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

[marketsurfer]

Quote from hypostomus:

Gunder. Don't let the obfuscation and the method distract you from setting 3X as YOUR goal. IMO, the narrower the daily range, the easier it is to achieve that. For example, as I write, the NQ range is 9.5 points. I took 5 out in a no-brainer, and if I felt like taking riskier trades I might have made about 8 more in 2 more trades. So open your eyes and think about how you can do what they claim to do.

with all due respect, hypo. this makes absolutely no sense--the tighter the range, the easier it is to achieve 3 X daily range---this is a bizzare claim, that has no basis in reality.

regards, surf

 

[hypostomus]

Well, of course not. But if you read Jack carefully going way back, he seemed to be referring to being able to get out of a bad trade with no loss because his entry was so good that he could tell it was going bad before it retraced to his entry. I do that ocassionally (well, fuck, rarely) but you should set that as a goal. However, SCT as it is evolving in Spydie's thread is not showing you how to do that, as the ambiguity of the identification of FTT's, for example, leads to losses. One of the things I object to so far is the lack (I think) of the identification of a stop loss. Do not confuse this post as support for Jack or SCT. I still think it is a train wreck in progress, though Dougcs has done commendably well with real money.

 

[hypostomus]

Well, shit, 'Surfer, I am a well-known idiot, what can I say? I personally find it easier to trade narrow range days. I take the quick profit and don't lose ground holding for the oft-ephemeral hoped-for gains in a wide range day that doesn't materialize. The latter being my major failing as an NQ trader, yesterday morning being a prime example. Take the fucking five points, I say.

 

[Joab]

Quote from gunder12:

Jack and his cabana boy Spy will never do that, because lets face it, does anyone really believe they can deliver 3 times the daily range without ever a single loss?

Of course not, the pseudo language is a deliberate device to hide the truth...

they cant deliver

I guess you better get your money back then because you've obviously paid too much for their scam....

Moron

 

[marketsurfer]

Quote from hypostomus:

Well, of course not. But if you read Jack carefully going way back, he seemed to be referring to being able to get out of a bad trade with no loss because his entry was so good that he could tell it was going bad before it retraced to his entry. I do that ocassionally (well, fuck, rarely) but you should set that as a goal. However, SCT as it is evolving in Spydie's thread is not showing you how to do that, as the ambiguity of the identification of FTT's, for example, leads to losses. One of the things I object to so far is the lack (I think) of the identification of a stop loss. Do not confuse this post as support for Jack or SCT. I still think it is a train wreck in progress, though Dougcs has done commendably well with real money.

ok, excellent. thanks for the clarification. not knowing jacks background, the perfect entry comment, tells me all i need to know---i see its truly more fantastic than M Jack-son's neverland.

surf

 

[hypostomus]

Oh, come on! You know there are some "perfect entries". I mean, surely you have read Justin Mamis' "The Nature of Risk"? "Minimum risk occurs when there is maximum uncertainty." Somebody here, the fucking idiot, talked about the setup where price exceeds the HOD or LOD by one tick. Should never talk here about shit that works. Guaranteed to make it quit working.

 

[Tums]

Quote from hypostomus:

Well, of course not. But if you read Jack carefully going way back, he seemed to be referring to being able to get out of a bad trade with no loss because his entry was so good that he could tell it was going bad before it retraced to his entry. I do that ocassionally (well, fuck, rarely) but you should set that as a goal. However, SCT as it is evolving in Spydie's thread is not showing you how to do that, as the ambiguity of the identification of FTT's, for example, leads to losses. One of the things I object to so far is the lack (I think) of the identification of a stop loss. Do not confuse this post as support for Jack or SCT. I still think it is a train wreck in progress, though Dougcs has done commendably well with real money.

You have left foot prints behind Hershey for many years now, and you still not sure?

 

[Joab]

Quote from gunder12:

sport

LOL

Who uses the word sport anymore ?

So what your saying is you are completely oblivious to the method and your just in here talking out of your ass.

 

[hypostomus]

Butty Boy, I have been reading Jack a lot longer than you have. As Groucho Marx said of Doris Day, "I knew her before she was a virgin." Aren't you supposed to be drawing lines? Get busy! Today we are going to see a real-time test of Jack's theories on narrow range breakouts. Got your price plot turned off so all you can see is volume, haha?

 

[Spydertrader]

Quote from hypostomus:

Well, shit, 'Surfer, I am a well-known idiot, what can I say?

Come now. Modesty fails to cloth you well.

I must admit. You have authored a truly impressive set of recent posts. With literary slight of hand (and almost amazingly little effort) you have managed to capture the attention of those less enlightened and shift their focus. Bravo and well done, sir.

I have always believed your many posts on Jack's methods represented a Herculean effort to protect that which you deemed central to your own profits, rather than, an attack on poor methodology (and often poor spelling). However, not until today, did I realize the lengths to which you planned to go to safeguard that which you believe needs to be kept secret.

Outstanding work.

Unfortunately, your going to have to work harder to coax the genie back into the bottle. Still, I enjoyed watching you work.

- Spydertrader