Jack Hershey Method: Beginner Rockets

nononsense · May 31, 2006

In fact, I used "backtesting" because it appears to be a well agreed upon term at ET.

I don't care how you do or you call it, but system development cannot be separated from a performance evaluation system. The only data available to drive such a system is PAST HISTORICAL DATA. There simply ain't anything else.

Claiming to do without like Jack's sheepish NLP aficionados is only BELIEF in the master's superior wisdom.

The claims made by Jack's believers that doubters cannot possibly trade is travesty. If they ever would have put any money down to be shot away with those rockets, they would have found out a long time ago for themselves.

nononsense

PS: oddi, you missed the pun in my little spelling game.
________________
Go Jack's Method(s?) all the way.
Guaranteed no backtesting required, NLP only.
Free pastoral guidance by true believers at ET threads.

Trading System Design = Performance Evaluation System Design;
Without it, you are only believing.
nononsense axiom #3

Chicken Little · May 31, 2006

Quote from easyrider:

I remember a few weeks ago you posted some results of about $3,000 and said it was just another day. If you have something that is working that well why are you even messing with this stuff?
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I am very serious about trading and I make a great deal of money doing what I do. When someone claims I can trade as a beginner, using "rockets" and make $75,000 to $90,000 per year per contract with little or no risk, I am compelled to fully investigate that claim. Thats what I am doing. Even 20 lots at $75k per year is....... well you do the math. Should rockets turn out to be fruitful, I look forward to the more advanced versions where I can pull down the claimed 3x daily range. Should it all turn out to be trash, well I love trading and am passionate about exploring trading concepts so its not a total loss. OTOH as a successful trader I dont abide poseurs spouting theoretical BS.

nononsense · May 31, 2006

Quote from easyrider:

Why dont you go to Tucson and watch him next week. Im sure they'd all like to meet you.
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Why should one go to Tucson for a week to watch Jack trade? We have been watching Jack's snow job for about 5+ years now.
In fact, as hypo pointed out, Jack has been a tremendous help in corralling believing sheep to be shaven by them savvy infidels.

If another edition of "Extraordinary Beliefs and the Madness of Crowds" would ever appear, Jack deserves to have a minuscule footnote of his own recording his contributions to trading dreams.

nononsense
________________
Go Jack's Method(s?) all the way.
Guaranteed no backtesting required, NLP only.
Free pastoral guidance by true believers at ET threads.

Spydertrader · May 31, 2006

Quote from nononsense:

Why should one go to Tucson for a week?
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You misunderstood the sentence.

Next week, why not got to Tucson and watch Jack trade.

- Spydertrader

nononsense · May 31, 2006

Quote from Spydertrader:

You misunderstood the sentence.

Next week, why not got to Tucson and watch Jack trade.

- Spydertrader
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Got your message. Glad to oblige. Indeed, some blockheads may be comforted by your remark.
Thx.

hypostomus · May 31, 2006

Easy. What is the event in Tucson? Could you sneak me in? I look a little aquatic, you know. Or should I come as somebody else, like Cassandra? I do so love my blackface drag outfit! Should I bring my backtesting software with me? And my six inch Jack notebook?

nononsense · May 31, 2006

Quote from hypostomus:

Easy. What is the event in Tucson? Could you sneak me in? I look a little aquatic, you know. Or should I come as somebody else, like Cassandra? I do so love my blackface drag outfit! Should I bring my backtesting software with me? And my six inch Jack notebook?
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Don't forget your loose sheet ring binder!

Chicken Little · May 31, 2006

Quote from Grob109:

with respect to the ES yesterday.

Here is a summary.

15 actions for 36 net points where the best net would have been 32 points.

There was little sweeping required beyond coarse with the exception of using 2 pairs at the limits of turns.

There was one formation sequence on the entire day. It began after the fast pace of the market ended. This is a drop from 4 point type trades to 2 point trades during formations.. the sequence of formations was: SYM pennant>BO>FBO>trending.

The CCC ended with a bracket trade and the PM BO turned into a FBO followed by another Bracket entry. THe only wash of the day occrred here (and the wash was a reversal that led to the 4 points between 32 and 36 which would not have occurred if the wash were not required) The signals for both brackets were the usual VDU. I used an asymmetric bracket at the end of the CCC.

I logged only three rockets.

First signal was at top of bar 2. See pre flight channel being terminated (long showing before open) so 2 pair on top of bar 2 dictated rocket entry.

Second was on a bracket entry midday.

Third was next to last action of day.

General comment.

There are a couple of themes running in the OP's thread. The OP wishes, primarily to stunt and terminate each and every thing he has gloomed onto. That is an interesting mission. and it will have some consequences. The greatest of which will be that he will be unable to learn after a while. Not being able to learn is a high price to pay. 666, on the other hand, is in a court room he calls ET. What is the case he is going to win? It is the record of JTH that he feels is a presentation of stuff that is not in the best interests of he public as measured by the tests he uses. He is making money from fees in his court room. The court room and the fees aren't real in any way. He gets to not learn either.

The learning possibility is not a requirement for anything at all. There is no one forcing or suggesting that anyone learn anything from what I do. Both of these people have needs or just wants to do what they do. They probably are helping many people who are in the same boat they are in. My opinion is that getting in the boat is a bad idea and being helped their way(this is what the people in the boat want) is also a bad consequence.

What are the alternatives. My theme is an alternative. I am dealing with making money. I deal with making money as a process that involves acquiring knowledge skills and experience.
I do not run a court room as a lawyer and I do not spend any time beating to death anyone elses's systems of making money.

Rockets represent an opportunity for people to learn under a no risk situation. The delayed entry into a fast paced moving market is a good place to begin. The mechanical exit is helpful too.

There is no such thing as no risk for some people. Entering a fast paced market after it has commenced is still not a no risk trade for these people. On a risk map for markets, the rocket is the place to begin is the point I am making and the point is either made or not.

The most noticable and nagging and anxiety building aspect of rockets is how the screen displays stuff that disappears and returns over and over again. It requires the novice beginner to see stuff and have feelings.

A lot of baggage comes into play while dealing with a rocket as we all see. It does not go away. It may even dominate the situation.

I do rockets as a no risk trade where price is in a channel and each bar fills the channel. The set of signals for all of this is posted ad nausem at this point. The combination of all of these things is the picture for manually learning about the market, for developing skills and for having experience. They are what I created and someone else invented before me and as yet unknown to me. The other person's stuff has not been posted as yet.

The general comment on finding historical channels is to slow down the fractal until any trend is a rocket in that fractal.

What if a person does some rockets over time. I feel that, then, they are ready to learn about other places on the risk map.

In ET, this approach only proceeds when and if possible.

This thread is not about making money and learning. Both are OT here. This thread is about "validating" something that then becomes a standard against which to test "rockets" being traded manually. The court room part is moving to "you keep changing the rocket rules and nuances". So the verdict is JTH is an asshole or retart or bullshitter. There is kind of an amateur contest sanctioned by Barron, et al, going on here to use me and my stuff as a traget for the contest. The winners in all the categories Barron is now running all over the place have been upping their efforts to make ET more and more of what it is becoming.

I hope that it is very clear to a lot of people that a lot of people are making money using this stuff and more and more stuff is being provided.
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If you actually made those trades post a screenshot of the executions and you will never see me comment on your stuff again. Otherwise I will assume your exposition is another ex post facto trade log, i.e. quite worthless, and you are a poseur.

easyrider · May 31, 2006

Quote from Chicken Little:

I am very serious about trading and I make a great deal of money doing what I do. When someone claims I can trade as a beginner, using "rockets" and make $75,000 to $90,000 per year per contract with little or no risk, I am compelled to fully investigate that claim. Thats what I am doing. Even 20 lots at $75k per year is....... well you do the math. Should rockets turn out to be fruitful, I look forward to the more advanced versions where I can pull down the claimed 3x daily range. Should it all turn out to be trash, well I love trading and am passionate about exploring trading concepts so its not a total loss. OTOH as a successful trader I dont abide poseurs spouting theoretical BS.
More...

Fair enough. Would you then be willing to share with us what it is that you are doing successfully.

Chicken Little · May 31, 2006

Quote from easyrider:

Fair enough. Would you then be willing to share with us what it is that you are doing successfully.
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I do all the wrong things. Make a list of stuff JH tells you not to do and start there.