Questions to Jack Hershey

Back to you after the close. I copied the post, so you can now delete it in good conscience.

 

Odd, that if I were to substitute into your post my reality-based beliefs for your theoretical ones, I could be talking to you, or you to yourself, or both.

“The subject of your quote is the new point 1 that is arriving. Obviously it is a good idea to be able to measure the market when this event is arriviing from the future as the future comes into the present.”

The points of which you write are not “arriving from the future.” They are quite static S/R levels than can be seen many bars ahead depending on the chart peiod.

“The Pattern is being discussed; so have it at hand so you can refer to it if your mind has not digested it and turned it into long term memory known as inference. People who have built their minds, have the pattern in mind and the parts of the pattern come to consiousness as they "read" the market" which is different than reading what I instruct you to be able to do.”

There is no “pattern.” But there are logical arithmetical and mathemagical S/R levels. No “patterns” evolve. Volume discovery merely takes price to those levels here it is known that volume will appear. As to inference, I infer nothing. Inference is Aristotelian. I observe unfettered by theories. I am Galileo. But you are correct that reading the market is different from being the market.

“Since you can't, you get to read, yet one more time during one more year, what you have passively not grasped for several years, year after year.”

My inability to grasp your contorted market view is less astonishing than your own ability to learn from me given massive hints.

“The practical use of this statement is to have the ability to call the end of a hold to make the maximum profit the market is offering in a segment of price, volume movement. All fractals perform identically. Give yourself permission to consider this practical use. It is more important than the practical use of anything else and, as a matter of fact, you are chosing to use it to quote me and show the extent of your mind's development. We know where you are and you are going to find out what more is possible to gain from your unused potential.”

Fractals are a figment of your fertile, febrile imagination. The reality is that S/R works on the one-second level, on the one-minute level, on the daily level, and higher. What you see as fractals is merely the unfolding of the volume discovery price process.

“The snippet on your viewing platform you have not mentioned is PRV; I believe it is still not added to your platform. There is no earthly rational reason for not adding PRV to any platform. Find out what irrational basis you have for this neglect. Anyone can use it on any trading strategy as a real aid.”

PRV also is imaginary, an artifact of your slowed-down charting. It is nowhere to be seen at the market’s natural pace.

“PRV also closes the discussion of volume leading price. Its partner, PRP has never been mentioned before in public.”

Do tell of PRP. What better foil can you have than me for a new theory? Hmmbiliate me, and all ET will applaud.

“This statement refers to a specific time in the Pattern. Mark it on a print of the pattern.

"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.".”

If I am correctly visualizing your delusion, what I see is one-second S/R occurring near one-minute or higher S/R. Powerful mojo, but not magic.

“PRV tells you, bar after bar, that from point 3 you are increasing in volume from the trough @ point 3. You are told this at the beginning of each five minute bar.

Also a snippet you have coded on volume places an arrow on the top of the volume bar WHEN the real volume (during the bar) exceeds the prior volume. This is when beginners stop holding their collective breaths.

since you are tracking by annotating the next faster ractal in two places, you get to see this volume "carried" on the slower than trading fractal volume as well. It is a summation of three adjacent fractals.”

Again coincidence of S/R on different time frames. It is always nice in the Platonian sense to be able to distinguish the shadows on the cave wall from reality. No need to erect a complex theory around it. It would suffice to say "If you see a volume pimple, squeeze it."

“You have an absolute comparision too.

]"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."

At that referenced event, you put in a book market on price so begin to book mark thsi volume accordingly.

As an analyst, say working for big money accounts, you are monitiring two aspects of volume bar by bar: valocity and its scalor magnitude. for each you have a reference. You are NOT just a casual reader of my works; you make money using your mind as well.’’

I will give you this much: volume velocity is useful, Too bad you don't actually calculate it.

“All trends end after pont 3. Reread the statement it is a quantitative statement as a matter of fact. It is concise, clear and cerips in the words of E. B White. (See "Elements of Style")”

An unnecessary and oft-violated assertion. Be careful about making simple over-generalizations easily disproved.

“throughout the statement there is being made a very bold and succinct statement. Volume leads price and there are tools available to "read" the market using a fully differentiated mind. Expert reading in third grade comes from reading drills, having a vocabulary and knowing how sentences express complete thoughts. You have gained mind differentiation for reading through your third grade experience.”

I skipped third grade and went straight to junior high.

“Now you are learning a definition of point 1 where trades end and begin. the terms used in the definition are also more general and more widely used words in the system of trading and the rigid interlocking of fractals.

If you see volume increasing (See PEP HS) from point 3 to point 1 (where the trends ends), you also know he faster fractal is going through piont1, 2 and 3 andcoming to its ending @ point 1. The slower than trading fractal is going from one point to another, more slowly.

This tight integration is there to see and read, IF and ONLY IF, you mind has the built differntiation which contains the pieces of inference which autoatically pop up into consciousness.

The pattern completes at the new point 1 when you see the PRV slacks off and the momentum of price, sometime during this 5 minute period, arrives at the exteme of the trend.”

Make sure you know exactly what’s in a given volume. Not all of it is momentous.

“The slack off of volume precedes the extreme max of the price during this 300 second interval. It is smooth and you can trade about 5 times the market capacity as partial fills duing this climaxing period.

QED

Why didn't Covel get any of this? Those he interviewed didn't know it either. He was dealing with the CW crowd only. You are like these people and you talk like them too.

The pattern is a different world. Winchester should write a book like "Atlantic" about it. Our we should read an adventure of the lady with the dragon tatoo discovering the not so obvious relationship of volume and price. All of PEP and it applications are a paradigm shift in market trading. It is explained that I am arcane. Well ,of course, I started trading before arcane did.”

Your literary reference is apt. Perusing the SciFi shelves recently, I saw the title “The Dragon with the Girl Tattoo.” That’s you and me. Dragon and tattoo. Once I had a bumper sticker on my car: “Jeffrey Dahmer says “Tattoos Taste Great!””

“I hope you can read this as a person skilled in reading a language. But you have to understand that your mind, as is Covel's, a blank canvas, with regard to the language of market's operation. Tah is the way it is for most people.

Neuroplasticity explains our differences. The mind cannot grow and construct a non system. That is yours and Covel's mutual problem. I, instead, worked in a scientific deductive way to build a system that is parallel to the market's operation. My system is found in a lot of people's minds these days since they adopted part or all of what the market does by building their minds.”

Neuroplasticity I understand. My brain is so springy from early-onset that you could squeeze irt like a sponge. But it does absorb alcohol so much better now.

“Slowly as time passes people adopt beliefs through their habits. Unfortunately, for some people they do not always abide by critical thinking (yours and Covel's cases).

So now it is too late for each of you. neither of you can think critically any more. That time passed for you and for about 90% of people who lean failure instead.

One one the hardest lessons I was taught was to not care if people would not learn via critcal thinking. You are just another example; thats all.

We provide tools like arrows on volume and PRV and a dozen other leading indicators of price. they are trnslated into all the languages of the various platforms. You did not elect to use them so you got left behind by your choice. So you can't read and understand what I write. No one cares.”

I take great pride in not thinking. In its absence I substitute attentive critical observation. But I could explain what I do in twenty third-grade words or less. And remember, Dragon, the Tattoo knows NLP at least as well as you do. Did you know that tattoos itch?

 

"Since you are tracking by annotating the next faster ractal in two places, you get to see this volume "carried" on the slower than trading fractal volume as well. It is a summation of three adjacent fractals."

Jack,can there be more then three adjacent fractals?Is there any practical purpose for that?Also,there are a lot of failed rtl's BOes on the finest.Does the "D" member on the finest fractal come from the volume summation of the trading and slower fractals combined?

Thx

 

Could you please clarify the above phrase in red? Do you mean the accumulated volume from pt.3 to new pt.1? If so, do you compare it to the accumulated volume from BO to pt.2?

With all due respect, I believe that the increasing volume after pt.3 could be peaking at HIGHER THAN the max volume from pt.1 to pt.2 for trading fractal to complete its pattern concurrently with its nested faster fractal. My belief is based on the context that the new pt.1 does not reach the trading fractal's LTL and the trading fractal is a dominant move inside a slower fractal.

In terms of trading, what I said is not important if one knows how to apply PRV and other fine tools.

Thank you for the sharing of knowledge.

 

PRP -

Ok, I have a real good guess what it is Jack but how on earth do you know where to go with it ???
what direction ???

 

Peaking meaking shmeaking volume.....just show the statement ....hahahaha

 

Plagiarism is defined in dictionaries as the "wrongful appropriation," "close imitation," or "purloining and publication" of another author's "language, thoughts, ideas, or expressions," and the representation of them as one's own original work,[1][2] but the notion remains problematic with nebulous boundaries.[3][4][5][6] The modern concept of plagiarism as immoral and originality as an ideal emerged in Europe only in the 18th century, particularly with the Romantic movement, while in the previous centuries authors and artists were encouraged to "copy the masters as closely as possible" and avoid "unnecessary invention."[7][8][9][10][11][12]

The 18th century new morals have been institutionalized and enforced prominently in the sectors of academia and journalism, where plagiarism is now considered academic dishonesty and a breach of journalistic ethics, subject to sanctions like expulsion and other severe career damage. Not so in the arts, which not only have resisted in their long-established tradition of copying as a fundamental practice of the creative process,[12][13][14] but with the boom of the modernist and postmodern movements in the 20th century, this practice has been heightened as the central and representative artistic device.[12][15][16] Plagiarism remains tolerated by 21st century artists.[13][14]

Plagiarism is not a crime per se but is disapproved more on the grounds of moral offence,[7][17] and cases of plagiarism can involve liability for copyright infringement.
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YMW.

 

Surely you aren't accusing Murphy of plagiarizing Hershey?

 

Most of the world gets by with 7 fractals.

The current Depression will have 4 VE's in it's current last leg over the next 10 to 12 years. This is tough to process mentally. give yourself a chance.