Spydertrader's Jack Hershey Equities Journal

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Quote from makosgu:

Two things to note, I see that your graph is intraday, this is where the limitations of my Excel sheet fail. I've only been refining on EOD bars and use the currently developing EOD of day bars. Basically, at any point of the day, my current bar is a single incomplete EOD bar. I assume there are some transient effects when changing to faster fractals. I have EOD temperment. Additionally, price is only 1/2 of the cruder PV relationship. I don't want to in anyway or form suggest this is a trading system, just a tool to reduce some of the anticipation subjectivity. Ideally, we would also include the second derivative (acceleration) note XO with the zero line and compound. I haven't worked that out yet but the analysis should be the same. Volume will be a whole other ORDEAL!!! Don't even know where to start with that.... A/D... yeah . YIKES!

G33M4K the Newb
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G33M4K

No, the chart and system were based on daily bars not intraday.

Take care.
 
Quote from makosgu:

One other question, is AA in our Universe (ie. does it meet our culling constraints)?
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Currently, alcoa (AA) does not rank in the top 80% to 90% of RS and EPS. In addition, alcoa does not currently have a 'rank' using the Hershey Chartscript at Wealth lab. As a result, alcoa does not currently fit into our universe.

- Spydertrader

Full Disclosure: Both I, and members of my immediate family, have owned shares in Alcoa for many years. I continue to buy a few shares each month through a "long term" investment account. Alcoa remains one of 25 companies (spread across 12 economic sectors) in which I own shares (and continue to purchase monthly) based on a long term "investment" time horizon.
 
Is this the same as the Wealth Lab Developer program you suggested I use? In other words, the code works across all platforms (web site, developer, pro)?

- Spydertrader
 
Yes, it is.

I have an account with Fidelity and I may want to pursue this version as the data is probably much cleaner than what QCharts gives me.

The problem is that Fidelity requires an incredible number of trades in order to qualify to use this version.
 
Quote from svrz:

My apologies in regards to AA. I just used the first accessible stock to test our new theory. :)
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I want to stress that there is nothing revolutionary here, just trying to focus on one of an entire field of nuggets. Context and operating points are CRITICAL and will be necessary for backtesting. Context = high quality stocks and the duration for which the equity is high quality, PERIOD! If this can be programmed, no doubt your results will be even better and furthur reduce your drawdown. Operating points need not consider bull markets nor bear markets. The day our high quality stocks take a bear plunge, the people dynamics of the market will have been altered in some severe and/or profound way.

Thus, to backtest, most if not ALL operating points must be identified, the result will otherwise be whipsaw or marginal systematic returns since the system will repeatedly misidentify the current and transitional operating point/state of the equity. The importance of the derivative is a crucial tiny step to identify the anticipatory operating points (what's next???)... I don't know how to demonstrate this more cleanly. At the very least, the lagging problem has been addressed.

I presume that for now, figuring out when to identify congestion will help. How is that determined? Volume will be key, I am sure (the other 1/2 of PV). How do I do that, hopefully it can be worked out. What seams to be better than raw Volume is Tick Volume since raw volume is extremely noisy. I am hoping that all this can lead to a cleaner and clearer score progression without any of the choppiness of raw PVA/D scoring.

Kind Regards,
G33M4K the Newb
 
Quote from Spydertrader:

BCSI ($19.90) & NAVR ($16.26)
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BCSI closed at $19.93 and did NOT make it to FRV status.

NAVR closed at $16.39 and DID make it well into FRV status, and ALMOST to peak volume levels.


- Spydertrader
 
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