Question for Grob/Hershey...

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Quote from Spydertrader:

Jack doesn't owe anybody a single thing.
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spyder,

I disagree. All of us here, owe each other the minimum of respect and politeness. When confronted with facts he doesn't like, or someone who questions him to provide an explanation, Jack insults them using the most vile language. He has done this repeatedly. So much so that he's been banned several times from ET and slinks back using different aliases.

The moderators just removed his latest 'contribution' to ET (F*** YOU) from this thread.

An intelligent person would ask themselves whether someone as accomplished, experienced and successful as Jack would need to respond in such an asymmetrical way? Would someone confident of their abilities and status behave this way? Or is it more like a child throwing a temper tantrum?

The only reason why I'm calling Jack out is that he continues to beat his chest like a silverback, annointing himself the trading God and insulting anyone who dares offer anything but praise for him. And finally, he offers absolutely zero proof that he has ever put on one single trade.

You and others on the other hand behave differently. For one, you are respectful and don't attack others. Second, you don't lord yourself over others and finally you are giving actual entries and exits. As I've said, I respect that.

Many have misinterpreted what I'm doing here as a personal attack on Jack (and somehow forgotten his own repeated attacks on others).

This is not personal.

Were Jack to stop insulting people, were he to actually post trades and show us his methodology in real time and were he to be successful. I'd be the first in line to shake his hand and congradulate him as a fellow trader.

That is why I made that offer to him earlier in the thread. Come into the chat one day (I'm sure Andre can set it all up) and give us a right good smacking! Show us that 50+ years of experience and insight! And for his trouble I'll see what I can do to donate the results in his name to the Red Cross.

Am I the only one that would love to see a successful and experienced trader in action?

So what do you say Jack? The offer still stands.
 
Quote from mgin:

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How does one properly scope and bound the 7 fractals to set the correct context down to the 5 min channel?

What is meant by the "market operating point"?

How do we annotate in a way that identifies the true market operating point?

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These are some neat questions. You are really on the ball with this stuff. Here's my take:

Q: How does one properly scope and bound the 7 fractals to set the correct context down to the 5 min channel?

For ES, the primary charts I use are Q, M, W, D, 60m (or 30m), 15m, 5m. I use a few others, but these are sufficient and necessary for thoroughness. I study Q, M, W, and D (cash equivalents) on weekends. At the end of every trading day I view D, 60m, 15m, 5m as preparation for the next day. Every chart is annotated. The 5m is archived along with the YM 2m.

I find the IT best viewed on the 60m. This is just my preference. The 30m shows it fine too. You can go to 45m also. The D shows it, but not as usefully for intraday trading. It should be clear that "IT" does not refer to a (x)m chart, but to a degree of trend ("degree" as used in EW). Pull up a chart from August and you'll see 2 IT trends. The current one originated 8 days ago. Having a thoroughly annotated IT chart is key to making money. That is to say, if you don't know where you are in the IT at all times, you are trading in the dark. This is especially true for getting surprised at opens and the start of PM sessions.

The ST is the traverse of the IT. I use the 5m for the ST. On trend days there will be a single channel extending across the day which overlaps into the next day. It is a channel that contains the channels I draw for the trading fractal on the 5m. The 15m will show this clearly too. Carry this over to the next day's trading chart.

The last trading channel (5m) at the end of the trading day is the "carryover" channel for the next day. At times it is "broken" at the open the next day. The "carryover" channel is a good aid in getting oriented to the open quickly.


I'll comment on your other questions later as time allows.
 
Thanks Icarus, I was kicking myself in the butt trying to figure out how I missed this. This material is so dense, its not very hard to do. Just went through my "Hershey" hard drive and found the "B family of channels.doc" he worked on last year and figured I'd post this up for traderbug and others (including me self) so we can have the official explanations. I need to nail this down cold so I plan to reflect over it this weekend. Appreciate anything more you or others can add.
 

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Babak.....

I'm only 10 years old, and a little slow, but I'm starting to think you're no longer welcome here on this thread. ;-)
 
haha, I agree completely with your latest comments icarus, babak clearly has problems to understand written language, so i think the picture might clarify one or to things for him...

/Stalker
 
By the way, someone called us who´s trying to learn from jacks method puppets in the first thread. I just laugh at that because you really have to do most of the work and thinking by yourself to get this strategy to work.
It seems to me that most strategies will fail if you don´t know the market, money management, has the experience required etc... That is, being new to this, I would fail no matter what strategy i used until i get the proper knowledge. So gaining knowledge is basically what i´m trying to do and what this thread is about, wich seems to be very difficult to grasp for some.

People complaining here are bitter because jack refuses to hold their hand and tell them when to push the button. That´s really puppet mentality to me...

/Stalker
 
Good attitude Stalker. It should be obvious to any reasonable person by now that there are a good number of us who want to hear what Jack has to say without making any demands on him.
 
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