Spydertrader's Jack Hershey Equities Trading Journal III

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Quote from mark1:

Front volume and back volume :eek:

What does that mean?
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mark1,

Knowing what the implied volatility (IV) is for the front and back months can tell you things.... Look at the positive skew for JADE. I can tell you earning (or some other big news) is coming without having to go to earnings.com.
 

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Quote from WGTrader:

mark1,

Knowing what the implied volatility (IV) is for the front and back months can tell you things.... Look at the positive skew for JADE. I can tell you earning (or some other big news) is coming without having to go to earnings.com.
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mmm I see, interesting. I guess it's time to open that book about options, bought it and never took the time to read it. :p

Thanks for sharing !
 
Quote from CDNPatriot:

MACD (5,13,6) is a recommended setting. What do those numbers represent? I'm trying to script an automated trading script for wealth lab.
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Moving Average Convergence Divergence (MACD)

A trend-following momentum indicator that shows the relationship between two moving averages of prices. In Jack Hershey Equities Trading method the MACD is calculated by subtracting the 5-period exponential moving average (EMA) from the 13-period EMA. A 6-period EMA of the MACD, called the "signal line", is then used as a trigger to satisfy one of the conditions for buy signals.
The MACD histogram illustrates the difference between the MACD line and the trigger line (the signal line). This difference is then plotted on a chart in the form of a histogram.

When the histogram is > 0 we have met one of the conditions for a buy signal
 
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