Stochastics
- Thread starter shortorlong
- Start date
Your defaults of STOCH(5,2,3), STOCH(14,1,3) & MACD(5,13,6)? I think they're a gimmick, in that you're giving your naive followers something concrete to anchor on while you mystify and bamboozle them with hocus-pocus on how to interpret and apply those defaults. Which, of course, perpetuates your pied piper scheme.
I think this guy nailed you with his commentary titled Jack Hersheyâs Incomprehensible Method, especially with the below excerpt:
http://www.tradersnarrative.com/jack-hersheys-incomprehensible-method-971.html
"Iâll never forget the time a few years ago that I found him on a thread of mine on elitetrader. I decided to respond in his âlanguageâ. I wrote a bunch of nonsensical words, phrases and threw in a few Gaussians, and voila! He replied positively. I couldnât stop laughing for the next hour or so due to a very bad case of the giggles.
I think this guy nailed you with his commentary titled Jack Hersheyâs Incomprehensible Method, especially with the below excerpt:
http://www.tradersnarrative.com/jack-hersheys-incomprehensible-method-971.html
"Iâll never forget the time a few years ago that I found him on a thread of mine on elitetrader. I decided to respond in his âlanguageâ. I wrote a bunch of nonsensical words, phrases and threw in a few Gaussians, and voila! He replied positively. I couldnât stop laughing for the next hour or so due to a very bad case of the giggles.
Thanks for your reponse and the details.
You're welcome! A few questions for you since you seem interested in my thoughts on pied pipers and this is the stochastics thread...
Why do you think it's OK to make claims like the following here, on ET, a place with tons of newbies: "I do reach my goal of 3x H-L in ES as a practice." Isn't that reckless and irresponsible? Because unless you really can do that, newbies (who don't know any better) might burn themselves trying to duplicate your "success" by following your methods. And as far as I know, you've never provided a shred of proof of being able to do this, despite all the requests. Please correct me if I'm wrong.
On stochastics... can you give us even one simple, backtestable, stochastics-based entry pattern that will give a statistically significant advantage for a 2 to 10 day holding period over random entry?
Thanks!
Why do you think it's OK to make claims like the following here, on ET, a place with tons of newbies: "I do reach my goal of 3x H-L in ES as a practice." Isn't that reckless and irresponsible? Because unless you really can do that, newbies (who don't know any better) might burn themselves trying to duplicate your "success" by following your methods. And as far as I know, you've never provided a shred of proof of being able to do this, despite all the requests. Please correct me if I'm wrong.
On stochastics... can you give us even one simple, backtestable, stochastics-based entry pattern that will give a statistically significant advantage for a 2 to 10 day holding period over random entry?
Thanks!
don' waste your time with jack, hes a bad guru who only craves attention of the gullible. If you look carefully at all the thread trying to analyze and trade the ''method'', all you see is a bunch of people saying that ''in the future it will work well all be rich'' ''later when i studied hard enough i will succeed'' ''the non believers will regret it'' yada yada yada. It doesn't take an idiot to realize that those channels and lines on the charts are only good AFTER THE FACT, you cannot draw them in real time. In other words, if you look at the chart at the end of the day, and take the signal as early as you can, it works you can make 3x the intraday range, but when the point in time where you actually draw the line on the chart in real time occurs, you needed to already be in the trade since a few bars, therefore its totally useless. If the method work so good, where are all the traders that have been doing it for a few years and their million dollar accounts? they are nowhere to be found, because they don't exist. Its all a big joke
Yoohoo, I appreciate your posts here. Since my original post I've come across EChat, dacharts, and Buffy Bline / 2X. I am running both of these indicator setups at the bottom of my charts, along with a multi-level MACD setup as well. While I am doing this, I am also going to be looking at price patterns and candles, starting this weekend.
One indicator that is firing signals off the charts though is a skill indicator, and from your posts it seems that you are a very skilled (and profitable) trader. I'm going to search through your other ET threads to see if I can uncover some more insight. Thanks for sharing as much as you have already..
Curious - do you still frequent EChat?
Also curious - you refer to a thread that was deleted by moderators. Is it possible to repost this content here? You refer to it as valuable insight for traders but as I only joined ET a few weeks ago, I missed it.
Thanks in advance and good trading,
One indicator that is firing signals off the charts though is a skill indicator, and from your posts it seems that you are a very skilled (and profitable) trader. I'm going to search through your other ET threads to see if I can uncover some more insight. Thanks for sharing as much as you have already..
Curious - do you still frequent EChat?
Also curious - you refer to a thread that was deleted by moderators. Is it possible to repost this content here? You refer to it as valuable insight for traders but as I only joined ET a few weeks ago, I missed it.
Thanks in advance and good trading,
So all this was actually worth it, huh?
Good
