Spydertrader's Jack Hershey Equities Journal II

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Quote from piezoe:

Can you steer me to a post where specifics of scoring in Hershey's original 0-7 scale are posted?
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Journal One contains numerous examples of Jack's discussions with respect to scoring. Specifically, I recommend The big post I - X and Tomorrow's Newspaper, Today as excellent resources for review. You might find a review of Journal One helpful to your understanding as well. A/D indicates Accumulation / Distribution and not advance / decline. As I discussed earlier in Journal Two, Scoring is the last item I look to when determining price direction. Often, we see price breakout on news when a stock's score falls in an area where we would anticipate price degradation. As a result, I don't worry to much about score. Rather, I use it as a confidence builder for adding on position size once the trade moves in my desired direction. By example, the biggest gainer today title (within my Final Universe) fell to CMED (+1.15). Last Night, CMED had a score of 5 - indicating a sell or likely price degradation. With respect to shorts, Journal One also contains a post by Moz where Jack discusses, in an attached document, the concept - briefly.

Good Trading to you.

- Spydertrader
 
I am in the process of getting used to quotetracker and setting everything up and was hoping I could ask someone here a few questions.....anyone using quotetracker for JH Equities please let me know, thanks
 
I use QT for this methodology, obviously it doesn't do the screening / culling but it is pretty good for the charts. My default chart settings are Price,Volume,MACD (5,13,6), Stoch(14,1,3) Stoch(5,2,3). This allows me to view Dry Up trades and Brunos too, without changing chart settings.

For the DU and Bruno's, (screened nicely from Spyders Bruno script, Thanks!!!! :) ) I setup 'Column' Alerts for LUBU Volume. Once the alert goes off, I check the time at which it signaled and make a decision for entry.

So, for any given day, I monitor the entire FU, sorted by % Vol... my alerts help keep up with the DU's and Brunos, and the % Vol will show anything else that may be starting to run on volume.

Overall, it is a great tool for the price... once I get better at the trading part, I may upgrade, but I am still digging out of a hole I put myself in back in May. (Completely due to my lack of discipline I might add, the strategy works fine :) )
 
Ditto chapper's comments, the only thing I will add is that I link the charts so that any symbol I click on in my FU portfolio or DU watchlist, will automatically show up in my two charts, a Daily and a 30 minute for rapid evaluation of each symbol.

Great tool, highly recommended...
 
Hi Timdog,

I also do what Chapper does. Make sure you backfill first thing in the morning before trading. This will insure your indicators are tracking correctly.

good trading to you,

Gooch87
 
gpzany were you able to link those charts in Quotetracker, so a single double click will open 2 intraday charts? If you were able to do it on that platform, would you be willing to share the procedure?

Thanks! ... from a new guy trying to learn the ropes.
 
Quote from bigmoose:

gpzany were you able to link those charts in Quotetracker, so a single double click will open 2 intraday charts? If you were able to do it on that platform, would you be willing to share the procedure?

Thanks! ... from a new guy trying to learn the ropes.
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hey bigmoose,

I have the two charts already open and saved as part of my layout. In the top right corner of each chart window, you will see a sticky pin symbol - by selecting it, it synchronizes the chart to any symbol you single click on, without having to constantly open new windows. Save your charts with all the indicators you require, in the colour layout you like, and that's it.

cheers.
 
Thanks gpzany!!! Whooppee! I've been trying to figure out what Quotetracker's pushpins did. That is really slick! Jerry has put so much functionality into that software, that sometimes you just need a little hint from someone who has been down the road before. Thanks again!
 
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