This is from three years ago... you've been around a while... http://www.tradersnarrative.com/jack-hersheys-incomprehensible-method-971.html
The IRS value is a little low. The name you see posted is an alias of a person whose first handle was trader28. Some of the other comments are off by 500,000 to 1 million. I'm on several boards.
This is an especially good commentary. But it may not be authoritive except that the person is stating his views of my commentary. I agree with him that he cannot understand my comments. One of the nice things about that site is the commentary following the disertation by the web site owner. I received the query from the IRS, recently (meaning they enclosed a print of the citation to which you refer). They are inquiring about several facets of my comments and whether or not I have a financial interest in the site. Over one year was spent compliling the questions I have been asked by the IRS most recently. Among other things, the IRS has asked about the status of board membership for about 25 corporations between Liz and myself.
Here is a chart that shows in heavy weight pink the approxomate price movement (open to open) for the signaled dominant trades. Note that there are several losses and a wash.
So ... Trade in anticipation: early PRV (e.g. 12 sec into the bar ?) and early bar sentiment. Use price as context. You can't see on this chart how many early PRV / sentiment anticipations were confirmed at the end of the bar, but it's a very nice drill (!) ...
Using volume only and not looking at price is a handicap. The best thing at this levle is annotating volume along side of doing the PRV price trough and peak analysis. The MADA routine is greatly enhanced by the logging. As you saw on the Cash Cow chart, there were only two trades for the day. Their total was a multiple of th ATR as well.
Actually, there is no heat on quick thinking. You do know that you have a peak on the prior bar (bar 3) 12 seconds into the bar 4. You can see that the volatility and over lap of the bar 4 is increasing as the sym begins the bar. It goes to FBP and then it goes to a translating bar. this makes tick after tick of more profits and is called momentum trading. As people make comments like yours, we can get into how neat it really is. There are many PRV snippets that can be added to just about any platform. The logging is where the OOE (Order of Events) shows up for bar formation. One very terrific thing is how to use your time while watching: annotating is such a terrific drill procedure. This chart shows how a person has had the opportunity twice, so far in the day, to make the refined decisions that pick up more and more ticks. This is 10 bars on the YM which leads the ES. Annotating YM makes doing the turns on the bar extremes most likely instead of just trading open to open on bars. One of the neatest things that happens with the cycle 1 drill is getting "targeting" of price out of the mind and, then, switching to refining "taking the offer" over and over. All the dominant trades using sentiment work and even though a target is not reached, a person keeps putting profits in the bank. The goal of making 400 dollars for the day was reached quite early. Probably by bar 5.
None of them in their best seller book couldn`t explain in plain english why everything should be scheduled and agended.But JH did with his gibberish. tnx for your efforts JH