Jack Hershey Method Since 2008

[Brass]

Quote from jack hershey:

FYI

How much of an ROI you get on capital is based upon taking the full offer of the market. For the Es and similar commodities it is 3 to 5 times the daily range. The daily range means the high of the day minus the low of the day. Most people make the money as the profit segments unfold...

Whereas you had previously claimed being able to make three times the daily range, you are now up to five times that amount. How splendid for you.

Mr. Hershey, you are, have been, and will continue to be, a joker without peer.

Educators seek to simplify. Assholes and would-be "mystics" seek to confound and confuse. Educators seek brevity. Assholes and would-be "mystics" seek convolution and length. Which do you consider yourself to be? (Hint: very few educators feel the need, and go out of their way, to make the subject matter unnecessarily challenging and intentionally inaccessible. After all, why expalin in 50 words what can be obfuscated in 5,000, thereby calling upon the inner cryptographer of your devout followers?)

As an aside, have you settled in comfortably since relocating to Earth? Are your flowing robes still getting caught in the door?

 

[baro-san]

Quote from Paddler:

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!


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

Disgruntled anonymous?

 

[jack hershey]

Quote from Brass:

Whereas you had previously claimed being able to make three times the daily range, you are now up to five times that amount. How splendid for you.

sorry I misled you. My topic was the full offer of the market. the context for getting what the full offer is, is the sum of the wiggles in the market. A wiggle is a potential profit segment.

As far as making the full offer of the market, it is like approaching an asymptote. During the day the potential amount to be made increases. as you trade your profits increase.

Having convergence is a good goal.

Mr. Hershey, you are, have been, and will continue to be, a joker without peer.

Educators seek to simplify. Assholes and would-be "mystics" seek to confound and confuse. Educators seek brevity. Assholes and would-be "mystics" seek convolution and length. Which do you consider yourself to be? (Hint: very few educators feel the need, and go out of their way, to make the subject matter unnecessarily challenging and intentionally inaccessible. After all, why expalin in 50 words what can be obfuscated in 5,000, thereby calling upon the inner cryptographer of your devout followers?)

As you may have read I do not believe teaching works. At best a person can support another person's learning. It is true that my theory of learning has been accepted by some in the field of psychiatry. I keep my focus on neuroscience.

I think a lot of people have labelled me as an asshole. It matters not to me. I am old and not important at all.

Your knowledge and understanding of the pedogodgy of education is typical and conventional. Stay with it it has become a very safe unproductive space.

As an aside, have you settled in comfortably since relocating to Earth? Are your flowing robes still getting caught in the door?

 

[jack hershey]

Quote from Paddler:

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!

I was making the point that doing wash trades is not done in a context.

You can probably find some posts that suggest midday as a beginning context. I do suggest that as a first place to start for those that are more uncertain than others.

This suggests that the person's contextual makeup is significant. Well it is very significant.

Any beginning person is, as you point out, very ignorant and has the least chance of graping any concept.

The space between making money and losing money is a good place to consider. I believe that at any time, a person can draw a horizontal line. If he does, then he has at least a small reference that could make everything else relative.

Sometimes, it is nice to just get your feet wet rather than swimming the English Channel. Even if a person needs to swim the channel it is a good idea to have a boat alongside with a compass and tide table.

I am suggesting that a person can float across the channel if he gets used to floating properly.




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

as with anything it is good to reconsider once in a while

Use volume to do wash trades? A newbie is expected to look at price bars and nothing else to drill on wash trade.

you are speaking of your traders. Not my traders. I fully agree that your traders can do as they wish or as you wish. Please do not confuse your traders and your knowledge with my traders and the knowledge I am imparting to them

The trade can be either long or short with no biases.

Maybe. Maybe not. Wash trades are buy, then sell to obtain nothing. This is a mental process to allow feelings to become modifyable.

The beginning feelings are the CW ones. CW in trading is a collection of how it is to not understand how markets work at all. the myths abound.

A wash trade may engender fear for a while; BUT thankfully, this is just temporary and will never be part of trading in the future.

As Behavioral Finance principles point out, iterative refinement of practices, cures all emotional and trading (knowledge and skills) ills.


What about do a more challenging wash trade when market opens or news announces?

Here you point out that you do not know my purpose of wash trades and, further, you replace it with the purose your traders might do wash trades.

I am replacing fear, anxiety and anger with support, comfort and confidence. As explained I am doing the things an asshole does.

Reread the nodoji threads and see where the trading limit exists. then do not replace it with something you invent. just stay in the place where nodoji gets to and better understand the wall Donna cannot surmount.

I often suggest that people stay at various contract levels to get used to making money at a given level. the reason I do is similar to keeping divers from getting the bends on the way up. For a person to keep exacting their learned knowledge and skills in trading, it is not a good idea to thoughtlessly introduce hazards. Lack of familiearity in a space brings with it new things. Newness in trading is a hazard.

See whether price will come back.

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

Thank you for going out on a limb that is not worth breaking the end off and falling to the groundfor. I hope you just enjoyed my damgling. Stick with climbing the trunk moreso. It is a good way to get to the top of the tree.

I do not expect anyone to understand what is going on in the market when they do my drills my way. what I expect is the person to wake up the next morniong and say AHA or aha or have a religious experience. all of these things come from putting the mind through repeated experiences.

The mind, while you are sleeping, then get the spectrum of it differentiation built so you, when awake, can follow the lead your mind creates for you to follow.

All of trading is a yes/no deal. the yes/no is done automatically by the mind. both the market and the mind can be in full synchronicity if you get out of the way.

A fully differentiated mind appears to be the mind of an asshole to those who have their heads up thier asses. in this thread we got to read the posted thoughts of a person with his head up his ass. He cannot ever do the first drill he needs to do.

Naturally, I feel cool about this. not so much because he is totally fuckd but more because I do not have to deal with him in my space anymore. He is simply exhausted and spent.

 

[TIKITRADER]

Jack,

I use walls to correlate with sequential OOE's
Some hold because they must. It is what shapes the OOE and defines necessary points.
Others get breached and topple when all is satisfied and 2 trends mesh.
Is this on mark ?

It works well for me.

 

[Paddler]

Quote from baro-san:

Disgruntled anonymous?

Disgruntled? No, LOL. You should ask T28 or Ocean5 instead.

I am profitable with JHM, conservatively more than 1x ATR per contract day-in day-out part-time while busy chatting with pals and surfing.

I know you do not have the brain to understand. Nevermind.

Don't waste your time to ask me to prove to you. I won't.

 

[Paddler]

I would suggest to beginners NOT to practise the original nor modified wash trade drill. A non-swimmer should learn to swim in a pool with an instructor teaching and watching (not moral support when he is free). Never try swimming across English Channel in a cage. It is very misleading and harmful to think that price will come back to the entry point even during very low pace period. Don't turn into another clone of T28. Your time is of better use.

 

[baro-san]

Quote from Paddler:

Disgruntled? No, LOL. You should ask T28 or Ocean5 instead.

I am profitable with JHM, conservatively more than 1x ATR per contract day-in day-out part-time while busy chatting with pals and surfing.

I know you do not have the brain to understand. Nevermind.

Don't waste your time to ask me to prove to you. I won't.

With your next screen name talk less if you want your pretenses to not be uncovered.

 

[RedDuke]

I personalty use concept of the wall, albeit in a unique way.

However, to this day, and it has been around 6 years, since I first heard about SCT, I have not seen a single person trade it live.

Jack and Spyder spent countless hours and days explaining and teaching, but never even once they did it live for even 1 day. Even during some gathering in Tuscon 4 or more years ago, no live trading was done.

I understand that no one owes anything in regards to a free system being shared, but even few days of live trading would give undeniable proof that the system actually works, and that someone does not waste 1 or 2 years on learning something unusable.

I have seen many replies, that it has been traded live, but they were just replies.

 

[bundlemaker]

Quote from RedDuke:

I personalty use concept of the wall, albeit in a unique way.

However, to this day, and it has been around 6 years, since I first heard about SCT, I have not seen a single person trade it live.

Jack and Spyder spent countless hours and days explaining and teaching, but never even once they did it live for even 1 day. Even during some gathering in Tuscon 4 or more years ago, no live trading was done.

I understand that no one owes anything in regards to a free system being shared, but even few days of live trading would give undeniable proof that the system actually works, and that someone does not waste 1 or 2 years on learning something unusable.

I have seen many replies, that it has been traded live, but they were just replies.

Reduke nailed it. I was with Jack about 5 years ago with a small group in Tucson. The final day of the "training" was supposed to be Jack trading live. The only thing he did was sort of talk through what he was seeing on the chart. Never even made an attempt at stating where specific entries and exits would/should be.