The Stochastic Indicator
- Thread starter jack hershey
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Spoken like a true cult leader... the problem is when one does a search of Amazon.com for any one of those 30 books and gets a selection of dinner menus involving cheese and chocolate:
Restaurant Menus: See all 12 results...
See "Jack Hershey" on Page 4 of the menu at Silver Cloud (Restaurant) Chicago IL
See "Jack Hershey" on Page 6 of the menu at Harry's Velvet Room (Restaurant) Chicago IL
See "Jack Hershey" on Page 2 of the menu at Red Robin Gourmet Burgers & Spirits (Restaurant) Seattle WA
You're very effective at what you do... separate or ignore the critics (seasoned pros like wally) and encourage the others to drink the KoolAid. Is your middle name Jones?
Plant ideas in their head that they can earn 8% per week (46.9 times initial capital for you annual compounders) with a tool kit that is at best mediocre. Where are the performance numbers? Where is the track record? Do you hang out with Buffett? You're a big name on message boards, that's about it.
The methodology appears to be a disparate collection of little science experiments that lack any kind of collective lucidity, but perhaps that is the intent. I'm not denying that the thread may be instructive to the beginning trader, but I could start a thread named "The Big X", which would describe a framework for trading the letter X. Just put a big letter X on your chart, buy in the north space and sell in the south space. You're a graduate of an engineering school - back it up with numbers.
With regard to A or B, maybe you should reserve a special hybrid category: BA = Bullshit Artist
Devoted followers, feel free to flame away. It's just a little post on an electronic message board. I don't think the archaeologists will be roping off any city blocks when they find this post.
PTR
Jack,
Thanks for answering my questions and for the detailed (very detailed) series of posts from yesterday. I see that I've been using half a toolbox in my trading and will work on getting tools in that other drawer.
Having a complete toolbox might have been handy this morning, as I found myself on the wrong side of a BO while slaloming what looked to me to be congestion. In light of Wednesday PM, I was in continuation mode and looking for CCC. Any suggestions?
I've also been thinking about how I too can produce Tomorrow's Paper Today. On the attached chart I've made an attempt. I would be grateful for any comments.
I know you put a lot of effort into teaching this stuff to anonymous traders like me. You have your detractors, but there are others here who know the value of what you're doing. I can't thank you enough for sharing your insights.
Thanks for answering my questions and for the detailed (very detailed) series of posts from yesterday. I see that I've been using half a toolbox in my trading and will work on getting tools in that other drawer.
Having a complete toolbox might have been handy this morning, as I found myself on the wrong side of a BO while slaloming what looked to me to be congestion. In light of Wednesday PM, I was in continuation mode and looking for CCC. Any suggestions?
I've also been thinking about how I too can produce Tomorrow's Paper Today. On the attached chart I've made an attempt. I would be grateful for any comments.
I know you put a lot of effort into teaching this stuff to anonymous traders like me. You have your detractors, but there are others here who know the value of what you're doing. I can't thank you enough for sharing your insights.
You're last two charts are so clean and the shift from 5 to 15 is very neat. You are still on a "continuation" only wavelength; that is kewl.
You definitely see the signals and I get it that you act on them.
You definitely see the signals and I get it that you act on them.
When you print during the day like today, it makes it clear that you see that what is coming is the beginning of the new ball game. This is very helpful as a demo to others.
Super chart and such a clean example on the 1 min. If you are up to the level of slaloming this is good stuff to make a note of.
i am working on setting up stuff in the journal (Tool Box). the edit on this will complement the tool box.
for a systemmic approach I will call tool box stuff structure and include the market structure as part of the environment.
The edit is going to be mixed up chronologically so that the process is best defined on a lot of levels.
Systemmic results can be quanand qual later after we see how well transference is going. I use "Greenspans" in other forums; here, I will pick a few people as different performance standards.
I've attached the following chart. Should be self-explanatory. I saw the tape cleaner on the 15m but I took the entry on the 5.- Status