Spydertrader's Jack Hershey Equities Trading Journal III

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if the above picture was the correct way of trading the rockets, then i think what i said earlier stands true. which makes a lot of sense, since we use the fast stochastic to get us in the rockets before it take off or before the price gets too far away from us... and use the slow stochastic as the hold indicator for the last minute exit.
 
i think i got it now.... we want to first see the stoch 5.2.3 hit 80, but the inter-twining part we want to see on stoch 14.1.3 for knowing whether we should hold on to the baby or not...

found another post you wrote in j2, now i think i fully understand what to look for for rockets and bruno now.

"According to the "High Noon" Clarification, we should see The Stochastic (5,2,3) for TRLG head above the 80 level followed closely by (if not a day or two later) The Stochastic (14,1,3). We would then see a 'pullback' in the Stochastics (5,2,3) followed by an 'intertwining' if The Stochastic (14,1,3). Once the Stochastic (14,1,3) drops below the 80 level, we would then look to exit. Assuming the above events come to fruition, we would then find ourselves riding another "Hershey Rocket.""
 
Quote from chiefraven:

'cuz i'm getting conflicting guidelines :)
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Unfortunately, you appear to have applied my answers to different questions than originally asked.

Specifically, on which sequence do you require clarification? Thus far, you have asked about a 'Bruno R' entry, a 'Rocket' entry, a 'Rocket' hold and a 'Rocket' exit.

'Bruno R' entry: Stochastics (5,2,3) - coming up off the 20 area
'Rocket' entry: Stochastics (5,2,3) - overshoot and 'dampening'
'Rocket' hold: Stochastics (14,1,3) - inter-twining
'Rocket' exit: Stochastics (14,1,3) - dropping below 80

Please note the above answers deal only with The Stochastic Indicator, and do not apply to the MACD Histogram. The above answers also refer to a daily chart.

- Spydertrader
 
sorry for the confusion =D i should've stated my question more clearly.. this whole string of question was brought to my mind when i saw that HWCC chart you posted in which you've highlighted the inter-twining area on the stoch 14,1,3... so i thought that was what you look for when looking for the rocket.... since judging from that chart i did not know whether that highlighted part meant that's where you would enter or maybe you've already gotten in the trade earlier, and that simply meant that it's a good indication to hold the stock....

but after digging up all these info from journal2 and looking back at that hwcc chart you posted... i'm sure the entry you would've liked to get in at would be when the stoch 5.3.2 hit 80, and hold during the part you highlighted.

sorry for the confusion.... anyway, my first logical thinking about this was right, and i feel much more confident of my knowledge about this system. but looking over the journal has definetly helped.
 
Quote from chiefraven:

hey PointOne could you send me your IAS excel template or possibly post it here so i could download it? i am thinking of doing what you described to me.. i think it will be a wonderful way to learn, by doing everything by hand.
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Here's an example.

Now you just have to do the work.
 

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Quote from Spydertrader:

Final Universe Update

I added RATE to my Final Universe this evening.

- Spydertrader
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I didn't have this one so I did an expanded stocktables search using EPS 80+ and RS 80+

After scanning for rank, RATE did come up plus a few others.

Here they are: RATE CHDX MEH UCTT

And just for the practice, I thought I'd check the Final Universe stocks to see if any had lost rank: ALY REDF SNCR STEC
Regardless, these will remain in the Final Universe until the end of the month.

So, my updated Final Universe now includes:

ALY BITS CHDX COGO DTLK DXPE FTEK GIGM GROW GRRF HWCC IAAC ININ LQDT MEH MIKR NVEC OMRI PCCC RATE REDF SIM SIRF SNCR STEC SYX UCTT XING

Just trying to get this process down :)
 
dry-up stocks for tomorrow (hasn't changed):

BITS DXPE HWCC IAAC NVEC OMRI GRRF
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and here are my analysis of the final universe stocks: (please take a look and let me know what you think)

Beginner Dryup method:
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BITS: at the bottom of the channel

HWCC:at the bottom of the channel and has just bounced back into the channel. also a possible bruno trade (if macd becomes neutral)
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Bruno List:
HWCC

OMRI - if stochastic reaches 80 with increase volume

GROW - if macd comes back up to neutral and stoch goes up as well

UCTT

SIM
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Short trades:
FTEK: increase volume with decline in price, broke down through channel, macd, stoch all down
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HOLD:

LQDT: stoch still intertwining... volume creastes a smiley face as stated in journal 2, also prices just broke outside of the left channel

SYX
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Finally, what do you guys think of MIKR? think it might be a good long from the bottom? dont know exactly what news caused the hellish drop....
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anyway, let me know what you guys thought of my analysis on the stocks.

you can look at the charts for these stocks as i see them in the next post:
 
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