Jack Hershey Method: Channels

Quote from Chicken Little:

LOOK.

If JH stuff makes money, then let's see it !!

Walk me thorough it. Others want to see it too.

This is not a biased thread . If we go throught the steps and profits occur, do you think I will post false stuff just to bash JH ?
I dont give a fuck about JH's legacy and I don't bow at his altar.

BUT, if his shit makes money at the rate of 2-3x the daily range I wont hide it !!!!
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Well, if you follow instructions precisely, you will be fine.
 
Quote from oddiduro:

Well, if you follow instructions precisely, you will be fine.
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Thank you for the posts. A guide through JH land is helpful!

How do you enter at pt 3! Do you wait for volume to confirm? Can you point me to JH doc that explains entries?

Thanks again.

Thanks to CL as well for the thread!
 
Quote from oddiduro:

On the portion of the chart that you have circled, there is no valid point 2 or point 3.

A higher high flanked by two lower high, or a lower low flanked by two higher lows.

To tradingbug.....there are others that are following this thread, this is a public forum. CL and his behavior will speak for itself, good or bad.
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Please review the circles. I believe you will find in the blue circle a high surrounded by two lower highs and in the yellow circle a low surrounded by two higher lows.
 
Quote from Chicken Little:

Please review the circles. I believe you will find in the blue circle a high surrounded by two lower highs and in the yellow circle a low surrounded by two higher lows.
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Okay, I got you. Point 1 and 2 are circled. Could you please circle point 3?
 
Quote from slacker:

Thank you for the posts. A guide through JH land is helpful!

How do you enter at pt 3! Do you wait for volume to confirm? Can you point me to JH doc that explains entries?

Thanks again.

Thanks to CL as well for the thread!
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The traverse to the other side of the channel after point 3 is entered with correct STOC and MACD parameters in addition to volume.

If these things do not line up, I do not enter, no exceptions.

There are many Hershey traders out there, and entry and exit are not precise, it depends on the trader. For me I have to see everything line up.

Leaving things out will increase the risk.

Best Regards
Oddi
 
lets have a trader contest ... two traders on ET one using

"JACK H" methods against the others "Woody CCI" method

and see who has the best return and least drawdown after a

month ...

:)
 
Quote from SethArb:

lets have a trader contest ... two traders on ET one using

"JACK H" methods against the others "Woody CCI" method

and see who has the best return and least drawdown after a

month ...

:)
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And the purpose of this would be??
 
oh I am curious ... what % of people who trade following other peoples so called " holy grail" methods
make anywhere as much as the "guru"s they follow

:)
 
Quote from SethArb:

oh I am curious ... what % of people who trade following other peoples so called " holy grail" methods
make anywhere as much as the "guru"s they follow

:)
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The method is not a holy grail, I do not recall Jack being a guru. But there are more than enough threads documenting the success of the methods SethArb.

What the hell are you doing out of the option forum anyway??:D

Go home!:D
 
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