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frenchfry
Registered: Jan 2002
Posts: 449 |
08-20-12 12:28 PM
In this thread I will try to put all the different pieces that I have in my mind about Jack Hershey's trading method SCT together.
There are a lot of things I have (skim) read, never understood, thought I understood, gave up, etc.: PEP, B2B, Quickies, end effects, T2P, volume movement categories and a lot of other: WTF!!!! moments. ;-)
Here I will try to find answers for most of my questions. I will start the process by doing some "work" in form of logging and annotating.
Good luck!
 volume log empty.pdf
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frenchfry
Registered: Jan 2002
Posts: 449 |
08-20-12 02:05 PM
The current situation as I see it pre-open...
1. A lateral was established last friday with bar 78. It consists of 4 bars in total.
2. Bar 78 has peaking volume which I will use as P1
3. When the market opens I will look for a T1.
So far so good?
 screen shot 2012-08-20 at 3.03.27 pm.png
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frenchfry
Registered: Jan 2002
Posts: 449 |
08-20-12 02:24 PM
This will be a "learning-while-doing" event. I still need to review several posts. I will just fill in what I know and hope to fill the blanks later as I go.
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Duref Mudgins
Registered: Jul 2004
Posts: 854 |
08-20-12 03:46 PM
Frenchfry, I think I can help you. But first you must accept a certain reality. Carl Jung said "All psychology is autobiography." Jung's student, Dr. Arthur Deco, adapted that dictum to trading: "All trading is autobiographical." So before I can help you, I must know, with your fries, do you take catsup, mustard or mayo?
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frenchfry
Registered: Jan 2002
Posts: 449 |
08-20-12 04:00 PM
Quote from Duref Mudgins:
Frenchfry, I think I can help you. But first you must accept a certain reality. Carl Jung said "All psychology is autobiography." Jung's student, Dr. Arthur Deco, adapted that dictum to trading: "All trading is autobiographical." So before I can help you, I must know, with your fries, do you take catsup, mustard or mayo?
Ketchup should be fine.
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