You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
Spydertrader's Jack Hershey Equities Journal
- Thread starter Spydertrader
- Start date
- Status
- Not open for further replies.
SpyderTrader -
anxiously awaiting your analysis to see if we're on the same page.
#1
two days ago because you traded CKCM I placed both price & volume triggers on it. Was filled yestreday @ 18.76 & its hot again this AM. I'm expecting at least test of 50dma @ 21.70 unless market falls apart.
#2
Another of your current universe that's hot now is VPHM. It broke out to new yr hi on vol surge +142%. Filled this AM @ 18.30 & I'm placing daily s/l @ 18.35
See Ya ---> Good Trading & Good Health !! cowpok1027
anxiously awaiting your analysis to see if we're on the same page.
#1
two days ago because you traded CKCM I placed both price & volume triggers on it. Was filled yestreday @ 18.76 & its hot again this AM. I'm expecting at least test of 50dma @ 21.70 unless market falls apart.
#2
Another of your current universe that's hot now is VPHM. It broke out to new yr hi on vol surge +142%. Filled this AM @ 18.30 & I'm placing daily s/l @ 18.35
See Ya ---> Good Trading & Good Health !! cowpok1027
2005-09-15, Thursday - Update
This morning, I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
ELOS HANS IIG JMDT RADS
Our system generated one possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
HANS
Dry Up Stocks NOT Triggering Signal
ELOS IIG JMDT RADS
HANS did not show price improvement ($45.40) at time of signal generation (11:29 AM). In addition, MACD Histogram showed a negative return (-.4586). Also, The Stochastic Indicator fell below desired levels (3.66). As a result, I took no action with respect to trading HANS.
- Spydertrader
This morning, I monitored one list of stocks (5 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
ELOS HANS IIG JMDT RADS
Our system generated one possible trade signals from the list of five Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
HANS
Dry Up Stocks NOT Triggering Signal
ELOS IIG JMDT RADS
HANS did not show price improvement ($45.40) at time of signal generation (11:29 AM). In addition, MACD Histogram showed a negative return (-.4586). Also, The Stochastic Indicator fell below desired levels (3.66). As a result, I took no action with respect to trading HANS.
- Spydertrader
Spydertrader --
#1
Guess I'm going to have to really learn this Jack Hershey Method - what do you recommend to do so?
#2
Reason for above request is your VDSI trade relly confused me. In order to have a fill @ 10.26 you had to have traded VPHM within 1st 15 minutes of today's open; yet I thought you were measuring your metrics after 1 hour of trading. What am I missing?
#3
In addition to the 2 stocks in your universe I referenced earlier this AM, DPTR broke out just after 10am. It ran up to near previous high of 20 & consolidating sideways now @ 19.70 - 19.75.
Regards, cowpok1027
#1
Guess I'm going to have to really learn this Jack Hershey Method - what do you recommend to do so?
#2
Reason for above request is your VDSI trade relly confused me. In order to have a fill @ 10.26 you had to have traded VPHM within 1st 15 minutes of today's open; yet I thought you were measuring your metrics after 1 hour of trading. What am I missing?
#3
In addition to the 2 stocks in your universe I referenced earlier this AM, DPTR broke out just after 10am. It ran up to near previous high of 20 & consolidating sideways now @ 19.70 - 19.75.
Regards, cowpok1027
Sorry guy I scrolled back vs fwd & picked up your last (old) VPHM trade. cowpok1027
Quote from cowpok1027:
Guess I'm going to have to really learn this Jack Hershey Method - what do you recommend to do so?
As with all things, I find it best to start at The Beginning. Skipping over the daily lists should speed up the process for you quite a bit.
Quote from cowpok1027:
Reason for above request is your VDSI trade relly confused me. In order to have a fill @ 10.26 you had to have traded VPHM within 1st 15 minutes of today's open; yet I thought you were measuring your metrics after 1 hour of trading. What am I missing?
Yesterday's VDSI trade met or exceeded all criteria required for entry into a long position. Unfortunately, volume evaporated almost immediately after my purchase. We call such circumstances Failed (or False) Breakout (FBO). Using Low Band Dry Up Volume (instead of Average Dry Up Volume) as a volume threshold allows for an earlier entry into a stock. However, doing so also slightly increases the opportunity for an FBO. We experienced two FBO's this week.
I did not trade VPHM. Even if VPHM had met the criteria for entry, the 10% gap up in price would have kept me out of the trade.
Quote from cowpok1027:
In addition to the 2 stocks in your universe I referenced earlier this AM, DPTR broke out just after 10am. It ran up to near previous high of 20 & consolidating sideways now @ 19.70 - 19.75.
While DPTR experienced a nice run up in price this morning, it now shows a slow degradation in price over the last few hours. Jack refers to this pattern as "4 o'clock drift" resulting from volume remaining relatively constant over time. It is the third corollary to Jack's PV Relationship. Observing a 30 minute chart for DPTR shows some support at the 19.65 price point. However, should price close below this support area, one should anticipate additional price degradation.
- Spydertrader
2005-09-15, Thursday - Update
None of our list of Dry Up Stocks reached FRV levels by EOD.
- Spydertrader
None of our list of Dry Up Stocks reached FRV levels by EOD.
- Spydertrader
To create the following lists of stocks, I used 90 RS and 80 EPS. Using 90 RS and 90 EPS resulted in an initial stocktables.com sort of too few equities.
2005-09-16, Friday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort
Hot List
DPTR FORD HANS IRIS LUFK VIVO VPHM
Dry Up Stocks
CMT ELOS IRIS JMDT NGPS RADS SNHY VDSI
Hot List Stocks Scores
DPTR - 5
FORD - 0
HANS - 2
IRIS - 0
LUFK - 0
VIVO - 2
VPHM - 6
Dry Up Stocks Scores
CMT - 5
ELOS - 0
IRIS - 0
JMDT - 0
NGPS - 0
RADS - 5
SNHY - 0
VDSI - 0
Keep an Eye on These Stocks
NGPS (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=843184>
2005-09-16, Friday - Lists
Hershey Wealth-Lab Chartscript Culling Methodology
Hershey Equities Rank V 3.0.0 / Qcharts Culling / Stocktables.com Sort
Hot List
DPTR FORD HANS IRIS LUFK VIVO VPHM
Dry Up Stocks
CMT ELOS IRIS JMDT NGPS RADS SNHY VDSI
Hot List Stocks Scores
DPTR - 5
FORD - 0
HANS - 2
IRIS - 0
LUFK - 0
VIVO - 2
VPHM - 6
Dry Up Stocks Scores
CMT - 5
ELOS - 0
IRIS - 0
JMDT - 0
NGPS - 0
RADS - 5
SNHY - 0
VDSI - 0
Keep an Eye on These Stocks
NGPS (Attached)
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=843184>
Attachments
2005-09-16, Friday - Update
This morning, I monitored one list of stocks (8 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
CMT ELOS IRIS JMDT NGPS RADS SNHY VDSI
Our system generated seven possible trade signals from the list of eight Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
ELOS RADS IRIS VDSI CMT SNHY JMDT
Dry Up Stocks NOT Triggering Signal
NGPS
ELOS did show price improvement ($38.17) at time of signal generation (9:33 AM). In addition, MACD Histogram showed a positive return (+.1482). Also, The Stochastic Indicator fell above desired levels (85.17). As a result, I entered into along position with ELOS receiving a fill price of $38.20 USD on 1000 shares.
RADS did show price improvement ($11.17) at time of signal generation (9:38 AM). In addition, MACD Histogram showed a positive return (+.0030). However, The Stochastic Indicator fell below desired levels (75.41). As a result, I took no action with respect to trading RADS.
IRIS did show price improvement ($18.16) at time of signal generation (9:52 AM). In addition, MACD Histogram showed a positive return (+.0952). Also, The Stochastic Indicator fell above desired levels (92.67). As a result, I entered into along position with IRIS receiving a fill price of $18.17 USD on 1000 shares.
VDSI did show price improvement ($9.80) at time of signal generation (10:11 AM). In addition, MACD Histogram showed a positive return (+.0116). However, The Stochastic Indicator fell below desired levels (50.70). As a result, I took no action with respect to trading VDSI.
CMT did not show price improvement ($6.77) at time of signal generation (10:30 AM). In addition, MACD Histogram showed a negative return (-.0245). Also, The Stochastic Indicator fell below desired levels (36.36). As a result, I took no action with respect to trading CMT.
SNHY did show price improvement ($21.85) at time of signal generation (10:31 AM). In addition, MACD Histogram showed a positive return (+.1869). Also, The Stochastic Indicator fell above desired levels (95.49). As a result, I entered into along position with SNHY receiving a fill price of $21.98 USD on 1000 shares.
JMDT did show price improvement ($24.22) at time of signal generation (11:10 AM). In addition, MACD Histogram showed a positive return (+.0257). However, The Stochastic Indicator fell below desired levels (26.79). As a result, I took no action with respect to trading JMDT.
- Spydertrader
This morning, I monitored one list of stocks (8 total equities): Those equities from our daily Hot List and from our Final Universe List finding themselves "In Dry Up."
Dry Up Stocks
CMT ELOS IRIS JMDT NGPS RADS SNHY VDSI
Our system generated seven possible trade signals from the list of eight Dry Up Stocks when actual volume exceeded calculated "Low Band" Dry Up Volume prior to 11:30 AM.
Dry Up Stocks Triggering Signal
ELOS RADS IRIS VDSI CMT SNHY JMDT
Dry Up Stocks NOT Triggering Signal
NGPS
ELOS did show price improvement ($38.17) at time of signal generation (9:33 AM). In addition, MACD Histogram showed a positive return (+.1482). Also, The Stochastic Indicator fell above desired levels (85.17). As a result, I entered into along position with ELOS receiving a fill price of $38.20 USD on 1000 shares.
RADS did show price improvement ($11.17) at time of signal generation (9:38 AM). In addition, MACD Histogram showed a positive return (+.0030). However, The Stochastic Indicator fell below desired levels (75.41). As a result, I took no action with respect to trading RADS.
IRIS did show price improvement ($18.16) at time of signal generation (9:52 AM). In addition, MACD Histogram showed a positive return (+.0952). Also, The Stochastic Indicator fell above desired levels (92.67). As a result, I entered into along position with IRIS receiving a fill price of $18.17 USD on 1000 shares.
VDSI did show price improvement ($9.80) at time of signal generation (10:11 AM). In addition, MACD Histogram showed a positive return (+.0116). However, The Stochastic Indicator fell below desired levels (50.70). As a result, I took no action with respect to trading VDSI.
CMT did not show price improvement ($6.77) at time of signal generation (10:30 AM). In addition, MACD Histogram showed a negative return (-.0245). Also, The Stochastic Indicator fell below desired levels (36.36). As a result, I took no action with respect to trading CMT.
SNHY did show price improvement ($21.85) at time of signal generation (10:31 AM). In addition, MACD Histogram showed a positive return (+.1869). Also, The Stochastic Indicator fell above desired levels (95.49). As a result, I entered into along position with SNHY receiving a fill price of $21.98 USD on 1000 shares.
JMDT did show price improvement ($24.22) at time of signal generation (11:10 AM). In addition, MACD Histogram showed a positive return (+.0257). However, The Stochastic Indicator fell below desired levels (26.79). As a result, I took no action with respect to trading JMDT.
- Spydertrader
2005-09-16, Friday - Update
Both ELOS & IRIS out of our List of Dry Up Stocks reached FRV levels by EOD.
I sold all shares of SNHY at the $22.24 price point. This intraday trade yielded a single day gross profit of $260 USD or a 1.2% gain on 1000 shares.
I continue to hold all (1000) shares of ELOS from the $38.20 USD price point, as well as, all (1000) shares of IRIS from the $18.17 USD price point.
- Spydertrader
Both ELOS & IRIS out of our List of Dry Up Stocks reached FRV levels by EOD.
I sold all shares of SNHY at the $22.24 price point. This intraday trade yielded a single day gross profit of $260 USD or a 1.2% gain on 1000 shares.
I continue to hold all (1000) shares of ELOS from the $38.20 USD price point, as well as, all (1000) shares of IRIS from the $18.17 USD price point.
- Spydertrader
- Status
- Not open for further replies.