Spydertrader's Jack Hershey Equities Trading Journal III

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A Break Out occurs after an FTT. A BO can also occur after Price leaves the Left Trend Line and traverses the Channel back to the Right Trend Line.

- Spydertrader
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Does that go for FBO too? I got stopped out on my 2% stop in GIGM. Was in from 19.21. Been my third trade in a row to get stopped out on(2%). How's my chart?? Anything I'm doing wrong here??
 
Quote from LittleMac:

Does that go for FBO too? I got stopped out on my 2% stop in GIGM. Was in from 19.21. Been my third trade in a row to get stopped out on(2%). How's my chart?? Anything I'm doing wrong here??
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You really need to start asking these questions of yourself. After all, what is an FBO? A failure to BO, right? if a BO occurs as I described, would not an FBO materialize in the same fashion? With respect to "being stopped out" three times in a row, review my posts on the use of stops. I have covered these things many times in the past.

- Spydertrader
 
JRJC was a buy this morning based on the beginner method and LBDU. I got in but I'm cautious again because of the price run up before the signal. Can anyone show me a good way to get in based on the 30 min chart that will allow me to catch a good portion of the run up prior to 10am. I feel like its a good Bruno R setup on the daily chart but when I move to a lower fractal, the 30 min does not setup well in terms of MACD and Stochastic (Bruno R). The volume is obviously there and the price increase is there and the signal is there(daily) but the 30 min fractal does not setup the way Im accustomed to seeing in previous journals and examples. I have pages of cut and pasted notes on Bruno R from throughout the journals and I have searched through many setups(historically) but the entry point in terms of the 30 minute chart has not become clear to me at all. I have attached my daily.
 
GIGM is looking better today LM, but still could use some volume. I'm in yesterday at 19.16. Waiting for volume, will sell later if it doesn't come in for a small gain.

Also bought SOLF this am just as it BO'd - 26.04.
 

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Quote from LittleMac:

Can anyone show me a good way to get in based on the 30 min chart that will allow me to catch a good portion of the run up prior to 10am. I feel like its a good Bruno R setup on the daily chart but when I move to a lower fractal, the 30 min does not setup well in terms of MACD and Stochastic (Bruno R). The volume is obviously there and the price increase is there and the signal is there(daily) but the 30 min fractal does not setup the way Im accustomed to seeing in previous journals and examples. I have pages of cut and pasted notes on Bruno R from throughout the journals and I have searched through many setups(historically) but the entry point in terms of the 30 minute chart has not become clear to me at all. I have attached my daily.
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Hey Mac,

The only way to get in quicker is to take on the additional risk/occurrences of failed volume and price follow through. Since volume is our confirming entry signal (once your other criteria has been met according to the chart) there are two ways to catch a potential trade earlier:

1. If you have Qcharts monitor your potential trades for the day (and final universe list) by sorting your quote sheet for unusual volume. Enter whenever you feel comfortable you have the necessary volume (and price is moving in your anticipated direction) according the First Rising Volume (FRV) levels on Jack's unusual volume table.

2. You can always set a volume alert based on DU pro rata volume levels. For example, take 25% of the listed average DU value for the stock and set an alert. If the alert triggers before 10 AM, you have potential FRV volume levels for the day.

As far as Bruno R and rocket setups, I believe (someone please correct me, if I'm wrong) those trades are strictly based on the daily chart. There was never specified confirmation entry signals based on the 30 minute fractal. If you have the necessary indicator sequences, I would just make sure you have good PRV on the day and enter. In the end, all these are there just to get your eyes on the chart to recognize the PV relationship.

Hope that helps,

-A
 
Quote from Haroki:

GIGM is looking better today LM, but still could use some volume. I'm in yesterday at 19.16. Waiting for volume, will sell later if it doesn't come in for a small gain.
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I was in and out and back in GIGM yesterday. I picked up most of the shares I held around 18.70. Since PRV volume was down and very unlikely to exceed yesterday's volume (much less FRV), I decided to look to exit before lunch (unless something changed). I exited once price broke down from a symmetrical pennant I had drawn on the 5 min. chart (see attached).

-A
 

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