as usual,another thread trashed by bashers for the last several pages,do you guys add anything ,is the world already bad enough...bitching and moaning ..endlessly
Although no one seems interested, here's the resistence level drawn premarket, 1221.25. Two ticks from HOD. S + R = Lateral channel that you can't find on a traditional chart.
DATA!!!!!!!!!!!!!!! DATA!!!!!!!!!!!!!!! DATA!!!!!!!!!!!!!!! DID I SAY??????? DATA!!!!!!!!!!!!!!! <iframe width="420" height="315" src="http://www.youtube.com/embed/vykD1QdhwyE" frameborder="0" allowfullscreen></iframe> Backtest it with the only dataset that was the one he uses. It's not ES or any other futures symbol. It is only .SPX, and I'm sure thousands of people have some copy of his system, but none of them tried to figure out why if spydertrader was such a great technician why he's only known as writing jack hershey methods scripts that peeked at data....at FIDELITY, which is wealth lab. Use the right data and you'll probably get the expected result. Use the wrong data and you will fail. I guarantee without that data you will fail. You will always fail. You don't have the right data. That's why it doesn't work. I hear you have: DDDDDDDDDDDDDDDDAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAATTTTTTTTTTTTTTTTTTTTTTTTTTTTAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA
Didn't someone say the system (currently) can't be back-tested, only forward-tested? Not sure why that would be - the rules are too vague? It only runs on instruments that are newly created and have no historical data? The Force is not strong with it? What would be the reason? At 3x's daily ATR and on a compounded basis, I'm thinking this system can be used pay off the National Debt! A patriot would offer it to the country and save America!!
No, Jack Hershey's system won't ever pay off the national debt, nor will it ever capture anywhere near that much volatility. The only system in this country with that potential is in Celina, Ohio. The program's in my rant, along with the datasets you need to backtest it.