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 Forums ›› Technically Speaking ›› Strategy (System) Design ›› Jack Hershey Method: Channels

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 Chicken Little   Registered: Feb 2005 Posts: 228 06-08-06 12:15 AM Beginner rockets are just a subset of the Jack Hershey Method channel trading concept according to JH, so let's have a look at them. Edit/Delete • Quote • Complain
 Chicken Little   Registered: Feb 2005 Posts: 228 06-08-06 03:01 AM Here is a chart with channels provided by JH. It states the following about the construction of channels: "All channels drawn on two consecutive bars where first bar is a FTT of prior channel. All channels overlap". FTT = Failure To Trend The FTT shows up as a move beyond the end of the bar opposite the direction of the channel. For example, the first lower low after a series of higher lows indicates a failure to trend in an upward sloping channel. attachment.jpg This has been downloaded 657 time(s). Edit/Delete • Quote • Complain
 riskarb   Registered: Jan 2002 Posts: 5283 06-08-06 03:43 AM Quote from Chicken Little: Here is a chart with channels provided by JH. It states the following about the construction of channels: "All channels drawn on two consecutive bars where first bar is a FTT of prior channel. All channels overlap". FTT = Failure To Trend The FTT shows up as a move beyond the end of the bar opposite the direction of the channel. For example, the first lower low after a series of higher lows indicates a failure to trend in an upward sloping channel. This chart is a parody, right? Edit/Delete • Quote • Complain
 nononsense   Registered: Jun 2003 Posts: 4928 06-08-06 10:37 AM For those who still fail to discover any method in Jack's blurbs, the chart below may put tem on their way. Quote from Ripley: Edit/Delete • Quote • Complain
 hypostomus   Registered: Jan 2002 Posts: 2606 06-08-06 11:54 AM You idiot. CL! At least get your jackronyms right. It's "failure to traverse". Edit/Delete • Quote • Complain
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