Questions to Jack Hershey
- Thread starter BenzMercedesSL
- Start date
DOM of stocks have different colors for different levels. you can change them.
i dont understand what colors for buy and sel for t&s filer > 50 ?
Grren -buy , yellow -sell?
Jack. i read your post here http://www.elitetrader.com/vb/showthread.php?s=&postid=1431044&#post1431044.
you use that colors
Mushroom, consider this. Say a market had a constraint of only having one contract trade every minute and that trade was at the bid for 20 minutes then at the ask for 20 minutes. you would have price simply move up and down with flat volume. So that "proves" volume does not lead price ALWAYS.
Also price can continue to move up or down on increasing or decreasing volume.
Perhaps if you showed me a chart with actual entry and exit points real time using these methods I might better understand.
If you are a new trader, less than 5 years, you might remind yourself that there is nothing new in the way prices move except for the technology. It is all based on fear and greed just as it was 100 years ago. All that is new is the way guru's and charlatans re-package it for their benefit.
Now that benefit may be for money, attention, or maybe to generate hits on a website.
LOL Whatever you do, do not risk real money unless you are at least 3 month profitable sim.
Keep the entertainment coming. LOL
I do not really expect to see a chart, just as I never expect to see Jack answer the hard questions as the answers show that the emperor has no clothes!!! All you will get is redirection, BS, gobbly gook and personal insults. Look up the definition of Charlatan.
lOL Enough fun here. Off to the beach....
Also price can continue to move up or down on increasing or decreasing volume.
Perhaps if you showed me a chart with actual entry and exit points real time using these methods I might better understand.
If you are a new trader, less than 5 years, you might remind yourself that there is nothing new in the way prices move except for the technology. It is all based on fear and greed just as it was 100 years ago. All that is new is the way guru's and charlatans re-package it for their benefit.
Now that benefit may be for money, attention, or maybe to generate hits on a website.
LOL Whatever you do, do not risk real money unless you are at least 3 month profitable sim.
Keep the entertainment coming. LOL
I do not really expect to see a chart, just as I never expect to see Jack answer the hard questions as the answers show that the emperor has no clothes!!! All you will get is redirection, BS, gobbly gook and personal insults. Look up the definition of Charlatan.
lOL Enough fun here. Off to the beach....
So where are these videos and people? Oh wait, you are a liar. Never mind.
A liar? Yathink?
Jacks profile from another site.
Occupation: amateur trader, author, architect, EOP service.
Location: Tucson , AZ
Years Trading: 52
What I Trade: Stocks, DJ, ES
I trade applications of an agorithm I created
VT, SCT and SSR. PVT trades stocks 100 cycles per year @ 10% per cycle. there is a 100,000 share cap per stream. SCT trades, intraday, 20 to 40 traversal rades all in all the always on the right side of the market. the net profit yield is 3x ATR daily on the 5 min ES index. SSR does sector rotation in stocks @ 4 % a week for 4 1/2 week holds.
Jacks profile from another site.
Occupation: amateur trader, author, architect, EOP service.
Location: Tucson , AZ
Years Trading: 52
What I Trade: Stocks, DJ, ES
I trade applications of an agorithm I created
VT, SCT and SSR. PVT trades stocks 100 cycles per year @ 10% per cycle. there is a 100,000 share cap per stream. SCT trades, intraday, 20 to 40 traversal rades all in all the always on the right side of the market. the net profit yield is 3x ATR daily on the 5 min ES index. SSR does sector rotation in stocks @ 4 % a week for 4 1/2 week holds.I said liquid market. You know too that it takes volume to go beyond the bid-ask spread. And your logic doesn't make sense. I can't explain it in english but just google Aristotelian logic.
I don't see how the core of what Jacks says could be controversial. It's just price, volume and trend channels. Basic TA, studying price action. The rest of it I don't focus on right now and maybe I never will.
Mushroom, those "core" concepts are found much more clearly discussed and accompanied by real time real money trades on other threads on ET. The reason Jack gets so much flack is that he makes unsubstantiated claims, tries to mystify the simple, and complicates what a successful trader knows to be simple.
He has for years misguided new traders with claims of making 3X daily range, Never a losing trade, etc. This is wrong both morally and professionally in my opinion. I support those that call BS on him.
Keep your money in your pocket. Also, remember this is the wild west here on ET, and all kind of egomaniacs, nut jobs, liars, thieves, charlatans purvey their wares and maladies here to the never ending stream of lemmings seeking a quick $.
If you need guidance to find some of those threads PM me and I will offer what I can and I promise not to use the word Gaussian!!
LOL
He has for years misguided new traders with claims of making 3X daily range, Never a losing trade, etc. This is wrong both morally and professionally in my opinion. I support those that call BS on him.
Keep your money in your pocket. Also, remember this is the wild west here on ET, and all kind of egomaniacs, nut jobs, liars, thieves, charlatans purvey their wares and maladies here to the never ending stream of lemmings seeking a quick $.
If you need guidance to find some of those threads PM me and I will offer what I can and I promise not to use the word Gaussian!!
LOL