Sold JSDA 21.86 + 5.7% Watching LEND skyrocketing to the moon , unfortunately without me edit: gee JSDA has still power, I sold it because I didn't like those spikes on the daily 16 and 18 May ...mmmm It was a 10% rocket!!!! stick to the sys, stick to the sys stick to the sys....
I haven't used a time stop since Journal I, but if you feel it wise to use one, exit by EOD. Better to use the trendlines in my opinion as Price might continue higher after forming a 'steeper' Point Three Trend. Of course, your mileage may vary. Nice trading today everyone. - Spydertrader
Hi to board denizens, I put in this request on another thread but perhaps this is a more appropriate place. Could anyone give a specific link(s) or prior post(s) which have the most detailed information available on the DOM indicator and the rationale/methodology for the Gaussian curve-fitting of volume. I have downloaded and/or read a large volume of material but would really appreciate what is considered by the practitioners of the Hershey method to be the most complete rendering of these two topics. TIA. lj
Comments I have made on Gaussians Jack's Gaussian explanation As to DOM, search using the usernames: grob109, Jack Hershey, bubba7 and Makosgu under DOM. I plan to introduce the DOM discussion into the Futures Journal next month. Plenty of Gaussian discussions already with that Journal as well. - Spydertrader
WOOF looks like it bounced off its right trendline and is now going on increasing black volume. Lets see what happens.
I usually sell at the close. But to tell you the true I only had to close a couple of trades this way. Speaking of GROW, you said FRV was reached on the first day. Was it reached the second day as well? I'm asking because if I remember correctly, you should check the FRV each day and act accordingly. Or did the rule change somewhere in Journal II - III ( I've already read them but I may have missed this point).
I found this in my notes from spyderT " We look for FRV levels on the first day we enter a long position in order to hold a position overnight. After the first day, we would like to see increasing volume on subsequent days. We exit after reaching Peak Volume Levels, or after 4 days, or when one of the other exit conditions exist." - Spydertrader He doesn't mention FRV for the following days, but he mentions increasing volume (which basically means you d like to reach +- FRV each day ). Someone wants to clarify the matter for us ? Is this a hard or a soft rule? Thanks