Spydertrader's Jack Hershey Equities Trading Journal III

[twofacedjoker]

Is there a chat room where users using Jack Hershey's method meet during market/after market hours?

 

[thenewguy]

Quote from thenewguy:

Time to test my real time FFT skills. Any comments very welcome...

I picked up some SLP late today. Here's a chart, volume looks nice to me, the channel is down, both stoch's look good to me. A close above the 20 SMA would make me feel better, but we can't have it all, can we?

Thanks,

TNG

Sold half when it hit %10 up on the day today, %5 trailing stop on the rest or when the stoch (14,1,3) drops below the 80 line on the daily.

TNG

 

[LittleMac]

Made my first trade today using the system with very minimal shares. Wondering if I was correct to get into CECE this morning and if any of you more experienced traders did or did not, and what your reasoning was either way? Any info would help. Thanks

 

[thenewguy]

Quote from LittleMac:

Made my first trade today using the system with very minimal shares. Wondering if I was correct to get into CECE this morning and if any of you more experienced traders did or did not, and what your reasoning was either way? Any info would help. Thanks

I did not, because I didn't have it in DU yesterday, and it's not heading to FRV today according to my calculations (I run a modified version of the hershey system).

Hope it works out for you though!

Good trading,

TNG

 

[appletoast]

Quote from nkhoi:

BO for blue channel and cont. for pink channel. Both channels look ok, eventually you pick one that conform to the gau the most.

thanks nkhoi.

 

[Munck]

LittleMac,


I too got into CECE this morning (3000@11,76).
According to the beginners method, it was a setup "by the book" as far as I could tell. I am not what you would call experienced in these methods though

Lets see how it goes...

 

[Spydertrader]

Final Universe Deletions

GMKT MEH NCTY RATE

Current Final Universe

BTJ CECE CHDX CYNO DRYS FRG GROW GRRF IAAC IIG JADE JSDA LEND MTOX NFI NGA OMTR PRXI ROCM SNCR SYNL SYX TRCR

 

[appletoast]

JSDA

 

[Munck]

Yeah, JDSA was just after the book. Went in @15,42. FRV have been reached too

 

[thenewguy]

Quote from thenewguy:

Sold half when it hit %10 up on the day today, %5 trailing stop on the rest or when the stoch (14,1,3) drops below the 80 line on the daily.

TNG

Stock looks dried up to me, at least for now. Could continue on tommorrow, but I decided to book the profits and move on to something faster moving.

Made %14 on the second set of shares.

Thanks,

TNG