Spydertrader's Jack Hershey Equities Journal II

[Spydertrader]

Quote from billp:

Spydertrader,

Thanks for the files. Just managed to see one and find it useful.

Can we actually save the files here ie in Elitetrader due to limited space in the other website? This will allow for future viewing from others who may not be able to view them at the present moment (due to they may not have read this journal yet/future generation etc). If can't I understand. Thanks.

Also, do you use log chart or linear chart? This is because the trendlines/channels will differ (sometimes by a bit, sometimes by much more) depending on the chart type

Thanks once again

Jack uses Line charts. I use candlestick charts. My individual daily monitoring charts are the same size as the screen shots I post on ET. However, when drawing channels, I increase the size in order to make drawing the trendlines easier.

For as long as I have owned the web site, I have never had a problem staying under the maximum server space. However, due to the extraordinary size of these video files, I cannot host all files at the same time. Even after breaking up the files into smaller pieces, each part runs about 50 mega-bytes. The files in question exceed the Elitetrader.com maximum size for attachment to posts. As a result, I needed to upload them onto my web site for distribution. If you download the files onto your own hard drive, you'll always have them available to you.

Once the new Hershey Web site approaches completion, all files will be available from one location for anyone to download. I simply wanted to distribute the files earlier to those with an interest.

- Spydertrader

 

[dougcs]

Quote from 4XIS4U:

Doug - interesting chart you have there... I see you have some custom indicators on your chart. Is there anything (even ideas) that you can share around the information/indications on them?

I'd understand if you can't. thanks.

These are not special. I'm trying to learn to use the second derivitive of price and volume, and for GES it worked well as it has worked well with other stocks I've traded with it. I posted some TASR trades I made last week using these indicators.

THe math is simple: The second derivitive is the difference of a difference and I smooth using the Tillitson T3 algorithm.

I do treat intraday volume differently as I look at the ratio of the volume of the intraday bar divided by the average for that intraday bar. Bars1 and the last bar of the day have the most volume.

Attached is a chart of GES showing the average intraday volume by bar:

The formula I use for the second derivitives are:

Price:

factor = 390/barinterval
dif = 100*factor*(close - close[1])/close[1]
smoothed second derivitive = T3(dif-dif[1], 6, 0.7)

Volume:

I use Bar's Volume/Avg Bar Volume instead of the close.

Hope this helps.

If you use Tradestation, PM me and I'll send you my code.

Doug

 

[dougcs]

Here is a chart of TIE (I believe it has some followers) showing the PV relationship and how intraday trades could have been made using the 2nd derivitive of volume.

Wish I had seen this one yesterday

Doug

 

[cnms2]

dougcs, How do you like Tradestation for charting and as a broker? Thanks.

 

[oddiduro]

Quote from Spydertrader:

Those of you who have not yet had an opportunity to download and review the files from my web site should do so as soon as possible. I received a rather large (416 mb) (from the IBD Tucson Meetup Group) video file recently and need to make space. I have broken up the 416 mb file into several parts. I have already uploaded Part A (of seven parts) onto the web site. Beginning Monday Evening, I will replace the files currently available with new files (B - G) each day in an effort to conserve space. I plan to update the Journal when the changes occur. I apologize for any inconvenience caused by having to delete the files. I simply did not anticipate the huge size of these video files.

- Spydertrader

Spyder,

The avi links B-F are broken it seems. Is there a mirror site, or could you post them again?

Best Regards
Ron

 

[ozzy]

Are these files audio only?

 

[oddiduro]

Quote from ozzy:

Are these files audio only?

No, they are video files, and they will fill in many gaps in understading, I sense.

 

[jonnyy40]

Is Mr Hershey organiser or innovator in your opinion, Oddiduro?

 

[Moz]

Just a suggestion for you Spyder, I recently discovered a program called Limewire, which is a peer to peer file sharing program, people use it to download mp3's, but it can also be used to download docs and video. I found the program to be unintrusive, no bundled software or spyware that I can tell. Its relatively easy to use and I thought it would be a simple solution to sharing large files. No limit apparently to file size. All you would have to do is list the name of the file here, and we would search and download it on Limewire. If you try it search for a doc called Trends and Pace, that will come from my computer. Hope this will make things easy for you.

 

[Spydertrader]

Quote from oddiduro:

The avi links B-F are broken it seems. Is there a mirror site, or could you post them again?

I haven't uploaded files B - F yet. I'll begin to upload these files Monday evening. I wanted to give everyone who may not regularly visit these discussions an opportunity to download the currently available files before I began replacing the files with the huge .avi file (in seven parts). Sometime Monday evening, I plan to have parts B, C & D available for download. Later this week, I'll upload E, F & G.

- Spydertrader