Search results

  1. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Anytime! It's amazing how much I learn when I actually sit down and type something out rather than gloss over it at my usual ADD pace... :D As for the channels you have added above, I think it's a matter of detail. I think there are some "rules" on how many to draw, but all of the above...
  2. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Yes, very much. Looking back, it seems almost obvious :D For some reason, I had drawn in a second down channel (traverse) but then deleted it. When I draw it back in like in your chart, it is much more clear. Thanks! TNG
  3. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    I like to watch the 5 min(sorry, previously stated 30 min, which I also use) chart for exits. Lately, I've been focusing most of my time on identifying FTT's. Although I was away from my computer at the time, it seems like there was a very clear FTT on REDF almost at the high of the day (the...
  4. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    I honestly couldn't make much sense of the 30 min chart for GIGM. It seemed to run up and then go into CCC for the rest of the day. On the daily, however, it may have been prudent to trim the position or exit it entirely when it hit the RTL of the big down channel. I missed that one too...
  5. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    I bought REDF this morning, and had STEC from a previous day. I still own STEC, but sold out of REDF when it came back to b/e for me. Looking at the 30 min chart (which is what I use for exits) there seems to be a glaring FTT that I missed.
  6. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    The end result of learning to use channels over the last year or so is that I am very convinced of their usefulness (and especially FTT's). The problems I had this week were with execution and lack of conviction. Looking back at these charts it's hard to believe I didn't have a very profitable...
  7. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    CRZO was a bit early, but nevertheless it did show up.
  8. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    ASCA was to the day, as well. (not my analysis, but Spyder's mention of it).
  9. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    And of course Spyder's suggestions did very well. This one was to the day exactly. He has mentioned that he uses many more tools than I do currently, and has a whole lot more experience. Something to strive for, however...
  10. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Well, not everything goes according to plan. XING was a rocket this week, but I didn't see it in time. I have drawn in a new channel that shows a potential FTT to explain what happened, but I really don't see the volume to support that as an FTT. Maybe there are some tools that I'm not using...
  11. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    There's not much to see still on MIKR, it looks like it's still trying to form the channel...
  12. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    HWCC respected the RTL perfectly and bounced very nicely off of it.
  13. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Again, GIGM's price perfectly obeyed the channels. This one to me was quite remarkable.
  14. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Although I wasn't sure how to handle this one, it's amazing to see how the price followed the channel almost perfectly. Also, the dates on the last two charts should read the same as this one (1_17_07) not 1_12_07 like they do, sorry for the confusion.
  15. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    CTRN was pretty much to the day, and never looked back. I don't remember if this one signalled or not, but I think it might have.
  16. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    As I work my way through the learning process, I like to reflect on prior analysis to see where I can improve. A week ago I posted a series of charts with a brief description. This analysis was made using only my current understanding of FTT's (very incomplete, I'm sure) and the current...
  17. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    I am very much still learning about FTT's as well. Here are my thoughts on DXPE, and why I exited when I did. Maybe someone else more experienced can share their thoughts as well. On the daily it looks like it has recently created an FTT and crossed the RTL of the down channel. This leads...
  18. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Sold DXPE for 33.92 for a $1.50 gain. Thanks, and have a good weekend everyone! TNG
  19. T

    Spydertrader's Jack Hershey Equities Trading Journal III

    Micromanaging... I do it too. Often if I feel I'm doing that I simply back out to the daily and work my way down to reorient myself. TNG
Back
Top