Spydertrader's Jack Hershey Equities Trading Journal III

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Why would one choose to miss the move on dxpe? I'm not saying you should trade the news but the signals were all a go for this one ;-) Except it had no rank ;-(

Cordially,

-Ddude-
 
Ddude,

Look up GMKT. Tell me the signals weren't all lined up for that one as well.

Quote from ddude:

Why would one choose to miss the move on dxpe? I'm not saying you should trade the news but the signals were all a go for this one ;-) Except it had no rank ;-(

Cordially,

-Ddude-
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If you are talking about the 3/8 to 3/9 drop on GMKT, I would say that the signals are not lined up... It is looking close but not quite...

3/6/ to 3/7 fast and slow stochastics and MACD all not doing the right thing ;-( There is an FTT a few days back on 3/5 which would get me watching...

On 3/8 things are looking better but still not quite right to me one stochastic is ok the other not and the MACD is not good for me ;-( Could bounce either way off the 20 day MA... Volume and price are looking good... I can see how this could bite...

My question was not answered, are we to trade the news or the technicals? As a beginer we would stay away from any announcement days but aren't we a little farther forward?

Cordially,

-Ddude-
 
Quote from ddude:

My question was not answered, are we to trade the news or the technicals? As a beginner we would stay away from any announcement days but aren't we a little farther forward?
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We stay away (in Equities) from FOMC and Earnings announcement days as Beginner Level Traders. As one gains more experience, Earnings Announcements can (and often do) provide large profits. On the other side of the coin, an earnings announcement can generate a substantial loss. In an effort to avoid the increased risk associated around Earnings Time, I have always recommended Beginning Level traders sit out. However, if a trader believes they have sufficient experience necessary to play with the sharks in the 'Earnings Play' pond, well I certainly wouldn't want to stand in anyone's way. :D

To more specifically answer your question, we are to trade the signals of continuation and change. The beginner and intermediate levels (Journals I & II) are designed to move the learning trader along the path until such a time exists where they can 'see' these signals of continuation and change - without thinking about it.

Once one can trade these signals effectively, then one can apply those same techniques to any market, on any timeframe - provided sufficient liquidity exists.

- Spydertrader
 
Just for fun ;-) RATE...

If one had entered on Wed or Thurs at or around 36.15 then one could hold and see where it goes...

However, it seems that there are/were several things that would keep me from jumping in now...

Fridays bar is breaking below the blue tape... Volume is going in the wrong direction... It seems that it was never in DU... Stochastics looking goofy ;-)

Cordailly,

-Ddude-
 

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Quote from rickylc:

Anyone else experiencing difficulties gathering data from Yahoo finance website?

I haven't been able to get any data more recent than the 21st of feb. thought it was just a glitch and would have been fixed over the weekend. not so

I use this source to run wealthlab, so it sucks just a bit:)
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Only this weekend did the "Final Universe Macro" stop working for me. Has anyone else had this problem whilst trying to download data from Yahoo? Is there any workaround to get this macro working again?
 

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cipher,

the cullstocktables.xls macro sheet also failed to update from yahoo's website...

Not sure where to find the info to get these sheets working again...
 
Quote from cipherscribe:

Only this weekend did the "Final Universe Macro" stop working for me. Has anyone else had this problem whilst trying to download data from Yahoo? Is there any workaround to get this macro working again?
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1. Open final Universe Macro.xls
2. Press ALT+F11 which opens "Microsoft Visual Basic"
3. In MVB (not excel), Click "EDIT">"REPLACE
4. Make sure "Current Project" is selected.
5. Find what> http://quote.yahoo.com/d/quotes.csv?s=

Replace with>
http://download.finance.yahoo.com/d/quotes.csv?s=


A pop up should say that two replacements were made.
 
Hi all

Sorry if this has been covered, but on stock charts does it make much difference if channels are done on a chart with a log scale or an arithmetic scale?

I know on ES 5minute the recommended scale is arithmetic with 2 point steps, but what about for stocks (with respect to drawing channels)?
 
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