The Stochastic Indicator

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Quote from colina:

Jack,

Your comments about position of IT carrier and its affects I find extremely interesting and insightful (but need to review it thoroughly before I can absorb it).


- Steep negative slope IT channels translate to -> longer duration oversold rockets

- Steep positive slope IT channels translate to -> longer duration overbought rockets

- Saucers ( or the cup portion of the cup and handle ?) IT channels translate to -> approximately equal duration of oversold/overbought rockets

- Double bottoms (tops) IT channels, even harmonics in frequency domain dominate and translate to -> square wavelike (staircase) trends in time domain

- Head and shoulders IT channel reversals, odd harmonics in frequency domain dominate and translate to -> non symmetrical triangularish wavelike (tooths and wiggles) trends in time domain.

Hope I stated the above correctly.




This is some very powerful stuff. Kewl
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The last three expressionsare right on and they will prove vey helpful to everyone. This is how the IT longer term formations pan out on the faster fractals.

thanks Colin
 
Is there a compilation of Mr. Hershey's terms and strategies somewhere on these nearly 200 pages that could bring me up to speed. I have looked as someone indicated, but have not found it.

any help would be appreciated

the terminology leaves me in the dust.

TIA

:confused: :)
 
Quote from nkhoi:



do it yourself, it could be fun:p
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now, now! nkhoi!

I have been a lurker here for some time... and I know you are a nice guy as well as a good trader. :) So give it up!

I already have too much fun, 30 trading years of fun. I just don't have the time over the next 6 months to go through 200 pages. I just hoped that some kind and pleasant person like you would understand the plight of someone who is still an eager learner, and more importantly, OLD ENOUGH TO BE YOUR FATHER!

I'm sure you understand me now! DON'T YOU!



:)
 
Quote from dunkin:




..OLD ENOUGH TO BE YOUR FATHER!

I'm sure you understand me now! DON'T YOU!



:)
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ok, uncle. there were indeed a couple of people trying to do just that but the summary just beg for more questions and soon it will lead back to the original message word for word

edit: just look back 1 page and you see baggerlord summary jack post like this "Translation: Compound interest is good." now that is some translation you don't need.
 
Quote from dunkin:




now, now! nkhoi!

I have been a lurker here for some time... and I know you are a nice guy as well as a good trader. :) So give it up!

I already have too much fun, 30 trading years of fun. I just don't have the time over the next 6 months to go through 200 pages. I just hoped that some kind and pleasant person like you would understand the plight of someone who is still an eager learner, and more importantly, OLD ENOUGH TO BE YOUR FATHER!

I'm sure you understand me now! DON'T YOU!
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Hey dunkin

No joke, start from page one. To expidite the process, focus on jack, dawg, vorzo and tampa early on.

Later, look at icarus, nwbprop, and nkhoi.

Then, go back and fill in what you missed by reading everybody else's posts.

Jack calls it, the "iterative" learning process.

Regards,
Oddi
 
Quote from jack hershey:





you will be able to creme on reverses soon. This is the slalom first tack. I have set you on 5 min
you can go to 1 min and then the 14,1,3 will work over shorter real time period and keep the relativiety working 5 times better than 5 min. This is a waveform time constant issue we are eliminating.

As long as you are in the first segment of CCC you slalom (congestion segment). you keep on the right side of whatpeople who screw up call whipolash and chop here. They did not tack out of fast paced trend into "change" modus with a reversal. You can see right here and now that you are different and you are in the 10% group and actually you are shaving stuff off othr 10% guys.


each segment of CCC is in a different cell. the transition through CCC is a slow one. and you will see that you can stay on the right side by reversing and continuing to take profits. the money velocity is fastest in the middle where the indicator lines are going through the neutral and 50% this is the time to stay relaxed. Check to see that your breathing is deep and not shallow. Sit up and let shackras be filtering between them. Fart if necessary.

As the money velocity slows you are coming into a tack. when the tacks have the same spacing (they will) you are grooving making money.

This is different than most methods. You are getting depth here as well as a breadth you deserve by now. So take deep breadths. Association works.

when you see volume dropping below any mid levels be perpared to slaom to the sidelins as the MACD lines merge and damp to the neutral. STOC keeps at it because it is relatavistic.

you are going to do this over and over. Days ago you saw some here taking more profits per day on doing other stuff better.

I used to go out and single hand my shields boat at Larchmont on thursdays. I always did 30 spinnaker jibes from behind the mast just for the heck of it. naturally in the Eastrn men's championship boat 12 had the best racing record in the round robin. Why? it was because of the way I tuned the boat (we left it tuned as a personal crew rule. boat 12 may still be at the merchant Marine academy..lol

you are getting calibrated and tuned by my pulling on you to get you to a more conscious state.

Okay the convergence is visible. The bunny is winding dowm. you leave when it raches a high noice level. Not much signal being ground through the indicator maths.

you go to the final tools in the "change" drawer after you put away the slaom tools.

CCC is a long winded failure to breakout of S/R levels. So you anticipate a BO. ither it is a BO away from the extremes or it is another "push" to go to new ground. we do not care. No dumb, stupid, inane guessing. Just get out the "bracket" stuff and place it and wait for a successful BO or a beginning and then a slalom on the "failure" to BO. We have all bases covered in any event.

You will see how it all works before Labor day.
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I went back to this post to see if I could "see" more clearly.

You mentioned the Stoc readings(14,1,3)

When DU begins, can we slolom based on vol spikes and Stoc readings in the 1 min chart?

I think this is what I am seeing now. When the trend goes lateral on the 5 min. We start drawing channels and taking signals on the 1 min chart.

I don't know WHY this slolom thing is not more clear, but it is not Labor Day yet, so plug away I will do.
 
Jack,

Thank you very much for providing a much needed lesson. It feels much better to be shaken out of the pattern I've been running for so long. I think progress will accelerate now.
 
Dunkin,

The truth is if YOU dont put in the WORK, you will never figure it out.

If you want to know what is going on, I would suggest on focusing on the first level(beginner). Jack stresses plateaus. Once you get the ball rolling on the beginner level, things will start clicking with an increased conciousssness of what is going on in sequences. Once you reach that increased level of conciousness, intermedieate will start to make sense. etc...

Too give you an idea, I have a dual degree at an Ivy League school and it has taken my dumb ass at LEAST 5 times to read each of Jack's posts to really understand what he is saying. Of course, english was not my major, so maybe thats y i have to re-read so many times.......but i think it has more to do with the substansive content of each post rather than my comprehension skills. Good Luck.

* THE WORK DONE IS WELL WORTH IT.
 
Quote from bubba7:


Get this down right now since we are really on the ball. the long/ short ratio of durations for rocketsm, etc. , affected by the slope of the IT trend that is the carrier.
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Jack,

After rereading this post multiple times, i was wondering if you could please go more in depth with the statment above. Should we be focusing on the ratio of the duration of *time*? Meaning time is the variable to focus on first and that the ratio of time of long to short is affeceted by the slope of the IT?
 
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