Why would anyone waste time on a method that the originator refuses to have tracked or proven? 99+% of people like Jack, vendors or other trading systems do not work. The onus is on the CLAIMER to prove it. The onus should NOT be for others to spend hundreds of hours chasing mythology.
Fraud? If you don't fix your attitude, Jack won't give you a magical system for Christmas! I'll have you know that not only is Jack a magic Christmas elf, his psychiatrist is a Native American shaman http://www.elitetrader.com/vb/showthread.php?s=&postid=1555191&#post1555191 <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2228636>
I don't usually respond to posts you make and this thread in psychology has only refered to one substantive comment that deals with anything psychologically related to me. But one moderator did explain why he left a thread that did not serve his needs. The noise level was too high for him. I do not see noise in threads I participate in. ET has a provision for handling this if and when it occurs. I parsed your comments to add my views of what you said and how you reached your conclusions. Several simple polls have been conducted over the years regarding the algorithm I use and its three applications. They have also been more personal on occasion. Thier results indicate that 4 out of 5 people find the above mentioned unacceptable. Some of those people do something about it. That is their perogative. sometimes when I see a thread like this I feel lick posting some substantive illustrations I have contributed in the past. So far, I haven't.
You don't make claims? Then what's this? "I do reach my goal of 3x H-L in ES as a practice." http://www.elitetrader.com/vb/showthread.php?s=&postid=912447&highlight=reach+goal+3x#post912447 Long ago Madoff was thought by some to be a fraud because he returned something like 10% a year consistently.... yet you claim you routinely make 3X daily range. What does that make you, Jack? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2232147>
"B" people? Who are you to label anyone given all the ridiculous unsupported claims you've made here? Hey... what happened to your promise to your former IBD group to turn $10 thousand into $1million in 100 days? http://www.mediafire.com/?1gi2qygm3yh You've denied making that promise but the link is to a recording of you yourself speaking the words. Just like you don't make claims LOL. Sure Jack.
You are right we shouldn't spend all our time on others. I don't think I have ever criticized the man previously but seriously I have been trading for a long time and feel I must chime in. I draw a trendline once in a while but I think it is nonsense to think that there are always lines to be drawn that one can profit on nonstop by always being in the market. In fact I think it's downright crazy. I have been exposed to some extremely great traders in my career (million dollar traders year after year) and they all have one thing in common. Yes you guessed it they don't trade Hersheys method. This is not evidence of Hershey being a fraud, but to me trading for so long and having had a great career I would never recommend Hersheys system to anyone.
P.S. Jack, RE: the "B" people you talk so much about... what does this say about you? http://www.elitetrader.com/vb/showthread.php?s=&postid=1084698&#post1084698
I wonder why this doesn't come up more often in all these Hershey threads. The best gift ever given to an experienced futures trader is Jack Hershey. Jack Hershey gives hope to the naive. Not just the run of the mill naive, but so naive they believe he makes 3X daily range. It doesn't get any more naive than that. Naive traders buy when they should sell. Naive traders sell when they should buy. It's to your advantage to have as many naive traders at the table as possible in order to increase the odds of one being on the opposite side of your trade.
ROTFLMAO!!!! You're the one who's naive to even suggest that it's the "best gift ever given to an experienced futures trader." In the scheme of things the Hershey followers who actually trade are insignificant and they're all so confused (like you) that their trades probably cancel each other out more than they form a unified block that buys when they should really sell, etc.
Couldn't agree more. People like Trader666 are just too ignorant to understand that the mkts need people like J Hershey. Trader666 has such a huge ego that he can't see past his own grievances to see the greater good. Hershey is one cog, but add all those cogs together and you got a lot of naive and stupid noobs all lined up to throw their money away into the mkts.