Are you behind a firewall? Please answer my question! I must exclude possible reasons. If yes, you should configure your proxy in menu Window->Preferences->Install/Update and click "Apply" button. You must do the setting although already set for your browser. In your screenshots you update only financial data. In order to see historical data, you must update quotes! In your screenshots you select only one symbol, you'd better select a symbol group. But this is not the problem. -qx04790
Spydertrader, so have you reached a point where you just make picks by eyeballing the charts with the "Hershey Posting Chartscript 3.0" chartscript every night? Or do you also do the usual dry up and bruno r scans? I'm finding that the scans haven't resulted in many trades for a while now. I'm thinking that I'm too focused on rigid rules and I'm missing out on the spirit of the framework which would give me more trades without really increasing risk.
Hello qx04790! First of all, thanks A LOT for your programm, it's a really neat tool. As someone other poster here also seams to sit behind a firewall, I just wanted to inform you (and others) about something I noticed. After adding the proxy address and port in the preference menu, the program worked fine, but the problem is, that it seems to forget these information at the next startup. Meaning, that when I start it again and go to updata financial data, nothing happens and it times out. What I then have to do is open the preferences and move to "install/update" section. When I get there the proxy data are still there (luckily I don't need to re-enter them) and when I press OK now, the programm works fine again until the next startup. Otherwise everything seems to work problem free. Kind regards RXT
Yes. I am behind the firewall. I set the proxy and the problem solved. Thank you so much. The program is great and enables me to better understand the methodology. And by the way, thanks for Spydertrader's for bringing such a wonderful journal. It really means a lot to beginners as me.
Curious how you would clasify this setup between Bruno-R and Rocket. I'd be more inclined to call it a Bruno-R I guess...
I think that the failing with MIKR is the volume. Here are the volumes for dryup for MIKR. Upper Band = 90,949 Average DU = 60,689 Lower Band = 30,429 FRV = 182,067 Peak = 364,134 Yesterday it was not close to FRV, nor does it look like it will achieve it today (as I write this it is currently at 108,000). In my limited experience you would like to see better volume with the Bruno-R & Rocket setups. So it may not be a Bruno-R or Rocket at this point. Please correct me if I am incorrect. I hope this helps.
I used the "Hershey Posting Chartscript 3.0" to post the BTUI chart as it provides the 'cleanest' version of a Wealth-Lab Developer chart - free of lines, squiggles, channels, shading and other things that assist everyone in determining when (or when not) to trade. However, over time, everyone should get to a place where they simply 'see' where price plans to head next. I do realize posting such a statement on ET opens me up for a great deal of criticism. Suggesting anyone has the ability to forecast future price levels with any degree of accuracy is akin to suggesting the sun plans to rise in the west tomorrow morning. Fortunately, with time, hard work, experience and some effort the puzzle pieces really do begin to fit together. Almost as if you wiped away the dirt from a pair of mud covered sunglasses, for the first time, you begin to see things differently - more clearly in fact than ever before. The big picture comes into focus and you have another one of those Aha! moments. Journal one focuses almost entirely on a 'beginner' method for equities. This beginner method suits the new trader as it provides high probability for success using specific entry and exit rules. In short, enter late and exit early to make money fast. By focusing on the MACD Histogram and Stochastic Indicators in the Beginner Methods of Journal One, a new trader trains the mind's eye to look for specific sequences of indicator set ups in an effort to obtain a greater and greater percentage of the overall move in price. At this point, we move to Journal Two and see how using 'Bruno R', Rockets, High Noon Hold and other indicator levels can provide opportunity for significantly greater levels of profits. However, such high levels of profit potential comes with added risk. As one moves along the continuum from beginner to intermediate and advanced levels of trading, one sees the potential for a stock to 'breakout' from any point along the 'natural cycle,' and as such, one sees opportunity everywhere one looks. They key at the advanced levels changes from seeking stocks to make profit to choosing the fastest way to profit among the opportunities presented each and every day. In an effort to motivate individuals to move beyond their comfort zone and seek higher returns, Jack posted his "Too Long" document describing the use of second derivatives for trading each and every day. Because these intermediate and advanced trading methods have added risk, a new trader must have a strong foundation built from the methods outlined in Journals One (and the beginning of Journal Two) in order to 'see' when the strict rules apply, and when they do not. In other words, through repetition and following a rigid outline of rule sets from Journal One, those who build a strong foundation upon the methodologies described have unconsciously (or subconsciously) trained their mind to 'see' things others do not. Those individuals who have the ability to look at a chart and 'know' the direction in advance can relate to these words. If anyone hasn't found the ability to do so just yet, don't worry. If you followed the advice given over and over again about reading through the Journals, then it is only a matter of time. Assuming, you've already put in the effort, and didn't attempt to 'shortcut' your way to success, then you'll get to the point where you just seem to know in advance. After that point in time, you know you have it. Lets look at the context of where the market finds itself right now. Geopolitical risk from the Middle East, an upcoming election, High oil Prices, negative sentiment and the end of summer have resulted in significant indecision in the marketplace. Low volatility levels have many people complaining about the difficulty in extracting money from the market. Use this time to your advantage. Rather than having concerns over the lack of tradeable signals, use the current environment as an opportunity to review fundamentals, review Journal posts or study the charts. Notice what happens when certain indicators line up a certain way. Continue to study the PVAD relationship, and over time, how you see trends starting and stopping within a price channel. These fundamental building blocks of the Hershey System find usefulness each day either trading equities or when trading the Index Futures. Whichever path you choose, you'll need a strong foundation to make money. I encourage everyone to make sure they take the time to insure their own success. I hope you find the above information useful. - Spydertrader