Spydertrader's Jack Hershey Equities Journal II

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Quote from mephistoII:

Again hypothetical, but say the succeeding price action works on down and breaks below the heavy blue RTL and then reverses ( I have roughly scratched in some bars in order to illustrate) Would I then proceed to readjust this channel as also noted on the attached chart? (Naturally, the upper blue lines (LTL) would also be changed in order to maintain parallelism).
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I believe you correctly describe how one transitions to a new channel. However, rather than use the word 'adjust' to describe the process, let's simply create a new channel. I have drawn in the Parallel lines (Olive Colored Arrows) as you described above. See attached Chart Snippet. No need to continue the Blue Channels any further. The Olive Colored Channel now dominates.

Good to see you coming through the fog.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1300938>
 

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I am a newbie and have a very very basic and fundamental questions:

I read Spydertrader's method in Journal #1 and completed the creation of hotlist/final universe of stocks.

- Does one perform an ascending or descending sort on % vol change after preparing the list from stocktables.com, which then get filtered into 0's, 1's and 7's.

- Second, how does one plot MACD(5,13,6) and stochastic (14,1,3) on the chart. The charts I am using chooses a default (26,12,9) for MACD and Fast Stoch(14,3). What utility can I use to change this?

- Third, the only stock that made the cut after I went through the process Spyder outlined was OMRI for 12/19 -- is this correct or am i doing something wrong?.

Your inputs appreciated.
Hope to absorb and execute on the wisdom on these pages, some day...

Thanks.
 
Quote from samram999:

Does one perform an ascending or descending sort on % vol change after preparing the list from stocktables.com, which then get filtered into 0's, 1's and 7's.
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Descending.

Quote from samram999:

Second, how does one plot MACD(5,13,6) and stochastic (14,1,3) on the chart. The charts I am using chooses a default (26,12,9) for MACD and Fast Stoch(14,3). What utility can I use to change this?
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You'll need to find a charting program which permits you to change the default settings for MACD and Stochastics. You might try Quotetracker.

Quote from samram999:

Third, the only stock that made the cut after I went through the process Spyder outlined was OMRI for 12/19 -- is this correct or am i doing something wrong?.
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OMRI should have made the cut, so you correctly obtained that stock. Keep up the good work.
 
As I understand it, an uptrend has the 1 and 3 points under the data and an downtrend has the 1 and 3 points above the data. Is this correct or an error?

REB
 
Quote from REB:

As I understand it, an uptrend has the 1 and 3 points under the data and an downtrend has the 1 and 3 points above the data. Is this correct or an error?
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Correct.

- Spydertrader
 
Spyder,

Regarding your last chart, why is the blue FBO not a blue FTT? I'm not clear on the difference between the two.

Also, what is the real time trading rule for an FTT? Or is it more of a discretionary trade using PRV?
 
Quote from Vista:

Regarding your last chart, why is the blue FBO not a blue FTT? I'm not clear on the difference between the two. Also, what is the real time trading rule for an FTT? Or is it more of a discretionary trade using PRV?
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This Post contains three links which should answer your two questions.

- Spydertrader
 
Quote from Spydertrader:



Good to see you coming through the fog.

- Spydertrader
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Thanks for the explanation, Spyder. Although "it" can still be kinda "dense" here at times (g!) I'm sensing something really "new" in my trading, and I feel like a giddy kid on XMAS morning.

And with that thought in mind, pretty much winding up the year here, and would like to wish everyone who frequents a joyous Holiday season, and Health, Happiness, and PROSPERTIY throughout the coming year.

Peace be upon us ...
 
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