Questions to Jack Hershey

" I realized that 3 x ATR is in fact based on compounding contracts with each successful swing you catch.."

What kind of bull caca is that:confused:

3-6ÀTR has nothing to do with compounding.3-6 daily ATR is 3-6 daily ATR because is just 36 daily ATR

:D
 
@mindovermutter

Truthfully 'Mind Over Mutter' - I don't think Jack actually has a system. I don't believe that anyone that has attempted to follow Jack's methodology (what ever it may be) has or ever will profit.

What I was able to distill from Jacks postings has nothing to do with his system (???) - it has everything to do with how to look at and interpret the market - something that Jack seems to get (his use of fractals is intriguing).

I use a simple Price Equilibrium Curve (Simple Moving Average) to anticipate price fluctuations around the curve - and I also have to decipher an inordinate amount of real time trade data.

I have two models - one completely automated (the 60% return model) and a semi automated (discretionary) system that I use for scalping (200% return model)

As far as the details of my system - I seriously doubt it would do you or anyone else here any good - simply because it would be difficult for anyone to replicate unless you had the same desktop trading app that I have.

As far as Jack's disciples - Good Luck!

,...G
 
mindovermutter, who are you in the family pic? The left one?

Quote from mindovermutter:

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Quote from jack hershey:

A is compounding

B is applying the differentiated mind.

Their product, C, is the wealth you build.

Inital capital cannot be anything but smallest. for commodities it is 1 contract. For other intruments it is one round lot applied to four streams of capital. Cpompounding the profits is the most powerful tool.

To make 60K a year you earn 5,000 a month which is 250 dollars a day.

Divide the 1 contract point value into 250 and you see this is a portion of the ATR.

To see what is possible then use 3x to 6x the ATR to get the annual income with one contract.

For a no slippage partial fill regime use 250 contracts to do calculations on compounding.

What slows compounding down is giving money to others for problem solving. there is no limit to this opportunity.

the objective is to move from one intial contract to 250 contracts.

Component B is how you get to a multiple of ATR by beginning with a fraction of ATR.

Lets look at both sides of the coin for component B.

0perating effectively and efficiently has requirements.

When you discover the the identiy of a trend end and a trend beginning, you are in the final stretch of becoming expert. This is the Failure To Traverse (FTT) from right to left.

By then you know when H1 and H2 are used and you know dominant and non dominant moves.

You know that a cycle is two moves and a tend is three moves and you KNOW they are on different adjacent fractals.

You are very far away from using rule sets to trade; you use your mind to read the market instead by incorporating nonstationarity windows, OOE, WMCN and WWT.

At some point, you change from FTT to FTT trading to point to point trading.

You complete the transition from 1 contract to 250 contracts.

Your bootcamp days were just like in the military. your weapon is the fully differentiated mind and ammo is in the form of FTT's and then annotated points.

You team with the market and do your part and not the market's part. you have MADA and NOT OODA and betting.

Monitoring gives you an information set. It automatically, one-on-one matches with the analysis finite set. You decide to hold or reverse. You take timely action to carve the turns.

The non secret ingredient is the time you have to log each and every event in the passing of RTH's.

It takes about 5 or 6 rows perbar of logging. Note the countdown from 300 seconds to 0 seconds. All trades are within bars. Each column has a glossary which is defined in binary terms. The binary terms are vectors in terms of the RTL and LTL.

There is no probability and certainty in its place, no noise and precition to the tick in its place and no anomalies (all it orderly and interlocking).
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This kind of discourse about trading does the neophyte trader a huge disservice. The time a neophyte might take to try to understand the quoted passage is time that he fails to devote to finding his own way. Trading is a very personal endeavor. No one can tell you how you should trade. You must find your unique way on your own. Once you find that way, it is so simple that you can write it down on the sticky side of a postage stamp. Complex strategies like that quoted indicate either some sinister ulterior motive or a fatal lack of understanding of trading reality.
 
Quote from Albert Cibiades:

This kind of discourse about trading does the neophyte trader a huge disservice. The time a neophyte might take to try to understand the quoted passage is time that he fails to devote to finding his own way. Trading is a very personal endeavor. No one can tell you how you should trade. You must find your unique way on your own. Once you find that way, it is so simple that you can write it down on the sticky side of a postage stamp. Complex strategies like that quoted indicate either some sinister ulterior motive or a fatal lack of understanding of trading reality.
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Well stated.
 
Quote from baro-san:

Nobody can demonstrate that Hershey's method doesn't work. They just show they can't get it.
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Jack writes in a way that requires more than an 8th grade reading level, which is where most Americans read at. So his posts have a sort of self selecting nature about them.

People do not like to feel stupid, so they lash out at Jack.
 
Quote from GordonTheGekko:

Some detail posts from someone whose been on the board supposedly for less than four weeks?
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That nutbird has been on this board for years, and he has OCD, at the very minimum. I simply ignore him on sight. He has nearly 100 aliases that I personally have banned before the mods catch up with him.

Readers of JH are all over the web, and it is widely understood that the lazy do not get the time of day, which frustrates a lot of folks.:)
 
Quote from RCG Trader:

Jack writes in a way that requires more than an 8th grade reading level, which is where most Americans read at. So his posts have a sort of self selecting nature about them.

People do not like to feel stupid, so they lash out at Jack.
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That is not the issue. The issue is that writing about trading doesn't require more than an eighth grade reading level. Nonsense cloaked in lofty language is still nonsense.
 
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