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Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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Quote from Spydertrader:
Review your chart within the context of Gaussian Volume Formations, and see if things don't become somewhat clearer for you.
- Spydertrader
Sensei..pardon your blind padwan!
For this short to materialize; one would hope for volume to pick up and price to erode. If it bounces off $26.55 and go back up; then the time ain't right yet....
Guess I'll have to watch it unfold tomorrow.
As always thank you.
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Quote from Spydertrader:
Perhaps, you could elaborate further as to how you view volume in the context of bid / ask.
Tenga un buen fin de semana.
- Spydertrader
Firstly, let us back up a bit because ask/bid can be dangerous unless it is placed into the greater context.
Price moves diagonally across the screen as volume impacts against time.
This is true even for vol charts since we do not live in a time vacuum and all events therefore have a time sequence.
The pressure of volume at the bid/ask gives price it`s verticality (+ve o or -ve)
as time unfolds.
This crabbing motion can be translated into straight channels and trendlines as you promote and the belief is that there is a memory implanted into the channel if drawn correctly and many people subscribe to this.
Hence your FTT and BO etc.
Now along comes horizontal zones (lines) and these are much more powerful simply because of the greater volume thrown at these zones and we all can see this on a filtered T & S.
This is my wateringhole where I lie in wait.
When channels and zones impact I watch the accumulated ask/bid very carefully.
Who is building the stronger position and how long can I watch before I am no longer a "front runner"
I could mumble on for hours Spyder, but I imagine this gives you the overall view of my trading style.
I did have a great weekend, thank you.
Quote from chiefraven:
Can someone please post some examples of some of these bruno, rocket candidates from their final universe that they are considering so i can get a good idea of what to look for, 'cuz i think eventhough i get the concept, there's still the little things that i'm missing... like how much entwining we want... if it's been entwining for a long time, it might not be worth it? but if it's just starting to entwining, then the runup might be a good entry because it will continue its run up, since 80+ on stoch indicates a hold.
I didn't see any stocks from my Final Universe which provided an example of the 'Bruno R' Set up at present. When an example appears, I plan to post it here. Understand, it might take a few days (or longer). With respect to rockets, you appear to have interpreted Jack's post as one indicating entry and exit signals. In reality, observation of the Bruno R / Rocket indicator sequences signifies the difference between continuation and change. I encourage you to review the posts while using such a mindset.
Good trading to you.
- Spydertrader
Final Universe Update
I added RATE to my Final Universe this evening.
- Spydertrader
I added RATE to my Final Universe this evening.
- Spydertrader
thanks spyder,
but if i remembered correctly, jack said he looked for stock with a fast stochastic that drops down to the 20 mark in a hurry, but this stock you're showing me seems to have its fast stochastic goign down gradually, starting from the beginning of january. i remembered someone said the same thing in journal 2.
so that was what i was confused about:
how fast do we want it to drop down to the 20 mark... do we want to see a steep sudden drop to the 20 that only took maybe 2-3 days to form on the daily chart? or does it not even matter as long as the fast stochastic ends up at the 20 and is gearing up, and have the blue crosses over the red line.
============
my confusing with the rockets is similar in nature. i know we are looking for stock in the daily chart where it overshoots the 80 in stochastic, and shows an entwining action... and jack says this is where we would enter... of course with increase volume and price... neutral macd, etc etc... those pretty much goes without saying..
but a stochastic that sits above 80 and entwining can look very differently and have different outcome i'm sure..
for example some stocks might have a stochastic at 80 and entwining that look like this:
_
_/
where stocks shoots above 80 and entwine there (but just starting to entwine as shown by the short line on top)
but there's also these:
________
_/
where a stock's stochastic has been entwining around the 80 mark for quite some time on the daily chart... so does this mean getting in on the rocket trade is more safe in the first example than the second one where the line has been entwining for a long time? since it could possibly end any day? but at the same time, getting too early in the first example i've drawn could mean that we would be getting in early and the short entwining action we thought was confirmed could easily head down and turns this trade into a non-rocket trade since it longer fits our criteria where the stock stays entwining.
anyway, would really appreciate some thoughts on this.
but if i remembered correctly, jack said he looked for stock with a fast stochastic that drops down to the 20 mark in a hurry, but this stock you're showing me seems to have its fast stochastic goign down gradually, starting from the beginning of january. i remembered someone said the same thing in journal 2.
so that was what i was confused about:
how fast do we want it to drop down to the 20 mark... do we want to see a steep sudden drop to the 20 that only took maybe 2-3 days to form on the daily chart? or does it not even matter as long as the fast stochastic ends up at the 20 and is gearing up, and have the blue crosses over the red line.
============
my confusing with the rockets is similar in nature. i know we are looking for stock in the daily chart where it overshoots the 80 in stochastic, and shows an entwining action... and jack says this is where we would enter... of course with increase volume and price... neutral macd, etc etc... those pretty much goes without saying..
but a stochastic that sits above 80 and entwining can look very differently and have different outcome i'm sure..
for example some stocks might have a stochastic at 80 and entwining that look like this:
_
_/
where stocks shoots above 80 and entwine there (but just starting to entwine as shown by the short line on top)
but there's also these:
________
_/
where a stock's stochastic has been entwining around the 80 mark for quite some time on the daily chart... so does this mean getting in on the rocket trade is more safe in the first example than the second one where the line has been entwining for a long time? since it could possibly end any day? but at the same time, getting too early in the first example i've drawn could mean that we would be getting in early and the short entwining action we thought was confirmed could easily head down and turns this trade into a non-rocket trade since it longer fits our criteria where the stock stays entwining.
anyway, would really appreciate some thoughts on this.
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