Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
Quote from PointOne:

Not really... you've posted a chart that shows a P1 (circled) which apparently also fits your definition of a swing high.

It might be more useful to post an annotated chart showing a SH or SL that is NOT also a P1 (or, more likely, a P1 that is not a SH or SL) and note the differences.
More...

Perhaps it is more a question of what scenario(s) is/are being talked about. Clearly, as I've already said, there will be many, many more point 1's than there will be SH's or SL's, unless of course one's definition of a SH or SL is particularly confused or motivated by unbridled greed. If you remember my initial, simple question was does anyone know if SH/L = point 1? I didn't know.

lj
 
Quote from ljyoung:

Intraday swing high and swing low are not arcane terms and I well appreciate they are not part of the Hershey lexicon. There was no intent to map, interpose or otherwise inflict the terminology.

My question was just that - a question as to whether or not anyone had noticed. It was not a request for a probability. I am well aware of the infrequent utility of the probabilistic approach.

My reason for asking the question has to do with the fact that if someone had noticed that a swing high or swing low was always a Point 1, then one would have the first point of an RTL for any future (or for that matter any equity) in the appropriate time domain. Now how one wished to deal with that reality would be up to that person's particular needs and trading time frame/abilities. One could trade the grey traverses. Another goal would be to prepare for an FTT.

So if someone had said "always" then goody - something to look at. If someone had said "never" or "infrequently " then too bad. If someone had said "very frequently" or "almost always" then goody again - something to test.

C'est tout.

lj

PS: Some as yet undetermined probabilistic weight would be given to the pronouncement of the "someone who had said".
More...


your SH/SL terminology = FTT which = Point1...
the answer to your question is always....but that doesn't mean you stop monitoring for FBO/FTT in the future.... but in the NOW, all of the aformentioned terms are equivalent.
 
Quote from Dantheman:

your SH/SL terminology = FTT which = Point1...
the answer to your question is always....but that doesn't mean you stop monitoring for FBO/FTT in the future.... but in the NOW, all of the aforementioned terms are equivalent.
More...

Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1.

I totally agree that it is apposite to monitor for the other criticalities of the Hershey protocol.

As you already know, for those who are willing to take the time and really work at understanding what Jack has discovered, there are multiple opportunities for moments of bright, shining light when something clicks in. The man is a quantum hop above most, if not all, of the ET crew and I mean that most sincerely.

When I ask a question on this thread, it is done so in the context of a search for knowledge and occasionally, if I'm lucky, that search will reveal a truth. That's it. I'm not here to fuck with people.

Trade well.

lj
 
Thank you for your input. The question was whether SH/L = point 1 but I don't think that SH/L = FTT which = point 1.

A moment of "D'oh" for me. I was in point 1 space and on returning to the real world, after an AM cup of Italian roast, I do believe you are exactly correct.

lj
 
Quote from bundlemaker:

Thank you Jander, point taken. I was attempting to strictly follow the rules. In this case, the rules specify exit on break of RTL.

Pro, I believe someone else also pointed out I should focus on what works on not what doesn't. So, are you suggesting I look for something other than pt3's, as I have not been able to get them to work.

As for my FBO post, 4 out of 4 times in a given day doesn't seem to be inconsequential :(
More...

I've been thinking about this some more and came up with this thought:

You're following the advice that one exit at the break of the RTL. The problem with this is that the other part of the equation assumes that you enter at the exact pt3. Your entry isn't at the pt3, but at a higher value. I agree what you're doing with your entries - waiting for inc volume. So we need to fix your RTL to reflect your higher entry.

We'll use your long entry at 12:00 for this example. it looks like you entered at 45.25.

My suggestion is to copy your RTL - on my chart it's the blue line - and place it at your buy point. So now you have copied the sentiment reflected by the original (blue) line and placed it at your buy point. The copied line is the pink line. Exit at a break of the RTL is a gain of 1 pt.

Or, you can draw in the black tape, reflecting the inc black gaus, and exit on a break of that, and had a gain of 1.50 pts.

Hope this helps.....
 

Attachments

Quote from Haroki:

.....
You're following the advice that one exit at the break of the RTL. The problem with this is that the other part of the equation assumes that you enter at the exact pt3. Your entry isn't at the pt3, but at a higher value. I agree what you're doing with your entries - waiting for inc volume. So we need to fix your RTL to reflect your higher entry.

.....
More...

Interesting idea.
 
Status
Not open for further replies.
Back
Top