Hershey's Equity thread

[gms]

Quote from gotta_trade:

How do we come up with that particular number or range of the DU to know if it was exceeded?

Apparently, if you notice that the volume for the [daily] bar has pretty much dried up; it's much lower than average; that's it. Good to go. Get ready to jump in. Very visually discernable. It doesn't get much better than this.

Unless someone has a better definition, that's the way these rules seem to go about here, much to my chagrin.

The question that's been going around in my mind is, exceeded in which direction? Logic dictates that the DU is exceeded via an increased amount of volume over and above the DU amount, and, as per the rules, by 11:00 AM or so. Roughly. Just about. Give or take. Eastern Standard Time. When the big hand is on the twelve and the little hand is over Mickey's left armpit.

 

[gotta_trade]

Jack,

I use TC2000 as my EOD platform. What advantages does ClearStation have over TC2000?

Why would I use ClearStation instead of TC2000?

Does TC2000 serve the purpose?

Thanks,
gotta_trade

 

[oddiduro]

Jack, we are truly becoming complete traders, thanks for putting up with the crap to create some Market Wizards( or Jiminy Crickets, as you say)

Somehow I missed the criterion for what constitutes DU, VDU and FRV in the equities.

Is there a formula?

I know in the mini's a good rule of thumb is to use the lowest volume of the last 20 bars as a definition for dry up.

You gave us the values for FRV in the mini's also.

For the life of me, I cannot come up with an objective way to come up with this in the equities.

As soon as that gets cleared up, we are truly off the races!

Oh, one more thing. The 3 columns on the assessment sheet for volume, what are they for?

Do we fill in the last 3 days of volume?

I have to speed read alot, because of my schedule, so I miss things.

Regards
Oddi

 

[oddiduro]

Okay, so I just found a post where you already covered this. We "eyeball" the critical values.

I can do that.

Many Thanks
Oddi

 

[gotta_trade]

Quote from bubba7:



We will do a pro rata volume assessment during monday. Post the DU volume on each as well as their 65 day average volume.

How does the 65 day average volume factor into all of this?


Thanks

 

[Moz]

Here are some daily analysis spreadsheets, not much good, I forgot if they were off daily or 30. Iwill look for my binary stuff fot a/d and post it. Ihad a hard time with daily broadening price formations not sure how to handle those. One looked like a CCC pattern another a FTP, but I'm not sure if those patterns apply on a longer time frame. I put stops at right just for practice, these will definitely improve once Iget a routine down. I recognise pretty much all of this so far, just never put it to use and had explanations with it. Is definitely overwhelming to get it done right. Itry to use three horizontal bars on the volume to get an idea of different volume levels, like horizontal trendlines, sometime they become useless at stockcharts.com if you get a big volume spike, would like to find better setup. Thanks Jack for the 20% tip for doing thebulk, double the value, move the decimal, helps numbskulls like me. Sorry this is so late, willbe better in the future.

 

[gms]

Quote from gotta_trade:

Jack,

Okay, so the DU volume must be matched or exceeded before 11.00 am eastern.

Now when that happens, what trigger would you use to go long the stock?

If the stock on your HotList passes the DU volume test by 11:00 am, do you automatically buy it, or are you waiting for another event to happen? What are the other things that you take into consideration?

Thanks,
gotta_trade

That's a good question. Considering we're going long, I'd imagine the price has to be rising as well. I'd also think that you'd want to see that we're coming off the lows and not the other way 'round. But does previous resistance and potential supply play a factor? Perhaps that's where float comes in? This, like anything else I post, is not me speaking on behalf of Hershey.

Jack, have you ever filtered to not enter if the BO price was not sufficiently below or above previous waiting supply?

 

[Moz]

This would be used for the P V A/D colums on the daily analysis

 

[manz66]

Quote from bubba7:




I will have someone get the glossary reference on here for you. because it is long, it is best to go to one of the sites that carries it.

You need to know three basic volumes to make money.

Volume is a leading indicator of price.

If you know this, then you really get rich fast.

Imagine you want to know ahead of time that the price is going to BO. It makes it easy to make money.

The volume before the price breaks out is DU. Dry Up volume.

You have charts that show the volume before the price Breaks out. You look at the size roughly and see the value.

It is not a % of average volume taken over a period of time.

The FRV is the volume for the first day of the BO. First Rising Volume.

You have charts that show the volume the day the price Breaks out. You look at the size roughly and see the value.

Peaking volume. This is the volume required to drive the price to the peak.

You have charts that show the volume as the price peaks. You look at the size roughly and see the value.

Because you can find these answers you have the holy grail after all. Just buy and sell when the volume tells you to. that is the secret not written in ET anywhere apparently of people would do it and be rich instead of like trend fader and trendy.

I thought I had posted the glossary before this, sorry. A reference will show up soon. about 10,000 people keep binders already so one of them will get you to one of the many web sites out there in English.

Jack,

These people here are bunch of looser, you gave enough information for them to be successful. 99% of human race are like that. They are looking for holy grail. lol.

 

[bubba7]

Quote from gotta_trade:



Jack,

Okay, so the DU volume must be matched or exceeded before 11.00 am eastern.

Now when that happens, what trigger would you use to go long the stock?

If the stock on your HotList passes the DU volume test by 11:00 am, do you automatically buy it, or are you waiting for another event to happen? What are the other things that you take into consideration?

Thanks,
gotta_trade

That is the buy trigger. you have about an hour before price moves.