Spydertrader's Jack Hershey Equities Trading Journal III

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Thanks for the replies. Looks like some great study material in conjunction with the laurence connors book. The book will arrive this week and I look forward to sharing my discoveries.

For now, My preliminary thought process is to look for range contraction in high beta stocks and then have BOs of pennants that look good. this is just a summary but I will know how it goes.

Thanks again.


jc
 
Quote from tradingbug:

Thanks for the replies. Looks like some great study material in conjunction with the laurence connors book. The book will arrive this week and I look forward to sharing my discoveries.

For now, My preliminary thought process is to look for range contraction in high beta stocks and then have BOs of pennants that look good. this is just a summary but I will know how it goes.

Thanks again.


jc
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Looking forward to your discoveries tradingbug!:D
 
Quote from Spydertrader:

I mentally calculate it, but Quotetracker provides a very nice PRV tool for free.

- Spydertrader
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Ya I use Pr0crast's PRV, its works really nicely. Although, lately I have been practicing with Ensign, and I found it difficult to mentally PRV the bars. Do you use a stop watch? Wait till 50% of the time is up to estimate? If you could elaborate on how you think through your mental PRV it would help a lot.

Thanks,
- Monkman
 
Quote from Monkman:

Ya I use Pr0crast's PRV, its works really nicely. Although, lately I have been practicing with Ensign, and I found it difficult to mentally PRV the bars. Do you use a stop watch? Wait till 50% of the time is up to estimate? If you could elaborate on how you think through your mental PRV it would help a lot.

Thanks,
- Monkman
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Bundlemaker posted PRV template for ensign way back, search on the future's journal, if not pm me with your e-mail I will forward it you!:D
 
Quote from thenewguy:

Since I learned so much....
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Here's an update on that trade. I think tomorrow if all goes well it may hit my RTL, at which point I'm going to take half off. The calls are trading at 17.00 right now, which is a nice profit from my entry. I think this stock has legs still, if the market stays like this so I will keep half until my secondary target is hit.

As always, all comments welcome!

TNG


<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1617239">
 

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I guess you wanted to write LTL ... How have you determined the position of the left trend line of your widest channel?
Quote from thenewguy:

Here's an update on that trade. I think tomorrow if all goes well it may hit my RTL, at which point I'm going to take half off. The calls are trading at 17.00 right now, which is a nice profit from my entry. I think this stock has legs still, if the market stays like this so I will keep half until my secondary target is hit.

As always, all comments welcome!

TNG
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Quote from cnms2:

I guess you wanted to write LTL ... How have you determined the position of the left trend line of your widest channel?
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Man, you are fast AND have a great eye... :p

Yes, the LTL of the widest channel on that chart. DRYS has been moving so much that I was tired of VE'ing it and I just moved it up to where it would be if the price hit the LTL of the IT channel today. On my charts it's back to where it should be, now that today has closed.

Thanks for your input as always!

TNG
 
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