Jack Hershey?

Mr. Raskolnikov, I use the postulated P-V relation in my own way in the context of support and resistance trading, where it fits in nicely as an indicator of whether or not the potential S or R is holding. But what I do is a far cry from trying to draw sloping lines on volume bars that have a high degree of random content and often erroneous values (typically on the order of ten percent of volume is unreported because the charting algorithms can't calculate it). In an index future the volume at any given time may be totally unrelated to what is happening in the price of the future because of hedging trades in a myriad of other related instruments. Basically what I am saying is that Mr. Hershey has built a theoretical edifice based on hypotheses, not on market reality. That edifice works magnificently under some circumstances where his hypotheses fit, and miserably under others where they don't fit. By the way, this is a fun dialogue. Debating does so help one to clarify one's thoughts. And this is the only place a solitary trader can find someone to debate. Thanks.
 
Mr. Snopes, very nice to hear you have crafted something that works for you, that is the goal of all traders. Have a nice rest of your weekend :)

Quote from Fleming Snopes:

Mr. Raskolnikov, I use the postulated P-V relation in my own way in the context of support and resistance trading, where it fits in nicely as an indicator of whether or not the potential S or R is holding. But what I do is a far cry from trying to draw sloping lines on volume bars that have a high degree of random content and often erroneous values (typically on the order of ten percent of volume is unreported because the charting algorithms can't calculate it). In an index future the volume at any given time may be totally unrelated to what is happening in the price of the future because of hedging trades in a myriad of other related instruments. Basically what I am saying is that Mr. Hershey has built a theoretical edifice based on hypotheses, not on market reality. That edifice works magnificently under some circumstances where his hypotheses fit, and miserably under others where they don't fit. By the way, this is a fun dialogue. Debating does so help one to clarify one's thoughts. And this is the only place a solitary trader can find someone to debate. Thanks.
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Quote from Fleming Snopes:

Would Mr. Hershey's adherents agree with you that he is, as you wrote, "obtuse, obscure, full of shit, egotistical, and not logical?".
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Mr. Hershey's "adherents" are usually the newbie traders who have not yet learned how to trade.

It is amazing how little you grasp of the volumes written in response to Jack's delusions.

Seriously, you are a featherweight.
 
Quote from Fleming Snopes:

Would Mr. Hershey's adherents agree with you that he is, as you wrote, "obtuse, obscure, full of shit, egotistical, and not logical?".
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Mr. Hershey's "adherents" are usually the newbie traders who have not yet learned how to trade.

It is amazing how little you grasp of the volumes written in response to Jack's delusions.

Seriously, you are a featherweight.

Traders put money in the bank. Idiots want to argue the philosophies of a lonely, elderly attention seeker who wanders in and out of ET, pining for attention and dragging newbies into the mud.

You want to argue, get the guru to post verifiable trading results. You want to philosophize, go talk to Ann Landers.
 
Quote from Redneck trader:

FS,

I do like the cut of your jib

Can I make money being “always in the market” – nope (does that mean it can’t be done certainly not)

However when it comes to all matters trading related – I suspend all beliefs, and take up residence in Missouri (although I do try to have an open mind)

Bracketed orders work – until they don’t… as does P/V – but I've never read his posting on this (not saying it doesn’t exist)

And I’ve never seen any risk management editorials (a very important aspect of trading)….

Aside; I wonder if admitting risk management is necessary would put a chink in one’s “armor”

BTW – I think winter has finally arrived Sir :)
RN
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Agree. I've never seen Jack mention about risk management or to the least about position sizing. Regardless of the trader's style like discretionary, quantitative, systematic, esoteric, or other styles, risk management is a definite aspect that comes with trading.

All trades require 3 info...

Data = What you're trading.
Analysis = What direction.(Long, short, etc. etc.)
Risk Management = Quantity. # of shares/contract.
 
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