Why does TA not work (for you)?

[Duref Mudgins]

Quote from jack hershey:

I have a complete system for trading the markets. So far I have filtered its use to only people who use their surplus profits to help solve local problems.

Once a person with an agenda that is not a good one hears my answers on your podcast, he may be able to think through how to reverse engineer it. What has worked for 54 years is that the bad guys cannot understand what I do simply because they do not "do the work".

I do not want bad guys getting our trading set of skills.

Shame! Fie upon you, Jack Hershey! How small minded of you in your defininition of a "local problem!" I have a client who is also a critic of yours. He proudly says to me "I am a steward of the earth!" When I point out to him that he cannot be a steward of the entire earth, he clarifies "Well, of my little third acre." When I ask, and how do you shepherd your third acre, he swells his breast and says "I make a home for myself, a current wife, her disagreeable cat, a score of doves, a family of ungrateful squirrels, several bushes full of sparrows, a chimney full of swifts, several rat snakes, a few hummers, countless lizards, my share of the neighborhood's roving raccoons and 'possums, the mangy pack of coyotes that rip up my garbage, one lone teenaged cougar, a brace of rabbits, tens of thousands of fire ants, ravens who get their vitamin C out of my compost bins, and songbirds who refuse to sing until I feed them. Oh, and the occasional rat, which I promptly kill."

THAT is a LOCAL problem! Such a man, bad or not, deserves your largess because he is a steward of the earth! I think that in Tucson nothing thrives but cacti, so I can perhaps forgive your oversight. The LOCAL man buys birdseed and rabbit food and puts out water for the animals. And feeds the current wife and her disagreeable cat! That costs money Jack!

 

[Duref Mudgins]

Quote from jack hershey:

People with different than ordinary minds can look at problems differently.

I found this out in 5th grade with fractions and in HS and with chemistry and physics.

At WECO, I found out how to do electronic sub- assembly testing to not have miswiring failures. That is when I determined how money related to havin a different type mind. Being an MTS at BTL while still in grad school was another sign.

Joining IBM and becoming active in trading in 1957, ended having to work. The SEC getting a computer was hilarious because they saw me as a super criminal. The hilarious is a "look-back orientation. At the time, my lawyers (broker lawyers) ware almost as dumb as the SEC. In the end they all agreed I couldn't know that many people (A harmless and great solution).

I got involved with women through ski racing (See first year(s) of Warren Miller). Sexy blondes who liked snow and sand and the slate beaches at Monaco. See Who's Who of Women. Then Princeton sorted them and I met an enviromental psychologist. See Cos Club in NYC. At CMS and SS time I met Liz. She is the Rolex winner of the insurance industry. She traded at 30% a month starting in he 6 digits. Middle one was champ in book writing.

Now its 2012. It is something to see all the minds being destroyed by military exposure. AND Higgs.

We do sit around and marvel at why no one can duplicate the system that works.

I printed the SPY I circled and saw that the 20ma is 1/3 slower than my trading fractal on ES. The 20ma had a non degapped carry over, though. Ughly to think about.

I missd your post.

It is hard to explain to these characters here how huge systems work and how to front run them. the sving grace is that the wrong solutions prevail and the hustlers can sell them to the innnocent.

wre I to comment on how things work upstairs, I would say I am primarily a sub conscious person and it is very easy to see how hard my brain works while I sleep. Walking is the same. I do 3 miles each day of weekends, so I just get out the white paper and write the logic down, either when I wake up or stop walking.

Tofte was a great adventure for me. So was the Jung Institute.

If you can get ahold of "The Mud Island Study". The center fold is the logic of iterative refinement for architectural design. The AIA's book on how the built and natural environemnts connect is another one of my goodies. The cover is very cool. Volume 2 of the water book has the interfrence tables in it for fixing the APHA waer testing. I concentrated on how the organic industry affected water; no one had thought about it at that time. Now, DuPont makes zillions fixing other companies errors.

What I like most is looking for people who can ge a little glimmer of how the market works. Once on ET a guy can right up beside what he needed to discove. and then he went in another unreasonable direction. It is all how neuroscience operates; the market is a huge mind and not one gets it that that is the structure.

My fav theoretical phys prof was Peter Gabrial Bergman very swift transfer guy.

SA turns out to be a good ticket to get jobs done.

I missed your gift; I'll look around. I really hought you would have had fun watching me make a noob rich fast. Too bad; ET would have had records posted.

I'll take that as a yes that you are "remote pedantic and socially inept." It is little wonder that you do not like me. How aggravating it must be to be criticized by your mirrored self. And I am crushed that you did not see my loving gift to you. I only have twenty aliases, Jack! Get on the ball! Monitor them all! Get out those three-ring binders and start printing! I can tell when I am on to something because when I post a major discovery in jocular fashion (or is that jockular, I forget), I receive ZERO response from ET! ZERO!

 

[jack hershey]

Quote from Duref Mudgins:

Shame! Fie upon you, Jack Hershey! How small minded of you in your defininition of a "local problem!" I have a client who is also a critic of yours. He proudly says to me "I am a steward of the earth!" When I point out to him that he cannot be a steward of the entire earth, he clarifies "Well, of my little third acre." When I ask, and how do you shepherd your third acre, he swells his breast and says "I make a home for myself, a current wife, her disagreeable cat, a score of doves, a family of ungrateful squirrels, several bushes full of sparrows, a chimney full of swifts, several rat snakes, a few hummers, countless lizards, my share of the neighborhood's roving raccoons and 'possums, the mangy pack of coyotes that rip up my garbage, one lone teenaged cougar, a brace of rabbits, tens of thousands of fire ants, ravens who get their vitamin C out of my compost bins, and songbirds who refuse to sing until I feed them. Oh, and the occasional rat, which I promptly kill."

THAT is a LOCAL problem! Such a man, bad or not, deserves your largess because he is a steward of the earth! I think that in Tucson nothing thrives but cacti, so I can perhaps forgive your oversight. The LOCAL man buys birdseed and rabbit food and puts out water for the animals. And feeds the current wife and her disagreeable cat! That costs money Jack!

A 20 pound bag of wild bird seed is 8 bucks here. I buy 100 pounds a trip plus one 15 dollar block. A bag lasts 3 days.

A lot of vets live on the desert and even more live here as homeless.

Our parks work really well here. Its about 108 now so people do stay in the shade.

I make sure out irrigation for our citrous grove leaks.

 

[jack hershey]

Quote from Duref Mudgins:

I'll take that as a yes that you are "remote pedantic and socially inept." It is little wonder that you do not like me. How aggravating it must be to be criticized by your mirrored self. And I am crushed that you did not see my loving gift to you. I only have twenty aliases, Jack! Get on the ball! Monitor them all! Get out those three-ring binders and start printing! I can tell when I am on to something because when I post a major discovery in jocular fashion (or is that jockular, I forget), I receive ZERO response from ET! ZERO!

I like you.

We decided not to work together.

It would have been cool for you to edit a five book suite for Prentice Hall.

 

[Duref Mudgins]

Quote from jack hershey:

A 20 pound bag of wild bird seed is 8 bucks here. I buy 100 pounds a trip plus one 15 dollar block. A bag lasts 3 days.

A lot of vets live on the desert and even more live here as homeless.

Our parks work really well here. Its about 108 now so people do stay in the shade.

I make sure out irrigation for our citrous grove leaks.

Take care, my friend. Sometimes the wild animals bite. And the wild humans.

I pay 14 for a 40# bag at Lowes. It takes a lot to make me cry, but last winter in the middle of the day we saw a young wildcat munching on birdseed, it was so hungry. So now I snare and stake out baby rabbits for them. And to whichever of the four or more of you who responded to me, I thank you. "Citrous" as priceless!

 

[Duref Mudgins]

Quote from jack hershey:

I like you.

We decided not to work together.

It would have been cool for you to edit a five book suite for Prentice Hall.

Jack, I am too fond of you ever to attempt to work with you. The instant you saw my trading screen you would fall blank-eyed to the floor frothing at the mouth and hemmorhaging from the nose. You led me such a merry chase all those years ago that I fell into a deep extended coma and woke up with a new vision of market action. It incorporates much of what you tried to teach me, but off at insane tangents. Volume? I have a volume that you would say is not volume. DOM? I have a DOM that isn't a DOM. Rockets? Mine are like an owl leaping off of a slender branch. Leading indicators? I have the ring in the hog's nose. Breakouts? Which fail and which continue? You are too virtuous to divine the difference. Evil has it's virtues.

BTW, I did write a book which is still in print nearly forty years later, so I appreciate your accomplishment with your architecture book. To write a book which may outlive you is quite a legacy. Disregard all I said if the elemental conjoined mind reading this is not the real Jack. Sycophants are syckening.

 

[athlonmank8]

Quote from NoDoji:



It was the toughest thing to get my opinion out of the way. There's a guy on ET named Tomahawk and he constantly reminded me that "the market rewards what is difficult".

What is difficult will eventually becomes a muscle memory after time with enough practice.

There are 2 things to work on.

1. The analysis
2. The execution. (THIS IS THE HARD PART)

But once you perfect #2 your trading will become silky smooth.

If the execution is poor it either isn't an edge or your trading doesn't fit your personality.

 

[NoDoji]

Quote from athlonmank8:

What is difficult will eventually becomes a muscle memory after time with enough practice.

There are 2 things to work on.

1. The analysis
2. The execution. (THIS IS THE HARD PART)

But once you perfect #2 your trading will become silky smooth.

If the execution is poor it either isn't an edge or your trading doesn't fit your personality.

I had trouble for a while because of that last part. My solution was to cultivate a separate "trading personality". This personality pulls me aside and says to me in a kind and loving voice, "When I take control of your hand to place this order, just look away for a few seconds and it won't hurt a bit."

 

[Trend Following]

So that answer is a decline to be interviewed?

Quote from jack hershey:

Lets call my viewpoint fear.

I have never seen any of your interviews on a podcast.

I have a complete system for trading the markets. So far I have filtered its use to only people who use their surplus profits to help solve local problems.

Once a person with an agenda that is not a good one hears my answers on your podcast, he may be able to think through how to reverse engineer it. What has worked for 54 years is that the bad guys cannot understand what I do simply because they do not "do the work".

I know you are CW oriented and you operate from the vantagepoint of learning to make money. I operate from the vantagepoint of using how the market works to be able to partner with the market by using a proper contract with the market.

My main goal right now is enabling redeployed Vets who have families and who cannot hold jobs. They will receive 15K a month from a source. I want to have a team sending out checks daily from the proceeds daily. Every month a family gets a check.

We want he vets we care for now to recruit their buddies and so on. we hope the vets who get checks will go through our mind/body program.

I do not want bad guys getting our trading set of skills.

I do not post the charts we use because they are different in appearance and that difference can't, apparently, be thought up by anyone else so far.

We use the Pattern. I gave it to you and explained the difference of up/down and right/left thinking.

They did not name the trendlines left and right for no reason. trendlines are not named as are support and resistance lines.

You are steeped in the myths of CW. To talk with you about the right/left world would be like talking to a foreigner.

I have a different vocabulary than the CW vocabulary. The CW vocabulary assigns mythical things to its words. Look at the mythical wikipedia world.

My view is that a trader is all in ALL the time and in any market that has liquidity. We see no noise, no anomalies and no flaws. We do not do entry/exit; instead we do hold/reversal. Edges are the myth that gets the marginal results as measured against the market's full offer.

You, your audience, the finacial industry and the academic world generally think in the same way. This means deals are made with agreed upon marginal values that are ridiculous to me. If I did those type deals I would be keeping most ot the work done and the people would be satisfied with a pitance (all they could get in you world).

I need to pay Vets continually and provide help for them to deal with the gift the chain of command is handing out along with the stigma they are told they have.

I do not want to change anyone's mind about anything.

The finacial industry is from whom I do the "taking". I provide money to people where they got fucked by protecting our constitution. You are on the bad guys team.

Watch the Temple Grandin Story and see how she helped steers to be happy in the face of a total redneck world.

She explained to the world how an autisitc mind works (diffrently). Her mind took care of business.

She always feared gong through doors.

I am like her. I think differently and my mind is at an extreme as minds are measured.

You are a symbol of what is wrong with Main Street putting trust in the money business which is badly broken by schemers and cheaters and people who get paid off.

I am a rebel. Ask Lola Redford, Chavez or Hoffman or Justice Douglas or the guys I worked for at EOP. We slipped the good news to a lot of people and never were on the take. I'm not called the "Green Mafia" by mistake.

I know how to take money away from the crew you represent. times are changing.

You have a cute concept of fear.

 

[ammo]

Quote from NoDoji:

I understand this point you guys are making, but we're not machines. We won't "randomly" pick and choose using a coin flip. We have a tendency to personify price action and choose unwisely

the market banks on this premise