all the answers to your questions are on the internet. You can start from here: http://groups.google.com/group/misc.invest.technical/search?q=hershey&start=10&sa=N&
1. I'm sure Paul Tudor Jones who is reported to have earned $500 million using CW (conventional wisdom) running his hedge fund may now breathe a sigh of relief that you are not hot on his heels with Jack's SCT. 2. Are you referring to the forward test you did with real money which you subsequently terminated because even though it produced 7X the range, as you put it " the commissions were a killer". That is just so rich. Thanks for your posts. They are really something.
"For energy rips pick up on the Goldman S. radical Jeff (now retired) He is a closet trader kind of guy since he is so vaccinated by the Goldman quants...." What the hell could this mean? I mean, I understand that Jack operates on a higher plane than the rest of us. But......
Jack_Hershey ; "I have a track record; anyone can do the search to see it." I just ask to post a link to that track record thread ...
I couldn't resist jumping on this assertion you make. Cracks me up when people say they know something when the evidence suggests otherwise. So Mr Harold Balls took around 30 points in 2 trades with 25 cars using channels and the FTT. Ballsy trade! Give me some of that. Nothing to see here, move along please... Play nicely.
Translation: "A gifted old school energy trader shares a similar approach to the market as Jack. While he was at GS, he had to remain within the conventional wisdom of the macro-quants." I thought you were objectionable up til now, but now I understand you are just a bit dim and harmless.
I am not a big fan of Mr. Hershey.. But, I shouldn't ridicule his methods too much on the fact that it doesn't fit my trading orientation or on the fact that it doesn't live up to my own system capabilities. Sounds like his method works, and have worked for many of you. I admire the fact that Jack is willing to take his time to help others understand his methods... (albeit in a long-winded way).
I don't have a dog in this fight and personally don't care if Jack is the worlds best or worst trader and wish him no ill will. But I do know that he claimed on another thread several weeks ago that he was going to take x dollars and turn it into xxx dollars by years end. He said he would document these trades. As far as I am aware this is not happening. Jack correct me if I am wrong. This is the internet, anyone can claim great things. I think those who do shoud either 1) prove it or 2) keep brags to friends and family. My two cents.
Interesting choice of words. I do not see it as a fight, more like 2 camps: The amused and the confused. Anyway it is the year of the golden pig, dogs were last year. This and other similar threads makes me think of 2 proverbs: casting pearls before swine; you can't make a silk purse out of a sow's ear. OK, let's get back to making bacon. Oink!