"Cocaine", you are quite welcome. Anyone willing to drive 3 hrs before the mkt open is dedicated! I'm glad that you felt it was worth the trip. And sorry about the PM being turned off, some of the monkeys on this thread started Pm'ming me and it was a distraction. I will enable it again so you can send me your number and/or email address and we'll keep in touch through that. Good luck with your progress, I think you'll do just fine.
Certainly. Just to preface everything, the concept of SCT is always in and on the right side of the market. There is also another fellow by the handle of ProfLogic who SCTs. He gets all types of questions as to where exactly is the entry but all his trades are opposites, short long ad naseum at the full skill level. His framework is the same irrespective of duration, swing, position, intraday, etc... I have traded both Jack and Prof's way. If one day Prof's gives the green light to go, I will also join his thread so as to make the point of how SCT is a broad level concept that is all about being in the market all of the time and taking off the table what is put on the table. The argument in this thread has been that SCT is 3x the H-L etc... However, Nx the H-L is a matter of SCT skill level. Considering that most days have more than 1 intraday trend, taking out at least the H-L is a super first step. Unfortunately, I can't really dig into the specifics HERE because I am already a martian apparently. Yes, when the cats are away at my office, I SCT play the day away gunning for the multiples. The dayjob began as a result of signing a multi-year contract before I began my personal journey into trading. I started trading because I didn't like the idea of throwing several hundred thousand bucks into a CD when I had buddies who could guarantee the same return in 4 weeks. This is the whole time thing ^^^^ didn't get. Naturally, being competitive I had to compete and were it not for the doubters in my office saying it wasn't possible, I would have never tried my hand at trading. I thanked them for the doubt and now they are thanking me. In any event, I looked for the guys in left field to see why they are in left field simply because peculiar things intrigue me. When I got fed up with indicators, I moved to the indicatorless frameworks. From there it was just a matter of trying not to reinvent the wheel. I could go on and on but it would furthur throw fuel into this fiery thread. As always, my suggestion is to tinker with what's been posted. For some people it works, for others it doesn't, hence the two sides of the fence. Some people spend the time and energy to figure out what's busted and some dismiss it as gobbledygook. Either way, it's all good. As long as someone can take away something that they can add to their trading style, it is worth the effort... That's the whole ET community service. In other words, it helps to help. But none of these guys here would believe that. Over the long haul, I would like to do what "TheRumpledOne" aka Avery has done. He is another selfless person. Ironically, he too lives in Tuscon and has a similar number of flamers. I'm sure these guys would like him either because he has threads talking about how to get $6M before year end... He plays in left field in a completely different type of ball game (ie. FOREX)... The ultimate arena, that is until Mars opens up an interplanetary exchange... So it goes...
I remember the Prof (also goes by the handle Charlie Dow) used to get all kinds of flak from people in ET, no different than those Jack gets. He used to argue with people until everybody got banned. BTW, ProfLogic charges for his seminars.
Well I must say you guys have had a lot of success at persuading me that the money I've made using "some" of Jack's methods aren't real.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=87538 http://www.elitetrader.com/vb/showthread.php?s=&threadid=87841 LOL Evidence enough for you ?
LOL Who much did you lose by TRYING to learn Jack's material.? Just be honest we won't laugh at you, not everyone can be a trader. Seriously, I have said this 10x now and I will repeat it for the last time and leave this thread for good. Jack Hersey is offering nothing more then an alternative VIEW on Price / Volume relation, that's it , that's all ... if you can use it GREAT if not, who the frigg really cares what he does with his spare time posting in ET.
There not my charts moron there stockcharts charts simply for a visual. I can see why you lost money using the Hersey method, your not exactly the sharpest tool in the box are you.
GUY. Jack teaches support/resistance/ and trendlines/trendchannels. You think support and resistance doesn't work? Or trendlines?? He goes farther, but the basics are there for anyone.
You have no clue how fast I can do that stuff now, first few month I was SLOW as shit but with practice it becomes like 2nd nature now.