Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from Spydertrader:

Here is the 30 minute chart. Circled area within the steep (thin green lines) up channel represnts an FTT of that Green Up Channel.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1396738>
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It is a good idea on the 30's to be sure to look closely on the Taping channels for the ftt of the taping.

Also make it a point with any bar type candle or otherwise to link to the volume.

The part of the volume that was used to advance the bare in the tape is one component; after the davance terminates, then be looking at the part of volume that is taking you back to the RTL of both the tape and the outer container channel.

We are working towards expert now in this third journal.

There is an aspect of it that deals with seeing the max price ASAP. the F of FTT is the subject.

I will begin to pick up on gaussians within gausians for this.

We will also look at opportunities forming up as well.

The goal is to apply capital incisively as we do moves: moves out and then into different positions.
 
Jack, Nice to hear from you. Hope life is good in AZ. Over the last few months our trading focus here has moved from the Final Universe emphasis of MACD and RSI indicators to particularly the FTT. My question concerns the importance of a stock's rank. At the FTT level of training should I be focusing on my hot list (260 stocks- most without rank) or should I focus on the Final Universe of ranked stocks (about 25 presently)? Secondly, I am focusing almost exclusively on daily bars to identify FTT pivots. Should I be looking at a smaller time frame? Finally I continue to be unable to clearly interpret Guassian volume patterns that you, Spyder, and others refer to with such assurance. I have read all the journals and listened to most of your AZ meetings but still remain in the dark. I have been at this for a long time so I believe that it is not a matter of not grasping the discussion. But then again I admit that it remains rather mystic.
 
Updated IAAC Chart (Daily). Note the 30 minute chart (also attached) and see not only price Break through the up trend channel, but also, the significant lack of Volume in the middle of the day. As a result, we need to see increasing black Volume tomorrow, in order for Price to move higher.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1397380>
 

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Quote from Spydertrader:

Updated IAAC Chart (Daily). Note the 30 minute chart (also attached) and see not only price Break through the up trend channel, but also, the significant lack of Volume in the middle of the day. As a result, we need to see increasing black Volume tomorrow, in order for Price to move higher.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1397380>
More...


Nice work. Thank you. Keep em coming.

- Monkman
 
Did anyone shorted SIRF yesterday?
i shorted at 27.41 yesterday... and eventhough the market is up today, this stock is tanking hard... in 10 minutes, the latest 30min candlestick showed a 240,000 sell volume... :D
 

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just entered a long position in BITS at around 7.78 .82 .85 .86 couldn't get them all in one order

in hindsight i should've trusted my own judgement and not second guess myself and worry so much about wash trades and wasting commissions. should've entered earlier than i did. :(

bits hasn't reached FRV yet, but there's plenty of time left.
 
chief,

my data for bits seems strange... on my entrybar at 11:15AM and again at 11:23AM, I see down spikes to 7.36 and 7.44 respectively which would have exited my entry for a 2% stop loss.

I see it in both IB data and IQfeed. Did you get this data also?

thanks.
 
Quote from gpzany:

chief,

my data for bits seems strange... on my entrybar at 11:15AM and again at 11:23AM, I see down spikes to 7.36 and 7.44 respectively which would have exited my entry for a 2% stop loss.

I see it in both IB data and IQfeed. Did you get this data also?

thanks.
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I use IB feed but dont see those spikes on my charts.
 
Hi all, i am new to Hersheys Equities and am looking around for broker/software provider that works best as far as charting goes with Hersheys Equities method. Any suggestions or a link to similar discussion is greatly appreciated! Thank you in advance.
 
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