Yes. Use the latest Version of each Chartscript published. The Score Scans have different 'Scores' due to improvements in the scoring algorithms discovered over time.
- Spydertrader
Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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Yes. Use the latest Version of each Chartscript published. The Score Scans have different 'Scores' due to improvements in the scoring algorithms discovered over time.
- Spydertrader
You interpretted the color change correctly.
I am Excel sheet challenged especially when it comes to graphing.
The 4 months of results are showing that the out by 1130 rule if DUAVG is not exceeded does improve the bottom line.
My next step is to examine the 3 top and bottom monthly performers and see if I can find any similar characteristics.
BTW: I am not trading this system. All of the results are theoretical based on my scripts and a database that I keep.
I am alway very skeptical and cautious about trading systems especially ones that are as well documented as this one. Even though alot of the framework is just stating the obvious steps when the charts are rising. Since this is a long only system that can last up to 8 days you definitly want to enter when the chart is moving up. The stochastics going from low thru 50 thru 80 is a result of an upward moving pricing. What I learned the most from this forum is the creative use of volume.
Trading is a zero sum game ( ignore dividends and a theoritical perpetual bull market ). SOmeones profit is someones loss.
And I really appreciate your forum. I wasted thousands of dollars on seminars only to learn BS. This forum is free, repectful, active and from what I can see profitable. (Even though I wonder how self fulfilling this system is becoming due to the small final sample size, Mr Hershey effort in Tuscon and this forum popularity.)
I am Excel sheet challenged especially when it comes to graphing.
The 4 months of results are showing that the out by 1130 rule if DUAVG is not exceeded does improve the bottom line.
My next step is to examine the 3 top and bottom monthly performers and see if I can find any similar characteristics.
BTW: I am not trading this system. All of the results are theoretical based on my scripts and a database that I keep.
I am alway very skeptical and cautious about trading systems especially ones that are as well documented as this one. Even though alot of the framework is just stating the obvious steps when the charts are rising. Since this is a long only system that can last up to 8 days you definitly want to enter when the chart is moving up. The stochastics going from low thru 50 thru 80 is a result of an upward moving pricing. What I learned the most from this forum is the creative use of volume.
Trading is a zero sum game ( ignore dividends and a theoritical perpetual bull market ). SOmeones profit is someones loss.
And I really appreciate your forum. I wasted thousands of dollars on seminars only to learn BS. This forum is free, repectful, active and from what I can see profitable. (Even though I wonder how self fulfilling this system is becoming due to the small final sample size, Mr Hershey effort in Tuscon and this forum popularity.)
Instead of giving you my answer in a straight forward and easily understood fashion, I'm going to provide you an answer in the form of a riddle .....
Just kidding. Nice flow chart you have here. My only suggestion would be to begin to look into how Jack's use of 'Unusual Volume' (or % Volume for Quotetracker users) might help with entry, hold and exit confirmation.
- Spydertrader
Regarding the MACD crossover: I noticed that it prompts a higher probability entry when it happens further from the "zero" line. The more negative the MACD value at crossover, the higher the probability of success for a long entry. And the opposite for short entries.
Secondarily, the stronger the divergence between the MACD lines, the higher the probability of a good entry too.
Secondarily, the stronger the divergence between the MACD lines, the higher the probability of a good entry too.
Quote from Spydertrader:
Instead of giving you my answer in a straight forward and easily understood fashion, I'm going to provide you an answer in the form of a riddle .....
Just kidding. Nice flow chart you have here. My only suggestion would be to begin to look into how Jack's use of 'Unusual Volume' (or % Volume for Quotetracker users) might help with entry, hold and exit confirmation.
- Spydertrader
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