Thanks. Is there a better way to tackle those two threads than reading all those hundreds of pages? The last page of the first thread seems to summarize the method. Is it a good point to start studying this it?
Thats what we need. A condensed version of Jacks method summed up in a few paragraphs. Hop on it lads.
Admittedly, it makes me wonder why Jack is participating in threads other than this one if he's so busy. Maybe we should have titled this thread "Question for everyone except Grob/Hershey". I am a hersheyite but I don't see the sense in dancing around the issue. I would like to see how one is to correlate str/squ and 2-pair to pick off a top/bottom in the overlap. The alternative is what easy is doing, entering bouces off the RTL (skipping the pt1 entry) and another I've been looking at is the scale entry method taught by IOAMT. Then of course there's the "wash, and wash, and wash 'till you get it" method. I've sequenced enough stuff for continuous trading but it's nowhere close to seamless. [/endjabber ]
If you look at spyder's thread. There wasn't a single post by Grob109 in there. Self-discovery and/or realizing is more rewarding than being taught, albeit more difficult. It has to do with how we get wired. It is one thing to do something without the need of aid. Otherwise the experience is not actually experienced. Kind of like learning to swim with swimmies. You can have flawless technique with swimmies but once the swimmies come off, the experience of swimming will feel brand new. If you can't swim, can you remember the transition from training wheels to no training wheels? Was it seamless? Not exactly, but eventually the experience is comfortably routine... MAK!
Mak, your posts are always insightful and welcomed, thanks . If I may, I'd like to play devil's advocate a moment and play off of one of your metaphors in an attempt to further the intellectual discourse. Spyder is THE MAN for what he's done, but Jack's equities strategy does not require the same type of monitoring that the futures strategy does, so let's be clear here. And I'm not sure Spyder doesn't wonder why Jack never posted there. Although a moot point now, it's a great question for Spyder. The point remains, the title of this thread is "Question for Grob/Hershey". It's very title suggests the "need of aid". Giving someone channels, gaussians and sweeps is providing instruction to peddle the trading bike. Of course we have to get on and do the peddling...it is necessary we have the experience of peddling in order to develop gross motor skills to enable us to do it seamlessly. The point is, some of us are peddling and now require instructions to "turn the bike" so that we don't run into the wall. So far our peddling skills are only helpful when we are "riding in one direction". Not to mention that running into the wall does a fair amount of EQ damage. Some of the smarties here have started jumping off of the bike before they encounter the wall. Others run along one side of the bike and hop on after they think the bike will continue to go in the same direction (pt 3 entry). Without instructions to turn the bike, the experience of riding the bike is never realized. It is instead reduced to a series of setups. Now consider the turn. It is a very sequenced event that requires consideration of several things to pull it off successfully. There is no doubt that it requires practise and experience to turn seamlessly. So far, Jack has shared with us the belief that once you look into the new direction and lean into the turn, that you will not fall off of the bike. Knowing this does not tell us what we need to know in order to turn successfully. Nor does telling us about the handlebars (overlap, str/squ, 2pair) help us in actually turning. Some of the intricate details that teach one how to turn are: ..that you can make corrections midway into the turn to keep your balance...how?...by using your handlebars to make slight adjustments ...that you can catch yourself with one leg if you overadjust. .....that you have to be mindful of your speed and angle going into the turn, use your brakes to do this if necessary. ........be careful at sharp turns, anticipate the need to catch yourself or use your brake. ..........that as you get better turning, you can increase the speed for quicker and sharper turns but that you may have to lean more aggressively into the turn. I grew up in the BMX generation. I rode a mongoose and never thought twice about spending hours after school learning tricks on my bike. They were called tricks because there was always a trick to pulling the stunt off. You could never get it by simply watching. Someone had to teach you where to weight and unweight, which hand to grip your seat with, and which peg to put your left foot on. I fear that Jack has been riding the trading bike so long, he may be underestimating the complexity involved to someone who has never made a turn. If it's a simple matter that he wants us to figure the rest out by ourselves, then it's simple enough to say. If we're simply waiting for the two of you to get together, we still have the issue of you transferring your experience to the rest of us, that Jack faces now. This post is not meant at all to antagonize or interrupt the spirit of the thread. I owe Jack a huge debt for what he's shared. I intend to pay it forward by doing my part for humanity. I would like that we get the rest of this out on the table in this thread. We don't need another slow and painfully dying Jack thread. Jack can prevent this by posting here or telling you what to post in response to the questions posted. The title of this thread is very fitting for iterating the rest of the beginner through SCT Jack methodologies. I know I may get an assignment to mark up 100 charts and submit TDs everyday for critique, but I'll ask anyway, a... Question for Grob/Hershey: How do I turn?
this market is driving me nuts, you sit with it for months and then it feels like your back where you started. Doesn´t matter what I look at right now, I just see randomness...
I have no need to wonder, nor did I require an explanation. However, Jack explained in several correspondences to me why he intentionally opted not to post in the Original Journal. The Journal, "demonstrated the transference of a lot of what is possible." As a result, Jack determined the added benefit of his posts did not outweigh the possible disruption his posts might cause to such a smooth running thread. While I have no doubt an additional Equities Discussion (initiated by Jack or another trader) would benefit many, that discussion should wisely take place at another time in another thread. Once again, Jack shared his wisdom with ET. The dissemination of his wisdom came not from lengthy prose, but from his absence. Sometimes the best course of action requires one to remain silent. I look forward to the day when his schedule permits Jack to contribute to another Hershey Equities Discussion. Until then, I have initiated a Second Journal to answer questions, and to allow others to contribute to the ongoing dialogue. Good Trading to you all. - Spydertrader
Today is pretty random so far. No trades here. Yesterday had a couple of decent trades. Friday had two good trades. Thursday had a couple of good swings. Wednesday was a nice trend day. Beauty is in the eye of the beholder I guess.
I liked your reply. Bottom line: there's a successful Jack Hershey Equity Method thanks to Jack. Caveat: he's not a great teacher. Thanks to you and a few others there's an easier way to learn it.