Spydertrader's Jack Hershey Equities Journal II

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Thanks for the response, I found the AFL code you posted.
People like you and Spydertrader, and the rest on this board
Are brilliant people in my eyes.
I really enjoy reading all the post that is provided here, learning at lot about trading with indicators.
 
Goldwing,

Not sure if I had posted these before, but these should be fairly 'clean' versions of the EOD Scans. They are NOT applicable to intraday trading
 

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Quote from goldwing01:

I really enjoy reading all the post that is provided here, learning at lot about trading with indicators.
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Thank you for the kind words. I hope you continue to find the information contained within the many pages of both Journals helpful to your trading.

Not to split hairs, but I felt it important to point out a distinction here which may alter your perception: We trade off Price and Volume and use the indicator sets to 'weed out' many of the bad inputs from the better inputs. In other words, the PV relationship used against a Universe of 'high quality equities' provides us the profits. The indicators provide us the confirmation for a valid signal. Understand this subtle distinction, and after enough screen time, you'll simply start to 'see' things differently.

Good Journey to you.

- Spydertrader
 
spydertrader,


Can you help on the below question? Thanks. (I know that this question is not on equities but did not know where else to post it.)

When scalping futures, there are 3 volume levels that you looked at. Can you explain what the 3 volume levels are (DU, FRV, Peak???), how they are calculated (eg: is it based on the 1st 5 minute chart or what??) and at which volume level you enter.

TIA
 
Billp,

The volume definitions are based on the principle that volume will drive price.

Dry Up is a lower than average volume that tells us that a future large shift in volume will drive price. We look for dry up as they for a solid 'base' for future price change.

FRV (First Rising Volume) is an 'unusual' increase in volume, particularly when the previous day was in 'dry up'. The standard approach tells us that you buy on FRV as a price move will follow.

'Peak' volume is a substantially larger than average volume and tells us to get out, since the price may well decline after these high volume levels.

The actual calculations and more precise definitions are in journals I and II. Within these journals are also links to an MSN group that has detailed documents on trading futures.
 
My final universe (updated today)

ANDE,ASPV,BBC,BTUI,CBEY,COGO,CTHR,CTRN,DXPE,ENG,FTEK,GIGM,GMXR,GROW,IIG,IVAC,JOBS,LMIA,LMS,MED,MEK,MGPI,MIND,NEU,NWRE,RACK,REDF,SFCC,SMDI,TASR,TIE,TSCM

Dry Up for today

BTUI,CTHR,ENG,IIG,IVAC,JOBS,LMS,MGPI,REDF,SFCC,TASR,TIE,TSCM,
 
Quote from mischief:

Dry Up for today

BTUI,CTHR,ENG,IIG,IVAC,JOBS,LMS,MGPI,REDF,SFCC,TASR,TIE,TSCM,
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CTHR has no Rank any more.
MGPI has a Rank in AB but not in WLD.
 
CTHR lost its rank on 14/6. I usually give stocks a couple of weeks slack to shape up or ship out.

Good tip on the AB/W-L difference. I might have a look into why there's a difference. It happens occasionally
 
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