Spydertrader's Jack Hershey Equities Journal II

[bi9foot]

Quote from Gandolph:

Would someone directe to the Hershey website with all the materials from the Tucson group?
My computer crashed and I lost all my Favorites.
Thanks
Don

http://traderuniverse.info/

 

[Gandolph]

Thanks

 

[Vista]

After looking at many of your ES charts, Spyder, I've noticed a couple things.

1) At first, I thought the 20 sma was just cluttering up the chart, but it appears that when it's very close to a channel line it provides additional support or resistance. Maybe just coincidence, not sure. Probably due to alot of traders charting the 20.

2) The Intersection of two different channel lines seems to provide extra S or R , and if price breaks it, it tends to run very quickly on higher volume.

Any comments welcome.

 

[REB]

I see Market Depth mentioned from time to time; are there any instructions on how to use this tool with the Hershey philosophy?

 

[Spydertrader]

Quote from Vista:

Any comments welcome.

The 20 SMA often provides Support / Resistance. As a result, we look for a wide range bar (accompanied by higher volume) to break through. Without a wide range bar, you often have CCC or HVS while price 'sucks right up' to the 20 SMA.

When you have two opposing trends near each other, you'll find multiple FTT's taking place. This results from the two opposing trends battling for dominance. Eventually, one takes over and dominates.

- Spydertrader

 

[REB]

On Stacked Volume, the TS .eld produces a line volume indicator instead of a bar indicator. Any idea why?

 

[REB]

The dashed magenta line is a top channel line from the 60 min chart. I notice it is serviing as support for price. What I have learned so far focuses on the action between the two channels and does not make mention of support above the top channel line or resistance below the bottom channel line.

That being the case, how should I view this development?

 

[Spydertrader]

Quote from REB:

That being the case, how should I view this development?

Another trend (other than the ones mentioned in your post) currently dominates price.

- Spydertrader

 

[REB]

Spyder, I think you are right, notice the daily channel going through the same area.

 

[JDAndy]

Quote from REB:

On Stacked Volume, the TS .eld produces a line volume indicator instead of a bar indicator. Any idea why?

Go into the format for the stacked volume and look under "style". Change the style for each level to "histogram". In the same place, you can change the width of the bars to suit your taste.