price levels are to the right in the chart you have.
http://www.elitetrader.com/vb/attachment.php?s=&postid=1731744
The price levels are clear.
Can you trade?
You couldn't see a signal if someone smacked you upside your head with a streetlight.
Why the controversy? Jack Hershey SCT system works just fine.
- Thread starter Learning_SCT
- Start date
price levels are to the right in the chart you have.
http://www.elitetrader.com/vb/attachment.php?s=&postid=1731744
The price levels are clear.
Can you trade?
You couldn't see a signal if someone smacked you upside your head with a streetlight.
LOL
Can you?
I bet you wouldn't be able to see anymore charts if I broke your eye socket.
These people have had and will continue to have ample opportunity to prove the worth of Jack's teachings every trading day of the week ... 24/5 if they could do it.
But to the contrary, by their own efforts the trading technique appears to generate mediocre results at best, and far more likely than succeeding is the probability that their accounts will be churned into oblivion, at least that's what I've heard ...
So much for the "Jack Hershey SCT system works just fine" comment as made by the OP.
SCT Traders are just a bunch of pikers with nothing to show but doggy following TLs marking every move price makes.
Something that looks like a map in hindsight but absolutely worthless in real time.
When price trends and follows their precious TLs, all is good, when it chops and markets chop more than they trend, they end up sticking their doggy following TLs up their asses, helplessly.
Funny thing is that on the SCT journals they play this little contest as to who makes the best hindsight chart, thats why Mr Black and co. can't post linear blotters and must cherry pick them. Sometimes it works other times it works like shit.
Trading is ruthless by nature, if my mother was a trader I would not trust her advice.
Bunch of bullshit by a disturbed [XXX deleted by Moderator] with delusions of grandeur.
Something that looks like a map in hindsight but absolutely worthless in real time.
When price trends and follows their precious TLs, all is good, when it chops and markets chop more than they trend, they end up sticking their doggy following TLs up their asses, helplessly.
Funny thing is that on the SCT journals they play this little contest as to who makes the best hindsight chart, thats why Mr Black and co. can't post linear blotters and must cherry pick them. Sometimes it works other times it works like shit.
Trading is ruthless by nature, if my mother was a trader I would not trust her advice.
Bunch of bullshit by a disturbed [XXX deleted by Moderator] with delusions of grandeur.
Not only that but Jack disguised it as "correcting" jreynold212's work... and he did it with his typical haughty, holier than thou demeanor. And of course he turned out to be wrong (what else is new?)
Quote from MandelbrotSet:
The price pane is cut out of the orignal post ... tard. Here is jreynold212's original post that Jack Hershey did no less than plagarize! :eek:
No tikitrader YOU manipulated your post, but Jack's chart still did not match the actual price action of the S&P 500 ... these people just won't give up!
Shilly rabbit..... Hershey methods are for hobbists/enthusiasts ... not real traders