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    Spydertrader's Jack Hershey Futures Trading Journal

    As I often try to do with situations such as these, I prefer to take you back to what I knew (or thought I knew) at the point I made my decision. We start the day with an FTT on the ES (Point One). Over the first four bars of the day, we see increasing black volume. As such, my brain thinks -...
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    Spydertrader's Jack Hershey Futures Trading Journal

    No need to fret over it. You are talking to the guy that spent years searching for the exact formula for calculating Dry Up Volume. You think maybe I don't look back and wonder, "Gee, maybe I could have spent that time elsewhere?" LOL. :D Again, relax, kick back, and remain patient. The market...
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    Spydertrader's Jack Hershey Futures Trading Journal

    O.K. Actually, the signal is after 9:30 AM. ES Price forms an FTT on the Red carryover channel from the previous day. At approximately 9:32:15 we see Price begin to head higher on the YM (also forming an FTT on its carryover channel. Ym also shows increasing black volume. Again, it's a...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    If you've read the material, why are you asking a question which has already been asked and answered? In fact, the question and your solution are almost word for word the same. What is more, not only did I cover this question (on more than one occasion), but Jack also covered it. I even covered...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Relax. Slow down. Trading should not involve stress of any kind. If you follow along at your current resolution level (using the current tool set) you'll remain calm, cool and collected throughout the day. Remember, we learn to crawl, before attempting to walk, run or fly. Based on your...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I don't want to sound condescending or disrespectful, but seriously, I've pointed you in the right direction to locate the information you seek. Rather than spending time rewording the same question in an effort to motivate me to repeat my answer for easily the forth time, why not avail yourself...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Thanks for the kind words. I do manage to sleep around 5 - 6 hours a night. More than enough, for me. Besides, I plan to sleep plenty when I am dead. :D I have to admit; I did not quite anticipate the level of interest the two Journals would generate. To that end, I have had to scale back my...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    :D :D :D LOL. I did go on the tours, but Wine isn't really my thing. However, I did suck down more than a few Margaritas at Taqueria El Potrillo. - Spydertrader
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I have provided such an explanation for short candidates on numerous occasions throughout Journals I, II and III. Based on this (and other posts), I encourage you to review the previous Journals beginning with Page One of Journal One. You appear to have missed a number of key points with respect...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I would have preferred to see Price come up off the lows before the end of the day. - Spydertrader
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I think you missed the point of my post. You asked if any of the stocks signaled. I provided an answer based on Beginner Methods (which look at Dry Up Stocks triggering a signal in the morning). I also explained an answer using the methods discussed in Journal III. Advanced Methods look for...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    If you follow the 'Beginner Methods,' there is a very simple way to check and see for yourself. 1. Did the stock have price improvement? 2. Did Volume reach Low Band Dry Up Volume by 10:30 AM? 3. Did MACD cross Positive on a 30 minute chart at the same time as LBDU? 4. Did...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Note the attached Chart Snip. 1. Price Moves up on the black bar (blue arrow), hits the high of that bar and pulls back (orange arrow). Red bar opens and price moves higher (blue arrow) hits a new high and pulls back to the low of the red bar (orange arrow) where it pulls back off the low to...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Two and Four Summers ago we spent a few days in Napa during trips to the Bay Area. I might have bumped into you out there and didn't even know it. :D - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Prepare to fail you do, when short cuts you seek. - Yodatrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Today's YM Chart - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Today's ES Chart. I've added some extra annotations after market close in an effort to show those still struggling with Gaussians how to 'ignore' the fine detail (for now) while remaining focused on the larger picture. Judging from the nuymber and quality of psots today, it does appear...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I still perform the same culling activity each night in an effort to locate equities which 'make the cut' for entry into the Final Universe. However, I do not limit my selection of stocks to trade based on the Final Universe alone. Within Journal III, I have often termed these trades 'outside...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    We use The Hershey Culling Parameters: Price: $10.00 to $50.00 Average Volume (65-day): > 200,000 Float: 5 - 60 Million Shares EPS: Positive % Insider Owned: > 25% % Institutional Owned: > 25% in an effort to insure a Universe of "High Quality Stocks" exists for a trader to apply the...
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    How do you post a chart?

    Click Here for instructions. - Spydertrader
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