Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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LQDT remains a little light on average volume for my taste. However, your mileage may vary.
- Spydertrader
I chose to ignore FTEK as it had both lost rank and it was very close to the top of the IT channel. For me, it was a short or nothing. Well done on your correct perception of FTEK.Quote from rickylc:
way late to the game again today (1:00 pm EST)
but still managed to pull 2.4% from FTEK today, anybody able to cash in on the whole enchillada?
entry 17.99
exit 18.44
Hey guys, it has been a while since I posted, trying to get back in the saddle...
In a general engineering sense the first derivative of a moving object represents velocity and the second derivative is the acceleration of the object. Acceleration would be the rate of change of velocity... therefore an object moving at a constant velocity has a zero acceleration. An object increasing velocity over time has positive accel, and a object slowing down over time has negative accel. The parallel to trading is interesting... I guess we are calling volume an acceleration component while the movement of price is the velocity. Price going up on over time with with increasing volume is showing positive acceleration.... Price going up with decreasing volume would show decreasing acceleraton, signaling that price could eventaully level off... heck, if volume goes to zero, price has to remain the same. The same goes for Price going down... heavy volume, strong negative accelration... light volume weak negative acceleration. Would you guys say this is a good understanding, or am I on drugs?
Quote from rickylc:
way late to the game again today (1:00 pm EST)
but still managed to pull 2.4% from FTEK today, anybody able to cash in on the whole enchillada?
entry 17.99
exit 18.44
Hi, rickylc.
Can you explain when did u enter and exit the trade? What criteria u were using when executing the decisions? When I looked back to the chart of FTEK, it's quite volatile today.
No trade on GIGM today but perhaps tomorrow.
Took a trade on XING when I thought I detected a change coming to the upside, but I sold too soon when there was no price improvement. Got back in only to hit near the top. Probably should have waited, or put in a limit order at the pivot point, but I liked the volume and price improvement plus the pennants at the time. edit: pennants on the 5 min fractal
Holding 100 overnight.
gooch87
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1238278"></img>
Took a trade on XING when I thought I detected a change coming to the upside, but I sold too soon when there was no price improvement. Got back in only to hit near the top. Probably should have waited, or put in a limit order at the pivot point, but I liked the volume and price improvement plus the pennants at the time. edit: pennants on the 5 min fractal
Holding 100 overnight.
gooch87
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1238278"></img>
Hello,
I'd like to ask a question about the unusual volume correlation table.
The table suggests buying above certain unusual volume levels listed under the FRV column.
I believe its implying that FRV is 60% of 65 day average volume. This is quite different than the wealth-lab scripts which, in my limited experience, seem to usually calculate FRV as somewhere from just over 65 day volume to about 200% of 65 day volume based on some calculations of historical volume on prior breakouts.
The difference in numbers is also true for Peak Volume which seems to be about 200% of FRV in the chartscript numbers, but 300% of much lower FRV numbers on the UVCT.
I know that the chartscript is for beginners, and the UVCT for more advanced traders, but the differences seem striking. I'm wondering if one or the other should be adjusted somewhat based on more current thinking. Or am I missing something? Any thoughts? Thanks!
I'd like to ask a question about the unusual volume correlation table.
The table suggests buying above certain unusual volume levels listed under the FRV column.
I believe its implying that FRV is 60% of 65 day average volume. This is quite different than the wealth-lab scripts which, in my limited experience, seem to usually calculate FRV as somewhere from just over 65 day volume to about 200% of 65 day volume based on some calculations of historical volume on prior breakouts.
The difference in numbers is also true for Peak Volume which seems to be about 200% of FRV in the chartscript numbers, but 300% of much lower FRV numbers on the UVCT.
I know that the chartscript is for beginners, and the UVCT for more advanced traders, but the differences seem striking. I'm wondering if one or the other should be adjusted somewhat based on more current thinking. Or am I missing something? Any thoughts? Thanks!
Hi gooch87,
I too is looking at GIGM because of its drying up, its MACD is about to cross over to +ve. Stoch(14,1,3) is moving up and hopfully it will cross the 80 line with volume picking up tomorrow.
However, I don't understand Xing. The only thing I see is that it is touching the low boundary of the channel. Can you please explain?
I'm still learning and would really appreciate your input. Thank you.
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