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Here is my take on volume. You want to consider buying after some evidence that most sellers have sold within the current trend as evident by lower volume and you want to buy when there is evidence that the stock is on alot of traders buy radar as evident by rising volume. It's that simple.

Foible, In my prior posts you will find my simulated documented results based on trading the DU concept. These trades were strictly entered based upon volume and TA with no considerations of channels. I agree that things never happen in "neat little packages". Channel drawing is an art and...

'Danny Tie Exit comments' I've found that the mechanical exit rules that are well documented in this forum will get you out of trades prematurely. I think a better method would be to draw a trend line, parallel to the channel trend line from the low of the daily close, offset by the offset...

results summary chart < image >http://www.elitetrader.com/vb/attachment.php?s=&postid=1240289 </image>

september trades attached - if not i pasted the trades. The charts for the biggest winner, GIGM Sept 7, and the biggest loser, NEU Sept 5 look almost identical up till the trade entry days. I was trying to determine a chart pattern that I can avoid these large losers. The best that I can figure...

sorry graphs are not showing up. Not sure why?

here is a chart of monthly summaries

Following the Hershey DU Rules In October there were 9 total trades totalling a monthly profit of -1.1%. Other criteria was DULOW by 1030 and DUAVG by 1130 else exit.

XING looked really good to me on the daily and 30 minute charts. My only concern was a 10% gain would put it above the left (upper) trendline. I am only simulating trading and due to my cautious nature would not of taken this trade despite the excellent charts. I've seen enough charts where the...

CBEY also was in DU the following day and was a buy following the rules posted at the end of Journal 1. As shown in my prior posts you not only had the Bruno setup probabilities, which I do not what they are, but you also had the additional safety factors of the results I have been posting on a...

DU is more of a concept but not an exact number. In the video Mr Hershey uses unusual volume and the appropriate TA setups to trigger a trade. My gut instincts tell me that you can ignore DU Volume as a pre entry criteria and focus more on unusual volume and chart patterns for suitable entry. I...

Attached charts ... see previous post.

Simulated Trade Results Thank you Spyder for your efforts in keeping this forum relevant! Some observations 1. August was the first month (out of the six months that I kept stats for) that all of the stocks traded acheived DUAVG before 1130 and subsequently achieved FRV before the...

Here are my Simulated Trades using the rules explained in my prior posts for the month of July. All Dry Up Values were created one time at at the beginning of the month ( I left this detail out in my prior posts ) and are used to trigger my trades. At the beginning of each month new dry up...

SYDER " repeat itself a minimum of 5 times over a period of six to eight days." A Valid Hershey Cycle. I hope u return in DU.

Work is slow today. I am able to generate quality graphics intraday. According to Wealthlab data BTUI generated a long signal at 1030 and there was not enough follow on volume to stay in trade at 1130. See attached image for wealthlab chartscreen.

Methodology explanation of last posted results All Long entry: Entry: PREREQUISITE - Stock must be in DU 1. LBDU Volume Threshold exceeded before 10:30 AM Eastern Time 2. Current Price > Previous Day Close 3. MACD (5,13,6) Histogram > 0 (positive on a 30 minute chart) I...

Spyder, Here are some of my hypothetical trades based on early volume/time parameters. As a result of the Bruno_R scripts I found I was mistakenly using EMA(5) - EMA(8) as my MACD signal. Suprisingly after I fixed my macd calculation there was little change in the results. For all trades...

Yes I agree. If I would of read the entire script I would of found this buy criteria @macdh[Bar] > 0 and it would not of mattered if it was .1 or (.1 * 3). Thank you,

Spyder Thanks for sharing the Bruno script with us! I found some suspicious code in your MACD calculation and it would change the results if the script is incorrect. Code Snippet below MHistMACD := SubtractSeries( MACDExSeries( #Close, val1, val2 ), EMASeries( MACDExSeries( #Close...