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Thanks for the advice Spyder. I'll try to trade the system with a clear mind. On a related subject, how do you hedge your overall market risk overnight, if you do?

Bread and better setup today in DISCA. I think it would be interesting to post more bad dummy trades and then comment on why the setup is wrong (if it is). There isn't much to learn watching a perfect setup...

I am holding my first winning Hershey paper trade: TIE, purchased yesterday at $54.10. I will continue to hold if it doesn't reach Peak volume tonight. Also bought NGPS at $29.70 this morning after LB DU was reached. Will sell if it doesn't come close to FRV by EOD. BTW, I'm not feeling very...

I am not sure I totally understand the scenario you're trying to describe but I guess you're refering to equal sized prints larger than 10,000 shares, indicating the specialist is (probably) printing two floor buyers (or two floor sellers) and thus deriving that momentum will continue in the...

Yes, you'll find this phenomenon many times when you look at the chart at the end of the day.

Ooops, I was using the wrong parameters. STOCK(14,1,3) %K > 80 is the right one. Thanks! The other observations in my previous post are still valid.

I also went long NTRI on STOCH(14,1,3) > 70 and a positive MACD(5,13,6). The STOCH indicator reversed after my entry and by the end of the 15 minutes period it was lower than 70, which could explain why other fellows here did not enter the position. The important point IMO is to make sure...

FORD had a nice runup today after DU BO in the morning. Eventually it reversed going negative for the day. Sold at $25.39 for an 80c loss after being up 90c. Sold GMXR as it didn't reach FRV by EOD.

OK, but then why the method rules filter for float less than 60,000,000 rather than 30M?

An alternative data source is Reuters: http://www.investor.reuters.com/CompanyOverview.aspx?ticker=FORD.O&target=%2fstocks%2fquickinfo%2fcompanyprofile%2foverview http://www.investor.reuters.com/nscreen/builder.asp?ticker=FORD.O&target=%2fopinion%2ffind%2fscreener

I am now halfway through the first journal and read most of JH documents but I still didn't find the point where the average daily volume dropped to 200k shares per day. I believe the initial requirement was for at least 600k share/day, so I wonder why this limit dropped. Is this relative to the...

Aha. Interesting. Any particular reason why you're not trading SHO stocks now?

I am continuing to paper trade dummies, so far with mixed results. Over the last two weeks I added a number of criterias to the original setup rules and today they served me well, as I stayed out of the market most of the time until I recognized this pattern in CAL. What triggered my...

Yes, I have the same results.

Was there any particular criteria to enter VIVO? I don't see it in the dry up list.

I run the DU scan on the final universe this morning after 9:00am EST. This is probably the reason why the scan returned a shorter list. I just confirmed running the scan a few minutes ago on wealth-lab: JMDT LIFC NFLX NGPS TRGL This is my current final universe: BOOM CMCO CTHR DCAI...

I started paper trading the JH methodology this morning. NFLX was my fist purchase as soon as it reached lower band DU with an entry price of $28.94. I should have probably waited for price to test the lower end of the channel on a 30 minutes chart. My final scan list doesn't match what you...

I can't talk for myself because I've been trading for less than year but I'm seeing the senior scalpers in my office drifting over the last 9 months. Their average profit per share is down to 1.2c to 1.5c (in the best case) and the few who are making money they're only making money in a few...

Also I was in MRX but closed the trade at the first reversal to $31.49. I guess in this chart we have it all: range contraction, strong bars, breakout in the direction of the trend (last 3 days).

Thanks, very interesting comments though the posts focus on winners only. Anyway, I'll start paying more attention to each candle before I enter my trades. Today was mixed: MERQE was a winner, CUTR, AZO and NDAQ losers. Now, check out this AZO reversal...