A Public Apology To Jack Hershey

Discussion in 'Chit Chat' started by arealpissedgoy, Feb 22, 2007.

  1. I've been a severe detractor of yours over the past several years because the concept of consistently taking out more than a fraction of the daily range is foreign to me. This ideology was based on many years of testing literally hundreds of trading systems.

    I despise indicators . I'm a value based trader who trades around key value areas and I do not look at intraday charts much. Yesterday I started doodling with trendlines and things just clicked. Today I put up a few indicators to mimic the charts posted by others who trade your system and I did very well. Usually I'm able to take out 30% of the daily range consistently ( based on 1 contract), however today I took out 180% of the daily range. I belive my experience as a tape reader and knowledge of price movement inside value areas was critical to understanding your ideas. I have posted an edited version of my marked chart here. Please note all the markings and notes were made in real time.

    <a href="http://imageshack.us"><img src="http://img341.imageshack.us/img341/7202/fttsw9.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>

    Although much of what you write still makes no sense to me, I would like to thank you for sharing your ideas. I would also like to thank the traders who took the time to decipher your vocabulary and post their translations. When I first started trading, I had the misfortune of being entrapped by charlatans and egomaniacal loser gurus who cost me much in time and in money making my early learning process a very painful one. I have found the internet and the trade literature to be full of many of these sick people. I mistook you for being another of these egomaniacal loser gurus.

    I belive that a learning process initially is a linear experience consisting of a linear series of epiphanies. Most individuals get stuck inside the linear series. However a fortunate few are able to take these initial collection of epiphanies, and with the help of individuals such as yourself, able to extrapolate the linear series into a exponential series. I wish to thank you for providing the several profound epiphanies which will be life altering for me because you have now nudged my previously linear mental process onto the exponential path.

    I made this post to let you know that your efforts have not been in vain. Please accept my sincerest apologies for being a serial detractor. Thank you very much for sharing your ideas. May the good Lord bless you and everything you do.
  2. Tums


    congratulations on your 180% performance !
    you are more than half way to 300%
  3. Jack had some interesting things to say in another thread, I appreciate his contributions to these boards..
  4. This is considered Chit Chat on ET. Hmm...
  5. Fooled me. But in retrospect the Parabolic SAR is a dead giveaway. Anybody who has ever tested it knows it doesn't work. And he didn't use Jack's stochastics settings. Nor a blunt enough crayon. Bravo! A tour de farce! (And the climaxes in those tight little channels....unnnnh!)

  6. I was going to post todays chart, but after reading the multiple asinine posts I decided not to. I think the problem Jack has is he is trying to teach how to drive a formula one race car to those who haven't yet even gotten their learners permits.

    As for the genius who commented why I didn't post with my real handle.....uhh, Duh... one of the mods banned it. let me guess.....he's a zionist! :D

    I don't plan on frequenting ET anymore. I think it's time to move on to a bigger and better things.

    Again. My apology was a very sincere one. Thank you very much Jack for your illuminating contributions. My deepest regrets and sincerest apologies if I hurt your feelings with any of my posts. I will now endeavor to "pass it on" as you mention so frequently. May the good Lord bless you and everything you do.
  7. maxpi


    Jack acts like he invented some kind of piecewise linear engineering style chart overlay that encompasses price, trend and volatility in two swell foops and he can make lots of money with that all day every day. All the conventional wisdom of traders will tell you that it is not possible. 95% of traders that are absolutely saturated with conventional wisdom will not make money but hey....

    To the originator of this thread I submit the following: You sir are guilty of anathema regarding the conventional wisdom of ET and are to be condemned to making your money in obscurity. The conventional wisdom of ET has spoken many times regarding this matter. Now, apologize for ever being born.
  8. Hi,

    I viewed your posts and I appreciate the apology.

    I am glad you will be passing forward your expereinces and knowledge to others. It will help a lot of people out for sure.

    I especially likes your description of what happened and by overlaying it on your usual display shows how it can be bridged from one approach to another.

    Again, thanks


  9. nkhoi

    nkhoi Moderator

    who is this guy?
    my money is on this one
    and then this;

  10. FTT or not? A break of one channel will follow through into the next one below so you stay with the trade.

    <a href="http://imageshack.us"><img src="http://img231.imageshack.us/img231/69/ftt22607qt4.gif" border="0" alt="Image Hosted by ImageShack.us" /></a>

    Right now tape says reversal. Reverse to Buy if price breaks above current channel. lets watch, shall we.
    #10     Feb 26, 2007