Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from TimDog:

Spyder, could you post a chart of SIRF with your channels drawn in. I have trouble figuring out how to draw the channels when there has been a large gap recently (01/31 in this case). TIA
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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1367424>
 

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Quote from thething:

great stuff spyder:cool: I'm a completely newbie trader, i guess i can consider myself lucky to stombled onto this. Still learning to control my emotions, but even with a crap load of mistakes with a few days of trading i'm still up a little.
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Take your time to build a strong foundation and internalize the methods discussed here. The market will be ready and waiting whether you finish your 'education' or you don't.

Good Journey to you.

- Spydertrader
 
That would've hurt....

Good point, though. You can avoid trading around earnings announcements, but you can never plan for takeover bids.

In the current market, where there are deals happening everywhere, this is even a greater risk.


Quote from gooch87:

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Quote from bi9foot:

Possible FTT and a Bruno R play

Need volume to get out of dry-up levels.
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I thought a FTT had to be at a price where volume is around Peak levels, and starts to drop off afterwards. Anyone know the answer to this?

- Monkman
 
Quote from Spydertrader:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1367431>
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I might be blind but I think I see it going up :P

- Monkman
 
Quote from bi9foot:

Possible FTT and a Bruno R play

Need volume to get out of dry-up levels.
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This does looks like a really great candidate.

Sidenote, The long trend channel seems to fit better if you use 11/9 as pt 1. Sometimes for gap ups, i use the gap up pt as pt 1. Small difference in this case.
 
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