Why Is The Obvious Not So Obvious?

Here is a sample of typical ftt trade....and CW trade taken not knowing for Hershey trading method...Hahaha

 

Can someone explain to me (without the vitriol) what or who this whole Jack Hershey thing is about.

I've tried to read some of his posts, but it just seems to be incoherent rambling.

Thanks

 

Hi RN,

If we need to risk as low as possible, then should the entries be trying to catch the lows and highs? Or is the stoploss very very close to your entry?

 

Ok, Long makes sense now. Thanks RN.

 

The stops seem to be so near, so risk was low. May be that's not the way to look for entries.

 

i think i will bet LONG

 

Thanks for the answer. That's pretty much the same thought process I'm using right now.

I was wondering what you & TO think of Level2, Time & Sales, Market Profile. I've never really used any of them; wondering if they are worth learning about.

I don't scalp, but I sometimes trade the 1 minute chart, sometimes the 5 minute chart.

 

Thanks RN,

You've got set up areas. Triggers ? In that last yellow box would you look to buy near the up sloping TL ? Do you buy the upside B/O or would you wait for a B/O pullback to see if it holds.

Thank you !

 

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If long my first entry would be at the bottom of the consolidation with second entry at the BO, depending on the history of the rest of the chart and any possible news coming out, stops moved to BE on the bottom entry and i would either exit one lot on the resistance or on 1 min TF will be holding on to the button ready to exit, as it is likely a second consolidation will occur here with perhaps another BO, if that happens my aim would be the pivot above.
With price coming down to meet new up TL for a third touch another entry is possible.
Will also be watching for a fake BO of current resistance.