Spydertrader's Jack Hershey Equities Journal II

Status
Not open for further replies.
Quote from candletrader:

I been looking at your journal now and again... I don't know about the Dry Up volume and Fundamental filters, but the Hershey method seems solid enough in the area of picking up pullbacks... as they say, if it works for you, don't fix it!!
More...

I recall when you posted Candletrader's Secret Rules to Becoming a Gazillionaire Trader (in .gif format). :D Fundamentally, the Hershey rule set works in a very similar fashion.

Good Trading to you.

- Spydertrader
 
Oh yeah :)

But people just don't get it...

The secrets to successful trading are in this link:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1037238#post1037238

Good trading to you too!

COMPLETESYSTEM.gif
 
Entered COGO @ 15.50 Rule Breaker on this trade, as it did not fit into all of my cirteria.

Foolishly broke my pre-market rule when I exited IIIN. Now I am paying the price.
 
CLMS and CN don't cycle five times in six months for 20% gains over 6 to 8 days. The chartscripts do not calculate Dry Up Values for stocks unless they meet the 'cycling' parameters.

- Spydertrader

I'm looking at the chart of ENER which has only cycled three times from what I see on the wealth-lab chart. Yet dry-up is still calculated. For VLO there are no dry up values. Why are DU values calculated for ENER? I have found this concept of dry up very useful for entering many stocks that I have an interest in, even large caps. Any possibility that you could supply it for all charts?
 
Quote from qed:

I'm looking at the chart of ENER which has only cycled three times from what I see on the wealth-lab chart. Yet dry-up is still calculated. For VLO there are no dry up values. Why are DU values calculated for ENER? I have found this concept of dry up very useful for entering many stocks that I have an interest in, even large caps. Any possibility that you could supply it for all charts?
More...

I must have altered part of the code in the last update (or earlier) which allows for DU value calculations even when 5 cycles doesn't exist. Earlier versions of the chartscripts did not have this function. I may have changed the code (in response to a request) and simply, forgot that I did so. I apologize for the confusion. However, I do not know why ENER calculates, but VLO does not. My guess would be ENER does have a few runs of 20% or more in the last six months, but VLO does not (over 6 to 8 days). I'll look into it further when I have the time.

Thanks for pointing it out.

- Spydertrader
 
Quote from Spydertrader:

I recall when you posted Candletrader's Secret Rules to Becoming a Gazillionaire Trader (in .gif format). :D Fundamentally, the Hershey rule set works in a very similar fashion.

Good Trading to you.

- Spydertrader
More...

Yes, I agree my Brother... there are many ways to skin a cat... your way works fine, even though I never really understood Hershey... your interpretation of Hershey is pretty clear though...
 
Unusual volume for TIE as of this posting is 0.51 Net change +$1.14 for today

So I sold TIE in Profit.

I was patient .. sold it very close to the high ..

Indicators still look strong. It has been doing nicely overall ..so this means ..how much longer can the party last.. time for a divorce..

Now ready to watch for the next train that will sooner or later be coming into the station.

Regards to all..

Ron
 
Status
Not open for further replies.
Back
Top