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

[Thunderdog]

Quote from Steve Tvardek:

Personally, I think these guys have done a great job providing all the info necessary for those interested to see if this is something worth pursueing further. Spend a weekend reading the channels PDFs and then the thread (at least Jan 1-31). If you find value, then commit more and more time to get deeper in. If you dont then you spent a weekend giving it a shot and thats all that was wasted. Thats how it started out for me and 3 months later I am still at it and thrilled that I did take that inital period to read up on things.

I have had a look at some of the "annotated" charts and I am disinclined to look further. I suppose that if I were looking for a trading method I might give it a bit of a closer look, but that is not where things stand right now. Please understand that the thing that most "attracted" me to Jack was his ridiculous performance claims and his preposterously overbearing and condescending nature. I find that as irresistible as a fly is drawn to shit.

I surmise that if you did get anything out of Jack's methods that you did not get it from Jack himself. In any event, your previous blotters in the P&L thread suggest that you are already a competent trader and that you know your way around. Regardless, I'm glad you found some value and that you're doing well.

 

[Joab]

Quote from kiwi_trader:



But I for one have decided that from this day on I will support Jack, Woodie, and anyone else selling their oil,

No disrespect kiwi you know i like you but you still don't get it.

you took woodie too seriously and your taking JH too seriously.

both of these guys (JH especially) are offering you gold bars but your not looking at them with the right perspective

Hint: break them down to their smallest form and ask yourself were does this fit into my fundamental core understanding of the market.

use the pieces not the whole

 

[Thunderdog]

Quote from Spydertrader:

As I posted in another thread, the proof exists. Nobody has withheld anything. I simply have no desire to revisit the same discussion again, and again, and again - each time a different individual requests proof. If proof is what one needs, one simply has to go and find it (as I pointed out in the linked post). It isn't 'hidden away' under lock and key. It isn't difficult to find. In fact, traders post their wins and their losses, so it isn't as if anybody has chosen to present the most optimistic outlook.

Unfortunately, the 'no proof exists' mantra has been repeated so many times, by so many people, it has taken on a life of its own. Thus, proving the old saw, 'Repeat something loud enough, and often enough, and intelligent people begin to think its true.'

Good trading to you.

- Spydertrader

Forgive me, but that hyperlink does not actually attach to performance records, only your prior assertion that they exist. It is not my intention to start herding cats here. Also, by performance, I am not referring to the occasional blotter or chart. I am talking about the performance of every single trade taking over a reasonable length of time, and certainly not less than six months.

Of course, you do not owe it to anyone, just as you do not owe anyone what you have given already. But if you are so clearly giving of yourself and your time in all other aspects of this "pay it forward" endeavor, why the exclusion of the single item that would make a picture truly complete for all to see and acknowledge? Surely it is not a matter of the time required to do so, since the time that you have already devoted is considerable.

As you have included hyperlinks to all of the lessons that new pupils must read, why not have similar hyperlinks to validate the performance claims? Then, people can at least see them and decide for themselves. I have never accused you of "photoshopping" because I, personally, have not seen anything yet. I have only read that they exist. Somewhere.

 

[El OchoCinco]

Thunderdog:

For myself I have read through a lot of Spyder's thread and studied the channels. I did not dive into Gaussians and all the details but just focused on the detail of identifying channels and visualizing major trend, intermediate trend and intra-channel trends as well as failures and breakouts of these channels.

I already trade futures intraday (not major part of my portfolio as nickname implies lol) and the channeling approach and methodology helped improve my trading a lot in just the past 2 weeks I have applied it.

I have not dived into any JH method or followed it closely and some on the thread of been a little nasty about that when I have posted because I still incorporate my candlesticks and pivot points. However I was not looking to adopt a whole new system blindly, just find an improvement to what I was doing.

So I make no comment on any method not do I praise or criticize any side, but the detailed analysis and instructions on applying channels and failures and breakouts was quite useful and worth a read into.

This site is filled with claims from various people and I could care less what others claim. I take what I find useful and apply it to my own trading and dont waste time with the gutter chats.

So my advice is that if you are interested, read the sections that were recommended and take what you find useful and ignore what you find distracting or unsubstantiated.

people here have claimed they have turned $50K into $500K in a year so 3x daily range is just another claim made by people here. Could be true, could be false, but honestly does not matter to me when I am trading.

So the arguments over "claims" made by anonymous posters I never even give the time of day. Bu the detail with which Spyder has outlined even just the channels and trendlines and trade entries/exists was enough for me to adopt for myself.

No I do not do continuous trading as that is not my style so I cannot comment on that. I am just saying that if people ignore the claims and the long rambling posts, then they can simply read the methods and decide if it is something useful or not.

For me, a part of it was very useful.

I am just trying to give an honest opinion without being a devout hershey follower or a strong critic either. I coudl care less either way honestly so I am not trying to give a biased assessment.

 

[Thunderdog]

Quote from jack hershey:

"why make astonishing claims to begin with?"

"astonishing?"

Yes. "Astonishing." Here is the post where, under your Grob109 username, you claimed a consistent 4% to 7% daily performance potential:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1031210#post1031210

And here is where you claimed to regularly make 3 times the daily range in ES:

http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=grob+3x#post912447

Of course, these are your own posts, so you may have to wade through a fair amount of verbosity to find it. But it is there. And, yes, for mortals such as myself, your performance claims are indeed astonishing. Among other things.

 

[Thunderdog]

Optioncoach,

Thanks for your post. I appreciate where you are coming from. However, please understand that I am not looking for a trading method and I do not have any specific issues with Spyder. Rather, I am drawn to a combination of attitude and bullshit, and that path leads squarely to Jack. Since I have already voiced my sentiments regarding Jack Almighty, I just thought it would be interesting to see how many of those people who stuck with his approach prospered. Making some allowances for the poll's reliability and accuracy, some people may find the results useful, or at least interesting.

 

[El OchoCinco]

Thunderdog:

yeah I was not really addressing my post directly to you so I apologize for that. More to those who are mired in the attack Jack mode as opposed to just checking it out and making an independent decision. In other words, with all due respect to Jack, his verbosity and approach and claims make it difficult to listen to so I just went to the heart of the matter to decide for myself.

Even so I am not even using the method as taught, just picked up a nugget or two assist my approach. I follow the rule of study the message not the messenger theory so I tend to tune Jack out lol (no offense). I think Spyder has the right attitude in how to convey information while leaving the superfluous and irrelevant info to the side (i.e. daily profit claims are not relevant since no two people will trade alike anyway nor reach same profit goals).

Anyway,,,,, as you were

Quote from Thunderdog:

Optioncoach,

Thanks for your post. I appreciate where you are coming from. However, please understand that I am not looking for a trading method and I do not have any specific issues with Spyder. Rather, I am drawn to a combination of attitude and bullshit, and that leads me squarely to Jack. Since I have already voiced my sentiments regarding Jack Almighty, I just thought it would be interesting to see how many of those people who stuck with his approach prospered. Making some allowances for the poll's reliability and accuracy, some people may find the results useful, or at least interesting.

 

[hypostomus]

I repeat, would anyone care to comment on their experiences TRADING SCT?

 

[jack hershey]

Quote from Thunderdog:

Yes. "Astonishing." Here is the post where, under your Grob109 username, you claimed a consistent 4% to 7% daily performance potential:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1031210#post1031210

And here is where you claimed to regularly make 3 times the daily range in ES:

http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=grob+3x#post912447

Of course, these are your own posts, so you may have to wade through a fair amount of verbosity to find it. But it is there. And, yes, for mortals such as myself, your performance claims are indeed astonishing. Among other things.

I am not doing anything astonishing.

"astonishing" is an expression you assign to what I do.

I am not astonished at the phone calls and prints of the persons who are trading as I do. They are not astonished by their prints nor the numbers we talk about on the phone.

We have been phoning for years in many cases.

If I see numbers on a print that are bigger than the numbers posted in the P and L thread here, I am not astonished nor is the person who made the numbers.

"astonish" is so corny and such a humorous chioce of words on your part.

If you look at the how price moves during the day and comprehend that that price movement is available for profiting from, then you can get out the thesorous (sp) and or something and chose proper words.

I am beginning to think that you are not seeing the markets and price movement.

I use the "crayola" test all the way up to crayola 201 to suggest that even a child can take a chart handed to her by her daddy and make zig zags on a chart. These zig zags greatly exceed the daily high low range by much more than 3 times.

You have seen limiting values on sophisticated testing of all sorts. These results suggest 7x the high low range.

We all know that for some reasons you have adopted a contrarian orientation.

Can you at least consider what the market is offering as a possible standard of performance for anyone's trading? NO. The answer is NO. We all know that by now.

It is there.

It is available.

Many methods take it out of the market.

Combinations of profitable methods can be used to take it out of the market.

We take all the contrarian trades but on a profitable side. They are only part of the day. We take all the other trades available during the day.

Try to think about the trap you have chosed to be in.

 

[jack hershey]

Quote from hypostomus:

I repeat, would anyone care to comment on their experiences TRADING SCT?

Would anyone be willing to comment on their searches of people who have commented on their experiences trading SCT.

Help this guy out.

He has not seen anyone commenting on their experiences.

There is a poll somewhere in ET on jack's methods. Probably no one responded there as to their success or failure.

There are only four journals running on the subject and they cover several years.