Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from nicepair111:

Anybody have any comments or suggestions? Was this a stupid trade or just a stupid exit? Or is this just something that happens to everybody sometimes? [/B]
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I can't comment on your entry as I'm just begining to learn the Hershey methods myself. As for exits, I've been trying to incorporate what I've learned about support lines to help aid my exit decisions. Perhaps this will be helpful to you. Two support lines pop out at me (see attached charts) that just so happen to intersect with each other. A close below this line(s) would tell you that support had been broken and might be a sign to exit. You can see on the 30 minute chart that SNCR held on support fairly well. Of course it's easy to see these things after the fact.
 

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Very frustrated to this point. Got into CECE at 9:50ish on LBDU signal and again it has done the exact same thing that I have seen with many of the trades signalled by the beginner methods. Immediately after entry it pulls back almost entirely to a point where I have to decide if Im willing to risk more than 2% loss. Seemed like a BO of the RTL on the 30 min chart as well as a BO from a channel ont he daily. Did anyone else see differently?? Any thoughts would be appreciated.
 
Quote from LittleMac:

Very frustrated to this point. Got into CECE at 9:50ish on LBDU signal and again it has done the exact same thing that I have seen with many of the trades signalled by the beginner methods. Immediately after entry it pulls back almost entirely to a point where I have to decide if Im willing to risk more than 2% loss. Seemed like a BO of the RTL on the 30 min chart as well as a BO from a channel ont he daily. Did anyone else see differently?? Any thoughts would be appreciated.
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I didn't have CECE on my Final Universe list - I think that I took it off because average volume was too low. Having said that, it looked like it gave a valid signal. The only problem I see is that it looks like it's moving in a range on the daily chart. It's tried twice to break over the high of 13.28 set back on June 4 - once on July 12th and again two days ago. On thursday when it tried to move over, it broke over 13.28 just slightly and then immediately fell back down suggesting that this is a strong resistance point that should be watched carefully. Currently it doens't look too strong - volume is fading away as it did on thursday. There's a small area of support around 12.70 where it might decide to hold at - hard to say.
 
LittleMac,


When you use LBDU as a indicator, you tend you get a lot more signals (hence also a lot more false ones) than if you were using just DU. Because of that I switched to using the DU value myself.
 
Quote from Munck:

LittleMac,


When you use LBDU as a indicator, you tend you get a lot more signals (hence also a lot more false ones) than if you were using just DU. Because of that I switched to using the DU value myself.
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You use DU by 11:30, is this correct?
 
Hi to all,

A general question: Does anyone know if the July portion of the syllabus has been posted yet. Me can't find it.

05-31-07 06:55 PM
The Syllabus

January 1 - ES Chart: Price, Volume, Channels and the FTT
February 1 - YM Chart: The YM leads the ES?
March 1 - Gaussians and PV
April 1 - STR / SQU (Stretch - Squeeze)
May 1 - Fundamentals Review
June 1 - DOM (Depth of Market) / Time and Sales
July 1 - TIC Charts and Two Pairs
Aug 1 - Flaws Summary
Sept 1 - Additional Signals for Change
Oct 1 - Putting it all together
Nov 1 - Real Time Video Example Trades
Dec 1 - Dec 20 - Final Exam

TIA.

lj
 
Quote from LittleMac:

You use DU by 11:30, is this correct?
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Well, right now I'm using 11:00, but I'm looking into other options, 11:30 being one of them. I believe Spyder changed from 11:00 to 11:30 when he started with the LBDU stuff. I'm very interested if anyone has done some analysis/statistics about which time equels the lowest amount of risk. My plan is to use margin later on, so risk is of somewhat importance to me :)
 
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