Why the controversy? Jack Hershey SCT system works just fine.

MandelbrotSet · Oct 3, 2008

Quote from Neoxx:

You should be off-duty... you don't get paid for overtime, remember. You've done more than your fair share of promotional work for Jack this week.

Take a break. Enjoy your Friday night. Kick back with your root beer and American idol... you deserve it!
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Ah, yet another bright eyed, bushy-tailed nOOb taking up the SCT banner with hew and cry!

Quote from Neoxx:

Thanks for the encouragement, Spyder, but I'm still on part I of the Futures trading syllabus. Plan to complete that before I start working through this thread from the beginning.
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P.S. Thanks for the laughs, man.

MandelbrotSet · Oct 3, 2008

Quote from Neoxx:

I'm a full-time doctor, with a busy work schedule. Exactly two weeks ago, I accidentally stumbled upon a post by Jack, and glimpsed the potential of the method he was freely, patiently and generously disseminating. I've dedicated myself to the journey, and hope to in turn, facilitate the process for those who may follow.
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Please start trading the ES as soon as possible.

Hurry!

ehorn · Oct 3, 2008

Quote from MandelbrotSet:

According to your history Jack, you gon't "get it" either:

Jack Hershey's Trading History

LOL, I do love to read your fiction writings though, so please continue.
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lol... Fiction can be fun!

OTOH, here is a non-fictional piece which was presented on 12/31/07

overbydare · Oct 3, 2008

<a href="http://tinypic.com" target="_blank"><img src="http://i34.tinypic.com/34gkbo1.png" border="0" alt="Image and video hosting by TinyPic"></a>

MandelbrotSet · Oct 3, 2008

Quote from ehorn:

lol... Fiction can be fun!

OTOH, here is a non-fictional piece which was presented on 12/31/07

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Nice picture ... too bad you can't actually buy anything with it. :eek:

LOL, please continue.

Neoxx · Oct 3, 2008

Quote from MandelbrotSet:

Please start trading the ES as soon as possible.

Hurry!
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Would you leap headfirst into an underground bare-knuckle fight with two weeks training?...

Would you don a red cape and leap in front of a charging bull with two weeks training?...

Would you take your first deep-sea dive while still reading the manual?...

Go enjoy that root beer now.

MandelbrotSet · Oct 3, 2008

Quote from Neoxx:

Would you leap headfirst into an underground bare-knuckle fight with two weeks training?...

Would you don a red cape and leap in front of a charging bull with two weeks training?...

Would you take your first deep-sea dive while still reading the manual?...

Go enjoy that root beer now.
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Thanks for openly admitting that you know little to nothing about futures trading, much less having any experience under your belt to support Jack's, er, theories, LMAO.

LOL, you can't make this stuff up.

Tell me again about "dynamic support and resistance" Mr. No Experience? :eek:

lilduckling · Oct 3, 2008

Quote from ptunic:

This is really interesting stuff.. personally I've been trying to improve my diet (less alchohol ) and more exercise and it has been very helpful to learning. I want to place more of a focus on "learning how to learn". Can I measure times that I am learning faster than others, and if so are there health/environmental/mood factors at work here. Kind of like software coding; when you are in "the zone" you can be 10 times more productive than normal, I would like to find out if it is possible to spend more time in "the zone" in terms of learning SCT.
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Are you licking your chops?

MandelbrotSet · Oct 3, 2008

FANTASY

Quote from jack hershey:

I use an expert level log. It covers the bases for doing 20 to 40 trades a day.

Lets look at this as a college student would in boot camp. anyone doing any labs in college goes with the flow and follows a scientific methond apporach on doing a lab. Part of that is taking data. Making up a data sheet is important and often it is done by following the lab instructors directions. He wants to get you through the lab and clean the lab up, grade your efforts and fill in his lab grading book which ne may have to turn in for the archives at the end of the term.

In trading, for any method, we want to get ramped up to some extent so that we are making money as we proceed.

We do MADA very seriosly and add anything in that is possible as the day goes along.

Print the first chart and use it to do what the chart says. For your benefit cover the chart with something opaque and then slip it to the right as time passes, thus revealing more of the chart.

You enter on bar 2 as it breaks out of the top of bar 1 and on increasing volume. This is the sensory information. log it as bar 2 BO ^ Bar 1; V^B all on row one.

You log this after you have entered the trade @ market with the correct number of contracts. For a beginner it is 1 for an advanced beginner it is 5, For others it is 10, 20 ,40 or 50 or a total entered as 50 ,50 , 50 , 50 , and 50. Log Ent L, the bar, time, number of contracts and price(s).

So lets chat as the day passes.

Each level of trader has things to do and he is in an emotional state of support comfort and confidence.

Each level of trader works with the sequences he knows and uses. Like a lab experiment that makes up the content of the log.

I'll deal with a person who is in boot camp as a college student. He gets a log handed to him before bar 1 and a four colored ball point pen and a sheet of masonite with a sweeps chart pasted on it; the Chart is 8 /12 inches wide and two feet long. It is in nine colors.

The log has a volume column then a price column a MODE column, a wide space for analysis, a D column and a few columns for trading stuff. All in landscape.

For a beginner he is going to do a trade or two in the AM. He is busting his ass to get the P,V working and trading the long diagonal of a channel. He knows the P, V relationship...but he can't remember it.

The end of his trade will be the FTT of the channel. He is learning the sequences that lead to the FTT and that is where he concentrates his "remarks" in the wide space in the log.

He knows the log is four pages long. He knows the pages have three traverses as a minimum. The boot camp is structured because he is a student and he is in the camp because people who do the camp get to be millionaires.

It tkaes 15 minutes to finish bar 3 after wraching bar 1 and entering on bar 2 and sitting through bar 3.

So as bar 3 comes to a close on volume the same entry V^B and in price we have "lg bl ". In MODE a C for Continue is inserted. Remarks say "taping going fine".

For comparison, go to a CW thread. Fun on the sidelines.
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REALITY

Y- Jack Hershey 01/06 *
MANU 14.57 1.61 12.40% 5,850,300 -1.61 n/a -2,736.79 Application Software
ASMI 23.28 1.91 8.90% 439,400 0.11 193.6 462.92 Semiconductor Equipment & Materials
ARXX 10.71 0.86 8.70% 948,800 0.18 53.6 -4,943.34 Aerospace/Defense Products & Servic
PECS 24.71 1.8 7.90% 461,100 0.47 51.3 -4,188.62 Business Services
GRTS 27.05 0.95 3.60% 122,400 1.58 15.5 2,049.00 Specialty Retail, Other
ICTG 15.8 -0.19 -1.20% 23,100 0.63 26.8 -945.56 Business Services
DYII 9.79 -0.32 -3.20% 162,300 0.81 13.5 -6,270.48 Hospitals
RMCF 12.72 -0.52 -3.90% 700 0.95 12.9 -2,604.65 Confectioners
TRPS 19.64 -2.16 -9.90% 315,200 0.62 37 -2,206.35 Technical & System Software
2/ 7 ($21,383.87) -23.8% -23.8%

That is: -23.8 (!) and it is the top loser there of total 14 participants...

lilduckling · Oct 3, 2008

Quote from lilduckling:

lol........... you're still in the honeymoon phase with SCT

you are drunk with JH euforia lol

Right now you see SCT like this:
http://www.telegraph.co.uk/portal/graphics/2007/06/08/nosplit/ftsmoke.jpg
mysterious..... sexy......

After you sober up from all the kool-aid, reality will set in. You will wake up one morning and see SCT like this:
http://www.grimmemennesker.dk/data/media/2/female-smoker.jpg

lol...... poor chap
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