Questions to Jack Hershey

[baro-san]

Quote from Gostanner:

I think Jack wearing his hair in a ponytail in his 80's ...

You seem to get pretty desperate. It's time to forget about all this, and go on with your life.

 

[TIKITRADER]

Quote from Joe Doaks:

Tike, I don't trade ES, but it took me about five minutes to crudely translate how I trade NQ on one-second to how to trade ES on five-minute. The presentation lacks eelegance, because I hacked it out quickly, but it gets the point across. If the study is all red or red bracketing orange, short. If the study is all green or green bracketing orange, long. The ESignal script is about 20 SLOCs long. The snapshoit is overnight data, PST.

One of your larger charts Nice work. You have captured the moves well. I have seen you do this previously and it really was impressive not being sarcastic.
How is it in real time ?

 

[Joe Doaks]

Quote from TIKITRADER:

One of your larger charts Nice work. You have captured the moves well. I have seen you do this previously and it really was impressive not being sarcastic.
How is it in real time ?

Whatever you saw before was different. I change systems faster than a whore changes her drawers. The SCT crowd long ago concluded that I am ineducable, far too stupid, not to mention lazy, to learn SCT. But aperiodically I try to emulate SCT using whatever my systeme du jour is, of course with a ridiculously small SLOC count to show how overly complex SCT is. Alas, this latest emulation is not very good. Attached is the five minute chart of the regular session. This works like a hose on one second, but deteriorates badly on longer time frames. My grand theory of all systems is that S/R or news or insider trading give price a kick in the ass quite evident on a one second chart, and that price meanders semi-predictably thereafter until it gets another kick. That's why I live on one-second, and that is what my current system is, a kick detector. So I tear what little hair I have out when you all post five-minute charts. Aaaarrrrgggghhhh! To me that would be like taking my glasses off and standing down in my living room and looking up at the screen reflected in the study mirror. (I live in a double wide, but I stacked them to rent a cheaper patch of gravel in the trailer park.)

 

[TIKITRADER]

Quote from Joe Doaks:

Whatever you saw before was different. I change systems faster than a whore changes her drawers.

Hold on to these whore drawers Joe, looks like you picked off something good.

Keep it up. Whores like it that way

 

[pepdegree]

Brown paper packages tied up with strings
These are a few of my favorite things

 

[SK0]

Wow, I would probably never figure that out. Thanks so much.

So, we have three triad cases down. What are the other three alternative triad cases that the first element is limited to D or C and the middle is not D or C? C Trending C? Or C Parallel D? Or D Parallel D? Or on speculative spirit, something to do with Entwine or Away? Do the "two-line" triad cases apply to the Fast and Slow Stochastic indicators?

TIA.

Quote from jack hershey:

As you look at monitoring and analyzing several fractals, it is important to know where you are on your trading fractal.

The faster fractal is having three moves for each move on the trading fractal.

As you go through the succession of the 3:1 ratio, you see legs of the trading fractal more or less pause as the faster fractal is doing its non dominant middle leg. So at this time there is no crossover by the fast line of the slow line. There is convergence and a minimum and then divergence.

All of this tells you to hold through the non dom faster fractal move.

When using indicators to trade, once their defaults afford proper synchronization, then you can read several fractals on the indicators.

A very important thing is to mentally evelop the skills to "read" two line indicators as leading indicators. This skill is gained by learning the OOE of each fractal on the two lines; then you adjust the OOE to be read just as you add a phase angle to a sinusoid. Two line indicators have a lot of signals and each sunset applied to the OOE of each of the nested fractals.

As a trader's skill increases, he considers trading more frequently than FTT to FTT. If he has watched the two line indicators with sensitiviety, he can easily switch to more frequent trading.

Elsewhere there is a thread on effectiveness on several different approaches and strategies. There you see a yield per 100K for a combo of several divisions (meaning approaches and markets). The organization makes 11 dollars a minute over a year using RTH's in the markets it plays.

When you look at one account in ES and do point to point trading, the account only makes 3 to 4 dollars a minute. Then you can consider the NFA amateur limits of individual person's accounts for amateurs (15). This means an amateur can make about 45 to 60 dollars a minute on the limited accounts he can trade on one exchange. Each of the 15 accounts can trade several exchanges simultaineously in each country. As a day passes, RTH's begin and end in different countries. For example South America is East of the US by half a day in RTH's terms. european Exchanges preceded both SA and the US. Asian markets cycle ahead of European markets. Roughly speaking by using Colo and having local credit based on central capitalization, you can at least triple the minutely rate of 45 to 60 dollars a minute as an amateur.

All of the above only applies to intraday trading market paces which have relatively low account balances. For position trading, each account is 5 times larger And makes much less money velocity and for SSR the capital is unlimited but there is a very low money velocity ofeten meaured over weeks and months.

Two line indicators work for all liquid markets. Liquidity is a minimum market requirement. Making money by monitoring and analysis is only related to the market's pace and the duration of trend segment in a given trading fractal.

Basically, you only build your mind once. BUT it is also true that you have only one opportunity to build your mind.

Full differentiation is only dependent on doing drills to obtain the pieces of inference. The mind does two things for you. It arranges the pieces in a logical spectrum. Then where weaknesses exist, the mind surfaces questions to be drilled upon to bring the spectrum into balance.

Most people deny themselves the once in a lifetime opportunity. Their way of growing in a given convention slowly squeezes out the opportunity. On.Target is a good person to read to understand how this divorce from opportunity takes place. He avoided it by growing in one of the acceptable conventions. His organization would not be limited to 11 dollars a minute for RTH annually.

If a person wishes he can marry the two line theory to "The Pattern". I use 10 to 12 leading indicators of the fractal I am trading. It is possible to invent about as many leading indicators as you wish.

Markets are basically timeless. They have participant operating rules. Collectively, all the participants in a given market have this timeless participating characteristic. It fit under the heading of Human Nature. Humans have learned to harness Science to work for them and to define, intimately, the working of Nature. The markets all fit into this realm of study and examination.

So the market, for me, are part of my supply chain. I simply extract the full offer of the markets continually. Anyone can look at the relationship of the market's offer and the performance of PEP, the paradigm best used, for extracting capital from their operating pools.

Why doesn't betting work? It is good to know this.

 

[Joe Doaks]

Quote from TIKITRADER:

Hold on to these whore drawers Joe, looks like you picked off something good.

Keep it up. Whores like it that way

Yep. Just like SCT. Works great if you ignore when it doesn't.

 

[nkhoi]

...Jack was banned by Baron 10 years ago? ...

jack hershey

Registered: Feb 2003

 

[Xspurt]

Jack is either a great entertainer and hypnotist OR the worlds greatest living trader. Let the readers decide for themselves which they believe for belief is Jack's most stringent demand (in keeping with all great hypnotists and traders).

A guy I know trades the daily limit on the ES holding 20,000 cars in a single trade and he day trades in and out. He can't trade as well as Jack nor is he much good at entertaining either.

His method is pretty simple but he believes in it and that is his key. If you want to be a Jack detractor then the only fair way is to show you know what you are talking about and start up a trading thread showing the proper way to trade or leave Jack to do what he does best.

Personally I think Jack is great at what he does.

 

[Xspurt]

Quote from UncleSanders:

Do you think Jack lets his hair down when having sex or does he pony up?

You should be very grateful for Jack. He gives your life meaning and purpose. Without Jack you'd have nothing to offer, nothing to post.

However your obsession is unhealthy and is screwing up your mind. Try and imagine what life would be like if you could trade - it would give you another focus and perhaps wean you off Jack.

Start up a How-I-Trade thread and help others. Jack might even help!