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Quote from Nebuchadnezzar:

I pointed out two instances occurring on the same day (Fri) when his rule 8 failed. Hershey always avoids responding when confronted with the facts. It is rather boring. The other freak, the spydertrader, was a bit more creative. He came up with two radical twists: "telling people what they need to hear, instead of what they want to hear", and the "subtle differences" rebuttal. The former was used on newbs and the latter on the old time followers who were beginning to catch major inconsistencies in his bullshit. Usually worked like a charm stopping them dead in their tracks and making those miserable idiots spend the next 6 months looking for those "subtle differences".

There is something definitely wrong with these people who "iteratively" perpetuating the same crap over the years.

There also should be a special entry in the Diagnostic and Statistical Manual of Mental Disorders for the enablers like icarus.

Look at him casually mentioning that he knew to hold through 1100-1105 retrace on Fri. That hold would be predicated on belief, whether explicitly articulated or not, that FBO's can be reliably used as point 1 for a new sequence. That belief has absolutely no rational justification at all. Simply glancing at the charts is sufficient to conclude that he is just as full of crap as hershey or spydertrader.
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LOL!!! Oh shit, you've deciphered Spyder's Yoda routine dead on. Hilarious.

As for me, I don't mind that you think I'm insane, but an enabler? Hmm...that's a good one. I hadn't really thought of that. Maybe you've figured me out.

Nah.... This is how I know you're full of shit: You think you've figured out how I trade. And I KNOW that's something beyond your grasp.

“No rational justification” for how I trade, you say? LMAO.

I don't know how to respond to that. You are obviously way smarter than me. Like Wile E. Coyote, you are a super-jeenyus.

If you were a trader yourself, it might be possible for us to carry on a conversation about our understanding of Jack's methods even though we didn't see eye to eye. But it was obvious to me from the get go that you don't trade. You are a debunker of trading methods, not a user of them, which is why I bullshit with you, because bullshit is what you can understand.

I don't want to discourage you, however. Keep at it. You might hit the right nerve and get me to spill the beans.
 
OK yesterday I posted a chart that was not commented on. it was a QUICK look and future looking look.

Today i looked back and compared my prediction to what happened.

I was really expecting a down day but it opened higher. above resistance is absent. once seeing a move in that direction i would go back and find the resistance lines for highs. To put all lines is next to impossible


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Remember this was a quick look. finding opportunity to make a quick buck may not be evident
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Unfortunately, some of my lines from yesterday and today were moved. I'm not sure which were moved or not but you can have a look I have named my lines.

ORIGINAL LINES ARE GREEN AND FIXED LINES ARE YELLOW


CHANGED LINES
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On the original, I had made 2 lines with zigzags in between them.
On the new chart they are named TL 13 and 14. You can see how the zigzags were moved down. There angle was changed. Other lines look like they are OK. I have talked to TOS about this. If any one knows why this happens I'm dying to figure it out .



TL6- I'm not sure where I derived this line from when I look at it today it should of been TL7 or TL8

Keep in mind TL7 and TL8 were entered today! But based on yesterday data. To put all lines in would crowed the chart.

But it is very possible that TL6? was skewed and is actually TL7 or TL8

sorry its not my fault my chart was messed with on tos

Anyways TL6 (where ever it cam from ) is still valid pointing to where price gravitated to.

TL7 is the same but shows the bottom of price better.

TL8 i'm pretty sure is completely new.. but based on yesterday.



LETS MOVE ON TO "FRACTALS"
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A word on fractals. Like I mentioned I'm not susre of your definitions. But you can see as price passed my lines there is a difference in fractal skewing. I have not looked in to yet yet


You can see how fractals or volatility are effected by the trend lines. As soon as one is crossed there is a reaction to price direction and volatility.


RESULTS
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In between TL 7 and TL 8 there is a green diagonal upward facing line i forgot to label it will be called TL A

TL A is green meaning it is from yesterday. It intersects TL7 and at this point we see a change in volatility and price direction.


TL 9 and TL 10. It is very clear WE SEE A GREAT CHANGE HERE.


WBOH-was extended. This line was labeled not as a TL but a WBOH for a reason. It was labeled differently yesterday.
You can see the sharp drop when it is crossed

And finally we can see it respecting TL 12 very clearly

my goal line is yet to be hit


THATS IT , IF YOU HAVE ISSUES WITH THE MESS UP KEEP READING BUT IT SHOULD BE CLEAR


a word about the changed lines. Firstly, price is done in the here and now. we do not look ahead, we look at what is happening. based on this anyone who can even make one line looking ahead is a genius. (not something i believe in)

2nd. Yesterdays trend lines are all correct. TL6 is a good line. It is green and part of the original. It represents the top channel of price for a bit. Though there was a break out initially. TL7 is just the same thing but showing the bottom and may be easier to trade. Yes it was changed. but TL6 is original

If i didn't see the change zigzags in TL 13 and 14 I would of gone ahead and not placed those new yellow lines.

IF you wish to share ideas im open, if you are turned off by the fact a line was moved then stick only to the green lines. or find a way to place today pivots on the original.

I really do not want to hear "you changed your lines" the only reason i did this is cause im certain tos changed them. but feel free to use the original.

AGAIN,
To be fare the yellow lines were put in today .. 1 of them may reflect TL6?
 

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here is a chart i sent it live to traitor 666 so you cna confirm

you can see price go around my line without failing the bottom line..

at this point,, new lines woudl be needed but we see price stay in the more horizontal lines so far today ...


sorry to post charts on this thread,. it really started off good and kinda went down hill... seems like theres some smart people watching this thread...
 

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Quote from frenchfry:

Jack, I have further questions...

Question 1...
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That is a super thoughtful post.

I was unable to understand from your posted chart how far you have come in trading. My apologies.

Your narration is terrific and it points to how a person can progree from the first skill level of beginner up to advanced expert.

If a person has worked through cycles 1 through 10 and is following the principles as he has detailed them out through the experienceof repetition, then he gets to the place where, from his mind, the series of inferences that you have narrated arrive on the scene to match the infolding sensing.

One of life's rules is that a person will be presented with the same challenge over and over until he decides to and meets the challenge and makes its solution part of his bag of tricks (or arrows in his quiver).

I did the cycles 1 through 10 to iteratively refine the trading all the way up to expert or advanced expert level.

It was so cool for me to read your narrations and recognize that you DO SEE the opportunites to trade and you know just why and how to make the trade. And you recognize that at all times there are but only two possibilities and one of them is correct and the only possible chioce at that event in the well known order of the events.

What all this means is that you DO take all the trades on the faster fractal and you also use the YM 2 minute chart to reveal the even faster fractal. Also you can bring to bear the 10 to 12 leading indicators of the ES price on this fastest observable fractal.

Congrats on taking the steps necessary to "put the pieces together". I'll go through your next two Q's right now.
 
Quote from frenchfry:

Question 2...
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As I remember the chart andthe extention of the past short "medium trading fractal RTL and LTL, for 2. there was a VE plus a zone consideration and you went long (Medium fractal and all faster fractals at that time)on the VE. On the video at the very end of just afterwards, Don and I did it on the blackboard at four different moments as various kinds of details on the reversal made there. We were looking at how much more money could be made by the extent of the drilling down.

There are some trading issues to deal with when setting protective stops is no longer possible (you are classed as a "big trader")

For 1., the best play is to take short ASAP according to your skills. That way you make money long then short then go into the Meduim wieght container and do many trades on the way to the end of the container.

If you are at this trading level you recognize the mefium container as the potential ocean in which to make money and make a lot of money. Holding a lot of contracts means you are punching in a lot of partial fills as you round the internal turns of the container.
 
Quote from traitor786:

sorry to post charts on this thread,. it really started off good and kinda went down hill... seems like theres some smart people watching this thread... [/B]
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Im still waiting for the insightful stuff , the smart people must be watching because there is no doubt none of them are posting . the intellectual snobbery here masquerading as trading advice isnt really worth the time involved reading it unless you enjoy soap operas . time for an old cliche , must say i love these old cliches , saves me using my brain ;-)


“Anyone can make the simple complicated. Creativity is making the complicated simple.”


absolutely no doubt that no-one here is guilty of that :D
 
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