Jack Hershey Method Since 2008

Quote from frenchfry:

Hi Jack,

don't know if you are still willing and able...

To make things more visual, at least for me, I will try to put your trades on my charts. The note that you scanned in for the trades between June 19th and 21st is not only in low quality but your handwriting is... "challenging".

On your scan I marked everything that is not clear and numbered it (please see attached file) so that it is easier for you to refer to those areas in your reply.

To make it even easier here are the numbered questions again:

1. Probably not important!?
2. Does it say "sentiment" or "entry"?
3. Does that mean "long"?
4. Does it mean "short"?
5. Does it mean "short"?
6. Can't recognize what you wrote.
7. What is the comment next to bar 81?
8. Is it bar "48", "49" or "489"?
9. Is that bar 73 or 78?

Thanks.

Run away while you still can, before it's too late.......
 
Quote from jack hershey:

At that time there was a question of whether indicators worked.

Scott posted a display

I annotated it correctly.

Then Scott and I engaged in starteing to put together the building blocks.

I posted the intial flow sheet to establish when signals could be read and when they could not. This was the initial position/intraday trading level. Level I.

We agreed on a systematic way to communicate using e-mails and the telephone. It involved, text, logic flow sheets, displays of charts and an Excel record keeping system to keep track of degrees of freedom and the logic relationships of the degrees of freedom (a generation breakdown).

I did post the four principles involved in this type of finite math work. It was deleted almost immediately by a moderator. At that point our team of four participants went underground using e-mails and phone calls.

Levels II through VI built on the deleted principles post.

Three two-line indicators were used for this intraday trading approach. Not much is published on the two-line indicator utility nor is there much published on how to integrate an interlocking set of three two-line indicators.

Wealth Lab is an incomplete system of snippets and tools. I discussed their coding system with them at exhibits, etc.. Fidelity is a sales oriented outfit mostly. It centers specifically on a CW oriented audience. This means and entry/exit orientation is the only approach that can be used in Fidelity and its products.

I notice your sales and marketing efforts here on ET are in parallel to Fidelity's.

Several years ago I made several suggestions to you to ease your transition away from the CW and toward the use of science and reason. Among other things I suggested that you make use of Bloxs (Worden Bros) to do a drag and drop of the level I of the Cash Cow and to do a useful logic set for the PVT one pager. This was to acquaint you with the Sharpe Ratios that systems built using science and reason have.

Your periodic review of an entry/exit version of something you found in ET that uses hold/reversal (Cash Cow, for you, is only a pre/post comparison of your entry/exit fidelity based snippets system that, as you say, makes no money and does not trade on an position or intraday trading basis.

To cut to the chase, the best thing you could do is code up the PVT one pager. Use a Universe that meets the prescribed criteria.

Neither Worden nor Fidelity has the capability to construct Universes. Today, anyone can go to any number of webb sites and with a few strokes get a Universe that is in an order related to "scoring". By using an Excel spread sheet a "hot List may be sorted out that tells you which stocks WILL BE going from 1 to 0 to 7.

By monitoring you have from the end of the DU to FRV transition in volume, a price count down that gives you 1 and 1/2 hours before price begins to move. This is plenty of time for even the slowest of students to be able to "get into" a hold to be able to make 50% of the 20% price volatility of any Universe listed stock.

The annualized results are found by calculating an exponent of the number of turns capital does per year. Use 240 for trading days and use 4 to 6 for the duration of trades (an average of 4 to 6 is 5). The profit per segment is as explained: 50% of 20%.

To get the multiple of initial capital to final capital, use 1 as intial capital and plug in the two values dictated above.

Use this integer result to find out what your inital capital grows to in a year. Do as many years as you wish individually. The final capital of a prior year becomes the intial capital of the next year.

To analyze a year. Make 52 Universes, one for each week. Use the software from the one pager to trade a given amount of inital capital. Do 5 to 10 years. Then find that the numbers you initially calculated have a statisitically significant connection to the test results.

At present, there is no data result on ET for this approach to trading except for one performance result I posted. The hold was 6.6 or 8.8 days (I can't remember which) and the profit per turn was 11.1% The ATS used was on a floppy disk and it originated in Sunnyvale, CA. The author stopped working and mostly travelled to trade and bird watch; he used a satelite feed.

Which confirms what I thougt at the time and explains a lot. Scottd had an in with you and three other people, they see your secrets, code it up, get to CW, then the rest of the levels are deleted.

Whatever information was in the posts to Scottd and especially deleted info makes it nearly impossible to figure out anything about your systems.

While I scanned for quantitative logic, you should know that I do optimize for sharpe ratios.

Last month, VAMI went from 1,000 in January to 2,800 by June.

The sharpe ratio I had during the time of that period was 15, and sortino was 19. Unfortunately that performance was unsustainable and coupled with the fact it's impossible to remove slippage even with a good broker now that the systems are resting in an area where they are the first tick of the bar it's been 4% per day since Monday last week, or about 50% per week.

On your system, Jack, if you still have the materials you shared with those individuals, please send them to bwolinsky@kccapitalmanagement.com, and please know I'd only be interested in posting results, not code. The only reason I shared code last time was so people could duplicate my results using the ASCII data file I exported from Wealth Lab, and compare them with the easylanguage cash cow.

I don't know where you get the volume data for .SPX, but so much of the reason nobody believes you is because there are so few elitetraders that even bother with them. It's no wonder nobody believes you because that symbol is somewhat mysterious and the reason every ES 1 tick dumbass that thought your ATM is publicly available will just have to sit back and see if I really do ever progress beyond what's there. At this point it is impossible to progress because there is no information defined quantitatively succinctly enough to code since it has been deleted.

I could help with this, but until I have the information I need, including pseudo code, there is no way for anybody to engage in this conversation about how to progress forward because the information doesn't exist anywhere I can get to it, probably with good reason.

The idea that anybody could possibly have higher sharpes and sortinos than I had in May is laughable, and while I like the system Cash Cow, your PVT comments <b><u><i>never</b></u></i> define any of the values you're asking, making them just as unknowable as me telling you to recite <i>IQ and Income</i> without ever having seen the document.

This is what gets me so annoyed that if this information is so important to you that you want to share it, please do.

At this point, let me define what I need:

1) I have no definitions of PVT sufficient enough to create variables, inputs, or anything resembling a logical, robust system.
2) It is not clear why a bloxed parallelogram indicates market direction, and until it's backtested, it probably doesn't work very well.
3) Had I been privy to any of this information my responses would have been less harsh and probably more supportive, but if you don't get that this information you're asking me to duplicate to profit from the markets is not in any place accessible to me, can't you see why the student knows the teacher isn't really teaching?
 
Quote from jack hershey:

.....

I cannot understand your construct. That happens.

....
I'm not gong to be able anymore to carry on conversations in ET. I can't count on being available anymore. Sorry.

I had referred to this table:
http://screencast.com/t/z7LkBeLjfE5

TYVM for your answer! Sorry should have posted the graphic with my construct, of course...

Best,
Vienna
 
Quote from Vienna:

I had referred to this table:
http://screencast.com/t/z7LkBeLjfE5

TYVM for your answer! Sorry should have posted the graphic with my construct, of course...

Best,
Vienna

Helpful.

It seems to assume your position happened on the next bar?

What codes have you used to draw those trendlines and is it a function of slope in the linear regressions of the highs and lows?
 
Quote from bwolinsky:

Helpful.

It seems to assume your position happened on the next bar?

What codes have you used to draw those trendlines and is it a function of slope in the linear regressions of the highs and lows?

If we are looking at the same graphics, then I think you are misinterpreting it.

These are the ten possible bar combinations you can have and how you would draw the RTL and LTL. Those lines were drawn manually. It doesn't say anything about "...position...". Have a look at what Jack wrote about those 10 cases a few posts above.

If you are looking for "...codes... slope... linear regressions..." then search for post from "Tums". He coded an indicator which draws those lines automatically.
 
Quote from bwolinsky:

Helpful.

It seems to assume your position happened on the next bar?

What codes have you used to draw those trendlines and is it a function of slope in the linear regressions of the highs and lows?

from Tums

attachment.php
 
Greetings Gentle Hersheybeings! Ruhula and the crowd here at the Mumbai Excellent Chai Shoppe and Daytrading Boutique! Moreings and moreings, we are finding that the traders here are given down on the Hershey methoding, and be seeking something newly. Being conditioned to the Hershey, they crave the delight of confusingness, so we have at great expensing commissioned the famed softwear expert Professor Joseph Doaks from the Mexian province Tejassa to decreate a new systeming of the daytrading for them. A screen shooting may be opened below for your delightment. One cautioning in search of truth. The voluminous charting is only for the comforting of those in the needing of it. The systemings are not in the using of it.
 

Attachments

Quote from frenchfry:

Hi Jack,

don't know if you are still willing and able...

To make things more visual, at least for me, I will try to put your trades on my charts. The note that you scanned in for the trades between June 19th and 21st is not only in low quality but your handwriting is... "challenging".

On your scan I marked everything that is not clear and numbered it (please see attached file) so that it is easier for you to refer to those areas in your reply.

To make it even easier here are the numbered questions again:

1. Probably not important!? profit taking
2. Does it say "sentiment" or "entry"? Enter
3. Does that mean "long"? yes
4. Does it mean "short"? yes
5. Does it mean "short"? yes
6. Can't recognize what you wrote. 31 reset short
7. What is the comment next to bar 81? vitual as prep
8. Is it bar "48", "49" or "489"? 49, 8 is crossed out
9. Is that bar 73 or 78? 73

Thanks.

I always exit on or before bar 78. The reason is that margin changes and I have my linked in set at 94%. the extra non traded 6% is for bar volatility (trend volatility actually)

You can always tell long from short since long has a pencil mark below the witing line of the tablet. I am very oriented to Tofte and how he sees representations.

I use "cheat sheets" as landscape sheets in a 3 ring binder. there are six of them. the "hate to risk" graphic shows a hold. Hate to risk, the person, has emotional feelings during hold. These spontaneous feelings are telling him a bout his need to "survive". They say "suvive by not being at risk. Note his name for perpetuating his difficulty. That is why I chose jack hershey as my name. I always know that I know jack hershey.

I have flipped through the cheat sheets to some extent for each "profit taking" bar entry. River wanted to learn how to do the trades listed. So I suggested he begin with the shortest trades. In the above mentioned illustration, I showed 7 "quickies". These are all seen on page one of my cheat sheets.

If you look at the illustration I gave hate to risk, you can see just how the other pages are drawn out as encriptions of the market's operation.

Originally, I had thought I would be on the record in real time. this meant that I could be sited by anyone where they could thoroughly examine my imperfections and thoroughly report them to the public. I was unable to get the arranger to understand what I told him. these questions of your are very cool because you need the answers to be able to keep track of each subsequent trade. The chart was used in the form it has to make clear how the concept "relative data base" really works.

In trading, there is no mystery as to why so many people fail. as you look at hate to risk, he explains how he makes money and how he feels as thsi money making occurs. He adopted a bar by bar analysis. But he has yet to examine the system of analysis that his effort represents.

The Paltalk arranger frightened us all by posting a chart. He did not even understand that I would be on Paltalk explaining something that was NOT even on his charts. He also thought I would call the whole day and then answer questions. after RTH.

There is this huge mismatch of me and those who read me or trade looking at a platform we have influenced greatly (TN). The last time I let Larson's crew look at my screen, they asked if they could change it to a Bollinger display so they could work on the transmission problem.

you can see this thread is a big miscommunication for several other reasons, some quite humorous others the bleak reality of the integrity of the finacnial industry. This Depression is going to be really really tough on the average Joe out there.

Well here we are on the 11th. A lot of data points since the open on the 19th.

I am settling for the data I have trransmitted in ET as a proof. As meagre as it is, I did call the open on 5 consecutive days. It looks like the CW can't "get it" on the open even. Thanks to those who explained to me I was wrong in making the money I did on each open.

I just looked at my original where I added several days of trades. There are two pairs of identical trades (day-bar):

20-49 and 25-30

and

22-59 and 25- 10

There definitely are others but my memory, where they came from, is not that swift.

Sorry I was sooo slow to respond.
 
Quote from jack hershey:

.........
I am settling for the data I have trransmitted in ET as a proof. As meagre as it is, I did call the open on 5 consecutive days. It looks like the CW can't "get it" on the open even. Thanks to those who explained to me I was wrong in making the money I did on each open.
...........

Hi Jack,

There was no proof of how you trade. Just few calls. The one I saw was wrong, you later said that you reversed after the open on bar 5 or 6.

As always, too much smoke and mirrors, and not a single full day of live trading from you or Spyder, despite all your countless contributions to this forum.

Regards,
redduke
 
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