Quote from BenzMercedesSL:
Rocket on 28 Sept 2011
Rocketeering.........
http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129
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Questions to Jack Hershey
- Thread starter BenzMercedesSL
- Start date
Rocketeering.........
http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129
Quote from xiaodre:
So you guys are in here to try and debase an 80 year old. Give yourselves a hand.
Yes, no matter how much time and money have been lost following his arcane nonsense, let's give him a break due to his age.
I'm sure you're really consistent and said the same about Bernie Madoff, right?
Got to give Jack some credit: he certainly has gathered a non-thinking cult of lemmings. Jim Jones would be proud!
Quote from logic_man:
Most definitely. I just like to do the math on someone who talks big, to see if it's feasible that the talker is achieving what he claims. Clearly, no trader can compound an account to infinity, but, for all practical purposes, a trader who was able to accomplish what Jack claims SHOULD be able to take home hundreds of thousands of dollars per day.
But, yeah, whenever I read his posts, I thank my lucky stars that I never came across them when I was young and stupid enough to have thought they could be worthwhile.
Your estimate of me is a little low.
I dispose of capital as I have continually suggested.
Pool extraction is the first step in problem solving for me.
I have suggested many times how any person is affected by some of the problems we have worked upon.
You probably notice there are many left to deal with.
I feel the heirarchy is money, power and information. Therefore, money is taken off the table by extracting it and redirecting it to those empowered to solve problems. So also, I support their gaining the info to do that. One of my ways of institutionalizing solutions is to write books or make sure they are written.
If and when a person begins to extract capital from markets, he has to deal with the utility of the extracted capital. I give capital utility by applying it to problem solving.
4 out of 5 people pass on my approaches and recommendations. This ratio may seem poor to some. To others, they recognize just what it means. Do not think it was easy to install a filter to keep greedy people with no purposes away from pool extraction.
A good example of greedy people combining their wasting of time is the bunch of types of people you get to observe in "Margin Call". None of them "get it" at all. Just a bunch of super dupers.
As you can see, since I have explained it to you a little further, my primary concerns are the application of capital to solve local and global problems.
I am a parasitic, technical speculator as noted on page 199 of Larry Harris's book. This empowers me to frontrun big money and be pushed by big money.
You are glad you avoided getting mixed up in the approach. My benefit is that we never see each other or work on anything together.
How many exchanges parallel the ES market? I remember when you could only trade the big DJ contract. At that time a "Greenspan" was a measure of a 150 point move. LOL ....
Quote from jack hershey:
For others who are doing the drills. (THE "work") You are building your minds to be able to "read" the market just ahead of how and when it unfolds. Soon you will recognize the interlocking order of events on the fractals surrounding your hold/reversal trading routine called MADA.
The movie "Margin Call" is a good example of the two groups who trade the markets. Those who know how the market works and those who do not. I have never seen a financial firm where those in control knew how the market works. Their underlings were powerless.
See "Moneyball" to find out how an astute money manager rises like creme to the top by letting his stat guy (Pete) coach his players to refine and develop their demonstrated skills.
Watch "The Temple Grandin Story" over and over until you figure out how a mind is built from scratch.
I had myself wired last night for an 8 hour recording session. The raw results will be 6,000 pages long. Tuesday, I get the prescription for my new appartatus. From that I will have a specifically tailored machine attached to my oxygen collector so I will not be permitted to stop breathing at night ever a gain. I had my first expeience of a machine pumping up my blocked system to the point that my system woke me up each time the pressure got released through my closed mouth which was blown open to wake me up. It is such a cool thing to get wired up to make a machine handle the symptoms by brain wasn't handling.
I get my bionic eyes sandpapered in laser surgery on the ninth.... Got got trifocal lenses and I regrew my cornea's after they punched about 70 small holes in my pupil boundaries for pressure control (to keep my retina's attached).
Popcorn is such a good idea for the non learning public who just reads and stays in the CW of the financial industry. Watching them do their Behavioral Finance errors and shortcomings is a lesson to us all. (See "BF or BS?" on Behavioral Financial home page. Also read the mistaken pseudo science of Andrew Lo of MIT and Congressional Testimony fame.
B2B 2R 2B ....lol
How neat it is to move from three up/downs to two left/right triads.
The Holy Grail turns out to be an orientation that is orthogonal to the CW.
What a cool paradigm shift!!!!!!! The blind can't see it at all and they prove they can't.
Party time for me.....
I am the egg man, I am the egg man, I am the walrus, goo goo ga joob.
How about this: you or a cult-member, er, student, sign up with Collective2, Covestor or any 3rd party service and post signals for one year.
Come back then and we'll talk.
Quote from jsp326:
I am the egg man, I am the egg man, I am the walrus, goo goo ga joob.
How about this: you or a cult-member, er, student, sign up with Collective2, Covestor or any 3rd party service and post signals for one year.
Come back then and we'll talk.
We did that in ET.
Get up to date.
Let's not talk anymore, you are too far behind the times.
We also stopped the bait and switch types on C2. Did you notice when my name was removed from those accounts? Probably not.
Quote from Vienna:
Hello Jack,
quick question please: you posted this in another thread...I am aware this was a fast "sketch", just making sure I get the point...the questions are in the attachment.
Thanks as always!
Best,
Vienna
And 2 more if I may:
- what is a price trough? a bar that makes a LL relative to both adjacent bars right? OR just a bar that is one bar down from a peak (b 15? You have it as T)
-B16 should be a Vol P, not a "U" right?
TYVM!
Vienna
Quote from Vienna:
Hello Jack,
quick question please: you posted this in another thread...I am aware this was a fast "sketch", just making sure I get the point...the questions are in the attachment.
Thanks as always!
Best,
Vienna
The log I jotted down was an events based list.
Under time, all I did was number to order of events.
I just listed what happens on "the Pattern" for a cycle which would include a long and a short in any order.
Your P,V is a more complex chart illustration.
All I wanted to achieve was a log of the simplest order of events.
My feeling is that if a person starts with a foundation, he can add building blocks as required to achieve having a fintie and fully differentiated mind.
The B2B 2R 2B is three parts. Part one involves tend overlap beginning and ending. B2 is those events. A peak of volume goes to a traough at the moment the price crosses the former RTL of the prior trend. This is called the BO of the RTL (at a volume trough) Price is a portion of the way through its first movement called B2B. B2B means Balck to Black and thus is a long first move of a trend. At the B after the 2, the price arrives at point 2 of the new parallelogram.
When you hitched the price volume chart to the log list, you didn't do yourself a favor in any way.
I can never imagine what anyone will do to what I post. I correct it to contribute to getting a common page for both of us.
The market is very simple. Its representation has to be simple as well.
It would be very illogical for the market to turn out any other way since is is so large and has so many parasites called the financial industry.
The financial industry lobbies and cheats to make up new things faster than the regulators can keep them honest.
What is so neat about all of this is that the huge markets are, in fact, self policing and these perpetrators kind beat themsleves in any way. when they do something like serious big time cheating (swaps being tranched), they really get screwed and take all the financial planners and their clients with them.
To have our immunity to this takes scientific integrity on the level of the laws of gravity, and field theory, etc....
the log, the pattern and all the sets are a system based on how the basic and fundametal building blocks of Science must be deployed.
cheaters and shortcut types can't get this. covel immersed himself for 8 years in the societiety and culture of financial industry preactioners. And he became one of them.
we do not do that. we come to markets and just take out of the market the full offer of the market.
We build the simplest rationally based foundation.
It is a container that can signal the beginning and end of a market episode based upon events that can strech or shrink like an accordian.
For me I want along inventing many many "outsider tools" so as an adjunct I had 10 to 12 leading indicators of the price I made money trading. Some are very humorous in their construction.
But the serious business required a foundation. And on top of that go the building blocks. thisstuffis deductively reasoned out. It could be no other way.
To do thePEP and it applications, you must relax and begin with a clean slate. It is like going into a new science; do not bring any baggage.
the variable of the markets has to be a binary vector. I know some people think they have figures out I am using poor ill defined terminology. that turns out to be their problem and they go away and never return.
A binary vector has magnitude and direction in a non-continuous mathematics. No probability is used by obeying the market's dictate of long or short. How steep the market is tipped is the magnitude. the slope is the direction: long or short.
money can only be made with price change.
Make a 5 cycle log. Use the one letter symbols I have provided.
Implant in your mind the foundation.
Quote from jack hershey:
The log I jotted down was an events based list.
All I wanted to achieve was a log of the simplest order of events.
Ok, then- in order to do this correctly- could I clarify your Symbols?
BO= Breakout
- does that mean breakout of a tape? Such as the tape from pt 1-pt2?
Thanks!
Vienna