While I don't know any of the links he's made claiming he makes 3x the daily average, seems to be heresay, I would say that some rather odd old videos are on the internet I think where he made those claims if someone could find them. Really the lies I've heard about this system disgust me. Go to the links and read about the smack down I'll give to that senile old codger. His method is quaint, humorous even, but to say it's worth all the millions of words and stupid threads written about him is completely unnecessary and wastes everyone's time. Just as trader666 has prepared remarks whenever Jack Hershey gets mentioned, I, too, will always post that rant if I ever have to go through what I did in that thread just for stupid, jackasses who think any of the outlandish claims of anything like 3x the average range is completely unfounded, a lie, perpetuates a decade old fraud, and serves no legitimate purpose anywhere in finance. He has conned I'm sure more money from people who probably signed caveat emptor rules because it is absolutely amazing that nobody has sued this lunatic. Really since nobody has that does show a consistent skepticism anybody who is smart enough to make at least a hundred thousand in their lifetime seems able to avoid, but the stories I've heard where thousands of idiots chased his theories is truly appalling, when if he wanted to help you, again, he would just give you the dam code! Anyway, Jack Hershey makes me sick, and as far as any claims to profitability the shining star is in this thread, ready to explode in a supernova and suck your funds into its neutron vortex enriched blackhole.
The essence of JHM is to STAY ON THE RIGHT SIDE OF THE MARKET. It is NOT about finding ftt/FTT. See why so many fools cannot get it? Context, context, context. What are PEAK and TROUGH? In some cases, a pair of 5-min price and volume bars are not sufficient to know that you know. Drill down inside them to know more.
Jack should say 'Thank you' to you (all detractors). Jack is really sharp in ET. The more detracting actions, the more people (I am one of them) learning Jack's method. You guys probably tried to learn SCT, but failed. You detract just because you don't want other people to "get" SCT. Well, keeping going. Why don't you create new threadS to argue with Jack? Here are some good titles for your reference: "Anyone pulling money out of MF Global, except Jack Hershey" "Break up with Jack Hershey" "IB TWS sucks because of Jack Hershey" "Crazy Jack Hershey" "Jack Hershey's gibberish" It will be great if the top 20 forums showing "Jack Hershey"! Looking forward to seeing this. Please do it because I don't have time.
Yeah, what? Did he say an acronym I don't need to know nor should I care about? Is that what I heard? Was he talking about the ftt financial transaction tax? There, I've said my piece. (He would probably never add which to any of his sentences, but not a bad impersonation, huh?) Get it? Next, as soon as Jackass responds we'll need to tell him how awesome he's doing, and how he must be on fire with all these great psychobabbles bubbling out of his chin like some half epileptic nympho whose fetish is watching the ftt traverse above the last nestal fracted loop. I'm sure that's the only way the old geezer can get off, too!
There are a lot of ideas from Jack that you can use to create a framework for your own strategy, even if you don't believe in his claims. I think it's optimistic to believe that even 1 in a 100 would be profitable learning a trading strategy through an internet forum - almost no matter what strategy it is. I actually think papertraders like me are among the most successful traders on this site, cause we don't bleed money. An elite, you could say. In that perspective the bashing becomes kind of embarrassing. Your turn to hit.