Jack Hershey in trading vs Srinivasa Ramanujan in mathematics

[jack hershey]

heres a little pinch of architecture:


The sourcebook (Open Library)


openlibrary.org/works/OL5481761W/The_sourcebook


Dec 10, 2009 – The sourcebook by John T. Hershey; 1 edition; First published in 1981; ... {{Citation |publisher = AIA |publication-place = Washington, DC (1735 New York Ave., N.W., Washington 20006-5292) |author = John T. Hershey |url ...

 

[jack hershey]

Quote from iamdom:

Jack Hershey can be compared to L Ron Hubbard. They are/were both batshit crazy yet what they say sounds intelligent. When you look closely, however, what is said is pure BS and the result of a deranged and delusional brain. Their thoughts, ultimately, do not unite into a coherent and sensical way.
And the reason is......Jack Hershey, the Person/Subject, is already dead folks!!!!! There is nobody there..... You are talking to a biological brain with no mind. He lost his mind...... and what is left is a brain still capable of complex thought but no person their to be able to reflect on those thoughts.


RIP JH

Near miss.

My longest TV appearnce was with Barbara Marx Hubbard and company. Location University of Tennessee.. A lot of famous people participated. I ws an Adj Prof in architecture and the main team grad student project was designing and helping build Mud Island. LOL there is also a book , landscape oreineted and the centerfold is the 7 part architecture process for iterative refinement for which I am responsible as its creator.

The multi trailer set was transported in to do "Synergistic Convergence" a 72 hour real time video taping simultaneous broadcast.

Do searches before you post corny word groupings.

One of your colleagues thinks I ought not post and he is looking for a book on trading I should have written for one of this reasons.

 

[jack hershey]

Quote from RedDuke:

Not that I know off. I offered few times to run a back test. My only request was the exact set of rules. Ninja 7 allows process of multiple instruments within the same chart space, so all YM rules would also be included.

No one, was willing to provide the exact rules.

Here is an example for you to not complete. After you fail to complete this back test, then tell people the information I provided was not good enough for you to use. I use it however.

The filter is PVT filter 2. You can see it here in ET or elsewhere. You can also see the Unverse the comes from the filter.

Next you use the strategy rules on the onepager entitled "unusual volume".

Many people have used ohter versiions of PVT to test it and they have usually added twist to make up for their inability to use what was suggested.

I like the way you keep baiting me.

I especially like the "not that I know of".

Most people want to test other people's systems by using the exact rules the system creator constructed. This usually doesn't happen.

Your post is mentioning YM. Why? YM is not included in the PEP application called PVT. Ym is not included in the PEP application of SCT nor SSR.

For those who will trade the open timorrow in ES, the open is long and the trend is somewhat unusual since T1 did not appear before P2.

I may start a thread. I have been asking around to specific people how to diplay a record. I feel the record can contribute to the massive shift which will be replacing the financial industry as you know it.

 

[Wide Tailz]

JH is a master of stringing along unsuspecting victims, using psychological manipulation. I wrote him off as a kook, at first.

But shreds of trading truth fall thru the network of jargon, at times, by The Guru and his disciples....

The SCT method is one of the only ways a very large trader could get paid by The Market, in proportion to their size.

SCT traders define a range, a trend, and a moment of inflection for both. These are created by large traders who manipulate the masses of naive price chasers and purposefully trigger their greed and fear, then take the other side when they finish discharging their (collective) wad.

A large trader has enough capital to create a bottom, top, continuation breakout, or s/r outcome, if they do so after the herd has run down their available capital.

This is just like how an experienced fighter will mock, feint, talk smack, or drop handz toward a less skilled opponent, triggering their attack (which the experienced will easily defend against). After this dramatic expulsion of rage, the novice gets tired and The Master picks him apart.

The tape tells this same story, for those with eyes to see.

 

[jack hershey]

Quote from RedDuke:

Jack,

Back testing involves development and I need exact rules, it is just that simple. I am not gonna waste my time by guessing. If you will post the rules, I will write code to backtest them.

In PVT filter 2 you see the seven criteria. Today using the posted critia in that named filter gives 92 stocks. 92 stocks are your Universe.

Tthe rules are on the one pager. In the List of the 92 stocks you see columns that contain the calculations of the IAS rank (full right column. And there are columns (T/F for the 8 scores.) and there are calculated columns for the DU FRV and Peaking which dynamically change based up on coulmn that calculated the 65 day average which is also a column.

entry is defined on the one Pager by the rule that volume has to exceed the prorata DU volume after having had a DU volume the prior day. One the one pager The FRV volume is shown in the middle column. All entries in the table are normalized. FRV comes after DU and it is the entry rule shown, for convenience in tabular form.

Hold occurs as long as volume remains above the minimum volume shown in the right coulmn of the table. Again the prorata volume is shown in the right column.

In the center of the one pager are the typed rules for PVT when the filtered universe is used. I retyped them above.

I agree with you, do not do a backtest. It is a waste of your time. Ordinarily, on the platform where the filter its cretrai the formula for rank, the scoring all appear, they are combined in what is called a strategy. All stragegy have ancillary enhancements. One is called "report". A report is defined to be happening over a beginnning and ending past period. In common parlance the strategies report is an automatic backtest.

Most inventors, developers and designs use a thing called "optimization" to iteratively refine their work. In the case of PVT the one page was not refined because a sample of 400,000 showed no adjustments were required.
anyone who is using the same platform I use can go and get the criteria, filters, formulae, rules, and strategy. Each of these things are defined using mathematics on the platform. The platform is a C++ coded framework which supplements the programming with menus and panes for doing construction by following the directions. These aids eliminate having to code in a language. Instead user friendly directions give you the means to genate reports fron strategies. PVT, SSR and SCT are strategies and the contents of each are housed in libraries.

Since I use the platform, I can phone for help if I need more direction with using the instuctions. I have used the trading rules since 1957. As time passed aids were invented to replace manual trading. The PC is what I use now. It has a platform I rent. The platform is capable of of individual criteria, filters, formulae, rules, and strategies. Each element is named and then these items are combined using operators, inequalities and parentheses. what emgerges are dyamanic read time operaional strategies that produce "highlights" on displays.

I hope you realize how ridiculous your post about replacing financial industry as we know it sounds.

What you say is precisely true. You are taking a measurement using a system that has an output. You state the output for your reasons. Threfore what you say must be true in your context.

My context is different than yours. So I am using an "outside the box" different world than the financial industry. I can take common information and use it exquisitely. I parallelled the CW with the same array of components but the are different in their nature. As people use their measures like you do, they do not grasp my components and what makes them different.

History tells use that the horse was replaced by a car. And that railroads did not work with wings attached. Cars need infrastructure different than horses. Airports are different than rail lines.

Democracy has replaced kingdoms.

In isolation people invented different languages. Today their is a common language among all civilized peoples. It works on bits and bytes.

I feel the financial industry is out of date. Its instruments will be replaced when they do not work in a context of integrity. 6 banks control 65% of wealth. These banks lobby at the billions of dollars level. I have done a workaround that is independent of this power structure. I am manifesting it using the common global language available today.

Once again, are you willing to trade live even on a demo to show once and for all that your systems have a merit?

Yes. I am sure that what I am doing will become public information. The "occupy" movement has been able to make its point in the rigorous academic world. I agree with making the changes they collectively recommend. And I have the tangible unfettered means.

I showed once and for all that what I do has merit. The time was 1957. The record is clear; it is there; it is tangible. Within five years, I was formally served by federal agnecy who claimed I did what they cited me for. I did what they saw and judged and they found out the same thing you are going to find out.

The world is changing. I am just chit chat. I never went in with the powers that be ever anywhere. Now, I am immune.

Regards,
redduke

 

[jack hershey]

Quote from wildchild:

Look at all of these people who are jealous of Jack Hersey. You know the old saying, "You can't please everybody".

No one is jealous of me.

There may be some reasons why I appear to be different and to one side of the mainstream.

I am documenting my life and how and why I did all the things that I did. I have had a very thorough series of EMDR sessions from the best. I have reecovered from PTSD over many years of doing trauma as part of a medical team.

It is an amazing experience to go through the iterative refinement to complete a valid algorithm and its three pragmatic applications.

Today I worked in tandem with a fluent person in SCT (A lawyer by training and fame). The markets are like clockwork and they flow out their events in the only way human psychology permits.

I went short today at high noon. (bar 30). LOL

"Occupy" did a wonderful selfless thing for all of you out there. The BS is going to be over this year.

 

[frenchfry]

Quote from RedDuke:

Jack,

I thought i was clear, the exact rules, then I will back test.

redduke

After putting in some time and effort it is amazing how suddenly this PVT "One pager" which in the past was just a useless graphic makes absolutely sense.

The rules for PVT are all here. There is also Spyder's Wealthlab code which you could analyse and some Excel workbooks with VB scripts. Don't ask me... I'm not a programmer.

The only thing that is arguable is that there is no clear definition which A/D formula (doesn't seem to matter) to use and how to do an automated IAS with ranking to create your hotlist from your universe which you will need for your backtest.

But maybe you are not interested in PVT but backtesting (automating) SCT? 11 volume cases, 7 quickies, 35 end effects...

 

[jack hershey]

Quote from RedDuke:

Is this supposed to be a joke?

Like I said earlier, I do not expect anyone who supposedly "trades" your methods to EVER trade live.

The open on Monday is short a bar or so after open. Bar 81 today was on the larger bar (volume) of a stitch so it moved the nearing end of the long forward very close to an end of a trend. I'm not greedy so I am going to wait out the long ending and enter on Monday as the short begins.

I was pointing out to you that I satrted trading in 1957. By a few years later, I was detected on the radar of the SEC.

The lawyers who got the notification at the brokerage were very unhappy.

If you would just reason a little, you could think through what the implications were at that time.

My trading was real and it was unusual. This also means a record was being made in a government agency.

Image my name is Bernie Madoff. He had accounts that were monitored. BUT he gets caught because someone turned him in as a massive loser.

The SEC looks for people who are winners and the SEC knows they are cheating. These people are called traders. They are making trades that are visible to the government. The SEC is motivated to catch cheating traders.

Brokerage lawyers work with the SEC to be sure they are not aiding and abetting cheaters.

So you are like the SEC of ET. The monderators put threads I post in in chit chat. Chit chat is an ET place for people who are not what moderators want posting in regular forums. You are posting in chit chat to be able to straighten me out more and more using your belief system.

I also trade accounts for other people. They sign POA's which are standard in language for the brokerage where they have to put their accounts. I use a designated master account. The POA accounts are linked into the master account.

All these people have one thing in common, they have to spend time and money helping solve local problems.

You are different than the SEC; I do not have to hold your hand enough for you to see what is going on. The SEC, on the other hand, does hold sway with brokerage lawyers and in brokerages cheating is not allowed. Bernie's brokers knew what he was doing. That was their choice. The MLPFand B lawyers asked me what I was doing. I told them just like I told you (taking into consideration the times). The lawyers first looked to find out who I knew in the corporations I traded. I didn't know anyone.

This was like a crack in a door opening. What I was cited for would also involve others getting cited. You immediately cite another group who trades as I do. These other people are bad guys too in your opinion.

The SEC spent time and money. One particular profit taking got the SEC's specific notice. So the SEC checked out other similar traders (coattail traders). The brokers of these people were MLPF and B employees. These employees were so smart that they hyought that I as an IBM'er knew Tang Industries ws going to be selling transistors to IBM. None of this was factual and I had made a lot of money trading Tang and trading IBM.

So the SEC fined MLPF and B a lot of money. BUT I was clean and a user of TA for trading. The SEC had to retract their citations they gave to me.

No one expects you to belive what I type and what actualy happened. To believe me, you have to go into the SEC archives and read the record of the SEC which has my trading in it.

All I say is simply chit chat in ET. All the calls ovr the years by members are not real to you. Neither are the prints from those years. ET wil throw them out soon enough to make more room for newer posts.

Now it is rumored the ET is in decline. I am averred to be a cause. I post posts that are too long. And I do other things that are bad for members.

So maybe the records of my prowess that are coming up will will really wreck ET. It has to be bad for come reason.

I agree with "occupy". I am delighted to take money out of Wall Street and use it to solve local problems.

 

[jack hershey]

Quote from frenchfry:



After putting in some time and effort it is amazing how suddenly this PVT "One pager" which in the past was just a useless graphic makes absolutely sense.

The rules for PVT are all here. There is also Spyder's Wealthlab code which you could analyse and some Excel workbooks with VB scripts. Don't ask me... I'm not a programmer.

The only thing that is arguable is that there is no clear definition which A/D formula (doesn't seem to matter) to use and how to do an automated IAS with ranking to create your hotlist from your universe which you will need for your backtest.

as you can see in the library, I converted the IAS into a single column. to access the details you go through several steps:

1. bring up the toolbox.

2. At the top, click on filter.

3. on filter, at the top click on edit and see on the top left the words: display list. click.

4. when the list is done (a few milliseconds), you see many many columns. Go to the rightmost where you see "Rank Final".

5. right click on the column header.

6. in the work pane you see the name of the formula. note it.

7. go back to the toolbox and click on formula. Note the name on the list.

8. Open the formula.

There you see the pentheses and the mathematical order of doing the internal sub formulae. several are the welles Wilder formulae he allow the platform to use. you can use "Technical Analysis From A to Z" page 114and 115 for further understanding. Even better you can use "New Concepts in Technical Trading Systems." The title is misleading since all this TA is very old and thorouoghly proven. (See redduke type mistaken thinking in ET).

Welles Wilder was a vry doo formulator. His formulae are now "symbolized" so they can be "plugged in".

To stay market neutral means you have to use one "container for long trends and one container for short trends, and by operators let the proper choice be automated.

there in the reading you are advised about filtering as well. WW used the CSI (page 98) to keep the focus on quality. I gree. I chose to be a qual instead of a quant. This means I win since qual trumps the common quant myths. Another reason to keep me out of qnaunt oriented mediocracy.[color]

But maybe you are not interested in PVT but backtesting (automating) SCT? 11 volume cases, 7 quickies, 35 end effects...

Nice humor touch. He can't do a one pager with five rules. All he can conclude is that moderators are as smart as he is.

I should post page 32 of the Dr Hu treatise I wrote..

 

[RedDuke]

Quote from jack hershey:

....
All I say is simply chit chat in ET. All the calls ovr the years by members are not real to you. Neither are the prints from those years. ET wil throw them out soon enough to make more room for newer posts.

.....

That's the issue, I have not seen any real time calls ever.

During your Tuscon meeting neither you nor Spyder traded even though it was one of ideas. You were just discussing movements while the market was open, no live calls.

That being said, studying the methods does prove somewhat beneficial for many. I personally use your concept of wall in my trading. It is actually very powerful.