Spydertrader's Jack Hershey Equities Trading Journal III
- Thread starter Spydertrader
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Im in the 600's pages of journal 2 reading it for my second time. Can an experienced trader please provide stocks in the FU they believe to have Bruno R setups for tomorrow. I am trying to see if I am following the guidelines correctly and trying to move along in my learning process. Second, does a stock have to be in DU the day before as another requirement for Bruno R. In essence are we only looking at stocks on the Watchlist for Bruno R setups? Im assuming no since this wouldnt lead to more stocks to trade. Any info would help, thanks.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1526111>
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1526112>
Most of the Final Universe Stocks either have already come out of the Bruno R Stage (too far along in the sequences), or simply fail to fit the exact criteria. However, SNYL comes the closest.
- Spydertrader
Hey spy I have a few questions about the Channels you drew on the SYNL chart.
I have attached my annotated for SYNL. My channels are different from yours.
I would have never thought to draw the slower paced orange channel that you had drawn. Looks to me like you used the pt3 of the blue channel in my chart as the new pt 1 when price walked out of the blue channel.
The question I have is regarding the B2B Gaussian you have drawn. The fourth bar from the end (purple arrow) looks like a flaw and the red bar (2nd from the end) is higher than the green bars around it. What was your thinking in drawing the B2B.
Secondly, we seem to have a B2B inside of the down orange channel. What are you anticipating here? Even if I had your orange channel, I would have drawn my gaussians R2B where you had B2B. (Just trying to find our what you saw that I did not see)
I am anticipating a pt3 non-dominant retrace to possibly form a wider and slower paced down channel.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1526603">
I have attached my annotated for SYNL. My channels are different from yours.
I would have never thought to draw the slower paced orange channel that you had drawn. Looks to me like you used the pt3 of the blue channel in my chart as the new pt 1 when price walked out of the blue channel.
The question I have is regarding the B2B Gaussian you have drawn. The fourth bar from the end (purple arrow) looks like a flaw and the red bar (2nd from the end) is higher than the green bars around it. What was your thinking in drawing the B2B.
Secondly, we seem to have a B2B inside of the down orange channel. What are you anticipating here? Even if I had your orange channel, I would have drawn my gaussians R2B where you had B2B. (Just trying to find our what you saw that I did not see)
I am anticipating a pt3 non-dominant retrace to possibly form a wider and slower paced down channel.
<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1526603">
While I may not have drawn things so they clearly state my thinking, I have the B2B drawn in as Price Leaves the steeper down channel and heads slightly higher (your arrow). We have a few intra-bar Gaussian shifts which take place among the last few bars. No way for me to really draw that in without dropping to a lower time frame.
No anticipation based on my last (increasing black) Gaussian. I see the last three bars (prior to today) as a LTR Traverse (almost pure lateral movement) which as we know from Futures results in continuation in the direction of the current traverse (down).
I hope that clears things up a bit.
- Spydertrader
Quick question on Bruno R as I am furthering my learning. A lot of ideas are out there, but Spydertrader what specifically do you do when you enter, do you use a 5 min 15 min 30 min chart to watcdh for MACD crossover into the positive? Or do you just monitor MACD on the daily charts and not break down to a smaller fractal for entry?
I am looking for input on a choice of softwareâ¦
I have decided to change my software to acquire scripting and back-testing functions. Primary consideration has been AmiBroker, with IQFeed and MBTrading. I also considered TradeStation, and lately, I was surprised to discover I have been leaning towards TradeStation (providing all 3: software, data feed, and brokerage). It is my impression that as long as I am learning new software and a new language, TS EasyLanguage is a bit easier to learn. The monthly fees are actually less with TS (as long as I continue to trade at my current rate so the platform, i.e. software, is free). TS also now claims historical fundamentals which may help back-testing.
Iâve been crawling through Wealth-Lab scripts, AmiBroker scripts, and has collected snippets of TS code, many thanks to folks here. Studying these helps my learning curve no matter which language I end up using.
First application is the Hershey Equities method. Once that part is running smoothly, I intend to study the futures strategies. I currently use QuoteTracker and manually execute trades based on visual interpretation and a few alerts.
Any comments, critiques, or rotten tomatoes? I am ready, bring it on!
I have decided to change my software to acquire scripting and back-testing functions. Primary consideration has been AmiBroker, with IQFeed and MBTrading. I also considered TradeStation, and lately, I was surprised to discover I have been leaning towards TradeStation (providing all 3: software, data feed, and brokerage). It is my impression that as long as I am learning new software and a new language, TS EasyLanguage is a bit easier to learn. The monthly fees are actually less with TS (as long as I continue to trade at my current rate so the platform, i.e. software, is free). TS also now claims historical fundamentals which may help back-testing.
Iâve been crawling through Wealth-Lab scripts, AmiBroker scripts, and has collected snippets of TS code, many thanks to folks here. Studying these helps my learning curve no matter which language I end up using.
First application is the Hershey Equities method. Once that part is running smoothly, I intend to study the futures strategies. I currently use QuoteTracker and manually execute trades based on visual interpretation and a few alerts.
Any comments, critiques, or rotten tomatoes? I am ready, bring it on!
I don't use indicators anymore, and haven't for quite some time. However, gooch87 used to perform very well by dropping down to the five minute fractal when trading these stocks. Perhaps, a review of his posts will shed some light on his methods.
- Spydertrader
Yea I understand, I've read many of Gooch's post and I know you trade futures now, was just wondering what were you doing at the time. Also, according to Jack's Bruno R post it says a criteria the day before is that it is at its least ambient level which leads me to believe Bruno R setups have to follow the criteria of being in Dry Up the day before. But other posts seem to indicate otherwise. Is this correct or is Bruno R independent of DU levels from the prior day.... as long as the technicals are in the desired zone. Any info appreciated, thanks.
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