Questions to Jack Hershey

[DB_sezwhat]

Quote from Albert Cibiades:

Pick a clearcut unequivocal quantitative statement by Jack that you believe to be true, and I will be happy to oblige. It will be harder for you to find such than for me to demolish it.

Quote from DB_sezwhat:

I'm not sure, but I think Sierra Charts does it the best. rainman2(great guy ) made it available to all.

Quote from jack hershey:

If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal.

Whats so difficult to understand?

 

[Albert Cibiades]

Quote from RCG Trader:

Volume leads price.

Demolish this for me.

Gladly. First of all, that is not a complete statement of Jack's PV theory, and I do mean theory. It is an optical delusion attendant to the selection of a chart period of five minutes, and resultant from the blurring therein. The truth is abundantly clear on shorter time scales such as one second or tick. Volume responds to price changes. "Let him who has eyes to see, see."

 

[Albert Cibiades]

Quote from DB_sezwhat:

Whats so difficult to understand?

"If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal."

Thius is a typical Jack totally qualitative statement which has no practical use. What determines "pt.1?" How much is "less than?" What is "max?" The assertion is grammatically sound, but not convertible to a trade decision in practice.

 

[RCG Trader]

Quote from Albert Cibiades:

Gladly. First of all, that is not a complete statement of Jack's PV theory, and I do mean theory. It is an optical delusion attendant to the selection of a chart period of five minutes, and resultant from the blurring therein. The truth is abundantly clear on shorter time scales such as one second or tick. Volume responds to price changes. "Let him who has eyes to see, see."

It is the linchpin of the process, and I asked to disprove that. You said you could. Post some charts, give some stats.....something

You responded with more opinion, which is okay, everyone has one, as they say.

Volume leads price. "He who has ears to hear, let him hear."

R2R and B2B my friend. Volume leads price.

 

[baro-san]

Quote from Albert Cibiades:

... Thus is a typical Jack totally qualitative statement which has no practical use. What determines "pt.1?" How much is "less than?" What is "max?" The assertion is grammatically sound, but not convertible to a trade decision in practice.

With all due respect: our conscious choices are determined and limited by our intellect.

 

[DB_sezwhat]

Quote from Albert Cibiades:



Thius is a typical Jack totally qualitative statement which has no practical use. What determines "pt.1?" How much is "less than?" What is "max?" The assertion is grammatically sound, but not convertible to a trade decision in practice.

Wow!! You have a extremely weak thought process. Jack couldn't be more concise. Start here, only 5563 posts to go :

http://www.elitetrader.com/vb/searc...hid=3939109&sortby=&sortorder=&pagenumber=221

 

[Wide Tailz]

Jack's method is pretty easy to figure out if you have a little experience and can get through the unnecessary complexity of his language.

It's basically band trading in a superposition of higher order bands (otherwise known as a fractal) with a lot of guessing based on volume, stochastics, and your own mood swingz.

 

[Trend Following]

Quote from jack hershey:

How to differentiate the mind fully in the parametric system of the market's offering.

The hypotheses set forth the Vand P relationship over events. The parametric measures are four gerunds ('ing's). For a paradigm to work all Hypotheses must be "in kind".

Markets turn out to be cyclic; therefore two opposite trends determine a cycle. This announces the fractal nature of the markets and how fractal interlock. A parallelogram (or trapezoid) is the nonstationarity based container. Opposite sides are parallel.

The gerunds dictate the Parametric Measures as ratios of variables. I use a denominator of 1 which stands for one event. The numerators are for the IF'S and for the THEN's. Volume leads price.

HOW to build the mind is a process of creating long term memory for two sets that have a one to one corrspondence.

There is elasticity in the container and it is caused by two things: the units of measure of volume and price. Each one is a non continuous function.

This dictates the mathematics of the market operation. It is an algebra and the base is two. Thus, form the 1840's the mathematics became available. Boolean Algebra has many applications.

Use some ticks to make some bars. Use some instrument units to make some volume bars.

The first task is to ID all the identifiable constructs and combinations of these variables and to deduce the Hypothsis Set that comes from the relation of the two variables. In the language of Science and Mathematics, these are called Cases.

Your mind has to have these cases in long term memory. So discover them; prove they are the set; and arrange them in a continuum.

You have finite sets, and the elements are complete and the elements have an order of events and they form a simple container which cycles and which in terms of fractals are interlocking in a specific unchanging ratio.

This is knowledge and the amount of knowledge for a system is very small and very complete.

Before the PC and when the world began to use electricity, Market information was transmitted over wires and a series of events was made public to all that were equipped. When I canoed from Whitehorse to Dawson, I got to see the wires along the rivers and the battery operated relay stations along the way. I collected broken battery parts and tin cans as souveniers.

From the ticker tapes of the past, the HS and PM came about. Nothing has changed.

The HS and the Cases interrelate and complete the picture of building the mind. I call it "Putting the Pieces Together". This is how "tape reading" turns out to work.

All you do is use binary switches in the form of vectors to make money. There is no probability when it comes the the setting of a switch.

Two Cases of the market make money and all ther cases are squished to have the two cases that make m0oney. You have all the pieces and as they form you squish them into the "long" or the "short" case.

When a squishable case straddles a "right" boundary you decelerate the money velocity of the RTL by geometrically fanning the RTL. When the price exceds the LTL, you accelerate the boundary by redrawing the new steeper container.

So now you have your training encompassed and you use a display to show three interlocking levels of the market containers.

The schema for fully differentiating the mind, to read the market, is to drill on annotating a display which shows the cases as boxes. Fighting the battle to have displays show the cases is long over and was hard fought simply because perveyors were so simple minded. It was as difficult as have a two colored ribbon on a ticker tape. You can remember that that didn't happen except on typewriters.

What is it that slows this process of ganing inference in the mind?

1. Working in an ineffective way that lacks purpose.

2. Being prevented from doing anything because prior beliefs prevent it.

3. Fear that comes from the mind/body self protection system. See Lizard Syndrome.

4. A paralysis that comes from oxygen deprivation and CO 2 surpluses (Bohr Syndrome).

5. Having an orientation to making money following the CW.

6. Using the CW tools to examine the market.

What are the simplest small things that can help overcome the above?

1. Find out that two bars with HH's and HL's causes a long trend by price change.

2. Find out that two bars with LL's and LH's causes a short trend by price change.

3. Notice that volume peaks coincide with price extremes and that occasionally volume shows as leading price. (LTL's)

4. Notice that volume troughs coincide with price retrace endings and that occasionally volume shows as leading price. (LTL's)

So with this approach underway and succeeeding, when does the mind create the ends of trends?

Also examine why Covel and those he writes about could not get any of this?

When I started looking at trend following I had public track records of many different traders to examine. That was my start. You could easily analyze month by month audited track records often going back decades. I wasn't left to just trust the words of assorted traders, I could compare their words against track records. It was a great learning lesson.

Along those lines, can anyone provide one public track record that correlates with the gibberish Hershey spews? If we get past one, is there a second? Perhaps, that is a tad too direct. Excuse me if I don't demonstrate adequate Kool-aid drinking respect.

 

[bwolinsky]

Quote from Trend Following:

When I started looking at trend following I had public track records of many different traders to examine. That was my start. You could easily analyze month by month audited track records often going back decades. I wasn't left to just trust the words of assorted traders, I could compare their words against track records. It was a great learning lesson.

Along those lines, can anyone provide one public track record that correlates with the gibberish Hershey spews? If we get past one, is there a second? Perhaps, that is a tad too direct. Excuse me if I don't demonstrate adequate Kool-aid drinking respect.

It is not too direct to ask.

There is no code here, meaning Hershey is having a crayola session now, and I expect the charts with lines to start appearing real soon. We might even get someone who will draw the entry at the perfect time when the market closes. That would be classic.

 

[bwolinsky]

Quote from Albert Cibiades:

Gladly. First of all, that is not a complete statement of Jack's PV theory, and I do mean theory. It is an optical delusion attendant to the selection of a chart period of five minutes, and resultant from the blurring therein. The truth is abundantly clear on shorter time scales such as one second or tick. Volume responds to price changes. "Let him who has eyes to see, see."

This is utter gibberish! Just gibberish! Do you have the program?

I want to see your chart. Be sure you've marked your entries and please show me how the price is breaking below its pv.