Jack Hershey Method: Beginner Rockets

Quote from Chicken Little:

Well Jack allow me to explain that to you. You being a resident of Candyland, which we as residents of "reality" call candyasses, probably dont understand the motivations and actions of anyone not a candyass. Now the broker offering anyone using the method you showed was undoubtedly a B team member. Unlike candyasses, B team members are predatory meat eaters. While candyasses like you are sitting under the truffula trees eating granola, there are numerous B team predators looking for raw meat. Their favorite food is gullible candyass. When you showed your trading method which generates 20 to 40 trades a day, the broker immediately started salivating, HE SAW SOME FRESH GULLIBLE CANDYASS!!
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You are right on the mark. He got additional accounts and serviced them and makes more money.

I appreciated his critique as well.
 
Quote from nononsense:


Jack, prove me wrong. Get of your butt and start doing something.
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From time to time while walking down the not so glamorous streets of the US capital of glamour (Hollywood) I run into individuals (usually homeless) whose behavior is so out of whack with reality that my friend, a theoretical physicist by training, considers them the best evidence so far for the existence of parallel uiniverses that one of the interpretations of quantum mechanics assumes.

Well, Jack is, IMO, yet another piece of evidence for this.

I don't think you will get much from a parallel universe unless you understand its laws and those when it comes to Jack's parallel thingy have been eluding many of us for quite a while.
 
<FONT face="Comic Sans MS">The Fox and the Grapes by Aesop

A FAMISHED FOX saw some clusters of ripe black grapes hanging from a trellised vine. She resorted to all her tricks to get at them, but wearied herself in vain, for she could not reach them. At last she turned away, hiding her disappointment and saying: "The Grapes are sour, and not ripe as I thought."</font>
 
Quote from Grob109:

You are right on the mark. He got additional accounts and serviced them and makes more money.

I appreciated his critique as well.
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Jack, either you have the patience of Job, or you let your IBD group read some of these people for pure comic relief.

Which is it?

Best Regards
Oddi
 
Quote from oddiduro:

Jack, either you have the patience of Job, or you let your IBD group read some of these people for pure comic relief.

Which is it?

Best Regards
Oddi
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I suspect its so that he can print them out when he's at the library, and use them as additional layers of insulation for his cardboard box.
 
Quote from electron:

From time to time while walking down the not so glamorous streets of the US capital of glamour (Hollywood) I run into individuals (usually homeless) whose behavior is so out of whack with reality that my friend, a theoretical physicist by training, considers them the best evidence so far for the existence of parallel uiniverses that one of the interpretations of quantum mechanics assumes.

Well, Jack is, IMO, yet another piece of evidence for this.

I don't think you will get much from a parallel universe unless you understand its laws and those when it comes to Jack's parallel thingy have been eluding many of us for quite a while.
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I must say these "Jack Hershey" threads have been fun to follow. The intense emotions on both sides are like debates on religion/politics. I can understand using channels in longer time frames.....but I'm not sure what Jack is getting to with all these micro-channels, not my cup of tea. Unless you're a meth addict, there is no way a sane human can muster the concentration to buy the exact bottom of the channel and then sell the exact top of the channel.....sure in theory it looks great, and marking up a chart in hindsight can be too much fun.......but in reality it's un-workable. Sitting glued to your screen......all day.......trading micro channels ....geez man, I want to trade so I can live.....not live to trade. If one of Jacks disciples has these turns figured out at the micro level, and can provide audited statements, I would love to invest with him/her....just give me 25% consistent returns and you can keep the rest.

Btw, for me being flat .....and not in the market.....is actually also a position. So, it's not only Buy and Sell. It's Buy , sell or be flat. When the market acts like a deranged crack addict, I like to stand aside with my marbles....because I know the systems I use won't work...so why bother.

Jacks system is similar to Andrews pitchforks mated with a momentum indicator....a divergence indicates a pending change in channel direction. Like everything, it works when it does, and does'nt work when it does'nt. * There is no holy grail *. The concept of price channelling behavior goes way before the 1900's.....some old school traders used to refer to them as "magic parallel lines". Price channelling is exhibited when the market is too deep and too wide for much manipulating, usually exhibited mostly in Currencies these days. pull up a 30 min EUR futs chart and you'll see it. I'm definitely not a pro trader, far from it. It's just my 0.02
 
I'm not aware of any such claim or intention regarding Jack's trading methods. Au contraire, in his equity trading method he advises to take from each stock's trend only the high velocity price portion, then move on to anothe money stream. Regarding his SCT for futures trading, he uses concepts as wash trades, IF1-IF2, APA that in no way target picking tops and bottoms.
  • <font class=quo>Quote from mhashe:


    ... there is no way a sane human can muster the concentration to buy the exact bottom of the channel and then sell the exact top of the channel ...     </font>
 
Quote from cnms2:

I'm not aware of any such claim or intention regarding Jack's trading methods. Au contraire, in his equity trading method he advises to take from each stock's trend only the high velocity price portion, then move on to anothe money stream. Regarding his SCT for futures trading, he uses concepts as wash trades, IF1-IF2, APA that in no way target picking tops and bottoms.
  • <font class=quo>Quote from mhashe:


    ... there is no way a sane human can muster the concentration to buy the exact bottom of the channel and then sell the exact top of the channel ...     </font>
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If you added the whole quote, you'd notice I stated it's not possible on the micro scale he charted. On a Larger time scale? .... heck how do you think the smart money trades? Examples below.

Edit: With the use of obtuse terms which are explained by multiple pages of equally, if not more obtuse and obfuscated descriptions.......might as well be a religion.
 
This is my latest update I have on my set of charts I mark up and review every week.

Notice how the channel stays true. Like I said, works in deep and wide markets that are difficult to manipulate.
 

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