Hate to disappoint you but this is my one and only ET nic in the history of the universe. Apparently you don't know that old posts can be searched and read with ease? As for me "attacking" Jack, he BEGS for comments with his demeanor, writing style, wild unfounded claims, long internet history, etc.
P.S. Here's an idea to change the character of the posts: A Reality ET Trading Contest! We could do this in an ET Journal that would track a real-time contest between the A and B Teams! I was thinking maybe three traders on each side to give more points of reference. A Team = Jack plus two, and B Team = me plus ???? Shouldn't take that much time to maintain because we're all trading anyway, right? Each trader runs his own hedge fund so nobody can blame their failure on anyone else. The six funds would all need to be on a common website, one where you can't fudge performance, and we could link it to the ET thread. It would be a GREAT thread I think... the modern day equivalent of roman gladiators. What do you think? Would Jack do it? Know of anyone from the A Team willing to put their credibility on the line?
I promised my self that my last post on this dispute was that. I didn't follow my rule to get out early with a wash, I hoped for your position reversal, and now my loss is larger. I made a mistake, but at least this lesson enforces what I new from before. Have a nice life!
I dont think this is something that is doable but Im game if you can figure out some way to set it up. I dont want to trade some imaginary hedge fund. I will trade my account same as I trade every day.
Agreed claiming Jack 'invented' what is described as rockets is indeed ludicrous. Easyrider, I do not question your results. I do question if you belong on the A team or the B team. Your results working with 'rockets' (not a Hershey invention) has little to do with mainstream Hershey methods that he is identified with over the past 10 years. For example, in your success did you draw channels, mark up gaussian, sweep for L2R and R2L extremes, R2B, R2R volume extremes? Good luck and continued success, but which approach would you attribute your success to? I don't see your success as being a validation of Hershey methods at all. Sorry.
Channels, guassians r2r and b2b have nothing to do with rockets. I am really getting tired of this. Jack simply alerted me to some simple facts that have proved out. For this reason I tend to have some faith that the rest of what he says is probably true. If anyone has problems with this, who cares. Move on to something else. I simply cannot understand this mentality that wants to prove someone wrong rather than just taking what they can use, if anything, and moving on to the next teacher.
-------------------------------------------------------------------------------- Quote from makosgu: And that, friends... is the nail in the COFFIN! All this is off the initial plateau, let alone an SCT plateau... What of all the subsequent plateaus. That is not even perceivable to prop traders let alone independent traders... I didn't even know that it was common for traders to yell out their screens much like in a horse race... I have talked to a wide range of them and the discussion always wind up being a waste of time (ie. no bites)! So BE it! Folks can just go on thinking about what they know as opposed to working on what's possible. It most all endeavors, failing to recognize what's possible is the end of the line. If one cannot perceive it, one cannot achieve it!!! MAK! -------------------------------------------------------------------------------- Comment from T666: The nail in the coffin? Let's see if I understand this... easyrider posted on a free internet forum that he turned $5,000 into $200,000 in two years and that proves something? Even though his posting history prior to that shows no indication of that kind of success? Has it ever occurred to you that someone living in a cardboard box on the street can access the internet from a public library and claim they're making 4% to 7% a day? BTW, it's actually closer to 530% and it's per year. Since he's now up to over $200K, all he has to do is stay on track at the same rate and he'll be a billionaire in less than 5 years and a trillionaire in less than 9 years. You guys are making such a killing, why don't you just buy ET from Baron and ban the B Team? While you're at it, why don't you also buy Microsoft and make them put all their people to work automating SCT? Then you can take over the world in, I'd say, 10 or 15 years tops! If one cannot perceive it, one cannot achieve it!!! (I've corrected your spelling but you can always buy the English language and change it). My response: A lot of people here take on roles and do various things for various reasons. Some people are "unbelievable" to others. Money seems to also incite certain types of refrains and intensity. A person can have as much as he wants it turns out. Deciding to not be rich and have a lot of money soon in life is a personal decision. Who stays in ET and who leaves tells a lot. What people do not say is often as important as what they say. I know that I can say this or that and I can get gauged reactions from quite an assortment of people. Those who know me do appreciate the comments I make to others and, they too, usually know what will come back to me. I have several immunities on ET as is apparent. It is possible that some people read me as a matter of course to see if there is anything of interest to them when they spend the time to read. So I do take the trouble to engage with them and I do provide something of interest. Getting the dummies on ET to expose their garbage is important to me because it enables me to do a better job idiot proofing the stuff coming down the pipeline that I am supplying. Several new and deeper plateaux are coming into view now. two posts: MAK's and 666's are in neat contrast. To 666 the first plateaux is unbelievable and MAK wonders(not really, I don't either) why 666 can't see the market's potential EVEN on the first levelsmuch less on all the additional levels. Easy explains that his trading is ramping up continually with ever increasing money velocity. That is the nature of growth. Sadly, gerry can't even make a list (666 only does the copy cat thing from his vast computer storage and search results) and chicken is so stunned that he cannot consider making money as an alternative to ranting and screwing up backtesting by mistakenly apparently failing to read what is written on the first plateau. This spectrum shows that most people believe the first plateau is "unbelievable" and that they do not get what MAK is saying when he says there are many plateau. There are 6 for me and in ET I can't make it past the first except once in a while. Someone asked how to prevent mistakes in mechanizing a fund strategy and operating method. I mentioned the degrees of freedom, the stages of gating, the interim indicator level and the output degrees of freedom. As examples I mentioned the levels of sentiment and levels of market pace that I feel must be taken into account. Some percentage of ET know about the first level. Another percentage of ET know about multilevel. Everyone is somewhere along the path. Among all of these people are some really pissed off people. The biggest single thing that pisses off people is seeing that there is so much money there every day and they can't have any of it. Some may not even be able to see that the standard of what is available is set by the market. 666 has a terrific set of pictures of all kinds that he communicates. And they do not even begin to show what is possible. Gerry is the same. He sees pictures that are incredible and totally distorted too. 1. Markets are huge. 2. Money is made when price moves. 3. Be in the market to make money. 4. Only be in the market on the right side of the market. Chicken posts the two beginner elements to get started: R and W. Easy starts with 5K. Totally believable. Chicken screws up a 1 min chart with blue lines he invented. Easy post a 200K net account. Chicken posts that rocket do not work unless you use another thing called washes. Easy uses washes when the rocket isn't working. Chicken complains that the thing he screwed up that doesn't work needs the thing that Easy uses. What have I been doing? defining rockets. Defining channel. Defining new defaults for all indicators. Defining signals for all indicators. Posting prints. Posting charts with these. Doing paltalk. Writing 120 page reports. Posting Camtasias. Posting illustrated transcriptions of camtasias. I trade. Easy trades. Gerry does not trade. Chicken doe not trade 666 does not trade. MAK trades. Nwbprop trades. Who makes money: easy, MAK, Jack Nwbprop, others As quoted by their words in this thread. Who is not using rockets: gerry, 666, chicken, others Who is not making money: gerry, 666, chicken. Rockets work on many fractals. Rockets work for stocks and indexes. The first stepping stone to making money is doing no risk trades to begin and then build on success. This was not done by gerry, 666 and chicken. They took trades of risk, lost money, and screwed up their minds. You are reading what people with screwed up minds write after they have screwed up their minds. Namely 666, chicken and gerry. They no longer can use the first stepping stone to making money. It is no longer there for them. It is gone and cannot ever be found again. It has been buried by repeated failure which has been learned as thoroughly as anything these people have ever learned. What you get when you learn failure repeatedly and thoroughly is gerry, 666 and chicken. They are absolutely convinced that what they learned, by learning failure repeatedly, is that rockets and washes are not useful or a basic foundation where success can occur while the first steps of learning occur. At this time I think it is time to post a long series of deep and comprehensive self examination tests that people can take to determine how far gone they are regarding survival as traders. Gerry, 666 and chicken have cut themselves off plain and simple. See attached chart as a once over lightly on this test series. Notice well. I have made the chart. An editor has improved it to a level of excellence in presentation. Notice that is it a surprise, apparently to many people here even though in one form or another it has been floating around for quite a while. I am preparing an additional 360 multichoice questions each having four possible answers. They will be found at 60 locations for position trading and 60 locations for SCT trading. Getting a wrong answer sends a person to the place what explains why he is wrong and gives him the means to get the right answer at his original location when he is taken back there. I am also polishing up a crossover chart for people who are using systems other than the position trading and SCT trading methods I advocate. Nine other systems are available from which to cross over. It is like a spark plug chart at the auto supply store. You may be using Champions and want to switch to another brand. You can use a crossover chart for getting the equivalent SKU's. A SKU in the chart I am preparing will also have a short description for all ten of the systems represented. Will gerry, chicken and 666 use this chart? I don't think so. They do not have a system they use presently. Secondly, they are not looking for something to improve what they do. They think the first level is "unbelievable". Lastly, they will never be able to get to read the chart in the first place.
With regard to why I named this particular trade as "The Rocket", it has a lot ot do with the set up for the group I am working with, etc. The copyrights begin in 1957. Your comments related to stuff that is fairly recent and not the original stuff. Easy is oriented to the early stuff as he may have conveyed to you. It is rarely possible for anyone to validate anything that I do. your post is making a mess of things, for example.
Then your work would predate the work of Gerald Appel on MACD, around 1985, and possibly George Lane in the late 1950's. If you can suggest where I can find a single attribution to your 'Rockets' paper from that time I will be glad to set the record straight. Thank you,
The best thing is to not use any of my stuff. Go for what you want. most people prefer to relate to pros. I'm not a pro. Most of my stuff was just passed from hand to hand.