Spydertrader's Jack Hershey Equities Trading Journal III

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have a question regarding HWCC today. It was my Bruno R play for the day.

Everything worked out well, stochastics are moving up, but the one thing that worried me was that the volume for today was lower than the day before.... but the funny thing is, this low volume actually drove the price up a decent amount.

what do you think of these type of situation, where a stock did not have higher volume for the day compare to the day before? but price went higher?



also, i just want to make sure something about the bruno setup... i think prior to entery we would like to see decrease in volume correct? and increase volume after we entered the stock?
 

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Quote from chiefraven:

Everything worked out well, stochastics are moving up, but the one thing that worried me was that the volume for today was lower than the day before.... but the funny thing is, this low volume actually drove the price up a decent amount.

what do you think of these type of situation, where a stock did not have higher volume for the day compare to the day before? but price went higher?
More...

I don't mean to drone on, but you really should do the work I suggested. Then you will notice a common feature of a lot of the moves that give a stock rank: volume(t)/volume(t-1) > 1.
(2+ is good).

Price moves all the time basis current supply and demand. You need volume to determine the signal from the noise.
 
dryup stocks to look out for tomorrow:
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GRRF HWCC IAAC NVEC OMRI XING DXPE

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other setups:

ALY might be a good bruno soon in a day or two if fast stoch starts to inch up and crosses over... also would like to see macd gets a little bit better

FTEK: still convinced it will go down judging by the stochastics, macd, decrease in volume, and position in the channel

GROW is a possible bruno in the future if volume rises along with positive macd and stochastics coming back up and crossing over.

ININ is a crazy short right now... gapped down a lot, so risky if one decides to short it from here.

REDF might be a good bruno in a few days if it works out. and if it continues to stay in the channel

SIM: i'm holding on to this one as a bruno trade i entered today... volume is increasing and everything else is starting to look real nice. only time will tell

SNCR should continue to ride up the channel with not much resistance juding from the way it looks now. if anyone is already in. good job

SYX is a hold still... unlesss we see stochastic and macd edging down
========================
agree everyone?

:D
 
i'm also holding my BITS as it reached FRV by end of day today. wish me luck guys. so far so good... might get out of my HWCC trade tomorrow due to volume today being less than the day before =\

will see how tomorrow opens for HWCC before i decide my action.
 
Does anyone want to exchange msn or yahoo screen names? I think it would be a beneficial way for each of us to get a different perspective on things when we go over our stocks each night. this way we can just see who is on and start a group chat and talk about the candidates in the final universe or any dry-up stocks that people might be interested in..

i'm already in contact with TimDog... if anyone would like to join our little discussion group... just send me a message or something.

cheers.
 
hey spyder,

thanks for notifying me of this great play man! what do you think of it now though... would you get out tomorrow at the first sign of decrease volume or downward movements of any of the indicators?

i am bringing up this question because the volume for today is actually less than the volume the previous day.

i will most likely lock in some profits at the first sign of danger tomorrow after seeing how it opens.... but would just like to hear what you think of my thinking.

Could you also look at some of my analysis i posted today? if you're not too busy of course :D

ps. my BITS is looking like a diamond right now too! my first dry-up stock that was triggered... been waiting 2 days and finally a signal came!! :D
 
Quote from chiefraven:

thanks for notifying me of this great play man! what do you think of it now though...
More...

Nicely done on your trades.

As to my thinking, I think you should take the advice I have given to you in the past (and others have provided you more recently) and do the necessary work required to insure you have built a strong foundation for success.

I don't want to sound like a 'wet blanket' but significantly greater success exists beyond the world of indicator sequences and Dry Up Volume Calculations. Take the time needed to internalize the process.

Good trading to you.

- Spydertrader
 
oh i know. i plan on learning more about the FTT method as well. But as of now, i am just concentrating on getting the basics down.

I do feel like i have a pretty good understanding of how things work right now... at least at the beginner level involving, indicators, dryup, bruno, rockets, and channels.

Since i'm only beginning to test the system... i am still waiting to see more dryup stocks in action to give me more confidence the importance of volume.... and once i'm more comfortable with the system. i plan on concentrating more of my focus on volume and price itself, as well as getting better at channels drawing -- all of which are important skills to have for the FTT method.

I wasn't really looking for anyone to teach me on how to trade the basic setups... was just hoping someone could take a look and let me know if i had the right perspective... i simply didn't know most people have already abandoned the indicators and old beginner method completely... i thought maybe people would be using both the advanced FTT method... but also some old beginner methods... like if they see a bruno or rocket trade, or dryupstock that looks good.... does it mean that people only uses FTT now ?
 
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