Spydertrader's Jack Hershey Equities Trading Journal III

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General comment, I have been using the "method" for intraday trading of AAPL stock with some success of late. Has anyone looked at using this for consistently trading a stock intraday?

I do not mean continuous trading like in the futures but I simply look for Point 3s or breakouts and enter trades short or long and have found some consistency. I want to do this for several weeks but on most days, channels form over time intraday and I can wait for just 1 or 2 nice entries. Also carryover channels seem to work as well. I will look to add the indicators such as stoch and MACD to see if it works in conjunction.

But bottom line most moves in the stock are in point 1 - 3 channels and follow volume patterns.
 
I'm long FRPT from 22.06 :D

got in a while ago right before it jumped to 24.50 the day before the close when the contracts news came out... have been holding it since 4/23/07 :)
 
Quote from optioncoach:

Has anyone looked at using this for consistently trading a stock intraday?
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Journal II has some interesting posts with respect to Intraday Trading of Equities. Using the second derivatives of Price and Volume, with stocks which have an excellent correlation between the two, showed some promise back then. In addition, a few people out west trade intraday off a five minute time frame before heading to work each day.

"Any market, Any time frame (provided sufficient liquidity and volatility exists)"

- Spydertrader
 
Quote from appletoast:

Ticker Rank
ARSD 5.92
BONT 3.34
BWLRF 4.63
CMGI 5.18
DXPE 4.6
EGR 5.46
HAYZ 6.72
KRSL 8.57
MOVI 6.63
MTOX 4.9
ORCH 5.34
POGS 5.2
RNO 3.32
SIF 4.15
SILC 5.39
SNKI 4.45
SORL 4.78
TGX 6.25
TROY 6.03
VII 4.55

happy trading
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just a little follow up....

wow.... love the DRYUP to FRV trades. can definitely show monster moves...

SIF20070511.png


VII20070511.png
 
Quote from optioncoach:

General comment, I have been using the "method" for intraday trading of AAPL stock with some success of late. Has anyone looked at using this for consistently trading a stock intraday?

I do not mean continuous trading like in the futures but I simply look for Point 3s or breakouts and enter trades short or long and have found some consistency. I want to do this for several weeks but on most days, channels form over time intraday and I can wait for just 1 or 2 nice entries. Also carryover channels seem to work as well. I will look to add the indicators such as stoch and MACD to see if it works in conjunction.

But bottom line most moves in the stock are in point 1 - 3 channels and follow volume patterns.
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That's kind of funny, actually. I was using SCT on AAPL for two or three weeks a while back. I had mediocre success, but it looked pretty good for the long term. I wasn't expecting to make a whole lot of money on it in my first two weeks, but it definately was net positive. The problem I was having with it was drilling down to every turn. I think for what you are doing it should work well, but trying to get every turn is hard mentally, even though I can see how it's possible. Personally, I think AAPL is a great choice for that kind of trading, and you can even use the ES as the YM in a limited sort of fashion, imho.

TNG
 
Yeah I am not going to even try SCT for the daytrading but the channels line up and present nice entries for BOs or point 3 moves. It gives me something else to trade instead of ES and NQ using the channels.

I just have to read a couple of 1000 posts to determine what the indicators on the bottom are for LOL :D

Quote from thenewguy:

That's kind of funny, actually. I was using SCT on AAPL for two or three weeks a while back. I had mediocre success, but it looked pretty good for the long term. I wasn't expecting to make a whole lot of money on it in my first two weeks, but it definately was net positive. The problem I was having with it was drilling down to every turn. I think for what you are doing it should work well, but trying to get every turn is hard mentally, even though I can see how it's possible. Personally, I think AAPL is a great choice for that kind of trading, and you can even use the ES as the YM in a limited sort of fashion, imho.

TNG
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Quote from optioncoach:

Yeah I am not going to even try SCT for the daytrading but the channels line up and present nice entries for BOs or point 3 moves. It gives me something else to trade instead of ES and NQ using the channels.

I just have to read a couple of 1000 posts to determine what the indicators on the bottom are for LOL :D
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I should have been more choosy with my words, I suppose. I don't know if you could call it SCT, but what I was doing is using an "always in" methodology with it. Like I said, it worked fairly well, but I need to regroup and perfect it a bit before I continue. I have always felt that price, volume and channels is really all you need. I could be wrong, however....

TNG
 
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