The time line on "they work" begins well before those you listed. FYI, when you consider the topics that are construed to be JH methods please associate them with 1957 through 1960 as the intial period of their dissemination. In 1957, Magee was in it's fourth edition. In 1960, the to the trade edition of Davas was being handed out to key clients of most brokerages. By 1960, I had had my first interactions with the SEC. Now, its 2008 and computers are available to individuals who trade from their retail offices. Let's make a connection here. You trade from somewhere and you make some money. You know about a few references. (See above). Going out on a limb here, lets say you use something to make money that is old and proven to you. So you are making money that can be compared to anything you choose. You have posted some of these choices. What you make is not what those you are commenting upon make. You do not make much in comparison you are telling us by your comments. further, you have chosen to stick with your choices to only make so much money doing what you do. Right now, it looks like, to me, you do not believe the people who are making more than you do actually make the amounts of money that they have been observed making. Cocaine has had a wake up call by spending 3 days on two occasions watching a guy make in the 7 digits annually by trading 25 to 60 contracts using intraday trading of the ES. You also saw a trade of 40 contacts nail, in one turn, more than a day's trading of Cocaine's friend who make in the 7 digits. A newbie observes that 200 contracts are easily tradable. and that, if so, then 10 million a year looks normal. he wantsto know the answer to 2 Q's. Scaling and # of contracts. He has those answrs and so do you. What is it that Keltner, VSA and Wycoff know that they haven't told you as yet. What is it that Keltner VSA and Wycoff don't know that Cocaine, spyder and our team know? To find out, do something you haven't done and that the detractors haven't done. A question that was answered a few years back was: What is it like the make in a day what is being talked about by you (and not believing it) in a year? There is a strategy issue on the table here in psychology. Should it be moved to strategy so it can be moved to Chit Chat? A lot of things are old and they work. That makes them timeless. That is stage 1 of using a template. What it imparts to the trader is opportunity. How did it come to pass that you missed the opportunity and Cocaine got the opportunity? He saw it and he's taking it. You didn't see it so far and so you, so far, can't take the opportunity. 25 to 60 contracts traded intraday makes over a million a year. What does trading 25 to 60 contracts a day at 3x the daily H-L? Ask Keltner, VSA and Wycoff or you can start on page one and have the experience.
And any idea when you will become profitable now that you have a good solid 50 years behind you Jack?
I will stand by my offer to Cocaine, "Pick out one technique that you believe contributes to your profitable trading, and I can show you a pre-dated example written in detail (with much better examples and documentation) by at least one if not many traders in the past." Jack, what part of your 'Hershey Method' do you believe is original? Not the claims, which are completely bogus, but which technique? No 'hocus pocus' Jack, which technique did you develop? Not claims...
LOL, where the hell did you get that pix?, it's too funny! I'm willing to entertain some of the concepts as theoritical potentials to expand your horizons of what is possible. But taking unsubstantiated claims as fact is a whole different ball of wax ... but that is what people around here do all the time, now isn't it?
Again, you aren't listening to what I said. I agree with you there isn't anything new under the sun which is precisely why I am comparing the "Hershey" method with the method that my acquaintance friend trades. They are very similar. Which is to say that he learned from the markets behavior what worked and it turns out that he uses a good deal of the core of what Jack talks about on ET. Again, Phil doesn's know Jack H yet somehow they have similar approaches. If your issue is with Jack receiving credit for stuff that pre-dates him, thats fine. My response to it all is not to re-invent the wheel, but rather to use it as best as I can
Well if it is similar to Hack Jerkey's method then I'm sure it works very well in hindsight and you could attribute all sorts of profit to it.. just as long as we are not talking about anything real
Just to keep it simple, I would classify important contributions in two ordinary categories called intellectual property and trade secrets. These, with respect to trading, are in the low hundreds. Historically, I (we) used the standard method of handling them in the financial industry (IPTSTA).
Indeed, in order to keep it simple I asked for one, "Pick one technique that you believe contributes to profitable trading..." With hundreds to select from this should be easy for you to do. Which technique would you say is the most clearly 'Hershey' in its creative implementation?