Spydertrader's Jack Hershey Equities Journal II

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Quote from chapper:

yes, lots of good action today, I chased FMCN today, and got in at 54.10, hopefully it will ride a bit.

4X, on the chart above, what does "hh" mean? I am still working on learning how to draw these channels :)

thx
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chapper, the HH means higher high... it was one of my decision factors.
 
Think I've figured out my last problem. Error in my code (I think) which REALLY re-inforces you need to test everything before launching into production.

Anyway, I've attached my latest version of the intraday / auto-trading code if anyone is interested.

Aslo had a couple of PM's regarding my earlier AB code.

The 'hershey complete.afl' will only work properly on EOD Data. Also you need a fairly recent beta of Amibroker to get all the functions to work properly.
 

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Quote from mischief:

Think I've figured out my last problem. Error in my code (I think) which REALLY re-inforces you need to test everything before launching into production.

Anyway, I've attached my latest version of the intraday / auto-trading code if anyone is interested.

Aslo had a couple of PM's regarding my earlier AB code.

The 'hershey complete.afl' will only work properly on EOD Data. Also you need a fairly recent beta of Amibroker to get all the functions to work properly.
More...

thank you mischief !
 
Sold FMCN this morning when price breached the upper trendline at the $55.67 price point. Still holding SIRF - although it doesn't look to promising at present. Also bought COGO - only filled on 172 shares before price moved. Updates to follow.

- Spydertrader
 
was able to get some GROW action today. unfortunately i wanted to try easing into the position...didn't happen. she shot up there before i loaded up.

i got off 100 shares under 15, had planned to buy up to 400 total by 11am.

sold the shares for about a 4.5% gain

and good job to the fella who made that 10%er gain. sweet.
 
In order to update my trades, I have attached today's trade log. As you can see, I sold my SIRF shares for what amounts to a $12.00 USD loss. Basically a wash trade. As I stated yesterday, SIRF appeared problematic, and I cans ee clearly now I should have listened to my instincts. With FMCN (see next attached chart) I sold when price breached the upper trendline. Yes, I could have waited until price exited the lower trendline, but I banking a $2.00 per share profit gain seemed smarter to me than waiting it out. With COGO, I thought I would try to sneak in the door before Jack's 'Bruno' set up had fully formed. Not smart. Close enough is never good enough. I exited COGO when price went into negative territory (See Ross' Rule) for the day.

Hope that helps explain my thinking.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1024490>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1024494>
 

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Quote from Spydertrader:


....SNIP
With FMCN (see next attached chart) I sold when price breached the upper trendline. Yes, I could have waited until price exited the lower trendline, but I banking a $2.00 per share profit gain seemed smarter to me than waiting it out.
SNIP
- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1024490>

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1024494>
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Nice trade taking the UTL break. I waited til it broke the lower TL and missed about $0.60 per share profit.

I'll probably watch it tomorrow as I have it in the lower third of the daily channel.

DS
 
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