Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from Spydertrader:

That old thinking (as you call it) serves you no good purpose. Set it aside and leave it exactly where it belongs - in the past. As to 'dumb luck' influencing your trade outcome, you know what they say,

"Chance favors the prepared mind."

Nicely done and keep up the great work.

- Spydertrader
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You crack me up!:D

Thanks for the words of encouragement!; once I've done this consistently, I think I will begin to understand LOL

Hence, my commitment to post my trades; this way - I can't hide!!
 
I have the following in DU for tonight:

BITS COGO DXPE GIGM NVEC XING

I have attached a chart of DXPE for your review. I am just learning how to draw channels, and I hope to get some opinions on the chart. Thanks to thenewguy for posting all of his charts last night. Your posts help me see how my channel drawing is progressing.

- Huskydog
 

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Quote from Huskydog:

I have the following in DU for tonight:

BITS COGO DXPE GIGM NVEC XING

I have attached a chart of DXPE for your review. I am just learning how to draw channels, and I hope to get some opinions on the chart. Thanks to thenewguy for posting all of his charts last night. Your posts help me see how my channel drawing is progressing.

- Huskydog
More...

Anytime! Yours looks exactly the same as mine. I had the steep traverse drawn in earlier (I'll post that next), and it looks like a possible FTT forming right where we're at, but again, I wouldn't do anything without a signal on it tomorrow which would confirm an FTT in my books.

Thanks,

TNG
 

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Quote from Huskydog:

I have the following in DU for tonight:

BITS COGO DXPE GIGM NVEC XING

I have attached a chart of DXPE for your review. I am just learning how to draw channels, and I hope to get some opinions on the chart. Thanks to thenewguy for posting all of his charts last night. Your posts help me see how my channel drawing is progressing.

- Huskydog
More...

Here is what I got...
Close of $32.50 breaks the channel; otherwise, down? Lets see how this one pans out...

Hmmmm...traders' opinions are like arses; everyone's got one and none of em are the same! :D
 

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Quote from thenewguy:

Anytime! Yours looks exactly the same as mine. I had the steep traverse drawn in earlier (I'll post that next), and it looks like a possible FTT forming right where we're at, but again, I wouldn't do anything without a signal on it tomorrow which would confirm an FTT in my books.

Thanks,

TNG
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Much obliged to you! Thanks. :D
 
Here is my second take on DXPE. On a smaller fractal it looks like I can draw two additional channels. (I have removed the one from the previous drawing to make the difference clear). Notice, in EITHER scenario we are essentially waiting for the same thing - a signal to confirm what is possibly happening. In the last post, we are waiting for a signal to confirm the possible p3, which would lead me to believe the price is ready to traverse to the LTL again. In the second drawing, it looks like a possible FTT from the steeper smaller channel which could lead to a BO of that trend which would also be the start of a new upward traverse channel.

Either way, it amounts to the same thing, imho.

Thanks,

TNG
 

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Let's montor this one tomorrow as well to see where it goes and how the Volume Gaussians develop.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1322036>
 

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Quote from Spydertrader:

I also have the same list.

- Spydertrader
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GIGM, DXPE and NVEC look the best to me. COGO, SIM and XING actually look like decent shorts to me, but I'm not going to go there at the moment. I will take anything that signals tomorrow, but will put on bigger size on GIGM, DXPE or NVEC.

The chart for NVEC is attached. The only thing that concerns me is that the new 1,2,3 points are very small, and located within the channel still. In my mind this means either that 1) this traverse is small and will only go to the RTL of the down channel, or 2) the real point 2 isn't formed yet, and a break out of the RTL of the down channel would confirm that. If NVEC signals tomorrow I will take the trade, however, I will be watching it very close around the $33 area.

Thanks,

TNG
 

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