Quote from jack hershey:
Your blue comments show that I was not able to communicate with you.
You are a generic example of those with whom I have failed to communicate.
Making this about me and framing yourself as a misunderstood genius is an example of coercive persuasion worthy of con-men, politicians and religious activists. Such illogical propagandistic devices are not acceptable in scientific community
Thus I have a problem with imparting salient information to others such as you. You have no faults as you have made clear.
The result is that I am unable to show you how to become waelthy in a short time as others unlike you have managed to do.
I assume many others have supported your learning and that you have some sort of approach and methodology that serves you well. It may be worth your while to develop a readership for your offerings. My readership is, I'm sure, enjoying your commentary and they understand, quite well, my failures to communicate to you.
Your readership lacks critical thinking skills and a rudimentary BS meter, making them susceptible to coersive persuasion. They refuse to acknowledge that which is right in front of their eyes â it is not possible to be consistently profitable while jumping fractals.
Below are some of these failures I have committed.
I used nested and it was understood as a serial term instead of a concurrent term. My bad in using nested to convey a thought that is like the Russian wooden dolls which fit within another in a volumetric sense. I only look at the crossection of the dolls and see their boundaries as one within another all there at the same time.
I missed on communicating that time, in the study of markets is misplaced and instead there is an order of events. You see fractals as happeming serially and I see all fractals as ever present and never ending.
Trends of various magnitude exist. You call them fractals. People who use that word in the course of their profession would disagree with describing them as such. Trends do not know that you exist and occasionally refuse to overlap at point two. The order of events exists for you only in hindsight because your paradigm lacks the tools to differentiate between retrace and reversal.
You understand how for you time passes and from day to day fractals begin and end. FBO's mean something to you and after one, making money is a concern. Certainly, we disagree on how we make money and you see the applications we do as losing money. Generally our approach is done by the importance of the set and ranking in the set of principles. I have failed to communicate this to people who have your personal characterisitics. I believe the majority of readers are like you. I am in the minority as is each promulgator of any particular methodology. The majority does not have a particular methodology.
FBO's mean something, period.
One of your rules advises to reverse on the green bookmarks. It is the same nonsense that Spydertrader packaged as anticipation vs. prediction, âenter at the first sign of change and reverse if WMCN does notâ.
La-di-da-di-da.
To get away with it profitably, one would still need to differentiate between the retrace and reversal on tick chart level! It is f-ing obvious!
One canât be consistently profitable jumping fractals, whether you do it on tick chart level or on 5 min bars, and neither you, nor Spydertrader have the solution. Years ago some smart people tried to point that out, but were branded as detractors and phishers.
You represent the majority to whom no one can advocate a particular method. I am a failure in communicating what is required for you to become wealthy.
I believe we can easily agree that what I communicate does not work in any way whatsoever for you. Fortunately, you have, briefly, explained your position so others can understand where you are coming from. I, at great length over 53 years, have continued to answer questions of others who wish to learn and to trade successfully.
At one of your meetings, where you were following the market in hindsight, a person from the audience asked you a question about ftt. He was the sharpest tool in the shed and went straight to the crux of the matter. He wanted to know when to enter on ftt to breakeven if he had to reverse when wmcn doesnât follow.
Many have succeeded and passed it forward to others. They also contribute time and money to help solve local problems.
Your answer was the finest example of avoidance, intentional vagueness and obfuscation. Something that politicians do when they want to âstay on the messageâ. You told him that if he is too late, he is screwed. Which is true. I was hoping that he would be outspoken in addition to being sharp. I was dissapointed that he didnât tell you and Spydertrader to go ⦠yourself and not waste his time with nonsense. My guess is he was a nice guy and simply looked at some charts to conclude that he would be equally screwed if enters too early as well, and that no middle point exists where he would not be screwed. It is the easiest thing to see. All one has to do is review some charts.
If you ever come up with some questions, ask them and maybe someone will be able to help you out.
The âanswersâ provided by you and Spydertrader always confirm the bacis pattern: disengage, avoid, obfuscate and reframe. What makes you think that there are any takers left to swallow the BS of that kind?
Technical Strategy
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The green commentary is filled with many errors. Some are repeated in the prior blue comments.
for those who want the corrections review:
1. Nested fractals.
2. Our definitions of retrace and reversal (which included the differentiations)
3. The single pattern which provides the order of events.
4. How bookmarking ftt's and FTT's work.
5. The significance of point 2 as desribed by space zones on "clean page four.
6. The math used in trading systems is dictated by the markets: The result is Boolean Algebra where the values (1's and 0's) are assigned to the first derivative of P and V with respect to time. As such, vector values are used exclusively. CW uses scalar values and probability statisitics. These wo apporaches could not befurther apart.
Trading ftt's or FTT's was dealt with in detail with SKO and the window of the trade was expressed as a period from the first chance to the second chance. The conversation was didactic rather than as is this rather angry back and forth.
I made the point that a person wedded to CW cannot use PEP and its applications (PVT, SCT and SSR) effectively since they are separate parts of a Venn universe and do not overlap very much if at all.
Science requires deductive methods. And it is good to have a common vocabulary. CW is basically an inductive betting and risk control process. Neb uses such he tells us. I do not. We also have different belief systems which do not overlap. My suggestion is that I will ignore him from now on.
Quote from SnakeEYE:
Abstract
Quote from jack hershey:
The 8 basic rules for annotating and doing analysis to stay in the market all the time and take the full marketâs offer. (Note there is NO predicting nor betting nor stops required.)
1. Annotate using a parallelogram.
2. Trade from FTT to FTT of the trading parallelogram.
3. Use hold/reversal trading.
4. Use a green bookmark at each FTT.
5. If a bookmark is violated, then reverse and hold until the new FTT.
6. If an internal (there are 10 cases, only) bridges or straddles the RTL, then fan the RTL.
7. Accelerate the RTL on VEâs of the LTL.
8. On VEâs the FTT will show up after M1 and M2 sub-fractals when VE closes in the zone between the old and new LTL. Otherwise, if the close is NOT in the described zone, reverse on the VE close and use the VE as the new point 1 (See step 1 above) of next parallelogram.
SnakeEYE:
''6'' - the cases are compressed,the cure is found.(almost)
''7'' - the complete cure is yet to be found.hard to deal with the swans so far. [/B]