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- Spydertrader
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Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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You can obtain float data from a variety of sources - Yahoo, MSN Quote.com - to name a few.
- Spydertrader
Congrats to everyone. Nice trading over the last week.
- Spydertrader
- Spydertrader
Attached is a graph of trade results compared to major indexes.
Trades were based on prior day du, du VOL BEFORE 10:30 AND DUavg vOL BEFORE 11:30 ESLE OUT. All remaining exit rules are posted in this journal. NO CHANNELS WERE USED AND NO TRADES WERE turned down based on earning anouncements or fed speak days. ALL trades were based on 30 minute bars only.
How were traders results that were based on Channels and the TA setups explained in the videos during this time frame?
Below are the trade details.
GMXR 06-FEB-06 1000 $In: 46.06-FEB-06 1130 $Out: 46 % Pft: -.3 DUAVG > 1130
GROW 06-FEB-06 1030 $In: 18.07-FEB-06 1100 $Out: 18 % Pft: 1 DUAVG < 1130
HANS 23-FEB-06 1030 $In: 95.23-FEB-06 1600 $Out: 96 % Pft: 1.2 DUAVG < 1130
IIJI 07-FEB-06 1000 $In: 11.07-FEB-06 1600 $Out: 10 % Pft: -2.8 DUAVG < 1130
LMS 06-FEB-06 1030 $In: 30.06-FEB-06 1130 $Out: 30 % Pft: .4 DUAVG > 1130
PWEI 06-FEB-06 1030 $In: 22.06-FEB-06 1600 $Out: 22 % Pft: -.2 DUAVG < 1130
VPHM 07-FEB-06 1000 $In: 22.07-FEB-06 1600 $Out: 22 % Pft: -3.5 DUAVG < 1130
VPHM 24-FEB-06 1030 $In: 21.24-FEB-06 1600 $Out: 21 % Pft: 1.5 DUAVG < 1130
ENG 21-MAR-06 1030 $In: 11.27-MAR-06 1530 $Out: 12 % Pft: 10.2 DUAVG < 1130
GROW 30-MAR-06 1000 $In: 14.30-MAR-06 1600 $Out: 15 % Pft: 3 DUAVG < 1130
HANS 02-MAR-06 1030 $In: 98 02-MAR-06 1600 $Out: 98 % Pft: 1 DUAVG < 1130
IIJI 29-MAR-06 1030 $In: 9.429-MAR-06 1600 $Out: 9. % Pft: 1.6 DUAVG < 1130
NWRE 10-MAR-06 1000 $In: 24.17-MAR-06 1000 $Out: 25 % Pft: 2.4 DUAVG < 1130
LMS 28-MAR-06 1030 $In: 24.28-MAR-06 1600 $Out: 24 % Pft: 1 DUAVG < 1130
MEK 28-MAR-06 1030 $In: 16.28-MAR-06 1600 $Out: 16 % Pft: 3.6 DUAVG < 1130
NTRI 31-MAR-06 1000 $In: 46.07-APR-06 1000 $Out: 47 % Pft: .6 DUAVG < 1130
ARD 11-APR-06 1000 $In: 36.18-APR-06 1230 $Out: 36 % Pft: -.2 DUAVG < 1130
BTUI 06-APR-06 1030 $In: 17.06-APR-06 1600 $Out: 17 % Pft: 3.4 DUAVG < 1130
BTUI 12-APR-06 1000 $In: 18.13-APR-06 1000 $Out: 20 % Pft: 10.6 DUAVG < 1130
CKCM 19-APR-06 1100 $In: 22.19-APR-06 1130 $Out: 22 % Pft: -.7 DUAVG > 1130
CTHR 10-APR-06 1030 $In: 10.10-APR-06 1130 $Out: 10 % Pft: 0 DUAVG > 1130
GROW 24-APR-06 1030 $In: 19.24-APR-06 1130 $Out: 19 % Pft: -.7 DUAVG > 1130
MEK 13-APR-06 1000 $In: 16.13-APR-06 1600 $Out: 16 % Pft: -1.6 DUAVG < 1130
NWRE 03-APR-06 1030 $In: 30.04-APR-06 1300 $Out: 29 % Pft: -4.1 DUAVG < 1130
NWRE 13-APR-06 1030 $In: 27.13-APR-06 1600 $Out: 27 % Pft: -.5 DUAVG < 1130
PWEI 17-APR-06 1100 $In: 29.17-APR-06 1600 $Out: 29 % Pft: .8 DUAVG < 1130
SIMO 20-APR-06 1030 $In: 14.20-APR-06 1130 $Out: 14 % Pft: -.9 DUAVG > 1130
TASR 05-APR-06 1030 $In: 10.05-APR-06 1130 $Out: 10 % Pft: .3 DUAVG > 1130
TIE 13-APR-06 1030 $In: 52.18-APR-06 1000 $Out: 58 % Pft: 10.4 DUAVG < 1130
TXCO 17-APR-06 1000 $In: 11.24-APR-06 1000 $Out: 12 % Pft: 5.5 DUAVG < 1130
BTUI 01-MAY-06 1000 $In: 21.01-MAY-06 1600 $Out: 20 % Pft: -2.7 DUAVG < 1130
MIND 05-MAY-06 1100 $In: 17.05-MAY-06 1130 $Out: 17 % Pft: .1 DUAVG > 1130
NTRI 10-MAY-06 1130 $In: 71.11-MAY-06 1100 $Out: 72 % Pft: 1.1 DUAVG < 1130
TSCM 26-MAY-06 1000 $In: 11.30-MAY-06 1600 $Out: 11 % Pft: 5.3 DUAVG < 1130
RES 30-MAY-06 1030 $In: 23.30-MAY-06 1130 $Out: 23 % Pft: -1.7 DUAVG > 1130
Trades were based on prior day du, du VOL BEFORE 10:30 AND DUavg vOL BEFORE 11:30 ESLE OUT. All remaining exit rules are posted in this journal. NO CHANNELS WERE USED AND NO TRADES WERE turned down based on earning anouncements or fed speak days. ALL trades were based on 30 minute bars only.
How were traders results that were based on Channels and the TA setups explained in the videos during this time frame?
Below are the trade details.
GMXR 06-FEB-06 1000 $In: 46.06-FEB-06 1130 $Out: 46 % Pft: -.3 DUAVG > 1130
GROW 06-FEB-06 1030 $In: 18.07-FEB-06 1100 $Out: 18 % Pft: 1 DUAVG < 1130
HANS 23-FEB-06 1030 $In: 95.23-FEB-06 1600 $Out: 96 % Pft: 1.2 DUAVG < 1130
IIJI 07-FEB-06 1000 $In: 11.07-FEB-06 1600 $Out: 10 % Pft: -2.8 DUAVG < 1130
LMS 06-FEB-06 1030 $In: 30.06-FEB-06 1130 $Out: 30 % Pft: .4 DUAVG > 1130
PWEI 06-FEB-06 1030 $In: 22.06-FEB-06 1600 $Out: 22 % Pft: -.2 DUAVG < 1130
VPHM 07-FEB-06 1000 $In: 22.07-FEB-06 1600 $Out: 22 % Pft: -3.5 DUAVG < 1130
VPHM 24-FEB-06 1030 $In: 21.24-FEB-06 1600 $Out: 21 % Pft: 1.5 DUAVG < 1130
ENG 21-MAR-06 1030 $In: 11.27-MAR-06 1530 $Out: 12 % Pft: 10.2 DUAVG < 1130
GROW 30-MAR-06 1000 $In: 14.30-MAR-06 1600 $Out: 15 % Pft: 3 DUAVG < 1130
HANS 02-MAR-06 1030 $In: 98 02-MAR-06 1600 $Out: 98 % Pft: 1 DUAVG < 1130
IIJI 29-MAR-06 1030 $In: 9.429-MAR-06 1600 $Out: 9. % Pft: 1.6 DUAVG < 1130
NWRE 10-MAR-06 1000 $In: 24.17-MAR-06 1000 $Out: 25 % Pft: 2.4 DUAVG < 1130
LMS 28-MAR-06 1030 $In: 24.28-MAR-06 1600 $Out: 24 % Pft: 1 DUAVG < 1130
MEK 28-MAR-06 1030 $In: 16.28-MAR-06 1600 $Out: 16 % Pft: 3.6 DUAVG < 1130
NTRI 31-MAR-06 1000 $In: 46.07-APR-06 1000 $Out: 47 % Pft: .6 DUAVG < 1130
ARD 11-APR-06 1000 $In: 36.18-APR-06 1230 $Out: 36 % Pft: -.2 DUAVG < 1130
BTUI 06-APR-06 1030 $In: 17.06-APR-06 1600 $Out: 17 % Pft: 3.4 DUAVG < 1130
BTUI 12-APR-06 1000 $In: 18.13-APR-06 1000 $Out: 20 % Pft: 10.6 DUAVG < 1130
CKCM 19-APR-06 1100 $In: 22.19-APR-06 1130 $Out: 22 % Pft: -.7 DUAVG > 1130
CTHR 10-APR-06 1030 $In: 10.10-APR-06 1130 $Out: 10 % Pft: 0 DUAVG > 1130
GROW 24-APR-06 1030 $In: 19.24-APR-06 1130 $Out: 19 % Pft: -.7 DUAVG > 1130
MEK 13-APR-06 1000 $In: 16.13-APR-06 1600 $Out: 16 % Pft: -1.6 DUAVG < 1130
NWRE 03-APR-06 1030 $In: 30.04-APR-06 1300 $Out: 29 % Pft: -4.1 DUAVG < 1130
NWRE 13-APR-06 1030 $In: 27.13-APR-06 1600 $Out: 27 % Pft: -.5 DUAVG < 1130
PWEI 17-APR-06 1100 $In: 29.17-APR-06 1600 $Out: 29 % Pft: .8 DUAVG < 1130
SIMO 20-APR-06 1030 $In: 14.20-APR-06 1130 $Out: 14 % Pft: -.9 DUAVG > 1130
TASR 05-APR-06 1030 $In: 10.05-APR-06 1130 $Out: 10 % Pft: .3 DUAVG > 1130
TIE 13-APR-06 1030 $In: 52.18-APR-06 1000 $Out: 58 % Pft: 10.4 DUAVG < 1130
TXCO 17-APR-06 1000 $In: 11.24-APR-06 1000 $Out: 12 % Pft: 5.5 DUAVG < 1130
BTUI 01-MAY-06 1000 $In: 21.01-MAY-06 1600 $Out: 20 % Pft: -2.7 DUAVG < 1130
MIND 05-MAY-06 1100 $In: 17.05-MAY-06 1130 $Out: 17 % Pft: .1 DUAVG > 1130
NTRI 10-MAY-06 1130 $In: 71.11-MAY-06 1100 $Out: 72 % Pft: 1.1 DUAVG < 1130
TSCM 26-MAY-06 1000 $In: 11.30-MAY-06 1600 $Out: 11 % Pft: 5.3 DUAVG < 1130
RES 30-MAY-06 1030 $In: 23.30-MAY-06 1130 $Out: 23 % Pft: -1.7 DUAVG > 1130
Attachments
Without going through each individual trade, I can tell you right off the bat you had a much better month of May than I did. Nicely done. May 2006 proved to be the worst month for me since December 2006.
In addition, your equity curve shows better results than the broader markets. Nice job with that as well.
After reviewing many of your trades in the above list, I notice you often exit within an hour after entry. Have I interpreted the above data correctly? If so, what rules did you use to exit within an hour of entry? It appears, once entered into a trade you required volume to also exceed average dry up by 11:30 AM or you exited. With a volume exit, most choose to use volume < FRV by EOD for an exit rather than volume < AvgDU by 11:30 AM.
You may go back and look to see how holding overnight and then selling within 15 minutes of the open would have improved the trades you exited early.
I notice you did manage to keep your losses extremely small on these trades. Well done.
- Spydertrader
Edit: I re-read your post, and now see you did use BOTH logic rules in your entry criteria (LBDU before 10:30 AM and AvgDU before 11:30 AM).
In addition, your equity curve shows better results than the broader markets. Nice job with that as well.
After reviewing many of your trades in the above list, I notice you often exit within an hour after entry. Have I interpreted the above data correctly? If so, what rules did you use to exit within an hour of entry? It appears, once entered into a trade you required volume to also exceed average dry up by 11:30 AM or you exited. With a volume exit, most choose to use volume < FRV by EOD for an exit rather than volume < AvgDU by 11:30 AM.
You may go back and look to see how holding overnight and then selling within 15 minutes of the open would have improved the trades you exited early.
I notice you did manage to keep your losses extremely small on these trades. Well done.
- Spydertrader
Edit: I re-read your post, and now see you did use BOTH logic rules in your entry criteria (LBDU before 10:30 AM and AvgDU before 11:30 AM).
Hi Spyder,
I am interested in implementing a method based along the lines of these threads. The concept of Dry-Up and volume based trading is an excellent methodology.
However it is difficult to trade the US Market in this fashion when on the other side of the World.
Given the tools used to identify dry-ups etc are specific to the US equities, is there a way to translate these such that they could be utilised in other markets, ie the ASX in Australia?
Cheers,
Cipher
I am interested in implementing a method based along the lines of these threads. The concept of Dry-Up and volume based trading is an excellent methodology.
However it is difficult to trade the US Market in this fashion when on the other side of the World.
Given the tools used to identify dry-ups etc are specific to the US equities, is there a way to translate these such that they could be utilised in other markets, ie the ASX in Australia?
Cheers,
Cipher
Hmmm,
I thought there had to be pretty particular emphasis on exceeding dry-up by 11.00am? How does one trade on this assumption?
Is the trade taken at next open after FRV is reached at EOD?
Cipher
I thought there had to be pretty particular emphasis on exceeding dry-up by 11.00am? How does one trade on this assumption?
Is the trade taken at next open after FRV is reached at EOD?
Cipher
Cipher,
I trade it from Australia (admittedly using auto-trading via Amibroker).
The problem with the ASX is that there are simply not enough stocks to meet all the criteria, i.e. ranked with strong fundamentals. If you relax the ranking criteria, e.g. instead of looking for a 20% move in 6 - 8 days, look for a 10 - 15% move, the field opens up.
The other problem with Aus is that commissions are just so damn expensive to trade.
I trade it from Australia (admittedly using auto-trading via Amibroker).
The problem with the ASX is that there are simply not enough stocks to meet all the criteria, i.e. ranked with strong fundamentals. If you relax the ranking criteria, e.g. instead of looking for a 20% move in 6 - 8 days, look for a 10 - 15% move, the field opens up.
The other problem with Aus is that commissions are just so damn expensive to trade.
Mischief,
Thanks for the info. Not sure about automatic trading! How's that working out for you?
Any issues with execution?
Thanks for the info. Not sure about automatic trading! How's that working out for you?
Any issues with execution?
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