Questions to Jack Hershey

[RCG Trader]

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.

People who get this stuff are too busy making money. Trading is the most lucrative business on the planet. People can, or can not, do it correctly. Individuals who can do it correctly will draw what they need out the market, at any time, over the course of a day if you work hard, a week if you work less hard, or a month if you are plain lazy.

I am plain lazy. I have nothing to prove to anyone, and the market pays for whatever desires I might or might not have. I will even go so far as to say that once you work out the true mechanics of the market then it is nigh impossible to blow up. I am speaking of FX in regards to blowing up, however.

 

[RCG Trader]

Quote from baro-san:

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

Well, if someone wants a solid method handed to them on a platter, Jack does do this, but he qualifies it by requiring the reader get a baseline education to be able to determine what he is saying.

W D Gann did this also. If you were not a Mason, pass Gann up, you will not be able to benefit.

 

[bwolinsky]

Quote from RCG Trader:

Well, if someone wants a solid method handed to them on a platter, Jack does do this, but he qualifies it by requiring the reader get a baseline education to be able to determine what he is saying.

W D Gann did this also. If you were not a Mason, pass Gann up, you will not be able to benefit.

Um, like he handed it to Scottd?

 

[baro-san]

Quote from mindovermutter:
...

Incredible dedication! You should look for a worthier cause.

 

[TIKITRADER]

This guy automates channels and tapes based on JH in Excel.
If I remember he used to post to Jack here on ET

http://exceltrader.net/

http://exceltrader.net/wp-content/uploads/SP/temp.gif

 

[TIKITRADER]

This thread is like reading the Enquirer at the Checkout counter...
It never makes it home with you but you have to take a peek for kicks.

 

[d08]

Quote from Albert Cibiades:

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.

+1
That's actually the followers' escape route, "you're too stupid and lazy, you don't understand what kind of a genius he is". Naturally it's all too complicated to backtest, rules and more rules followed by exceptions and even more exceptions.
Genius lies in simplicity.

 

[Lucrum]

Quote from d08:

+1
That's actually the followers' escape route, "you're too stupid and lazy, you don't understand what kind of a genius he is". Naturally it's all too complicated to backtest, rules and more rules followed by exceptions and even more exceptions.
Genius lies in simplicity.

+ 1

 

[Albert Cibiades]

Quote from bwolinsky:

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.

Let us not play Jack's game. Let us instead think. I am looking at a premarket one-second chart which is running strategies that work during the regular session. Often they also work premarket. Price is moving by several points on invisible volume. One contract this second, five contracts the next tick, all over the place, no volume pattern. The real question is not "what leads what?", but "is volume relevant at all?" If price can move on no volume, who gives a shit about volume? Similarly, volume can be huge with no price move, as in the last minutes before the close.

 

[Mushroom]

Quote from Albert Cibiades:

Let us not play Jack's game. Let us instead think. I am looking at a premarket one-second chart which is running strategies that work during the regular session. Often they also work premarket. Price is moving by several points on invisible volume. One contract this second, five contracts the next tick, all over the place, no volume pattern. The real question is not "what leads what?", but "is volume relevant at all?" If price can move on no volume, who gives a shit about volume? Similarly, volume can be huge with no price move, as in the last minutes before the close.

So you look at a chart for a couple of seconds and the results of your deep analysing is that volume is useless?

I looked at a chart for a couple of seconds too, and I see that price sometimes moves in one direction, than it suddenly changes direction. Maybe price is useless too?