Spydertrader's Jack Hershey Equities Journal II

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Quote from gooch87:

Here are my results for this morning.
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Thanks for posting your evaluations for this morning's signals gooch87. Anyone with the desire to do so, should feel welcome to post their thoughts as well. FORD also looked quite promising early this morning, but reversed course and headed south in a hurry.

Quote from martys:

But it is good to know this stuff is working without me.
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Many of us have made similar mistakes. About a month ago, I forgot to set my trailing stop before leaving the computer for a while. I returned to find my unrealized profits had evaporated after price had reversed while I was away. Nothing like allowing a nice winning trade to turn into a break even trade. Bummer.

- Spydertrader
 
Quote from martys:

Actually how good is this 2% stop Ross rule? I thought it's a bit tight. I end up give it a bit more room for practical purpose. :confused:
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You should use whichever method best suits your trading style, personality and equity curve.

- Spydertrader
 
Quote from Spydertrader:

You should use whichever method best suits your trading style, personality and equity curve.

- Spydertrader
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Thanks! Spydertrader.

P.S. GMXR were actually stopped out this morning. I think I did not to hit the confirm button (half-hidden... need to scroll the window) when changing the stop... haven't traded stocks for some time.
 
Quote from gooch87:

Here are my results for this morning.

Wednesday, November 16, 2005

At 9:39 NTRI triggered a signal by achieving the low band DU of 121057
Price was 35.27 up
MACD @ .1546
STOCH@ 68.84
Did not meet the criteria and was eliminated from further consideration.

At 11:18 LIFC triggered a signal by achieving the low band DU of 107051
Price was 18.67 Down
MACD -.141
STOCH@ 54.45
Did not meet the criteria and was eliminated from further consideration.

I did no trading this morning.

G87
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G87,

I was tracking them also and did not get an entry signal either as they did not meet the conditions you mentioned, and LIFC did not show price improvement from yesterday.

I did not get any sigs today. I was tracking:
FORD
KNDL
LIFC
NGPS
NTRI
NURO

I was long PTC from yesterday and the trade is still showing a gain.

DS
 
I long NTRI because I try to get ahead of you guys... now I am stuck with it :(
It turns out the stochastic backed off when lower band met.

I think NTRI (Nutri System?) is gonna make my wallet thinner. :D
 
I also went long NTRI. MY stoch was above 80 (at the time of entry), and MACD was + on the 30min chart. Volume was big off the open, and the gap up was less than 5%.

Why wouldn't this be a valid entry?

I know that by the close of the bar, Stochs were no longer near 80 or above, but I thought we were only concerned about the entry. If it is at 80 or above at time of entry, then it is a go (along with +price and +MACD).


In any event, this one looks like it may cross FRV by EOD, and since it never hit my 2% stop (yet), it looks like it's going to be a hold....

If NTRI is technically not a valid signal, I'd appreciate knowing why....lol
 
That's from reading gooch87 post. I did not really look where stochastic was when the lower band volume met. Maybe I am OK then! Thanks.

Actually I have a question about the order of events, if lower band volume met first and then the stochastic follows, I would think that is a valid signal but not the other way around????
 
Quote from mrpace:

I also went long NTRI. MY stoch was above 80 (at the time of entry), and MACD was + on the 30min chart. Volume was big off the open, and the gap up was less than 5%.

Why wouldn't this be a valid entry?

I know that by the close of the bar, Stochs were no longer near 80 or above, but I thought we were only concerned about the entry. If it is at 80 or above at time of entry, then it is a go (along with +price and +MACD).


In any event, this one looks like it may cross FRV by EOD, and since it never hit my 2% stop (yet), it looks like it's going to be a hold....

If NTRI is technically not a valid signal, I'd appreciate knowing why....lol
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mrpace-
I was watching NTRI also, but did not get an entry as the MACD was never positive on my chart. DUV was exceeded on the first bar.

DS
 
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