Spydertrader's Jack Hershey Equities Trading Journal III

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TRA - bought 2 days ago - 29.60

Nuttin' but a retrace today, sold 30.57

+3.2%

Today-

Buy JRJC - 36.91
Buy ICOC- 14.29

TBSI looks great, congrats
 
Looks ok so far if you're using indicators. If your chart is different, go ahead and post it. Don't worry about the price and volume looking weird on mine, Quotetracker continuosly updates the price during the after hours for its' historical charts. I think, cuz it doesn't always match the morning prices, etc. Go figure....

Also for tomorrow -

AZZ - fast stoch cross today, but has volume "issues". And I like the name.....
BTJ- 3 day lateral to "widen" the channel, plus good 30 minute chart EOD
JADE - cuz I always watch it
MALL- "iceberg", pulled back on lower volume today, might need another "pullback" day
SFLY- another "iceberg", has 2 days of low volume pullback
SOLF- looks good, would have been a good buy today, but still appears to have more room to go
 

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Quote from Haroki:


R2R - that's the way I see it.I'm not aware of any "rules" about how your gaussians "need" to be formed. I saw dec black for 2 days, inc red for 2 days, then dec red for 4 days, then inc black for 3 days. So that's how I wrote it.
Go get 'em....
More...

Haroki, this is not a R2R. A R2R must have decreasing red volume followed by increasing red volume. The whole point of the R2R is to show a change in the dominant trend (from up to down in this case.) Often times you can see the R2R forming before the price breaks out of the RTL of the up channel which obviously creates and opportunity to profit. The same thing goes for a B2B. Thats why its so important to get your gaussians right, so that you can accurately anticipate what the price will, or as spydertrader would say, "must do next."

I realize that sometimes eyeballing the gaussians can be deceiving and the gausian patterns dont appear to agree with the "rules" or the movement of the price inside the channel. In your FMCN chart, I would have drawn that as simply increasing black, decreasing red, and anticipated more increasing black volume based on the 1 bar of higher black volume that had already occurred. Notice here that the price didn't BO of the up channel and instead BO of your down channel. Thats exactly what you would have anticipated had you drawn in the gaussians correctly.

I think its important to understand gaussians as they are truly the backbone to this entire trading methodology and beig able to correctly identify them unlocks the true profit potential that it has to offer. Gausians truly provided me with the "aha" moment that others always talk about.
 
Yes, I agree it's not a R2R, I never said it was. I used the R2R as a caption to let the poster know that I was answering his Q.

To annotate as you said makes good sense also - just ignore the 2 spike bars.

But I believe I've seen Spyder label similar sequences as R2R2B. This more closely matches what I'm seeing "now", which granted, is EOD.

So to explain, what I "saw" was a huge gap up on huge volume, followed by 2 more days of inc price with dec volume - bar to bar. To clarify, this highest bar should ideally be labelled as a Gaus shift, probably midday, but I wouldn't know how to label that. Then 1 big volume spike and a move down, following the Gaus shift of the previous day, like it wanted to fill the gap, but when we look at the "tail" on the candle, I can see that the gap fill was repelled. Then 4 more days of dec price on dec volume, with 1 attempt at a move up which gave me my pt3 for the red channel, telling me that the down move was petering out. Then Friday's bar - price went up on inc volume than the previous day. This is when I drew in the black channel and got my pt3.

So in the last sequence "I" saw dec red - inc black, and "we" ended up with the same conclusion. Maybe that's too much?
 
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