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Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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yeah I like the possible ftt for STEC. thanks man. i'll be sure to keep an eye on it in the near future.
i will be paper trading the original method tomorrow. wish me luck guys.
I have these in dryup:
BITS DXPE FTEK HWCC NVEC OMRI UCTT ININ
Will be watching these:
some, because of their positions at the bottom of the uptrend channel, some because they are NOT in a downtrend and the fact that they seem to be in a sideway action for a few days and hopefully ready for a break out of its sideway action)
BITS NVEC HWCC - and maybe ININ (i like it because it is kind of in a sideway action, but it's still near the top of the down channel, eventhough the channel is only "slightly down"
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i will be paper trading the original method tomorrow. wish me luck guys.
I have these in dryup:
BITS DXPE FTEK HWCC NVEC OMRI UCTT ININ
Will be watching these:
some, because of their positions at the bottom of the uptrend channel, some because they are NOT in a downtrend and the fact that they seem to be in a sideway action for a few days and hopefully ready for a break out of its sideway action)
BITS NVEC HWCC - and maybe ININ (i like it because it is kind of in a sideway action, but it's still near the top of the down channel, eventhough the channel is only "slightly down"
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Quote from Aurum:
I like how GRRF is forming up.
As I see it, there was a FTT yesterday (02-07-07) of the IT down channel. This happened to occur right at the RTL of the LT up channel.
If price bounces off of the RTL (again) and goes below the right side of the two day tape, then I'll be comfortable calling it a FBO and exiting.
-Au
Aurum,
I'm having trouble figuring out what the RTL of LT up channel is based on. Are you calling yesterday a point 3? Because I don't see a LT point 3 that's already been formed. Just wondering and looking for the BO in any case.
-Buffalo
Quote from buffalow:
Aurum,
I'm having trouble figuring out what the RTL of LT up channel is based on. Are you calling yesterday a point 3? Because I don't see a LT point 3 that's already been formed. Just wondering and looking for the BO in any case.
-Buffalo
The green up channel and volatility expansions come from the weekly fractal. Pt's 1 and 3 were based (sloppily it appears) off 8-27-06 and 9-17-06. I may have subconsciously made the lines to "fit" a bit better with the FTT I have marked on the daily fractal.
HTH
-Au
Quote from Aurum:
The green up channel and volatility expansions come from the weekly fractal. Pt's 1 and 3 were based (sloppily it appears) off 8-27-06 and 9-17-06. I may have subconsciously made the lines to "fit" a bit better with the FTT I have marked on the daily fractal.
HTH
-Au
Thanks, that helps explain it. My pt 1 is the week before yours. I guess slight differences in the weekly fractal can make a pretty big difference when viewed on the daily.
-Buffalow
Has anyone experimented with buying tomorrow's DU stocks just prior to the close today?
I ask because it seems more often then not, the DU stocks have a 30 - 50 cent run and then retrace all of their initial gain.
DXPE FTEK NVEC are examples today.
By the way, did anyone catch TRT?
Apparently it doesn't quite meet the full criteria (it was on my DU list though). Would have been a nice run if you could have gotten in yesterday.
I ask because it seems more often then not, the DU stocks have a 30 - 50 cent run and then retrace all of their initial gain.
DXPE FTEK NVEC are examples today.
By the way, did anyone catch TRT?
Apparently it doesn't quite meet the full criteria (it was on my DU list though). Would have been a nice run if you could have gotten in yesterday.
Day #1 Paper Trading (Beginner Method)
Dryupstocks: BITS DXPE FTEK HWCC NVEC OMRI UCTT ININ
Ones that i monitored today:
BITS NVEC ININ HWCC
Well none of the stocks i monitored today reached its dryup lowband volume by 10:30 nor 11:00. So as the result, no trades were made.
However, I did pull up a few stocks that were positive for the day today and looked them over for patterns. These being: XING and LQDT.
From LQDT it was evident that the theory on price, volume definetly works. In addition, the parameter of the 80+ mark on the slow stochastic 14,1,3... provides the key for spotting trend changes.... not to mention the fast stochastic 5.2.3, which like its name, provides an alert on the possible trend changes to its slower cousin the slow stochastic.
Volume on LQDT spiked up real high today at the open with positive MACD, stochastic around the 90 levels, until it finally dropped below 80, indicating a trend reversal and with the decreasing volume causes the stock to reach its High of day of 24.15... and drops all the way back down to 22.49.
If i was holding this stock this morning, all of these indicators and patterns suggest a hold, untill the stochastic dips below 80, which would've alerted me to get ouf of the trade, saving me some $$$ and helped lock in some profits.
All in all, it was a productive day for me as i've seen the hershey PV theory proven in real time. I'm looking forward for next week.
=====
by the way, when you guys traded the beginner method, did you find it more profitable trading with dryup lowband by 10.30 then average du by 11.30... or only dryup lowband by 11 as described in the original method?
also, when you have a list of dryupstocks, do you only take trades when the price is near t he bottom of an uptrend channel? 'cuz so far i have been staying away from the ones with price at or near the top channels and daily graphs currently consisting of a downward c hannel.
Dryupstocks: BITS DXPE FTEK HWCC NVEC OMRI UCTT ININ
Ones that i monitored today:
BITS NVEC ININ HWCC
Well none of the stocks i monitored today reached its dryup lowband volume by 10:30 nor 11:00. So as the result, no trades were made.
However, I did pull up a few stocks that were positive for the day today and looked them over for patterns. These being: XING and LQDT.
From LQDT it was evident that the theory on price, volume definetly works. In addition, the parameter of the 80+ mark on the slow stochastic 14,1,3... provides the key for spotting trend changes.... not to mention the fast stochastic 5.2.3, which like its name, provides an alert on the possible trend changes to its slower cousin the slow stochastic.
Volume on LQDT spiked up real high today at the open with positive MACD, stochastic around the 90 levels, until it finally dropped below 80, indicating a trend reversal and with the decreasing volume causes the stock to reach its High of day of 24.15... and drops all the way back down to 22.49.
If i was holding this stock this morning, all of these indicators and patterns suggest a hold, untill the stochastic dips below 80, which would've alerted me to get ouf of the trade, saving me some $$$ and helped lock in some profits.
All in all, it was a productive day for me as i've seen the hershey PV theory proven in real time. I'm looking forward for next week.
=====
by the way, when you guys traded the beginner method, did you find it more profitable trading with dryup lowband by 10.30 then average du by 11.30... or only dryup lowband by 11 as described in the original method?
also, when you have a list of dryupstocks, do you only take trades when the price is near t he bottom of an uptrend channel? 'cuz so far i have been staying away from the ones with price at or near the top channels and daily graphs currently consisting of a downward c hannel.
Still holding onto GRRF.
When price did bounce off the RTL and dropped out of the tape, I was prepared to exit. I noticed a few things which caused me to change my mind and wait a bit.
1. On the T&S there were several large buy orders which went through at a price above the current market price. 2 x orders of 5k, and several orders of 2+k.
2. A pt3 of the taping channel has possibly formed today.
3. Near EOD there were a number of large entries for bid/best bid on L2.
4. Volume is still in the dryup range - we haven't hit FRV yet.
So while price didn't cooperate today, I'm still seeing some signals to "continue." We'll see what Monday brings.
When price did bounce off the RTL and dropped out of the tape, I was prepared to exit. I noticed a few things which caused me to change my mind and wait a bit.
1. On the T&S there were several large buy orders which went through at a price above the current market price. 2 x orders of 5k, and several orders of 2+k.
2. A pt3 of the taping channel has possibly formed today.
3. Near EOD there were a number of large entries for bid/best bid on L2.
4. Volume is still in the dryup range - we haven't hit FRV yet.
So while price didn't cooperate today, I'm still seeing some signals to "continue." We'll see what Monday brings.
Attachments
my dry-up stocks for next monday:
BITS DXPE HWCC IAAC NVEC OMRI GRRF
notice your GRRF is in the mix. =D hope it works out for you. can you tell me when and why did you get into this trade?
i'm only trading the beginner method, but the daily graph for GRRF shows that it's been in a downtrend since beginning of janurary.
BITS DXPE HWCC IAAC NVEC OMRI GRRF
notice your GRRF is in the mix. =D hope it works out for you. can you tell me when and why did you get into this trade?
i'm only trading the beginner method, but the daily graph for GRRF shows that it's been in a downtrend since beginning of janurary.
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