Iterative Refinement
- Thread starter Spydertrader
- Start date
Correct.
Quote from sscott:
Ok, I thought that the 10:15 bar did make a lower low and then climb up to close above the open???? My understanding of what a IBGS is could be in error.
Intra-Bar Gaussian Shifts do not change the color of the bar. The acronym IBGS explains what occurs within the bar.
- Spydertrader
Would you mind sharing your views on the 13:30 ES bar from yesterday? What do you consider this bar to be?
Hello all,
As I wrote about a few days ago, I am actively trading equities with the Hershey method. However, before making the decision to go all Hershey I had seen that Solar Stocks were below support and there indicators they were ready to rebound. I bought several of them, and have gotten anywhere between 20 and 40% return on them in the past month.
However, I want to know when to get out of a bounce like this. Could I take the Hershey method that I am using for trading equities over 3-5 days, and then apply it to this situation? Jack seems to say that His method can be used in any iteration you find useful, whether day trading or long term.
On a side note, I just got done reading one of Spyders early posts about sitting on one's hands when the market is reacting out of fear. I am glad I read that. Yesterday, the solar stocks dropped between 5-10% after one bad earnings report (not one of the companies I own) and a tax break bill that was not as much as the market had anticipated. I was ready to dump, out of fear and watching thousands of dollars drain away, when I got a clear head and remembered something. The stocks, fundamentally, had not changed. They were still in a growth industry, THEIR earnings reports and contract signings have been positive, and even though it was less than expected, they did just receive a tax break. So I held on.
So yesterday, they all ended up recovering at least half of what they lost, and today they are all up and average of 6%. Lesson learned. Thanks Spyder.
JF
As I wrote about a few days ago, I am actively trading equities with the Hershey method. However, before making the decision to go all Hershey I had seen that Solar Stocks were below support and there indicators they were ready to rebound. I bought several of them, and have gotten anywhere between 20 and 40% return on them in the past month.
However, I want to know when to get out of a bounce like this. Could I take the Hershey method that I am using for trading equities over 3-5 days, and then apply it to this situation? Jack seems to say that His method can be used in any iteration you find useful, whether day trading or long term.
On a side note, I just got done reading one of Spyders early posts about sitting on one's hands when the market is reacting out of fear. I am glad I read that. Yesterday, the solar stocks dropped between 5-10% after one bad earnings report (not one of the companies I own) and a tax break bill that was not as much as the market had anticipated. I was ready to dump, out of fear and watching thousands of dollars drain away, when I got a clear head and remembered something. The stocks, fundamentally, had not changed. They were still in a growth industry, THEIR earnings reports and contract signings have been positive, and even though it was less than expected, they did just receive a tax break. So I held on.
So yesterday, they all ended up recovering at least half of what they lost, and today they are all up and average of 6%. Lesson learned. Thanks Spyder.
JF
IBGS: Is a bar in which the close is in the opposite direction of the initial trend of the bar as established by its open.
Example: If a bar opens and initially moves down and then reverses and the close is above its open then we have an IBGS. Increasing or decreasing volume is not a prerequisite for an IBGS.
You have two choices: 1. Post a chart noting exactly the bar in question, or 2. Require that I go spend my time looking for the chart snippet while you hope my charting software labels time in the same fashion is your charting software.
Which course of action do you believe best suits your interests?
- Spydertrader