I can see you are softening up. You are almost a believer. Wait a minute, maybe you have already become a believer.
yes, I start to see a pattern now. It is the same small group of people, using different handles, creating different threads, asking the same questions over and over again. LOL. I should thank them though. Without their repeated pestering, I wouldn't have hitched this ride. ;-)
Because channels and PV and all that stuff doesnt work. I am trying to tell you that, go on your merry way and forget everything you heard about the hershey method. Trust me, my trading and bank accts are NOT growing rapidly b/c of the method.
You guys with a mind-set about Jack, parallel to this, are so superficial it makes me want to make this comment: Just allowing yourself to only see what's on the surface, will in most cases, not lead you to a truth or an in-depth understanding. Broaden your knowledge... THINK! I sincerely feel sorry for you. Thanks Jack. -kt
Speaking as one who has migrated from one camp to the other I confess to being a partial believer if there is any such thing. I do not know how much Jack makes, who hes living with, how many books he has written, if he is insane or a genius. I do know that drawing channels and annotating them consistently leads to better trading. As Optioncoach( who is posting trades) has said, it fits in very well with other methods. There is no voodoo here, it is simple geometry and common sense. An FTT is simply failure of price to progress beyond resistence or support and an indication that a revesal may be at hand. If volume is also falling off this is also helpful to know. Nothing about any of this is illogical so what it boils down to is Jacks personality rubs many people the wrong way. It is really cutting off your nose to spite your face to ignore the things of value contained in his teaching because you cannot stand the man. He rubs me the wrong way too. I have him on ignore.
Your comments speak more to your character than anyone else's. For almost three years, I have provided assistance to anyone who asked, free of charge. I have often spent my own money to travel and assist those who asked. If, as you claim, money provided my motivation, I would have simply disappeared and made my money from trading and not uttered a single word as to how I did it. I find accusations of fraud quite amusing when they come from someone who conveniently switches between user names to post on these boards. Oh I know Batterup (bighog), you are logged in from 'another machine' right? Oddly enough, I never seem to have such difficulties when logging in from my lap top. Since you seem to 'know it all' with respect to my motivations, maybe you could explain just how I planned to 'fleece the flock' with so many people standing guard - such as yourself? I mean surely, I must have a plan to obtain the necessary monetary payoff after spending so much time and energy assisting others? You didn't think this thing all the way through, did you? Thanks again for revealing the quality of your character. - Spydertrader
You are clearly a mid to low level trader at best. Keep having a closed mind and go through life thinking that there is no better way. That way you wont be disappointed with yourself. And by the way, none of those guys is charging a cent for any of the knowledge. Please read up on things before opening your trap.
Some exactitude: 1. Re losses. See the camtasias on the web site, esp Jack hershey and Todd Billis on losses. See also the 12 stop comparison document which is in three parts. See also the prints posted in the past. 2. Triples. This week there was some trending. The result was that any two consecutive days had triple digit point gains and when there was trending 3x was not attained. We use 40 points for adding a contract (it is manditory at some stages of learning). This means that in a two consecutive day period this week, it was regquired to add at least two contracts in that period. I'm sure a lot of people in all profitable approaches were adding contracts this week. I also notice that at some times during each days trading a lot of small accounts were being wiped out around certain times. See the T&S and DOM protection levels. 3. Proofs of various things. There is lots of proof and it is worldwide at this point. About 25 different exchanges (markets). I have the impression that you do not have it and I do. I do not know why you are not getting it except to say that I have no interest in providing it to you and probably no one else does either. There is no quid pro quo,even. (this is a business term). Some people say that I am still handing out life savers while most others have stopped as is the policy for 2007 onward. I am, it turns out. There are many more issues than you know of, so far. See my replies of tasking for score to get done.