Jack Hershey methods

JSSPMK · May 29, 2008

Quote from astral:

Cool, I actually completely agree with you, if I were to put myself in your current Mindset!
I'm starting to understand why there were no live calls made by Spyder or Jack. There's no purpose in doing them.

Why?

You absolutely do not get it. I will say it again, you will probably Never get it, but here's a possible light bulb possibility for you: When you look at the charts, do you not see up and down channels, all the time? You do right?

Well, at that critical point you're lost, because you listened to those close minded detractors saying: "HA, did anyone see that channel video on youtube? My goodness, they fanned the channel constantly!" it's so subjective!". From that point on, you are lost, how smart you may be, it's over.

However, would you have thought for yourself and said:"Well yes, I see down and up channels constantly on those chart, day in day out!"
Then, you may be getting somewhere. From that point on, you may want to learn how the draw the channels correct. Even without volume, you may be getting at perfect 2x the daily range (as they speak of), nothing magical. Usual business.

In the process you would, without any doubt, have a dip. A moment where you lost all faith because you do not see the ease off all this. Later on, you pick back up where you left, and try to find certain decision points (within the channels) where you may say:"Well, I see that after a point 3, there is a big probability price will move in the direction which benefits my PnL.

THEN you may get to a point where you'd like to remove the probability, to knowing: how fast, how long, how far price will go based upon you current skill (only channel drawing).

You move on to the next step in the process, you begin to put Volume on your chart a long with contextual sequences (formation, patterns, ..). You then open you mind and analyze how volume and patterns may help you when price moves from FTT(point1)->point 2->point 3-> FTT.

In the process you would, without any doubt, have a dip. A moment where you lost all faith because you do not see the ease off all this. you will see flaws, FBo's and what not! Later on, you pick back up where you left. Then all of a sudden, no shit you will say:" hey! price will go like this and this, and then this will happen!"

If all of this still sounds like I'm babbling..Then you just proved to me I'm still not understand why humans beings are so fed up by their ego.
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I am sorry, but the above confused me even more

jonnyy40 · May 29, 2008

Quote from OddTrader:

Why do you think JH methods not working?

What are your opinions or experiences, good and bad?

Please give us the newbies your positive and constructive criticisms. Thanks!
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'us the newbies'? - You've been registered since 2003!

MandelbrotSet · May 29, 2008

Quote from silvermotion:

... or anyone else can go to www.tradingrooms.com and open up a FREE trading room. The platform works very well and everyone can talk on the mike, show and annotate their charts, use a whiteboard to draw stuff on it, etc. Its the perfect place to have a little trading room. There is chat and file sharing etc. you would all be able to call trades and take them at the same time.
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But seriously silvermotion, thanks for the information and the heads-up.

I've been looking for this type of online service for a while now, it will be very helpfull in teaching some people that I want to expose to the trading world .... it is greatly appreciated.

MandelbrotSet · May 29, 2008

Quote from astral:

Cool, I actually completely agree with you, if I were to put myself in your current Mindset!
I'm starting to understand why there were no live calls made by Spyder or Jack. There's no purpose in doing them.

Why?

You absolutely do not get it. I will say it again, you will probably Never get it, but here's a possible light bulb possibility for you: When you look at the charts, do you not see up and down channels, all the time? You do right?

Well, at that critical point you're lost, because you listened to those close minded detractors saying: "HA, did anyone see that channel video on youtube? My goodness, they fanned the channel constantly!" it's so subjective!". From that point on, you are lost, how smart you may be, it's over.

However, would you have thought for yourself and said:"Well yes, I see down and up channels constantly on those chart, day in day out!"
Then, you may be getting somewhere. From that point on, you may want to learn how the draw the channels correct. Even without volume, you may be getting at perfect 2x the daily range (as they speak of), nothing magical. Usual business.

In the process you would, without any doubt, have a dip. A moment where you lost all faith because you do not see the ease off all this. Later on, you pick back up where you left, and try to find certain decision points (within the channels) where you may say:"Well, I see that after a point 3, there is a big probability price will move in the direction which benefits my PnL.

THEN you may get to a point where you'd like to remove the probability, to knowing: how fast, how long, how far price will go based upon you current skill (only channel drawing).

You move on to the next step in the process, you begin to put Volume on your chart a long with contextual sequences (formation, patterns, ..). You then open you mind and analyze how volume and patterns may help you when price moves from FTT(point1)->point 2->point 3-> FTT.

In the process you would, without any doubt, have a dip. A moment where you lost all faith because you do not see the ease off all this. you will see flaws, FBo's and what not! Later on, you pick back up where you left. Then all of a sudden, no shit you will say:" hey! price will go like this and this, and then this will happen!"

If all of this still sounds like I'm babbling..Then you just proved to me I'm still not understand why humans beings are so fed up by their ego.
More...

You are on the side of the SCT'ers and Jack Hershey, right?

Because it's sounding a helluva lot like you've been totally brained washed, have absolutely no idea of what you are really talking about ... and will continue on your deluded path until one day when you wake-up and realize that you haven't made any money trading this system and are wondering where all the time has gone.

Weren't you the same guy who also said that you would start your own thread when you can execute the SCT Paradigm perfectly, and not have one losing trade? That the reason you can't do it now is because you don't know the system well enough?

That statement alone shows every professional trader here, retail or institutional, that you are a deluded fool ... because what you are describing is impossible.

Please keep posting ... you have no idea how valueable your posts are ... they contain much more information than any of the none SCT'ers know, but they prove our point over and over and over and over again.

astral · May 29, 2008

... [/B]
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Are you kidding?

Weren't you the guy who got his ass handed by spyder when he called lives trades in the forex market? You even lost yourself there for a moment!

I appreciate you took the time to express your limited consciousness. Oh by the way, I'm not a follower of Jack or spyder at all. However, what they share is of great value.

MandelbrotSet · May 29, 2008

Quote from astral:

Are you kidding?

Weren't you the guy who got his ass handed by spyder when he called lives trades in the forex market? You even lost yourself there for a moment!

I appreciate you took the time to express your limited consciousness. Oh by the way, I'm not a follower of Jack or spyder at all. However, what they share is of great value.
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1. Who are you quoting? ... I just totally trashed your ass, so lets assume it was me.

2. I don't trade forex, and I don't know WTF you are talking about (pretty much like you) ... LOL please continue your rants. Next thing you know you'll be telling us how all of you are getting ready for the Jack Hershey spaceship to come down and whisk you off to a place where you can trade his method forever and ever.

LOLOL some more.

MandelbrotSet · May 29, 2008

Quote from astral:

I'm starting to understand why there were no live calls made by Spyder or Jack. There's no purpose in doing them.
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LMAO ... I swear, you just can't make this shit up, even if you tried.

This place is ten times better than the comedy club.

astral · May 29, 2008

Quote from MandelbrotSet:

"Astral is the biggest loser on ET, lives in his own deluded world and grins like a drooling moron while reading anything about SCT.. candidate for Scientology"
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HA HaHAAHAa

You cracked me up with that one! Especially the scientology part.

astral · May 29, 2008

Quote from MandelbrotSet:

Actually it was a quote from burst ... did you not read it when he posted it?

You come across as being so dumb I'm beginning to fell bad for trashing you .... nah.
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Whatever you say

Cocaine · May 29, 2008

You guys are all a bunch of whiners, if you KNOW your posts keep getting deleted, why do you continue at it? There are PLENTY of other topics out there to talk about where you wont be censored. Use your heads people