Rod Do you use Jack's fundamental screening? Why a 7,3 stoch? When you say the stoch needs to be below 50, are you saying that as long as it is any number below 50, you will buy? What if it is sub 20 and it stays there for a while? Can you give us your full buy and sell criteria? Finally, how has your results faired thus far? Thanks very much in advance. Take care.
Hi JC Long time, no hear. How have you been? I don't see your posts along side Laziz's any more. Have you stopped trading the ES? It looks like the JH Paltalk room simply vanished. I wonder how JH and Terry doing. Take care
I began this journal hoping to improve upon the results I had experienced, and to a large extent, the contributions made by everyone to this thread have enabled me to accomplish that goal. Always looking to improve, I look forward to your description of how you arrived at your watch list. I assume we have entirely different methods for creating our watch lists. In addition, I use the settings recommended by Jack Hershey for the Stochastic Indicator. Feel free to share your stock screening criteria, as well as, your entry and exit criteria. I feel most would find that information helpful. DKM provided helpful advice when he suggested I use pro-rata volume for trade signals. I had forgotten about Jack using pro-rata calculations with his trades until DKM's reminder. Since the addition of using pro-rata volume to signal possible trades, I have been able to enter into a trade earlier, and as a result, capture a greater percentage of the move. However, in regards to using a Stochastic Indicator above 75, it comes down to managing risk. While I seek to improve my profits, I don't wish to do so at the expense of increased risk. In addition, Nwbprop suggested using trendline analysis to prevent entering a trade at the top of the move (incorrect side of the channel). As a result, my risk associated with any one trade remains low. - Spydertrader
Sevens - Ones - Zeros VIVO - MTEX - PETD HUM - PMTI - URBN RDWR - EPIC - HANS MAD - DPTR - CIB IRS - NAVR - MRVL SONO - SFCC - KFRC MDRX - DECK - TKC EAGL - SHFL - SINA NTAP - CREE - UTHR ULCM - ALDN - PHS Hotlist ALDN NAVR HANS PMTI PETD SINA Watch List IDSA - Du Cycle ESMC - Du Cycle - Du5 LWAY - Du Cycle - Du5 - Du10 ANIK - Du Cycle - Du5 - Du10 HRT - Du Cycle - Du5 - Du10 NAVR - Du Cycle ENWV - Du Cycle BAMM - Du Cycle NVEC - Du Cycle - Du5 LSCP - Du Cycle LIFC - Du Cycle SRVZ Wealth Lab Equations - Dry Up BAMM ENWV LIFC VSEC G33M4K Score for the above Stocks BAMM - 7 ENWV - 5 LIFC - 7 VSEC - 6 Gallas2 "Keep an Eye on These" Stocks IDSY (Attached) (VSEC, IDSA, HRT, LWAY, NVEC & NGPS have float outside normal parameters)
Things have been great, especially with the holidays around. Thanks for asking. How have you been? I have stopped trading the ES on the 2 min and 5 min fractal. It never quite clicked and I got too frustrated with the lack of progress. I havent spoken to either of them since Jack stopped posting in ET. I hope they are doing well.
While your MACD sais 5,13,6 , It looks very different than mine. Are you using an exponential or simple moving average for the calculations?
Knowing Jack's health issues over the past two years, I hope he simply needed to take a rest from his prolific level of posting. I received a PM from him maybe a month ago indicating he had been following the Journal, and planned to "stop by from time to time." I too hope all is well with both of them. The Wealth Lab Charts I post use an EMA for the MACD Histogram calculations. I apologize for any confusion. - Spydertrader
Svrz and Spydertrader I posed a question and thought both of your replies a little antagonistic. Why would I post my full screening criteria and exact entry criteria? While I 'love' everyone it is in noone's best interests if we all buy EXACTLY the same stocks at exactly the same day. That would clearly push the price up when we are trying to enter, particularly on some of the smaller issues, and assuming information spreads exponentially to other traders, and several of us would then have to find a new system. Anyway - I wrote about ENTRIES - not screening criteria at all. I dont know where your screening questions came from. I enter, on a screened stock, when the stochastic is less than 50, but the SMA3 has turned up (increases chance I get in after price has turned back up) and only if EMA21, and EMA45 are rising. I also check volume - only enter if in dry-up, or increasing volume with higher price.
I apologize for that impression. I certainly meant no disrespect, nor did I intend to respond in any antagonistic way toward your questions. For the same reasons others in this thread (including myself) have posted their methods here: Through collaborative 'iterative refinement,' one can find improvements to their methods. The contributions made to this Journal by numerous individuals have provided an added benefit to the entire group. I submit that we already have a large number of individuals buying the exact same stocks on the exact same day as we buy them causing the price and volume to increase. CANSLIM, a highly publicized method for picking stocks, publishes several news letters (several times a day) and emails their recommendations to their subscribers. Often, the same stocks we look to purchase have been recommended buy the employees of William O'Neil and the http://www.CANSLIM.net web site. In addition, we use accumulation / distribution to determine a 'score' for each stock. By definition, individuals accumulating the stock are buying. This is the age old discussion regarding sharing of methods. We will have to agree to disagree on this point. I believe that there is nothing new in trading. The same methods used today were being used decades ago. Jack developed this system in the 1950's. The candlestick charts used by so many were developed by the chinese to trade rice thousands of years ago. Today, we have computers to increase the speed in which we perform our calculations. I asked the 'screening questions' in an effort to better understand your point of view. You clearly state a difference in using The Stochastic Indicator Settings, yet use terminology indicating you use a variant of the Hershey Methodology. As Jack would describe, I attempted to "go where the trader is" in order to better understand your methods as well as mindset. It is difficult to respond to questions without understanding the mindset of the individual posing the questions. Based on this last part of your post, it appears you have significantly different entry criteria than The Hershey Equities Method suggests. I do not mean to imply there is anything wrong with having a different set of criteria. I simply wish to point out that until you posted this last statement, we had no way of knowing how different your set of criteria were. If your screening and selection criteria vary as greatly as your entry criteria, well then, you trade an entirely different system than discussed here. Again, nothing wrong with that. Our mindset when answering your questions simply resides in a different place than yours, and our answers may not apply to your methods. Again, I meant no disrespect or antagonism toward you, and I apologize if you received that impression. If you derive any benefit (however small) from reading these pages, then I am happy to have made the effort to assist. - Spydertrader