Questions to Jack Hershey

People who get this stuff are too busy making money. Trading is the most lucrative business on the planet. People can, or can not, do it correctly. Individuals who can do it correctly will draw what they need out the market, at any time, over the course of a day if you work hard, a week if you work less hard, or a month if you are plain lazy.

I am plain lazy. I have nothing to prove to anyone, and the market pays for whatever desires I might or might not have. I will even go so far as to say that once you work out the true mechanics of the market then it is nigh impossible to blow up. I am speaking of FX in regards to blowing up, however.

 

Well, if someone wants a solid method handed to them on a platter, Jack does do this, but he qualifies it by requiring the reader get a baseline education to be able to determine what he is saying.

W D Gann did this also. If you were not a Mason, pass Gann up, you will not be able to benefit.

 

Um, like he handed it to Scottd?

 

Incredible dedication! You should look for a worthier cause.

 

This guy automates channels and tapes based on JH in Excel.
If I remember he used to post to Jack here on ET

http://exceltrader.net/

http://exceltrader.net/wp-content/uploads/SP/temp.gif

 

This thread is like reading the Enquirer at the Checkout counter...
It never makes it home with you but you have to take a peek for kicks.

 

+1
That's actually the followers' escape route, "you're too stupid and lazy, you don't understand what kind of a genius he is". Naturally it's all too complicated to backtest, rules and more rules followed by exceptions and even more exceptions.
Genius lies in simplicity.

 

+ 1

 

Let us not play Jack's game. Let us instead think. I am looking at a premarket one-second chart which is running strategies that work during the regular session. Often they also work premarket. Price is moving by several points on invisible volume. One contract this second, five contracts the next tick, all over the place, no volume pattern. The real question is not "what leads what?", but "is volume relevant at all?" If price can move on no volume, who gives a shit about volume? Similarly, volume can be huge with no price move, as in the last minutes before the close.

 

So you look at a chart for a couple of seconds and the results of your deep analysing is that volume is useless?

I looked at a chart for a couple of seconds too, and I see that price sometimes moves in one direction, than it suddenly changes direction. Maybe price is useless too?