Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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Nicely Done. Keep up the great work.
- Spydertrader
I know people made money on ININ but I was never comfortable with the revised long TL or the reasons given for it. Although my chart is obviously annotated with the benefit of hindsight it is interesting to me as it shows the power of the original TLs, FTT signal and volume.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1371684>
The gap down looks like it was making up for lost time - as if the price in the yellow circle was the exact mirror image of what it "should" have been doing.
Comments welcome, let me know if this is useful (or unnecessary).
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1371684>
The gap down looks like it was making up for lost time - as if the price in the yellow circle was the exact mirror image of what it "should" have been doing.
Comments welcome, let me know if this is useful (or unnecessary).
That takes the cake and is an outright lie. Clearly you haven't actually read the post, and anyone who follows the link will see that. Spydertrader said nothing of the sort. In fact the quote you pasted was from someone else entirely.
Congratulations, you are the first person I am going to ignore. I now see why you have changed handles so many times. I imagine it is because you have been set to ignore so many times that nobody responds to you.
Congratulations, you are the first person I am going to ignore. I now see why you have changed handles so many times. I imagine it is because you have been set to ignore so many times that nobody responds to you.
Quote from T280:
Spytrader quote about Jack from Trade2win forum:
Spydertrader
Actually he just quit trading because he couldn't make any of it work. In fact, you posted to it.
- Spydertrader
http://www.trade2win.com/boards/archive/index.php/t-13625.html
Review for Saturday 24 Feb 2007:
My current Final Universe based on my reading here is:
ALY BITS CHDX COGO DTLK DXPE FTEK GIGM GROW GRRF HWCC IAAC ININ LQDT MEH MIKR NVEC OMRI PCCC RATE REDF SIM SIRF SNCR STEC SYX UCTT XING
My DU3 scan, of the above Final Universe only, produced these stocks for Monday, as of today, Saturday:
DTLK GRRF IAAC MIKR RATE SIM XING
My own analysis based on NN, and cycles, MACD and Channels. Daily chart only. Posted to elicit discussion.
DTLK's cycle low occured 4 days ago. Mid-range of channel. MACD negative. 50:50 on this one.
GRRF's cycle low occured on Feb 7 or Feb 9 depending on the indicator. We appear to still be in the upswing. Upper end of channel. MACD positive. 50:50 on this one.
IAAC's cycle low just occured. We may be about to start an upswing. Upper end of channel, but it looks like a break out. MACD is positive. I like this one.
MIKR doesn't easily fit the mold of cycles. It has been on an upswing since 31 Jan. I have it labelled as a possible cycle upswing start on 26 Jan. The only thing that worries me is the gap up from a few days ago. I'm sure there is news on this, but I haven't checked. Middle of channel. MACD sort of positive.
RATE's last cycle low was on 23 Jan. I'm not sure what to make of the chart based on cycles. It looks toppy, with a possible cycle high put in. MACD negative. Kissing the lower end of the channel. Classic buy on touch of moving average, stop below lower end of channel.
SIM's cycle low just occured. It looks like an upswing is about to begin. MACD positive. Upper range of channel.
XING's cycle low occured 7 days ago. Beautiful stock. While I think it certainly could go higher, it does appear to be long into its upswing. MACD sort of positive. At upper end of channel. Powerful looking chart.
In conclusion, it looks like a number of the above began their moves a few to several days ago.
If forced to choose, as of today, Saturday, I would choose IAAC and SIM to focus on, followed by GRRF. DTLK's candlebar on Friday looks bad. I don't understand MIKR's gap up a few days ago without filling, at least according to wealth-lab. RATE's last 4 candlebars look terrible. XING? Well, I think it is a powerful looking chart. I've gotten burned before with other stocks buying at the upper end of a channel when the signal occured days ago, so I'll just wait for the next time.
Note: All of the above is based heavily on Ehler's work as well as others. A cycle low does not necessarily mean a price low in my discussion above, i.e. the indicator can lead or lag. In my case they lead slightly for some of our universe stocks, but not all, and not for long, i.e. degradation of parameters requiring re-training.
My current Final Universe based on my reading here is:
ALY BITS CHDX COGO DTLK DXPE FTEK GIGM GROW GRRF HWCC IAAC ININ LQDT MEH MIKR NVEC OMRI PCCC RATE REDF SIM SIRF SNCR STEC SYX UCTT XING
My DU3 scan, of the above Final Universe only, produced these stocks for Monday, as of today, Saturday:
DTLK GRRF IAAC MIKR RATE SIM XING
My own analysis based on NN, and cycles, MACD and Channels. Daily chart only. Posted to elicit discussion.
DTLK's cycle low occured 4 days ago. Mid-range of channel. MACD negative. 50:50 on this one.
GRRF's cycle low occured on Feb 7 or Feb 9 depending on the indicator. We appear to still be in the upswing. Upper end of channel. MACD positive. 50:50 on this one.
IAAC's cycle low just occured. We may be about to start an upswing. Upper end of channel, but it looks like a break out. MACD is positive. I like this one.
MIKR doesn't easily fit the mold of cycles. It has been on an upswing since 31 Jan. I have it labelled as a possible cycle upswing start on 26 Jan. The only thing that worries me is the gap up from a few days ago. I'm sure there is news on this, but I haven't checked. Middle of channel. MACD sort of positive.
RATE's last cycle low was on 23 Jan. I'm not sure what to make of the chart based on cycles. It looks toppy, with a possible cycle high put in. MACD negative. Kissing the lower end of the channel. Classic buy on touch of moving average, stop below lower end of channel.
SIM's cycle low just occured. It looks like an upswing is about to begin. MACD positive. Upper range of channel.
XING's cycle low occured 7 days ago. Beautiful stock. While I think it certainly could go higher, it does appear to be long into its upswing. MACD sort of positive. At upper end of channel. Powerful looking chart.
In conclusion, it looks like a number of the above began their moves a few to several days ago.
If forced to choose, as of today, Saturday, I would choose IAAC and SIM to focus on, followed by GRRF. DTLK's candlebar on Friday looks bad. I don't understand MIKR's gap up a few days ago without filling, at least according to wealth-lab. RATE's last 4 candlebars look terrible. XING? Well, I think it is a powerful looking chart. I've gotten burned before with other stocks buying at the upper end of a channel when the signal occured days ago, so I'll just wait for the next time.
Note: All of the above is based heavily on Ehler's work as well as others. A cycle low does not necessarily mean a price low in my discussion above, i.e. the indicator can lead or lag. In my case they lead slightly for some of our universe stocks, but not all, and not for long, i.e. degradation of parameters requiring re-training.
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