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Wealth-Lab Chartscript Culling Methodology The following Methodology describes how to use the new Chartscript Scans for culling stocks from an initial universe. The methods described below require additional testing and analysis before using the signals generated for actual trading. However...

Asking which broker with whom one could open a trading account or which platforms work the best before one has even learned how to trade parallels asking which surgical instruments work best for brain surgery before one has attended medical school. A great distance exists between having the...

MIPS fell from the Final Universe List due to Failure to Maintain Rank. The Final Universe now contains the following 23 equities: BCSI COGT DCAI ELOS EXM EZPW FORD GDP HANS JUPM MCRI MFLX PARL SGTL SIGM SNDA SYNA TASR TOPT TRGL UBET USG XXIA - Spydertrader

. I can't speak to futures trading as I have only recently (24 hours ago) decided to educate myself on the topic. However, I can tell you the effort and time I put in in order to transition from "no-nothing" student of the market to "no-nothing" full time trader of equities: 3 years. As to...

2005-04-25, Monday - Lists I used RS Setting of 90 and EPS Setting of 80 for the following lists Stocktables.com Sevens - Ones - Zeros SSNC - ADSK - AAPL FORD - CDIS - MFLX ULTI - TOPT - DHC AMHC - CELG - VLCCF PGIC - XTO - MACR PARL - MCRI - PTEN ISSC - NXTP - BUCY SNHY - CMTL...

Third Wealth-Lab Chartscript Scan I have added one additional scan to The Jack Hershey Equities Family of scans available at the Wealth-Lab.com web site. Using Jack's PVAD binary scoring algorithm, The Hershey Equities Score Scan v.1.0.0 quickly scores all stocks contained in a Watch List...

In order to make sure I understand you correctly, do you use the Wealth-Lab web site or Wealth Lab Developer? Also, do the stocks for which you seek analysis contain a six month data history? Lastly, when you refer to the "Version Two" Chartscripts, do you mean the 'scans' or the Chartscripts...

Wealth-Lab Update Based on the work submitted by Acelist, I have created two new Chartscript Scans, and updated the Dry Up Volume Range Chartscript to Version 2.0.2 The first Chartscript: Hershey Equities Rank SCAN v.1.0.0 is designed to be used as a scan against an initial sort of stocks...

2005-04-22, Friday - Update Our system failed to generate any signals today as actual volume failed to exceed and levels of calculated Dry Up Volume (pro-rata or otherwise) prior to 11:30 AM. As a result, I took no action (long or short) with respect to trading any of today's Watch List...

2005-04-22, Friday - Lists I used RS Setting of 90 and EPS Setting of 80 for the following lists Stocktables.com Sevens - Ones - Zeros ASPM - URBN - NSS FORD - VPI - CTSH MFLX - ADSK - LCAV USNA - NXTP - AFFX SRDX - ACI - HP SNDA - CMTL - USPI WWCA - PTEN - LSS MACR - JLG -...

While MFLX had already improved in price by 11%, the price appreciation occurred over time. Unlike gapped stocks (that often fill retreating back from their gap open price) gradual price improvement often continues for a few days if volume levels support such price increases. Because price...

2005-04-21, Thursday - Update Depending on the method used for Dry Up Volume calculation, MFLX may or may not have exceeded FRV levels. Several methods indicate that it has, while a few methods indicate that it has not. As a result, I plan to hold the 1500 shares MFLX at least until tomorrow...

Only slightly so. Using $69,000 USD account as a basis and a 5% initial stop loss on the per share purchase price of $19.76 USD, my risk calculator indicates a maximum share size of 1468 - using 2% risk for the account. I'm certainly not going to fret over 32 shares. - Spydertrader...

2005-04-21, Thursday - Update Our system generated three signals this morning when actual volume exceeded calculated 50% pro-rata Dry Up Volume. The first signal occurred with LCBM, but a quick check of the average daily volume for LCBM shows less than optimal levels. As a result, I did...

2005-04-21, Thursday - Lists I used RS Setting of 90 and EPS Setting of 80 for the following lists Stocktables.com Sevens - Ones - Zeros FFIV - CDIS - HP IRIS - PTEN - MCRS UTHR - CMC - CEDC JOYG - ELOS - NXTP APCS - MCRI - URBN JLG - SNDA - NSS LCAV - CMTL - ISRG NXTP - MDRX...

Thanks for posting your results. I didn't receive a trade signal this morning, but I believe that is due to the different Dry Up Volume calculations used between the two of us - rather than data source variances as we have seen in the past. Make sure you aren't combining several variants of...

Nope. You didn't overlook anything. I did. MW should have made the One's List, but for whatever reason, I skipped right over it during my initial sort. I apologize for any confusion resulting from my error. Thank-you for bringing this to my attention. - Spydertrader

I just had to follow the trading plan and exit when price crossed my stop didn't I. Ahh well, tomorrow is another day. Although today's MIPS trade could have yielded significantly greater profits, the stops protect us from mounting losses more often than they prevent us from obtaining increased...

Attached, please find a copy of all trades made since the Journal began. Over seven months, we made 28 trades using this system. Beginning with a $50,000 account, our current gross profits stand at $19,704 USD. - Spydertrader

Nice Observations. Jack spoke briefly about this very topic. Ideally, a combination of price position within a channel, volume, and score would indicate a bias for either long or short. Unfortunately, reality doesn't always work this way. Often, a stock breaks through the upper part of a...