I sold all my shares of TRLG this morning when price appreaded to have difficulty remaining above a resistance point. This week long trade garnered a profit of .55 cents per share. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1056246>
Hi chapper, stayed out of the trade due to a block trade of 13418 shares... waiting a little longer with this one...
I am took a small position in BTUI at 20.90, it was on the right side of the channel on my 2-day chart, I may add more....
dxpe rocked.Could someone post DKMs bear market trades,please?Or tell me why I can't enter the msn site?
When asked for assistance, you refused. While withholding information remains your personal choice, one does often reap what they sow. After spurning requests for help and to provide clarification, it should come as no surprise, that those to whom you refused to provide a helping hand, now care not to aid you in your quest for information. I suggest you seek assistance elsewhere. With respect to your inability to obtain the aforementioned documents on your own accord, Karma appears to provide an appropriate explanation for your difficulties. - Spydertrader
I wanted to thank the Hershey folks and Spyder for making the latest material available. I read numerous books authored by experienced successfull traders and they all expressed fustrations in trying to teach the 90% of the unsuccessful traders how to trade ( I am included in this 90% ). Unsuccessful traders have many false assumptions about the market. I have several points/interpretation that I would like to get comments on. 1) In the document he mentions channel annotation on three different levels ( p. 2 ) I am assuming weekly, daily and 30 minutes? 2) From a pennant formation of short duration he mentions that you have about 2 lousy day window for a hershey triggered trade (p.27). I am assuming he means that within 2 days of this formation the probability of a successful trade within his framework are the highest? 3) His comments concerning the cash future markets vs the indexes I assumed is mainly for trading of futures and has very little trend estimate value of the overall markets. More simply put this info has very little value trading this journal's stock system.
Once Jack has the three web sites operational, these files (and others) will be available from one location. Until then, I plan to continue to upload any large files onto my web site. Look for additional updates within this Journal when as I receive additional files. I have found it helpful to 'forget' what one thinks they know about the markets before attempting to learn Jack's Methods. After completing the internalization process, tapping one's previous experience provides an improved opportunity for profit. During the learning process, one's experience or previous assumptions often prevent assimilation of these new (and sometimes counter intuitive) techniques. Gladly. Yes. Jack recommends chart annotation on all three fractals (Weekly. Daily & 30 minute) in order to assist the new trader in 'seeing' where the market might head next. Correct. Correct. Jack often talks about pennants and 'cup-n-handle' formations in his older documents. Correct. Jack has often recommended learning to trade his Futures Methods as a means to improve profits. MAK has developed an excel sheet in the "Question for Grob / Hershey" Thread which aids the trader in 'seeing' the "Stretch / Squeeze" in action. However, the level at which the cash and futures markets offset doesn't provide much assistance to the equities trader. I do not follow it for my trading. If by "this info" you mean Jack initial comments concerning the cash future markets vs the indexes, then yes, this information refers to futures trading and not equities. - Spydertrader