Jack Hershey LIVE CALLS on Paltalk

Xspurt · Oct 14, 2012

Quote from Trader KGB:

tl;dr

Can someone just post one of JH/Spydertrader's crazy ES charts for old time's sake? You know the ones with 3000 lines shooting in every direction. It's been a while since I've seen Star Wars.

edit - found one! Now that's old school ET right there. It's like seeing 'insanity' visualized in chart form.

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The amazing thing is how all those lines demonstrate total consistency as every major reversal is missed.

shopster · Oct 14, 2012

Quote from Eight:

I learned an awful lot from Jack. Following him led me to read up on psychopaths.
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sculptor66 · Oct 14, 2012

Quote from Trader KGB:

tl;dr

Can someone just post one of JH/Spydertrader's crazy ES charts for old time's sake? You know the ones with 3000 lines shooting in every direction. It's been a while since I've seen Star Wars.

edit - found one! Now that's old school ET right there. It's like seeing 'insanity' visualized in chart form.

More...

After all those years I've come up with an extremely simple rule of thumb:

If someone draws more than only a few - say 3 to 4 max - lines on a chart, you can be pretty sure he/she has not the slightest clue about trading.

oraclewizard77 · Oct 15, 2012

"Ariadne: An elegant solution for keeping track of reality. "

Quote from jack hershey:

For most traders, the markets are a continuum.

what I said was correct and it is possible you are not "getting it".

to you this is me blaming you.

To me, it means I was not clear enough for you to understand me.

I exit around bar 78 and always before the day margin becomes the nite margin. you may be able to understand this.

At the time of exit, I exited from a short. That is, I went flat. this means I no longer hold a position and, further, I am in cash.

Personally, I know the status of the market when I exit and I know to watch for more events to unfold as bars 78, 79, 80 and 81 transpire. This means the market status can be forwarding in the trend I exited when a non trend matter prevailed (margin change) for my plan and strategy.

When I stste the status of the short the market is it, I do this to inform and provide a context. I said what the status of the short had become upo0n opening as of bar 1 which (degapped) follows bar 81 in the event sequence. you did not get this and you said so to your readers on ET. You do not get much of what I post anyway.

I KNOW from my log that on bar1 the barket opens short during the 12 to 30 second period of bar 1.

After that an event may occur on bar 1.

My method makes timely intrabar decisions.

You do not get the immediately above three paragraphs. In effect you are in a vacuum.

I am partnered with the market and obeying its every command.

To monitor and anlyze I have to watch the bar 1 which follows the short after 2/3 of the moves of the short have happened.

I know there is one move left and I am holding in this dominant move.

I am watching the subfractal of the trading fractal complete its three moves: dominant, non dominant and lastly dominant.

This happened 8 years ago. right now I only have the last 13 3-ring binders on my desk and they only go back to early February of this year.

My second trade is always a reversal. It always occurs when the market trend ends and the overlap of the next trend begins.

there are only a fintie number of ways this can happen. As they flow down the funnel containg these possibilities, only one can emerge since the others are "killed" logicallly speaking.

I use a cheat sheet for this "funnelling". I have the representation in the form of shaded bands, in the form of links and notes, and in the form of featured bands page after page (three pages total). I leaf the cheat sheets to the right of the log 3-ring binder. I am left handed so I fill in the log from the left and look at the solution documented on the right.

there are two additional things about my cheat cheat: I tab each page several times and the last page is the "interruptions" page.
this page ties up in a neat little bundle what logicians call gates and kills. One phrase alone kills have the daily bars.

I commented to dark horse when he brought up performance with a truism in the 'teens. A beginner ws starting to trade, I said. He did 62 stock trades in a quarter. DH calculated he was making about 1000% a year as he began his 15 minutes per day work.

What he did was summarized in ET on September 06 on the 25th. It prints out as frour pages and has only nine references.

There are two kinds of examples of people who use my methods: those who work purposefully and those who do not.

reflect for a while and see where you fit in. There is a simple expression for anyone's situation. If a person does not do the work they have every right to say I am FOS. This is the policy upheld by the moderators on ET for everyone.
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jack hershey · Oct 18, 2012

Quote from sculptor66:

After all those years I've come up with an extremely simple rule of thumb:

If someone draws more than only a few - say 3 to 4 max - lines on a chart, you can be pretty sure he/she has not the slightest clue about trading.

More...

try this:

http://www.elitetrader.com/vb/attachment.php?s=&postid=3652739

and see this a few days later

http://www.elitetrader.com/vb/attachment.php?s=&postid=3652745

Drawing lines got this in 146 minutes.

http://www.elitetrader.com/vb/attachment.php?s=&postid=3652747

Your opinion on those who draw lines is just that. And you get the consequences.

jack hershey · Oct 18, 2012

Look at this and circle the exits of the losers.

http://www.elitetrader.com/vb/attachment.php?s=&postid=3652745

Okay you can't find the place to circle.

But I can.

Look at the two high volume bars. Tell us what they signal.

do you know what the end of a retrace looks like?

Keep looking you may learn something from that chart that is annotated with lines by an expert.

would you use the ATS for this if it were given to you?

ATS's can draw lines too.

MarketMasher · Oct 27, 2012

PINKY HAS DONE IT!!

By extracting the myocardial essentials and discarding the extraneous flatulence of the JHM, then subordinating it as an infinitesimal input to the PinkyBlue System, which is then modified with a Spread Spectrum Analysis and raised to a Hurst Heuristic Coefficient on an ordinal offset, Pinky was able to codify the following signals!

http://imageshack.us/photo/my-images/338/pinkydances.png/

Pinky will reveal both the logic and the code to JH at the next JH Live Calls Session on PalTalk!! Provided he is notified at least a week in advance of the session and he is provided with all necessary and sufficient details regarding attendance and the timing fits within Pinky's busy schedule.

Ali222 · Oct 30, 2012

I am newbie in trading and I got lot of from this useful post. I want to earn money to trade in Forex.