Why the controversy? Jack Hershey SCT system works just fine.

[daniel33]

OP,

I don't mean to rain on your parade but you got any evidence to back your conclusions or are you just excited because the method works in hindsight ? This is precisely the main reason why so many people attack SCT, it's all claims, no substance.

Not trying to cause any stirs, just being brutally honest.

On the other hand, if you could please post what SCT is in basic form, I would appreciate it. Unfortunately, I'm too darn damn slow to learn from that journal, so many obscure words and concepts are used to overcomplicate trendlines and volume, I just lost it after 2-3 posts, threw the towel.

If this method is really good, someone needs to clean up the shit and come up with an easy to read document, not the bullshit that was presented.

Looking forward to your reply.

Daniel

 

[MandelbrotSet]

Quote from Trader666:

LOL!!! You're a poser just like the rest of them... a few weeks ago you didn't even know the basics and now you're an SCT superstar. How typical

hello guys

I need help

Would someone have the kindness of pointing me where i could find information on how to manually draw the volume gaussian lines. i have read thousands of pages of posts but could not find anything on the subject

i would greatly appreciate.

thank you very much


http://www.elitetrader.com/vb/showthread.php?s=&postid=2066041#post2066041

WHY does this not surprise me?#!?

LOL, Trader666.

I see another Hershey Classic being setup here.

 

[Trader666]

It's not, which is precisely why this has never been done and never will be done. As the saying goes, if you can't dazzle them with brilliance baffle them with bullshit.

Quote from daniel33:

If this method is really good, someone needs to clean up the shit and come up with an easy to read document, not the bullshit that was presented.

 

[ehorn]

Quote from daniel33:

OP,

I don't mean to rain on your parade but you got any evidence to back your conclusions or are you just excited because the method works in hindsight ? This is precisely the main reason why so many people attack SCT, it's all claims, no substance.

Not trying to cause any stirs, just being brutally honest.

On the other hand, if you could please post what SCT is in basic form, I would appreciate it. Unfortunately, I'm too darn damn slow to learn from that journal, so many obscure words and concepts are used to overcomplicate trendlines and volume, I just lost it after 2-3 posts, threw the towel.

If this method is really good, someone needs to clean up the shit and come up with an easy to read document, not the bullshit that was presented.

Looking forward to your reply.

Daniel

Hi daniel33,

I recall you have made previous inquiries regarding Pool Extraction and specifically SCT.

Contrary to what some would have you believe, there is no mysterious, secret or complex recipe to understanding and applying Jacks techniques. Everything has been laid out and shared. The principles are not difficult but do require time to understand and apply correctly. Any individual who is willing to put forth the effort to study and perform the work required to understand and apply the principles can do so.

The Journals teach the student how to perform the work which allows a person to see how the market operates. In effect a person must build his/her mind (i.e. make the connections among the various principles and their use and application). As time passes and the techniques are performed and applied, the student begins to see that the market does not operate in randomness but is orderly and can be seen, understood AND anticipated. This understanding allows a trader to know what is happening and what must occur next (Price/Volume relationship) in order for the market to migrate from point to point. The journals are laid out in a very logical manner but do take some time to work through and, as Tums suggested, focusing on Spyders posts will speed the uptake.

If you are interested and have not read it, I believe Channels For Building Wealth is a good primer to Jack principles regarding SCT.

Best wishes.

 

[Fractals 'R Us]

Jack is the last of the great buggy whip makers. Buggy whip makers are the icons for people that got put out of business by the automotive revolution. Autotrading schemes will be pulling down more money than SCT folk in the future, probably some are doing so currently but are not needful to draw attention to their successes like Jack is...

 

[daniel33]

Quote from ehorn:

Hi daniel33,

I recall you have made previous inquiries regarding Pool Extraction and specifically SCT.

Contrary to what some would have you believe, there is no mysterious, secret or complex recipe to understanding and applying Jacks techniques. Everything has been laid out and shared. The principles are not difficult but do require time to understand and apply correctly. Any individual who is willing to put forth the effort to study and perform the work required to understand and apply the principles can do so.

The Journals teach the student how to perform the work which allows a person to see how the market operates. In effect a person must build his/her mind (i.e. make the connections among the various principles and their use and application). As time passes and the techniques are performed and applied, the student begins to see that the market does not operate in randomness but is orderly and can be seen, understood AND anticipated. This understanding allows a trader to know what is happening and what must occur next (Price/Volume relationship) in order for the market to migrate from point to point. The journals are laid out in a very logical manner but do take some time to work through and, as Tums suggested, focusing on Spyders posts will speed the uptake.

If you are interested and have not read it, I believe Channels For Building Wealth is a good primer to Jack principles regarding SCT.

Best wishes.

Ehorn,

Thank you for your post and for the link, just downloaded it myself.

Would you happen to know who is John Hershey, any relation to Jack ?

Thank you
Daniel

 

[fluttrader]

Quote from daniel33:

Ehorn,

Thank you for your post and for the link, just downloaded it myself.

Would you happen to know who is John Hershey, any relation to Jack ?

Thank you
Daniel

I think John is the son of Jack

 

[Neoxx]

Quote from daniel33:

if you could please post what SCT is in basic form, I would appreciate it.

Daniel

At it's most basic level, SCT is trading based on volume and dynamic support/resistance.

 

[MandelbrotSet]

Quote from Neoxx:

At it's most basic level, SCT is trading based on volume and dynamic support/resistance.

At its most basic level, SCT is trading based on price movement within channels, on both the trending and non-trending (known as rectracements for non-SCT traders) levels.

It also incorporates volume studies, but the primary focus is on channels.

 

[Neoxx]

Quote from MandelbrotSet:

At its most basic level, SCT is trading based on price movement within channels, on both the trending and non-trending (known as rectracements for non-SCT traders) levels.

It also incorporates volume studies, but the primary focus is on channels.

Channels = Dynamic support/resistance