I plan to watch these stocks on Monday ...
ARD BTUI CKCM GMXR MIND REDF TWGP
- Spydertrader
ARD BTUI CKCM GMXR MIND REDF TWGP
- Spydertrader
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Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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I sold all my shares of TRLG this morning when price appreaded to have difficulty remaining above a resistance point. This week long trade garnered a profit of .55 cents per share.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1056246>
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1056246>
Attachments
Quote from jonnyy40:
dxpe rocked.Could someone post DKMs bear market trades,please?Or tell me why I can't enter the msn site?
When asked for assistance, you refused. While withholding information remains your personal choice, one does often reap what they sow. After spurning requests for help and to provide clarification, it should come as no surprise, that those to whom you refused to provide a helping hand, now care not to aid you in your quest for information. I suggest you seek assistance elsewhere.
With respect to your inability to obtain the aforementioned documents on your own accord, Karma appears to provide an appropriate explanation for your difficulties.
- Spydertrader
I wanted to thank the Hershey folks and Spyder for making the latest material available.
I read numerous books authored by experienced successfull traders and they all expressed fustrations in trying to teach the 90% of the unsuccessful traders how to trade ( I am included in this 90% ). Unsuccessful traders have many false assumptions about the market.
I have several points/interpretation that I would like to get comments on.
1) In the document he mentions channel annotation on three
different levels ( p. 2 )
I am assuming weekly, daily and 30 minutes?
2) From a pennant formation of short duration he mentions that
you have about 2 lousy day window for a hershey triggered
trade (p.27).
I am assuming he means that within 2 days of this formation
the probability of a successful trade within his framework are
the highest?
3) His comments concerning the cash future markets vs the
indexes I assumed is mainly for trading of futures and has very
little trend estimate value of the overall markets.
More simply put this info has very little value trading this
journal's stock system.
I read numerous books authored by experienced successfull traders and they all expressed fustrations in trying to teach the 90% of the unsuccessful traders how to trade ( I am included in this 90% ). Unsuccessful traders have many false assumptions about the market.
I have several points/interpretation that I would like to get comments on.
1) In the document he mentions channel annotation on three
different levels ( p. 2 )
I am assuming weekly, daily and 30 minutes?
2) From a pennant formation of short duration he mentions that
you have about 2 lousy day window for a hershey triggered
trade (p.27).
I am assuming he means that within 2 days of this formation
the probability of a successful trade within his framework are
the highest?
3) His comments concerning the cash future markets vs the
indexes I assumed is mainly for trading of futures and has very
little trend estimate value of the overall markets.
More simply put this info has very little value trading this
journal's stock system.
Quote from 8833broc:
I wanted to thank the Hershey folks and Spyder for making the latest material available.
Once Jack has the three web sites operational, these files (and others) will be available from one location. Until then, I plan to continue to upload any large files onto my web site. Look for additional updates within this Journal when as I receive additional files.
Quote from 8833broc:
I read numerous books authored by experienced successful traders and they all expressed frustrations in trying to teach the 90% of the unsuccessful traders how to trade ( I am included in this 90% ). Unsuccessful traders have many false assumptions about the market.
I have found it helpful to 'forget' what one thinks they know about the markets before attempting to learn Jack's Methods. After completing the internalization process, tapping one's previous experience provides an improved opportunity for profit. During the learning process, one's experience or previous assumptions often prevent assimilation of these new (and sometimes counter intuitive) techniques.
Quote from 8833broc:
I have several points/interpretation that I would like to get comments on.
Gladly.
Quote from 8833broc:
1) In the document he mentions channel annotation on three different levels ( p. 2 ) I am assuming weekly, daily and 30 minutes?
Yes. Jack recommends chart annotation on all three fractals (Weekly. Daily & 30 minute) in order to assist the new trader in 'seeing' where the market might head next.
Quote from 8833broc:
2) From a pennant formation of short duration he mentions that you have about 2 lousy day window for a hershey triggered trade (p.27).
Correct.
Quote from 8833broc:
I am assuming he means that within 2 days of this formation the probability of a successful trade within his framework are the highest?
Correct. Jack often talks about pennants and 'cup-n-handle' formations in his older documents.
Quote from 8833broc:
3) His comments concerning the cash future markets vs the indexes I assumed is mainly for trading of futures and has very little trend estimate value of the overall markets.
Correct. Jack has often recommended learning to trade his Futures Methods as a means to improve profits. MAK has developed an excel sheet in the "Question for Grob / Hershey" Thread which aids the trader in 'seeing' the "Stretch / Squeeze" in action.
However, the level at which the cash and futures markets offset doesn't provide much assistance to the equities trader. I do not follow it for my trading.
Quote from 8833broc:
More simply put this info has very little value trading this journal's stock system.
If by "this info" you mean Jack initial comments concerning the cash future markets vs the indexes, then yes, this information refers to futures trading and not equities.
- Spydertrader
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