Quote from CrescitEundo:
I have a couple questions for anyone trading Jack Hershey's system and would be interested in starting a dialog with any one trading it
*** If othrs comment then we can see more nuances.
-when there is a rocket at sync (or if you miss your initial entry) what do you look for as an entry signal.
**** Enter on sync. Just do it. Here you are giving sync priority. You do this because we need to take risk out of the situation as much as possible. For slalom folks who trade more than rockets, the opposite situation, i.e., centering at open, you bracket and take the BO as the morning "wakes up. It is exactly the same as the post 13:15 wake up.
I have been using the 1 min macd xo but I feel like I miss a large portion of the move waiting,
*****Two points. Beginners wait. They wait for one reason; they can't handle pertibations that can come up. Beginners are making money at a rate possible under low/no risk conditions. It is very important to get rich without having to sweat. By staying out until the trend is strong, fast and rolling, you save all kinds of money: antiperperent costs, poor wash exits, straight dump looses from being pseudo precocious, and all the emotional losses of confident that are totally unecessary to experience.
-is it a bad idea to add to or establish a position at a point 3
*****You need to add funds anytime they are sitting idle by some mistake you made leaving them idol. Beginners, though have a risk management policy of trading the minimum capital possible. That is the amount needed for 1 contract. Slalom players are restricted to the maximum capital that does not require partial fills. this is because they are always one the "right" side of the trade. Partial fills cause slurring effects in being on the right side. I know you can say But....... Try to not think that stuff up. think about where to put extra profits that will not take up your time instead.
-when the price action doesn't traverse to the left side of the channel what is the reversal signal?
*** When you have some sequences written down to play with, you will see flaw after flaw pop up. You can decide during coctail hour what one you take for an exit. If you are a slalom person and you are using momentum level step downs, then you will be using a "change" stategy that has been triggered by prior stuff. This means acing into a reversal on the pivot point. If you are running ahead of these post Q's then add these quips to your list of "to do's" as practice when they come up. It is always good to have a progression of new activities that improve your money velocity daily net. There are people out there that have had some doubles of prior performance at this point. So to be a "performance" trader you should plan on getting your "tool box" souped up. One way we will be doing this is by "fixing" people in other threads. A couple have begun to notice that they can read my posts all of a sudden. Naturally it is because I finally am making clear poats to the ET. It is very difficult in this world to communicate. I absolutely have to move to where you are. For me, I try to but it is not the easiest thing to understand the "why" of others right off. For me te first 25 years were the most difficult. Nowadays there is a new breed of young turkeys out there too.
ie how do you know that it isn't going to make it as apposed to simple a (hiccup) DU?
*****We do not care whether it goes eithr way; we go with the program. as you list more and more levels of detail on your sequences as subordinate ones, you will go through a change in consciousness. (We are headed to a lpace where your consciousness makes all of this an automatic streamlined fun thing all the time). I did a tic tac toe post yesterday somewhere. (either as me or bubba7). The nuance in it was that as the market operating point sits there, future paths to adjacent cells are blocked by sequence events (flaws in the operating point). Finally all alternatives get blocked so you know where you are headed without doubt or risk. I use this technique when I am posting ahead of the market in real time chat rooms. It is scary to some and others "see" that I have a method that I am applying. My SEC "insider trading" citations have all been cured once the SEC troops "get it". strangely corp execs are slower to understand that I am NOT talking to employees to get info that they think I have. LOL. the corp culture strikes again.
-we are not supposed to trade after 3
*****Yes we are. 13:15 starts the pm. A MOC is always there for you too. Beginners usually ar out though.
but i think that that is where the market has been having some of its bigger moves of late, how strictly do you adhear to this rule, it does not seem to be nearly as big as the morning 9:45
****Great observation . Go for it.
-when you are looking at the 5 min stochastics they project the rest of the period and change when time goes by.
***That is so neat to see.
Is there a trick to figuring out if they will really cross, ie is there something else you are looking at, like the 1 min, if so what are you looking for
*****Personal confidence is what I am looking for. I have always found that as Ibought biggr and bigger sailboats, that the ripples don't matter so much. Wheels stear better than tillers. I have introduced "entwining" to cover all this stuff. when you think as a beginner, you are looking to make money on strong trends ("entwining above the 80 or below the 20). you creep into a 75/25 mental framework as you emphasis "entwing". You leave the "over" whatever thinking in the toilet. By sitting tight and looking for point 2, you get over the chills and pruning your puss. After point 2, you see the first easement in the trend (on takeoff we want to get up high enough to cut the ground noise problem and we want to gain airspeed so we can be more efficient for the whole trip). you make it to point 3 and you do not go hair trigger brained.
It definitely is tough. If you get conscious of the cell blocker flaws that are potentially there, you will find that when they show up (especially slalom guys) that you are in a "change" modus. Beginners barge through this and look for a wash exit simply because they see sequencing is pooping out and gettin a point 2 is not in th cards.
You are going for point 2. If you are progressing, relax in your attire.
The key is doing everything a 1000 times. I do put myself where you are as best I can. I can say that at least you are a millionaire from reading your stuff. It may not be manifested yet but it is just a fact of life for you.
