Spydertrader's Jack Hershey Equities Trading Journal III

Status
Not open for further replies.
In the spirit of iterative refinement I like to mention what entry trigger I use. Not that I am an authority but some may find it of interest.

In addition to monitoring for volume rising above the lower band I monitor for 30 minute bars with double the volume of the 30 bar average volume. That means, should there be such a bar I have a signal also if the lower band was not exceeded. The price improvement, MACD and Stochastic filters remain the same. I find this quite useful for the Jack Hershey/Spydertrader method and also for my other stock activities.
 
Sounds like a good way to use volume. May I ask what you use for real time volume? I have been using Qcharts but early morning volume feeds are terrible, sometimes as much as half of what is reported elsewhere.:mad:
 
Quote from ph11l1p:

Sounds like a good way to use volume. May I ask what you use for real time volume? I have been using Qcharts but early morning volume feeds are terrible, sometimes as much as half of what is reported elsewhere.:mad:
More...

I use Qcharts as well, but have my broker feed (MBT) as back up. This morning Qcharts data was horrible.

- Spydertrader
 
Quote from Spydertrader:

I use Qcharts as well, but have my broker feed (MBT) as back up. This morning Qcharts data was horrible.

- S
pydertrader
More...

Thanks Spyder

I'm a Tucson Hershey meetup member. My pleasure to meet you the last time you were there. Trading equities using the Hershey methods. Just getting annoyed with Qcharts. Guess they're working on new software which is in test and who knows when it will be released. All of this for almost $100 a month. I'm using my Schwab Streetsmart Pro as backup but really like Qcharts when it works.

Thanks for all your excellent input.

Ph11l1p
 
Quote from ph11l1p:

Sounds like a good way to use volume. May I ask what you use for real time volume? I have been using Qcharts but early morning volume feeds are terrible, sometimes as much as half of what is reported elsewhere.:mad:
More...
That is my observation, too. QCharts is good for a number of reasons but for stocks volume I need an alternative.

I use IB's feed and the Amibroker program for charting. I found it is important to be consistent in one's data source here. Using QCharts average volume with IB's volume bars produces bad results. I look at both but each within itself.

Perhaps there is a positive of sorts - when a volume signal comes through early in the day in QCharts it must be really strong... :confused:
 
Final Universe

BITS BTJ CECE CHDX FRG GMKT GROW GRRF IAAC IIG ININ JADE JSDA LEND MEH OMRI ROCM SNCR SYX

The above list of 19 symbols represents my current Final Universe. The only unranked stock is SNCR, but it will regain rank with the next few days. If anyone has any other ranked stocks I may have missed, feel free to post them.

- Spydertrader
 
Quote from Spydertrader:

Final Universe

BITS BTJ CECE CHDX FRG GMKT GROW GRRF IAAC IIG ININ JADE JSDA LEND MEH OMRI ROCM SNCR SYX

The above list of 19 symbols represents my current Final Universe. The only unranked stock is SNCR, but it will regain rank with the next few days. If anyone has any other ranked stocks I may have missed, feel free to post them.

- Spydertrader
More...
Thanks for posting that list.

May I ask why you have LEND in there? It doesn't look like it fulfills the RS and EPS rank requirements. What am I missing?

I have these in addition to your list:

DXPE, FRG, ICE, MTOX, OMTR and a couple of others which are below the required volume.
 

Attachments

Status
Not open for further replies.
Back
Top