Spydertrader's Jack Hershey Equities Trading Journal III
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I like to watch the 5 min(sorry, previously stated 30 min, which I also use) chart for exits. Lately, I've been focusing most of my time on identifying FTT's. Although I was away from my computer at the time, it seems like there was a very clear FTT on REDF almost at the high of the day (the second time it tested that area). If you look at the attached chart, there is a huge spike of volume at that time, pushing the price up. The price, however, fails to reach the LTL from the up channel. The price also hovered around that area for 10 - 15 mins which would have given me ample time to get out, or even 2 or 3 bars later with a much better profit than I ended up with. I'm focusing my attention on looking for FTTs on daily charts to give me the overall strategy, then 30 and 5 min charts to fine tune my entries and exits.
This FTT, as with all of the one's I'm trying to point out, was located only using price and volume. The volume signal was crystal clear on it this time.
If somebody still interested in reverse engineering "The Floppies."
I need the following:
1. Sample of TC2000 data located somewhere in TC2000 folder
Files appeared to be like xyz.ndx and(or) xyz.dat files
2. Clarification that TC200 stored volume in 100's.
It actually a C code not a C++.
Stepan
I need the following:
1. Sample of TC2000 data located somewhere in TC2000 folder
Files appeared to be like xyz.ndx and(or) xyz.dat files
2. Clarification that TC200 stored volume in 100's.
It actually a C code not a C++.
Stepan
Quote from Spydertrader:
Back in the mid-1990's, one of Jack's students coded an automated Equities Trading program. The student gave a copy of the program to Jack, but Jack never used the program. For those of you who have read the USENET and MSN posts, Jack referred to this program as 'The Floppies.' By clicking the link below, you can download a .zip file containing a copy of this code (in the Floppies Folder). I have yet to experience any success getting the program to work - meaning I cannot turn the thing 'on.'Perhaps, some of the more experienced programmers who follow these discussions will have more success than I. Should anyone have success translating the code (and / or getting it to work), please let me know.
Merry Christmas!
- Spydertrader
For 'Floppies' Click HERE.
Hey Huskeydog,
I'm just a beginner with this, but I marked up a different channel orientation than what you had - I used all pink for my annotations on the chart you posted. It looks to me like the dominant traverse of your blue channel was completed at the time of an FTT in my Long pink channel and followed by R2R volume confirming a trend change to non-dominant traverse back down to the blue RTL. I'd feel a little more confident if the last two red bars had a bit more volume though.
Any other thoughts?
Oh, thanks to Newguy for posting those charts - very impactful.
-buffalow
Quote from virgintrader:
Got the same.
Sold CRZO @$27.75 for 0.50 gain
In ASCA@ $29.80 FRV EOD and HWCC@$21.50 did not FRV EOD; will dump tomorrow if it behaves badly!
Missed XING and REDF waiting for it to DU prior to going to work!oh well!
good trading tomorrow everyone!
Stopped out of CRZO at $29.50 and $21.95 for HWCC. Hope no one got hurt today with GROW and NVEC.
Quote from virgintrader:
Stopped out of CRZO at $29.50 and $21.95 for HWCC. Hope no one got hurt today with GROW and NVEC.
I'll have to look at the 30 min again but I don't recall seeing a strict method buy signal. To be honest what I saw between 0830 and 1130 told me to look elsewhere.
I'd really like a way to spot the XING's of the universe when they ramp up intraday WITHOUT sitting in front of the computer all day. XING's run on Tuesday was impressive.
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