Spydertrader's Jack Hershey Equities Journal II

[chapper]

Yea, I got in on the SIRF action today... got in at 37.07, sold half at 37.80 and held on to the rest... probably should have sold when it was in high 38's but oh well... lets see what the rocket will do

 

[Spydertrader]

Attached, please find an old document originally posted by JVBraun in the Oddiduro Thread some 2.5 years ago. I could not recall if I had posted this document before. If I have, I apologize for the redundancy. The word .doc outlines the many steps involved with trading Herhsey Equities. Please note, I have attached this document for educational purposes only as many of the steps and parameters have changed since the creation of the 'JacksMethods.doc' several years ago. Please keep this in mind when reviewing the text.

- Spydertrader

 

[gooch87]

OK
taking into consideration the refresher that Mischief gave, I am putting TASR back in my final universe.
And I will be watching it to see if the breakout happens.

Gooch87

 

[cnms2]

Thanks Spydertrader! Every time I read or re-read one of these documents, the picture gets crisper.

Quote from Spydertrader:

Attached, please find an old document originally posted by JVBraun in the Oddiduro Thread some 2.5 years ago. I could not recall if I had posted this document before. If I have, I apologize for the redundancy. The word .doc outlines the many steps involved with trading Herhsey Equities. Please note, I have attached this document for educational purposes only as many of the steps and parameters have changed since the creation of the 'JacksMethods.doc' several years ago. Please keep this in mind when reviewing the text.

- Spydertrader

 

[ohio]

In reading Spytrader's journals, I have come across the following buy conditions:

1. Volume > low band threshold
I understand this

2. Price higher than previous day
Does this mean higher than yesterday's high or higher than yesterday's low?

3. MACD histogram >0 Parameters (5,13,6)
On a 30 minute chart?

4. STochastics >80 Parameters (14,1,3)
On a 30 minute chart?

Thank you for your help. I really enjoy this board.

 

[Spydertrader]

Quote from ohio:

2. Price higher than previous day
Does this mean higher than yesterday's high or higher than yesterday's low?

Yesterday's close.

Quote from ohio:

3. MACD histogram >0 Parameters (5,13,6)
On a 30 minute chart?

Yes. On a 30 minute chart.

Quote from ohio:

4. STochastics >80 Parameters (14,1,3)
On a 30 minute chart?

Also, on a 30 minute chart.

Quote from ohio:

Thank you for your help. I really enjoy this board.

You are welcome. I sent you a PM.

- Spydertrader

 

[Spydertrader]

I decided to sell all shares of NDAQ this morning when price reached the $41.35 price point. This 4 day trade yielded a per share profit of $2.00 per share on 200 shares.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1032243>

 

[Spydertrader]

Quote from Spydertrader:

I decided to sell all shares of NDAQ this morning when price reached the $41.35 price point. This 4 day trade yielded a per share profit of $2.00 per share on 200 shares.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1032243>

The above should read per share profit of $1.85 USD and not $2.00 per share. I apologize for the error.

- Spydertrader

 

[8833broc]

Here are some statistics based on the trade methodology documented at the end of Journal 1. The total trades and % Gain columns are the system generated signals and the NASDAQ, S&P and Russel are the indexes % monthly change. I thought it would be interesting to see the system "BETA".

Please keep in mind that some of the trades were done around earning anouncements which is usually a no no. Also the DU volume and the watchlist used for all the months was calculated March 30, 2006. There is no Channel analysis.

I used a free data provider for the data. The data may not
be exact but I feel is in the ballpark.

My point I am trying to make, like any trading system, is that there is an "ART" to trading any system.

I am a new poster and I am not sure if my spreadsheet made it thru.

 

[Spydertrader]

Quote from 8833broc:

Here are some statistics based on the trade methodology documented at the end of Journal 1.

Thank you for taking the time to share your results of backtesting The Hershey Equities System. I appreciate the effort. It appears (based on the numbers you provided) that the system performed quite well even without taking into consideration Jack's 'Bruno R' set up or trendline analysis. However, I caution reading too much into these results.

Not to take anything away from your contributions here, but I noticed you chose to use March 30, 2006 for your Dry Up Volume calculations. As Dry Up Volume levels do change over time, using a static level of Dry Up may skew your results somewhat. As a result, the backtest may have signaled a trade too early (or too late) depending on the amount (and directional change) of actual Dry Up Volume when compared to your theoretical levels. In addition, backtested trades may have occurred (or not have occurred) for stocks which would not (or would) have found themselves in Dry Up using dynamic Dry Up Volume calculations. As a result, these theoretical monthly rates of return may turn out to be higher or lower than a theoretical return using a changing Dry Up Volume calculation.

Again, thank you for contributing to the discussion. I am sure many will find your post helpful.

- Spydertrader