Spydertrader's Jack Hershey Equities Journal II

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Attached, please find today's ES chart. I do not have a fully annotated copy of the YM today as I had to leave the computer to run some errands during the afternoon.

Over the weekend, I'll make some time to answer any of the lingering questions posted during my absence.

I've said it before, but after reviewing some of the above questions, I'll say it again. The FTT is a fundamental process by which all markets work. Learn it.

Read that again.

Also, scroll back through this Journal (about 20 pages or so) to the point where we introduced the FTT. Re-read the journal from there. read it a few times if you have to.

Enjoy the weekend all.

- Spydertrader
 
Quote from Spydertrader:

Much Nicer trends today. Note: If all one ever did was trade the FTT's on equities and futures, you'd make a very nice living.

- Spydertrader
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Spyder

would you please tell what "FTT" is?
Must have missed your earlier hint.

Thank you.
Charly
 
Quote from Monkman:

Did anyone get into NVEC today? Its MACD went positive today at 10:30 est with a cross over and divergence. Then at 2:30 est there was convergence where the red line went over the blue line, and the histogram went negative. At that point the stock price began to fall shortly, but then begining at around 3:00 est the price started to rise again with a negative reading on the MACD. All these figures were from a 30min time frame.

At 2:30 wouldn't that suggest a sell signal, but then it kept rising? Whats the deal with that? Am I missing something?

- Monk
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I see the NVEC buy you mention today as well as the one mentioned for yesterday.

If I had gone long yesterday, the only thing that would have concerned me is the significant sell volume on the 0900 bar for 07 Dec 2006. If you look at the NVEC chart this sell volume is only greater on 04 Dec 2006 and on that bar (0900) prices went down.

The long signal today (08 Dec 2006) was more straightforward.

Once again, this is just an observation and I believe this observation falls outside of the posted rules for this method. I post merely to elicit discussion.
 
I picked up NVEC and SIRF on the 3rd 30-minute bar of the day this morning.

I had both in Dry Up and on my Watch List from last night.

At the 3rd 30-minute bar, the Fast Stochastic was breaking 50, the Slow Stochastic was approaching 80, MACD had just turned positive and using Jack's pro-rata unusual volume catenary table, I could see they were both moving from Dry Up Volume levels into First Rising Volume territory.

I almost added money threads 3 and 4 on XING and SMSI at the 4th 30-minute bar of the day, but their Unusual Volume numbers were well below FRV levels when the Fast Stochastic breached 50 and the Slow Stochastic briefly approached 80. Reviewing End Of Day results, I am happy I passed on these two trades.

NVEC finished up the day as the biggest % gainer in my Final Universe and SIRF finished the day in 8th place on % gain.

I am holding both positions.

Thank you Jack and Spyder for all your work and your generous spirit in sharing your knowledge with others
 
Quote from TCRhodes:

I picked up NVEC and SIRF on the 3rd 30-minute bar of the day this morning.

I had both in Dry Up and on my Watch List from last night.

At the 3rd 30-minute bar, the Fast Stochastic was breaking 50, the Slow Stochastic was approaching 80, MACD had just turned positive and using Jack's pro-rata unusual volume catenary table, I could see they were both moving from Dry Up Volume levels into First Rising Volume territory.

I almost added money threads 3 and 4 on XING and SMSI at the 4th 30-minute bar of the day, but their Unusual Volume numbers were well below FRV levels when the Fast Stochastic breached 50 and the Slow Stochastic briefly approached 80. Reviewing End Of Day results, I am happy I passed on these two trades.

NVEC finished up the day as the biggest % gainer in my Final Universe and SIRF finished the day in 8th place on % gain.

I am holding both positions.

Thank you Jack and Spyder for all your work and your generous spirit in sharing your knowledge with others
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On a 30min
Why didn't you sell at the 4:30 point where the red crossed over the Blue on the MACD and where the slow stochastic went below 80?
 
Quote from Monkman:

On a 30min
Why didn't you sell at the 4:30 point where the red crossed over the Blue on the MACD and where the slow stochastic went below 80?
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What timeframe does this system trade on?
 
I went to work after taking those 2 positions this morning and didn't see the day's results until I got home.

That 4th consecutive 30 min down bar at 2:00 EST on SIRF with the resulting indicators might have sent me out had I been watching.
 
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