Questions to Jack Hershey

[BenzMercedesSL]

I am not an older detractor of Jack Hershey.

I recently found out one of my problem: I followed Jack's definitions strictly. This is one of the reasons why I can't put the pieces together!


Background information is here:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=228120&perpage=40&pagenumber=3

In case Snake deletes the above thread, I repost my messages here.

 

[BenzMercedesSL]

10-27-11 08:54 PM

Quote from jack hershey:

The trading fractaland its slower fractal.

begin to use the regular names for the nested fractals; your object is to build your mind.

By thinking in terms of middle you muddle.

By definition (always emphasized by Jack Hershey and his proteges):
"In the same fractal, the point 2 of a parallelogram must be outside the prior parallelogram's RTL"

I followed this definition strictly during annotation. I recently knew this was not apply to tape. Hahahaha, that is one of the reasons why I can't put the pieces together!

Well, it's my problem. I don't have enough "critical thinking".

Good! Lesson learnt. I need to think differently.

Jack sometimes writes something wrong deliberately.

I am now skeptical to what he said. (This is not an offensive comment)

Definition can have exception!

Why can't gaussian overlap??? Nobody said "gaussian cannot be overlapped"!!!

I always see incomplete sequence.

x2x(increasing) 2y 2x (expect increasing but sometimes decreasing!!!) and then start another new sequence (x2x...)

This situation can only be explained with the concept of "gaussian overlap".

 

[BenzMercedesSL]

My argument:

10-26-11 10:25 PM
In order to complete b2b2r2b and r2r2b2r (tape level), the Gaussian can be overlapped in some cases.

10-27-11 02:57 AM
Trend overlaps, why can't Gaussian overlap???

Difficult to see the tape sequence (b2b2r2b/r2r2b2r) in a ES 5 min chart. The tape sequence in YM 2 min chart is a bit clearer.

We need to have one dom tape and one non-dom tape to draw a traverse. By gaussian definition, tape completes with either r2r2b2r or b2b2r2b. This ES 5 min chart snippet shows the incomplete sequence of tapes.

If the gaussian of 2 parallelograms(which are tapes in this case) can overlap, both the sequence (of the tapes) can complete.

My clarification:

r2r2b2r or b2b2r2b : tape (or FF)'s gaussian
R2R2B2R or B2B2R2B : traverse (or TF)'s gaussian

 

[BenzMercedesSL]

The ES 5 min chart snippet

 

[BenzMercedesSL]

The corresponding YM 2 min chart

 

[BenzMercedesSL]

I use nkhoi's scripts.

For nkhoi's pv_prvol_v04:
http://www.elitetrader.com/vb/showt...&pagenumber=207


Download the latest NT scripts here:
http://www.elitetrader.com/vb/showt...&pagenumber=222

 

[jprad]

Quote from BenzMercedesSL:

Good! Lesson learnt. I need to think differently.

Jack sometimes writes something wrong deliberately.

When it comes to Jack here's the best advice I can give you.

Which sense do you rely on when you're not sure of a certain food that you're about to consume has gone bad?

Do you rely on your sight or your sense of smell?

Why, it's the later, of course. Our brains were hardwired a long time ago to trust our sense of smell over every other sense.

When it comes to anything Jack writes, remember this: if it looks like candy but smells like bullshit it ain't candy...

 

[BenzMercedesSL]

Another question is about rocket. I think this question blocks many people.

Every pattern has 3 moves: dom, non dom and dom.

Rocket seems to be an exception : no non-dom FF

 

[RCG Trader]

Quote from BenzMercedesSL:

Another question is about rocket. I think this question blocks many people.

Every pattern has 3 moves: dom, non dom and dom.

Rocket seems to be an exception : no non-dom FF

Look closer. The non dom is right on that chart.

Rocket, over 80 stoc, volume rising. Get in.

B2R, get out.

Don't over think this.

 

[nkhoi]

Quote from BenzMercedesSL:

...
Rocket seems to be an exception :...

rocket and iceberg already taken try 'faster fractal'