Jack Hershey's Methodologies (SCT & PVT)-Good Bad or Ugly

[New2thegame]

Jack,

Would you be so kind as to allow me to fly out and watch you trade for an hour or two? I'd be happy to buy dinner for your trouble.

You've made it clear there are no secrets in trading, so I hope I might convince you to allow me the opportunity.

If I see you do what you say you can do, I will be your biggest advocate. That's a promise.

This is a serious request by the way.

thanks for your consideration.

 

[nkhoi]

Quote from sappjason:

Oh boy oh boy oh boy....... I'm sorry nk.. I really am...... PM me, if you'd like help getting yourself out of their clutches..... I'll give you some more scoop.....

thanks but I have verified it myself by teaching others and one is making a living out of it so yes it works not at jacks or spyders level mind you, but hey it sures beat working at some fast food joints.

 

[coolweb]

Quote from sappjason:

Jack,
I've been mulling our discussion over for the past day or so. Hence my delay in posting.....

I must admit that I'm a little disappointed that I failed the negotiations with Todd. Not too disappointed though. Well.... Come to think of it. Actually a little glad....
Anyway, Jack. I think you get my point. Let's both say those words together again (kind-a in a Kumbaya fashion). Trust! Integrity! Respect!

Tell ya what. I'm going to go get a nice big glass of ice water and while drinking it, I'll be thinking of you Jack. Thanking you.


Jason

man
I really enjoy this site, The people on this site are all quite educated with a sharp wit writing up the funniest shit every now and then
Better entertainment then any book I've ever read.
everyday when i'm on the market waiting doing jackshit, if i need a good laugh , I just come to ET.

best site eva

 

[coolweb]

Quote from nkhoi:

thanks but I have verified it myself by teaching others and one is making a living out of it so yes it works not at jacks or spyders level mind you, but hey it sures beat working at some fast food joints.

How about posting one real time trade out of your 50 FTT's, i'm sure that will shut everybody up..
ES journal is sitting right there waiting for you man.

Even if I don't trade ES (bad profit margins) , but I can post up 1 real time ES trade vs your 1 real time ES trade
we can see which actually goes profitable.

 

[nkhoi]

I have nothing to prove, just making chit chat with jason thats all.
trading dual is not my forte (what if i lose?) I am more like Q&A guy, but Mr Black seems having no problem with posting his trade you may want to pm him.

 

[coolweb]

Quote from nkhoi:

I have nothing to prove, just making chit chat with jason thats all.

I'm just wondering how the dood managed to hypontize all these people who never posts real time trades at least once.
Dood can be one of those money preachers, he'll make a lot more money.

"PRAY TO THE MONEY GOD to make more money!"

jack hershey, you should change professions, your talent of hypnosis can be utilized effectively elsewhere. not shittin you, those money preachers made at least 100+ million per year last I heard.

 

[coolweb]

nkhoi,
When you mentioned mr_black posting real time hershey trades , It perked my interest.
I personally went to
***traders***laboratory.com/forums/208/reading-charts-real-time-6151-412.htm
and went through all of mr_black's posts.




heres what I immediately noticed:

-------------


1) Mr_black's strategy is HH/ LH , short on LH , long on HL
I can pesonally tell you, that strategy does NOT work in the long run.
This is a breakeven strategy at BEST
Loser strategy in the LONG RUN after you factor in commissions and fuckups.
Its not even some hershey method with those FTT bullshit.



2) I went through about 10 of his trades
2 trades profit
2 trades stopped out
and 6 trades "delayed scalp" SCREENSHOT posted trades.

don't give me screenshot bullshit.
If you are able to post a regular trade,
you are able to post a 20 minute scalpe trade.
This screenshot bullshit points out the obvious.
What kind of real trader has the time to SCREENSHOT AND ANNOTATE THEIR TRADES?
I sure don't.

<b>
Why are all hershey traders MASTERS of screenshot posting and ANNOTATION for godsakes. Did all of them take photoshop classes?
</b>




3) Trading on MR_blacks strategy, sometimes work, and sometimes don't,
in reality, shit is almost like roulette, 50/50 RED BLACK

How the do I know this?
Cause I traded that strategy a long time ago,
HL for longs, LH for shorts
only work in CONTEXT
Mr_black trades them regardless of context which is WRONG.


4) 1 contract YM

Its fine for testing, but it should be obvious..
mr_black is in test mode himself.

 

[sappjason]

Hey Coolweb,
I'm glad I gave you a good laugh. I had a lot of fun writing it as well. Kind-a chuckling to myself every so often, while I typed.....


Jason

Quote from coolweb:

man
I really enjoy this site, The people on this site are all quite educated with a sharp wit writing up the funniest shit every now and then
Better entertainment then any book I've ever read.
everyday when i'm on the market waiting doing jackshit, if i need a good laugh , I just come to ET.

best site eva

 

[nkhoi]

Quote from coolweb:




.......

1) Mr_black's strategy is HH/ LH , short on LH , long on HL
I can pesonally tell you, that strategy does NOT work in the long run.
This is a breakeven strategy at BEST
Loser strategy in the LONG RUN after you factor in commissions and fuckups.
Its not even some hershey method with those FTT bullshit.

...
This screenshot bullshit points out the obvious.
What kind of real trader has the time to SCREENSHOT AND ANNOTATE THEIR TRADES?
I sure don't.

<b>
Why are all hershey traders MASTERS of screenshot posting and ANNOTATION for godsakes. Did all of them take photoshop classes?
</b>


....

Its fine for testing, but it should be obvious..
mr_black is in test mode himself. [/B]

-then you have verified it to yourself that the method didn't work, which is absoluterly fine with me.

-you are not the first one wonder about channels drawing

Steve Tvardek wrote on 01-27-07 07:17 PM:
Cool experiment, makes me a little more confident that all the time and effort may pay off. I just dont understand how these guys can trade so actively and be able to draw in all the channels in realtime. Seems like a lot of work when time is of the essense! I'm sure it gets much easier w/ practice though.

and much later...

09-03-05 03:23 PM

This thread has been a great help to me already. Ive been only halfassedly doing the channels and guassians up till now. The simple act of doing these daily, continually, automatically, has an effect that is not apparent at first. Its kind of like doing something you dont understand on faith and then finding that your faith is well founded.

 

[sappjason]

And your point here is????????

Quote from nkhoi:

-then you have verified it to yourself that the method didn't work, which is absoluterly fine with me.

-you are not the first one wonder about channels drawing



and much later...