Questions to Jack Hershey

Quote from jack hershey:


To go from a potential beginning trader to expert takes a month or so of purposeful work. ....


...........

We have the correct bar don't we??? The rain in Spain is mostly on the plain. I think we've got it. The rain in Spain is mostly on the plain. Who cares? The Hershey hinge gives you another chance.

Forget spending 10,000 hours on this getting to expert. Just Do It.

Be Do Have.

Thank you Jack for the view into a Formula One cockpit...am still chugging along in an old VW here.
So you laid out the view from the cockpit of a 700 HP car looking down the straight at Monza at 300 MPH, with a turn coming up... love it. It gives me a scope of where I am and where I want to get to.

2 questions please:
-Could you perhaps elaborate a bit on specifics of the "purposeful work" required? Just put the displays on the screen and start watching them until they become second nature?
I finally understood what "the work" is for annotation skills (dry runs. drills), and, while making errors, am getting pretty fluent in this aspect...
-I know "tooling' questions are probably beneath the scope of this discussion, but, please- I want to clarify this once and for all: I think you recommend TN as a platform. I tried them but found the annotation tools terrible. Do you disagree on this? If so, I will give them another shot.
For T&S and Dom, I saw you like MB Trader pro...will get that.

Thanks a lot!

Vienna
 
Quote from Lucrum:

Holy Jeezus!

I won't say anymore, as the hershey disciples will jump me for sure.

Lol.... It's chart art . Frame n' hang it up .
Your good here, besides you keep a great music thread .
 
Quote from Mushroom:

Could only follow the end of the session. Tried to annotate more details. As usual, the market is more difficult for me to read in the afternoon.

To me the 15.50 bar looked like a reversal forming. There was r2r2b with decr-incr-decr, lower high, FTT, inside bar, and then the 15.55 bar broke out to the downside - before it quickly reversed and screwed everybody that were short. If you try to trade ftt:s and can't nail them to the tick it looked like a good place to enter short, but obviously wasn't. Comments welcome.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=3352249>
 

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Quote from Wide Tailz:

Lol

I'd be interested to see the principle behind that. Like a one-sentence description of the essence of the Hershey method.
jack can't do a sentence because he believes he can't,but this site is about tradin,he aint a journalist either,try to read tween the lines,in one sentence....,cut thru all the crap and just read the tape,goin up get/stay long.if thats done get/stay short til thats done
 
Quote from bmwhendrix:

Really, at some point this just becomes sad.

I disagree...actually, I think it is a very happy experience to figure this out :-)

You see the blue lines up there? What if you knew before the market open that that was a likely place for the market to turn? Came pretty close, after that long run, wouldn't you say? So all you do is wait for the FTT and act.

The only sad things I can see are:
1. that I am not holding long enough (should still be short from the entry 67.75 (the red line at the top), that would be a 15 point trade so far- but that will come with experience. I knew the lateral pushing out the RTL meant continuation, but knowing it and holding are 2 different things still.
Just kidding, it's not really sad. Any profit is good.

2. I find some of the detractors kind of sad. You wonder what kind of life someone has who posts the same junk for years and years.

regards,

Vienna
 

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Quote from GordonTheGekko:

Jack, you talking about Greenwich, London, or southwest CT?

The one across from bell 32A (north of) on long Island sound.

I lived in the Rockridge neighborhood.

Off rte 1 go down the street (north) between the Esso station (probably Exxon nowadays) and the library; at the circle just go into the neighborhood.
 
Quote from ammo:

jack can't do a sentence because he believes he can't,but this site is about tradin,he aint a journalist either,try to read tween the lines,in one sentence....,cut thru all the crap and just read the tape,goin up get/stay long.if thats done get/stay short til thats done

The approach is a system based upon a two part "in kind" orthogonal hypothesis set, where the leading observable volume indicators are binary vectors whereby "increasing" volume is paired with "continuing"trend trade and "decreasing" volume is paired with "change" trend.

This proves I can't do a sentence and thats fine by me.

I like the idea of a paradigm where no probability nor betting nor prediction is involved.

The parametric measures are gerunds and they fit so nicely into interlocking nested fractals whose containers are parallelograms.

As everyone knows I began trading before arcane did. This very rock solid aspect of market theory has been such a consistent foundation upon which to build.

There is a lot of ingenuity involved in producing the exacting systemmic tools to implement such an elegant paradigm composed of two "if....then" hypotheses with gerunds as parametric measures.

It fun to see great personages challenge me to state a sentence. My third grade teacher did the same.

Now I'm doing two more books and I shelved the manuscripts for five others that would have been a finanacial trading suite (Ill use them inhouse, it turns out).

It is so cool to have a 2 million copy press run scheduled. I will use lots of sentences. My Dragon is roaring them out double spaced.

As of last Sunday on 60 minutes, it looks like I'm competing with an advertizing exec with no military service. I couldn't believe the turkeys on the program were so off base in helping GI's in need. How could 60 min staff be sucked in so easily.

As one would expect, everything devolves around the mind and doing what is required to either build it of restore it.

The mind has supreme potential. Firing it up and using it is one of the most fun things in the world. So many people can stand right next to opportunity and decide to turn away and go goof off.

Why does a person need one sentence? I know he thinks is shows the skilll of the sentence writer to convey the "complete and definitive thought."

Now lets look at the needy person. He has his sentence and it consumate and timeless. (it has to be timeless since the market is events based).

When you eat a consume there are no lumps. No lumps in the sentence either.

How does a person in need get his real needs out there? He doesn't. He just mopes along with a dead sentence he will bury somewhere.

That sentence has served me for 53 years.

Looking for the fountain of youth got royalty's attention.

A subject and its predication can turn on a endless supply of capital. I guess that is so cool because it takes a big thing off the table for problem solving. When you have money, you can solve problems by getting bright people to do the job.

But the question of one sentence is not too bright.
 
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