Jack Hershey Method Since 2008

[Trend Following]

Quote from jack hershey:

Neither Covel nor Schwager know any of this.

That is because your this is not real. Some comparison conversation.

 

[TIKITRADER]

and begin...

12:35 pt 1
pt1@ 12:35 pt2@12:50 pt3@13:15 ftt13:50
13:50 pt 2
pt1@14:05 pt2@14:10 pt3@14:15 ftt14:30
14:35 pt 3
pt1@14:35 pt2@15:05 pt3:15:10 ftt15:45VE

cool Jack... cool

 

[icarus618]

Quote from Trend Following:

* * * Some comparison conversation.

Do either of you actually trade? I stopped listening after 21 insipid minutes.

 

[icarus618]

Quote from TIKITRADER:

and begin...

12:35 pt 1
pt1@ 12:35 pt2@12:50 pt3@13:15 ftt13:50
13:50 pt 2
pt1@14:05 pt2@14:10 pt3@14:15 ftt14:30
14:35 pt 3
pt1@14:35 pt2@15:05 pt3:15:10 ftt15:45VE

cool Jack... cool

Begin what? Your post is stamped 16:38. Maybe you meant "Looking back..."?

 

[TIKITRADER]

Quote from icarus618:

Begin what? Your post is stamped 16:38. Maybe you meant "Looking back..."?

I musts been hypnotoosed.
It was a perfect hindsight trade until you told me it was after the fact .

Yes the post is a lookback... was referring to some containers starting or beginning at the time it picks up on the first container, and continues forward marking new containers on through toward end of session.

 

[icarus618]

Quote from TIKITRADER:

I musts been hypnotoosed.
It was a perfect hindsight trade until you told me it was after the fact .

Yes the post is a lookback... was referring to some containers starting or beginning at the time it picks up on the first container, and continues forward marking new containers on through toward end of session.

My bad. I didn't realize you are still at the stage of being impressed drawing hindsight containers. SMH

 

[TIKITRADER]

Quote from icarus618:

My bad. I didn't realize you are still at the stage of being impressed drawing hindsight containers. SMH

The post was a lighthearted poke at a previous post.

 

[Paddler]

Quote from icarus618:

My bad. I didn't realize you are still at the stage of being impressed drawing hindsight containers. SMH

LOL. May be trying to draw on an OTR chart will break the habit.

 

[TIKITRADER]

Quote from bwolinsky:

Send them to me in yousendit, and I'll compile them.

Ezzy has done this a few times successfully. It will be appreciated if you can put them up.

 

[Paddler]

Quote from jack hershey:
....
So a wash trade is done by entering at any time. Hold if you are making money and exit any time in that interval. As time passes pick harder entries from which to exit. This is taking "any time" out of the picture.

If the above is how you tell newbies to execute wash trades, I am very disappointed, Jack. You have made it sounds like rolling a die. What are the context? If you want to support them, do a proper job!

Look only at volume to do wash trades.

Only make up a hypothsis set for doing this with volume as the independent variable. you need two HS's.

ultimately you learn to enter when continuation begins in volume.

Pick either volume trough to begin. exit at the next peak. Use the second color (after the trough color) as the money making color.

The first "W" trough begins a BO of the old trend of the dominant

The second "W" trough begins the trip of the last dominant move of the trend.

Neither Covel nor Schwager know any of this.

Put the pieces together. Congratulations.

I know what you are writing about. But do you expect a newbie to know?

Use volume to do wash trades? A newbie is expected to look at price bars and nothing else to drill on wash trade. The trade can be either long or short with no biases. What about do a more challenging wash trade when market opens or news announces? See whether price will come back.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3532904