POLL for traders who trade the Jack Hershey method(s) in real time with real money

[Harold Balls]

I'm telling you guys, SCT doesnt work. There is nothing to channels and volume never leads price and I do not make 8 times what I used to trading this way and you guys shouldnt even try it. Its a scam. Go back to your own happy worlds where mediocrity reigns supreme

 

[Optionpro007]

Quote from hypostomus:

In the many unhappy years I have been here, SCT Jackmania has cycled like a seasonal, roughly every six months. Admittedly some of the Jacktractors have shut up, usually from sheer frustration, but I know from episodic PMing that many of them are still here. More, I think, than he has seasoned profitable supporters. My objections come from attempting to apply the ass-sorted method-lets to NQ. On its utility for ES, I cannot say. Applied strictly per the canon to NQ, it is nearly worthless. Only the attempt to apply it has been instructive, in a heuristic sort of way.

I am happy to be studying the material as Spydertrader is explaining it.

I believe either way, a lot of what Jack writes about if well founded and has already helped me greatly in what I was already doing.

The discussion of who is right or wrong imo could be based purely of those who can or are willing to think out of the box and those who only want to see backtested "proofs" of what I consider untestable material.

I must admit the premise behind SCT is very appealing to me. I doubt very much many people can get to that resolution level though. I am not sure I will be able to get there, but I know that just trying to learn the material will make me a much better trader in the long run.

Will have a complete report for you in December.

 

[Thunderdog]

Quote from Harold Balls:

I'm telling you guys, SCT doesnt work. There is nothing to channels and volume never leads price and I do not make 8 times what I used to trading this way and you guys shouldnt even try it. Its a scam...

I believe you. You have an honest face. But let's stick to the poll, shall we?

 

[hypostomus]

My apologies to Thunderdog if I am ranting, please ask to have my posts removed, no offense.

007, permit me to give you some ideas to keep in the back of your head as you cruise into the inevitable endgame:

- You think it is untestable because it is largely UNQUANTIFIED. ANYTHING is testable if you have the skill to quantify and write algorithms.

- When you see it work (or not), ask yourself what ELSE was going on that was easily quantifiable: H&S, double tops, round numbers, retraces to high volume position taking, tests of yesterday's/today's HOD/LOD, volume blowouts, excessive price velocity, ad nauseam.

- Keep a one minute chart running and look at it EOD. Do you see things there you don't see in five minute?

- Have you EVER seen any method advocated that took a YEAR to explain? For example, do you think it would take you a YEAR to recognize the four avatars of the C&H formation, which is a money machine?

 

[Optionpro007]

Quote from hypostomus:

My apologies to Thunderdog if I am ranting, please ask to have my posts removed, no offense.

007, permit me to give you some ideas to keep in the back of your head as you cruise into the inevitable endgame:

- You think it is untestable because it is largely UNQUANTIFIED. ANYTHING is testable if you have the skill to quantify and write algorithms.

- When you see it work (or not), ask yourself what ELSE was going on that was easily quantifiable: H&S, double tops, round numbers, retraces to high volume position taking, tests of yesterday's/today's HOD/LOD, volume blowouts, excessive price velocity, ad nauseam.

- Keep a one minute chart running and look at it EOD. Do you see things there you don't see in five minute?

- Have you EVER seen any method advocated that took a YEAR to explain? For example, do you think it would take you a YEAR to recognize the four avatars of the C&H formation, which is a money machine?

I follow you perfectly. But we are talking about two different things.

To keep this scientific poll running smoothly, I will reply to your post in the "unavoidable" thread going on now.

 

[Steve Tvardek]

Well said, I agree with you.

Quote from optionpro007:


The discussion of who is right or wrong imo could be based purely of those who can or are willing to think out of the box and those who only want to see backtested "proofs" of what I consider untestable material.

 

[Optionpro007]

Quote from Steve Tvardek:

Well said, I agree with you.

 

[Harold Balls]

I voted, and, I constantly lose. I tried everything but it just doesnt work. The poll will reflect this. I say lets all just go about our merry ways. SCT will be dead in a few months, Trader666, Trader28 and the rest and their goons will be victorious

Quote from Thunderdog:

I believe you. You have an honest face. But let's stick to the poll, shall we?

 

[achilles28]

One of you geniuses please tell me why Support and Resistance does not work...

Trendlines (and channels) are just Support or Resistance drawn ON AN ANGLE (WOAAAA!!!)

Theories like these are tantamount to heresy!

 

[Harold Balls]

Brave Achilles, SCT is surely a complete scam now!

Quote from achilles28:

One of you geniuses please tell me why Support and Resistance does not work...

Trendlines (and channels) are just Support or Resistance drawn ON AN ANGLE (WOAAAA!!!)

Theories like these are tantamount to heresy!