[Robert Joyce]

I have tried to find this Jack Hershey and all I could find were reams of stuff on how no one can figure out just what his method is and that there are no results. I still have not found anything that is written by him. Or is this all just a big joke so that whenever someones strategy is hard to discern they call is the 'Jack Hershey method'.

Not that I am looking for a new method to trade, I'm just curious, It's my balls that I am having trouble locating.

[brownsfan019]

Originally Posted by HAL9000 »

Now to the 2 point noise:
The charts below show 2 point range bars (based on 5 s bars, so some are larger and the open of the next bar might be the close of the last 5 s bar, i.e. they are not really range bars).
One idea of me is:
Lets assume that 6 points moves are quite often, but they also stall then.
If you entered missing the first 3 points, why not just exit when 6 points are
reached (with 2 or 3 points profit).
Then wait for a pullback of 2 or 4 points for reentering into the same direction as before.
That would be really playing noise.

Hal - that first chart is nice (and clean). I agree w/ Thales that some stuff jumps out at you...

1) I am not sure how these are color coded, but could something work with buying new blues and selling new reds?

2) Consider shorting new highs when turns red, buying new lows when turns blue. Again, not sure how you are color coding these, but on this chart it provides some timely entries after a base has been put in.

That is a clean chart Hal and could be something to work with IMO. Consider starting a new thread dedicated to it as many on the forum won't see this one post.

[Robert Joyce]

Thanks Diablo, I have read alot of it now and it actually makes sense to me. His method is strangely similiar to mine. Only I use EMA's on different time frames combined with stochastics to see 'trends within trends'. And I just love 'regression channels', after reading Hershey's stuff I will be using them alot more. Thanks again.

[brutusdog]

i see some mention of Watts systems round here and poked round the net a bit and found this.....no idea if it works but here is what i found!

[media]http://www.wattstrading.com/Simple2minuteSP.pdf[/media]

[brownsfan019]

6-3-09



boring day

[thalestrader]

Hi Folks,

Here are today's trades. Both were great trades, but unfortunately neither one resulted in a profit. The COV trade may actually be my largest loss on a single trade (42 pennies/share) this year. I'll post the charts over at the "Day in a Life" thread.

Total loss for the day: -$0.52/share traded

Best Wishes,

Thales

[HAL9000]

Thales, Brown -

Thank you both for your comments about my charts,

sometimes I think that a clean chart is much better tradeable than one with many indicators. On the clean chart you can see the trendlines and s/r lines, even if you are not drawing them.

Brown, your approach has merit, I think that it should have produced winners today,
but I haven't checked it yet.

I currently read Law of Charts, and then I will read about the TTE.

After that I will try to sort things out. And then I will start a thread.
I think then it will make sense.

Hal

[swansjr]

Originally Posted by brutusdog »

i see some mention of Watts systems round here and poked round the net a bit and found this.....no idea if it works but here is what i found!

[media]http://www.wattstrading.com/Simple2minuteSP.pdf[/media]

That's not the Watts System - but it's from Watts. It's a free PDF he hands out if you sign-up on his maillist.

I've been studying the Watts for several months and have to say I'm very pleased with it. If anyone's interested I'm trading it live on this thread: Daybreak Trading.