Gladly. First of all, that is not a complete statement of Jack's PV theory, and I do mean theory. It is an optical delusion attendant to the selection of a chart period of five minutes, and resultant from the blurring therein. The truth is abundantly clear on shorter time scales such as one second or tick. Volume responds to price changes. "Let him who has eyes to see, see."
"If the volume is peaking at less than the max volume from pt.1 to pt.2 and the volume difference going from the minimum trough at pt.3, then the trading fractal has also completed its pattern concurrently with the nested faster fractal." Thius is a typical Jack totally qualitative statement which has no practical use. What determines "pt.1?" How much is "less than?" What is "max?" The assertion is grammatically sound, but not convertible to a trade decision in practice.
It is the linchpin of the process, and I asked to disprove that. You said you could. Post some charts, give some stats.....something You responded with more opinion, which is okay, everyone has one, as they say. Volume leads price. "He who has ears to hear, let him hear." R2R and B2B my friend. Volume leads price.
Wow!! You have a extremely weak thought process. Jack couldn't be more concise. Start here, only 5563 posts to go : http://www.elitetrader.com/vb/searc...hid=3939109&sortby=&sortorder=&pagenumber=221
Jack's method is pretty easy to figure out if you have a little experience and can get through the unnecessary complexity of his language. It's basically band trading in a superposition of higher order bands (otherwise known as a fractal) with a lot of guessing based on volume, stochastics, and your own mood swingz.
When I started looking at trend following I had public track records of many different traders to examine. That was my start. You could easily analyze month by month audited track records often going back decades. I wasn't left to just trust the words of assorted traders, I could compare their words against track records. It was a great learning lesson. Along those lines, can anyone provide one public track record that correlates with the gibberish Hershey spews? If we get past one, is there a second? Perhaps, that is a tad too direct. Excuse me if I don't demonstrate adequate Kool-aid drinking respect.
It is not too direct to ask. There is no code here, meaning Hershey is having a crayola session now, and I expect the charts with lines to start appearing real soon. We might even get someone who will draw the entry at the perfect time when the market closes. That would be classic.
This is utter gibberish! Just gibberish! Do you have the program? I want to see your chart. Be sure you've marked your entries and please show me how the price is breaking below its pv.