Jack Hershey Method: Beginner Rockets

Quote from cnms2:

<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>
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cn,

Better go back to your MM goodies and option stuff. How come you forgot about these and became now one of Jack's little butlers?
Anything to do with your reading "A FAMISHED FOX" after years of only looking at ripe black grapes?

Courteously tell your honorable master to start trading against 666. We never saw Jack DO anything at ET. Given his unbelievable verbal output over the many years, only fools and dumb foxes would still vouch for him.
 
Quote from mhashe:

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
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There is nothing that Jack advocates that is not found somewhere else. That is why I don't understand these emotions.
If you want live to trade, it is very doable. The P/V relationship can be found on any fractal you care to look at. Apparently, some of these trolls simply don't like the messenger. The message has been carried by WDGann, William O'Neal, Murphy, Brown, et al. What Jack does is save a lot of time and energy by condensing all of these concepts into a method that tells a person where they are in the market at all times.

Depending on how hyper a person is, the principles work on any timeframe. William Schamp does something similar, and it is very effective. He catches a lot of heat too. But what is the strangest of all is that Jack Hershey is selling not one single thing. If people don't like him, I am at a total loss as to why they just don't ignore him.

Marketsurfer advocated a very eye opening book a few years back, which I obtained, called "Envy, a theory of social behavior". It is a must read. Then come back and read Jack's attackers. It is almost laughable if it weren't so pathetic.

Best Regards
Oddi
 
Quote from mhashe:

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
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what would it be like for you to throw out all your pre-conceived notions about what IS or IS NOT possible? and to provisionally take on the beliefs of someone else to find out if what he says is true?

you can not arrive at the total truth of the matter from standing where you are. you must go where he is logically as a matter of investigation. THEN if you find that it is true, you may be able to replace your old beliefs with the new beliefs.

some beliefs to take on provisionally in order to TEST the material.

1. the market has a rythm that is consistent across all markets and time frames (i.e. the P/V relation)

2. one can know where one is in the market rythm at all times

3. knowing number 2 is the best defence against drawdown and the best offense for creating profits.

there are more but that's what came off the top of my head.

doing what YOU think jack is talking about is not enough. the reason is that you are filtering the process instructions through your core beliefs....it changes the outcome.
you need to take on provisional core beliefs and filter his instructions through those to arrive at a meaningful outcome....the meaningful outcome here is a paradigm shift.

that shift will ultimately lead to profits, though the time it takes for each individual to "GET IT" is different for everyone.
 
Quote from nononsense:

Get of your butt and start trading something.
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Josef Stalin
Adolf Hitler
Augusto Pinochet
Saddam Hussein
Robert Mugabe
Slobodan Milosevic
Jack Sexbuy
Kim Jong Il
George W. Bush

... zero tolerance, high brutality against any deviant opinions
... full of complexes
... spineless but megalomanic
... (presumably) stubborn until the bitter end
... backed by a submissive following but more or less completely incompetent themselves

-->... basically full of sh*t
 
1. Your list explains your intolerance ...
2. Your signature is so true ...
Quote from gerry875:

Josef Stalin
Adolf Hitler
Augusto Pinochet
Saddam Hussein
Robert Mugabe
Slobodan Milosevic
Jack Sexbuy
Kim Jong Il
George W. Bush

... zero tolerance, high brutality against any deviant opinions
... full of complexes
... spineless but megalomanic
... (presumably) stubborn until the bitter end
... backed by a submissive following but more or less completely incompetent themselves

basically full of sh*t
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Quote from cnms2:

More than 4500 posts of nonsense ... Get a life!
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So what?
Ever count Jack's, ....(wacko's) and Grob's posts together?
As ya seem to have some pretentions in French: "Je n'ai jamais tourne comme une girouette a la cnms2". (accents excepted)

Keep on wacking around cnms2.
Don't forget to apply yar ole MM if ya ever would try some of wacko's stuff. :D
 
I swing trade short term options. I use some of Jack's methods to determine direction, entry and exit. I apply money management (position sizing) to control my risk and maximize my equity curve growth. No girouette, no nonsense. I'm not sure why you keep addressing me on various boards if you disagree with what I do. Just ignore me.
Quote from nononsense:

So what?
Ever count Jack's, ....(wacko's) and Grob's posts together?
As ya seem to have some pretentions in French: "Je n'ai jamais tourne comme une girouette a la cnms2". (accents excepted)

Keep on wacking around cnms2.
Don't forget to apply yar ole MM if ya ever would try some of wacko's stuff. :D
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nononsense

Do you have any working methods that you are sharing? If so could you please direct me to your posts? I just want to learn something that works. I have been reading posts here for quite awhile. I'm not sure what Mr. Hershey would have to gain by bullshitting so I will continue to read and try to learn. On the other hand I would be glad to learn something from the those who oppose his views if they have something to offer. There is a lot of bullshit on this board and very little useful information.
 
Quote from Grob109:

It has been accepted de facto and you can just do the linking to anything of ours that is acceptable to you when you get around to it....

You and I do not discuss making money and I am not negotiating with you. I just explained how you could do what you want with information readily available and linkable.
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No, it has NOT been accepted defacto. I've said quite a few times that I'm looking for a contest where the results can't be fudged. http://www.elitetrader.com/vb/showthread.php?s=&postid=1089898#post1089898 Therefore nothing of yours or the A Team's is acceptable to link to. Easyrider may very well have turned $5K into $200K trading your stuff. And I may very well be from another galaxy. Get it?
 
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