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Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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hello
If i want to trade like in the journal 1, to buid solid fondation, do i still use the hershey equities dry up volume scan v.1.0.0 and after the new Hershey chartscript v4.1 to get the value of the DU ?
Thanks
If i want to trade like in the journal 1, to buid solid fondation, do i still use the hershey equities dry up volume scan v.1.0.0 and after the new Hershey chartscript v4.1 to get the value of the DU ?
Thanks
Quote from loupalerte:
hello
If i want to trade like in the journal 1, to buid solid fondation, do i still use the hershey equities dry up volume scan v.1.0.0 and after the new Hershey chartscript v4.1 to get the value of the DU ?
Thanks
If you want to use 3 months to calculate DU in volume scan version 1.0 you can change
AVERAGEDU:= (DU1+DU2+DU3+DU4+DU5)/DIVIDEBY;
to
AVERAGEDU:= (DU1+DU2+DU3)/3;
Quote from excav8tr:
Chap .... I noticed the QT chart and wanted to bring to your attention the offset between MACD hist and ma's... I found that the offset caused me some problems and found a work around for it ..... you need to put in separately the macd hist , and the macd no histogram, adjust the settings then select both of them right click on one and select the link feature. this will put the two into one pane and remove the offset bias....
hope you find the info helpful,
Regards,
EX
Thanks EX, I wondered about that for a second when I set that indicator up, it looks much better now. Cheers
Quote from loupalerte:
hello
If i want to trade like in the journal 1, to buid solid fondation, do i still use the hershey equities dry up volume scan v.1.0.0 and after the new Hershey chartscript v4.1 to get the value of the DU ?
Now you can use both ....
Hershey Equities Dry Up Volume Scan v. 1.0.0
Hershey Equities Dry Up Volume Scan v. 2.0.0 (Three Month)
- Spydertrader
Nice post to bearbelly, Todd.
The sweep chart is a nice version too. Thanks for the effort.
Some supportive comments follow.
The SCT is Seamless Continuous Trading.... lol...
Todd is so very correct and instructive in how to take the trip. SCT follows being great at PVT (Position Vector Trading)
This is going to be a short sucinct post.
One PVT cycle occurs 20 to 40 times a day on ES using full blown SCT.
The major mental shift is going from entry/ exit trading to hold/ reversal trading.
Start just doing portions of the day using entry/exit pieces augmented by wash peractice during midday.
Consider EVERY exit by using the data set and the analysis conclusion set elements as if they were for an EXIT and momentartily do the analysis for an ENTRY. You DO EXIT appropriately and then sweep for an entry. (See min-max camtasia if it is posted)
The above begins to ease you out of entry/exit trading actions and into taking reversal actions.
SCT is not part of the conventional orthodox foundation of the financial industry. Everyone is briming with this orthodoxy and it will always be with you. Stepping over to the paradigm of making money deals with looking at the money that is in the huge pools of capital and making the determination to EXTRACT it from the pools and into your accounts.
In a nutshell, you continually extract via price change over time, occassionally changing sides of the market. The repeated routine (monitor, analyze, decide, and take action) is the enabler.
In SCT, most often the "take action " is HOLD. The data set is from monitoring (taken just sufficiently by looking in the ever changing "right places"). This sensory process engenders the emotion of success as determined by taking the right data set and not a single data element that surprised you. Analysis is a paring of an element from the conclusion set with the data set. a finite set process. deciding is only one of five elements from a set: HOLD, Wait, REVERSE, Enter or Exit. HOLD dominates and is a consequence of continuing price movement on the right side of the market relatively speaking.
Optimizing is done occasionally at turns of the market sentiment. this tacking is a timely reversal. Less than optimum is no problem, you just are off like putting to some degree or other.
So the paradigm is pool extraction by taking out what is offered at the time. No probabilities, no pascal, no Fermat, No predictions, just a two directional flow and watching the valves that do the offering most all of the time.
Pool.
extraction.
optimizing
using a bigger and bigger account as time passes.
Read Todd's post over and over. Do drills going from one to another as you synthesize it all.
The sweep chart is a nice version too. Thanks for the effort.
Some supportive comments follow.
The SCT is Seamless Continuous Trading.... lol...
Todd is so very correct and instructive in how to take the trip. SCT follows being great at PVT (Position Vector Trading)
This is going to be a short sucinct post.
One PVT cycle occurs 20 to 40 times a day on ES using full blown SCT.
The major mental shift is going from entry/ exit trading to hold/ reversal trading.
Start just doing portions of the day using entry/exit pieces augmented by wash peractice during midday.
Consider EVERY exit by using the data set and the analysis conclusion set elements as if they were for an EXIT and momentartily do the analysis for an ENTRY. You DO EXIT appropriately and then sweep for an entry. (See min-max camtasia if it is posted)
The above begins to ease you out of entry/exit trading actions and into taking reversal actions.
SCT is not part of the conventional orthodox foundation of the financial industry. Everyone is briming with this orthodoxy and it will always be with you. Stepping over to the paradigm of making money deals with looking at the money that is in the huge pools of capital and making the determination to EXTRACT it from the pools and into your accounts.
In a nutshell, you continually extract via price change over time, occassionally changing sides of the market. The repeated routine (monitor, analyze, decide, and take action) is the enabler.
In SCT, most often the "take action " is HOLD. The data set is from monitoring (taken just sufficiently by looking in the ever changing "right places"). This sensory process engenders the emotion of success as determined by taking the right data set and not a single data element that surprised you. Analysis is a paring of an element from the conclusion set with the data set. a finite set process. deciding is only one of five elements from a set: HOLD, Wait, REVERSE, Enter or Exit. HOLD dominates and is a consequence of continuing price movement on the right side of the market relatively speaking.
Optimizing is done occasionally at turns of the market sentiment. this tacking is a timely reversal. Less than optimum is no problem, you just are off like putting to some degree or other.
So the paradigm is pool extraction by taking out what is offered at the time. No probabilities, no pascal, no Fermat, No predictions, just a two directional flow and watching the valves that do the offering most all of the time.
Pool.
extraction.
optimizing
using a bigger and bigger account as time passes.
Read Todd's post over and over. Do drills going from one to another as you synthesize it all.
Quote from Spydertrader:
Some additional 'Out of the Box' Symbols for your review ...
AEIS ANST BEBE EGLT KNOT SYKE ZUMZ
Current (Cleaned Up) Final Universe
ANEN BITS BTUI COGO CTRN DTLK DXPE EZPW FTEK GIGM GMXR GROW IAAC ININ LQDT MGPI MIKR NEU NVEC OMNI RACK SIRF SMSI TIE TWPG TXCO UCTT XING
All above Symbols currently have Rank.
- Spydertrader
Spyder,
I have WBD in my final universe. It showed up Friday and is in DU. I did not see it above. Did I get something wrong? I used the stocktables site for my scan.
Quote from rbaker:
I have WBD in my final universe. It showed up Friday and is in DU. I did not see it above. Did I get something wrong? I used the stocktables site for my scan.
Qcharts shows WBD with a sixty-five day average volume of 93,000 shares. I require a minimum of 200,000 shares as a parameter for inclusion into my Final Universe. As a result, I do not have WBD listed in my previous post.
Good Trading to you.
- Spydertrader
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