in the process now of adding the DOM to my “tool set”. I’m encouraged to read that you found the bid/ask wall very useful. IIRC, you trade the KOSPI. I have a few of questions if you don’t mind. In your experience, during the first couple of hours from the open, is there plenty of volume at each successive price level or does it “jump around” a lot? Does it qualify for 60/40 tax treatment? How would you contrast the general price action and volume of the first couple of hours to that of the ES (if you trade the ES)?

-river
 
Quote from river:

RedDuke,

By coincidence, I’m in the process now of adding the DOM to my “tool set”. I’m encouraged to read that you found the bid/ask wall very useful. IIRC, you trade the KOSPI. I have a few of questions if you don’t mind. In your experience, during the first couple of hours from the open, is there plenty of volume at each successive price level or does it “jump around” a lot? Does it qualify for 60/40 tax treatment? How would you contrast the general price action and volume of the first couple of hours to that of the ES (if you trade the ES)?

-river
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Hi River,

1) There are plenty of volume in this contract during first 2 hours and through the rest of the day. Usually high 2 digits on each level, often 3 digits. It also has high tick value of around $20 depending on the exchange rate.
2) The contract has great moves, and it jumps very rarely, it can move fast, but no jumping most of the time.
3) It does not qualify for 60/40. Though this year Eurex got qualified as QBE, and some of KRX products trade on Eurex, so who knows what will happen this year. It also took CFTC a long time to issue No-Action for this contract to be traded in US.
4) It is very similar to ES. The main difference is that Kospi had larger intra day moves on average, and it is a bit thinner then ES.

Regards,
redduke
 
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