I have Low band Dry Up Volume for KNDL showing 44,431 shares. I show actual volume for KNDL exceeding this level at 12:32 PM Eastern Time - over an hour after our 11:30 AM cutoff. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=913259>
Hmmm... I must be really out of it this morning. I swear I saw it hit the lower band and scrambling to get into the trade while my 10 month old son screaming at the background. But Spydie, I posted the same question some time ago but did not get an answer. If the lower band got hit and the stochastics is not nearly 80, but later on the stochastics follows. Would that be a JH trade in your book? Thanks.
For me, all the planets need to line up accordingly. If they don't align at the appropriate time, then I pass on the trade. Other traders have posted in the Original Journal a different viewpoint. "Close enough is good enough" has worked for them in the past, and as a result, they employ a less strict requirement for trade entry. As a result, the decision to enter or stand aside remains one of personal choice. I recommend basing your decision on your personal risk tolerance and trading style. The reason I failed to answer this question previously stems from the fact that I answered it several times in the original Journal. I assumed you would have run across the previous discussion by now. I highly recommend a thorough review. Numerous experienced traders contributed valuable information to the many pages located there. - Spydertrader
Thanks. I have only done selective search for a few topics... I will have to read the whole thing because it introduces uncertainties such as this. No, I think having all the planets lining up makes sense to me so I don't have to glue to the screen all day. With all due respect, I don't know if I understand anything Jack said and why is he always throwing in words such as fractal. I am only interested in following your interpretations. Thanks again. Good trading.
That's odd. I had KNDL surpassing dry up (44,431) right around 11:30. Because of the late time, and the fact that MACD was trending down and Stochs weren't quite above 80, I passed on the trade.
Other traders have posted similar experiences when trying to interpret Jack's writings. He can definitely be a tough read. A few individuals have suggested they found it easier to read Jack after having reviewed my translations. After absorbing the information from the Original Journal, they were better prepared to translate Jack Hershey. You might find such a course of action similarly useful. - Spydertrader P.S. fractal = timeframe