Jack Hershey Method: Channels

Well, if you follow instructions precisely, you will be fine.

 

Thank you for the posts. A guide through JH land is helpful!

How do you enter at pt 3! Do you wait for volume to confirm? Can you point me to JH doc that explains entries?

Thanks again.

Thanks to CL as well for the thread!

 

Please review the circles. I believe you will find in the blue circle a high surrounded by two lower highs and in the yellow circle a low surrounded by two higher lows.

 

Okay, I got you. Point 1 and 2 are circled. Could you please circle point 3?

 

The traverse to the other side of the channel after point 3 is entered with correct STOC and MACD parameters in addition to volume.

If these things do not line up, I do not enter, no exceptions.

There are many Hershey traders out there, and entry and exit are not precise, it depends on the trader. For me I have to see everything line up.

Leaving things out will increase the risk.

Best Regards
Oddi

 

lets have a trader contest ... two traders on ET one using

"JACK H" methods against the others "Woody CCI" method

and see who has the best return and least drawdown after a

month ...

 

And the purpose of this would be??

 

oh I am curious ... what % of people who trade following other peoples so called " holy grail" methods
make anywhere as much as the "guru"s they follow

 

The method is not a holy grail, I do not recall Jack being a guru. But there are more than enough threads documenting the success of the methods SethArb.

What the hell are you doing out of the option forum anyway??

Go home!

 

CL,

These are the channels I would have drawn.