Spydertrader's Jack Hershey Equities Trading Journal III

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

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  1. I just added PTT to my FU

    Oops, $9... wtf
     
    #1431     Jun 6, 2007
  2. Ares1

    Ares1

    An FTT with a spike of volume - volume capitulation?
     
    #1432     Jun 6, 2007
  3. Ares1

    Ares1

    Monkman


    Registered: Oct 2006
    Posts: 66


    02-07-07 06:58 PM

    Attached is a chart of RMKR. It looks like a bull flag. Right now its holding the RTL on decreased vol. What we would like to see is an increase in vol to tell us which way this stock will run. Will it be a FTT, FBO, or BO? I will be buying on point 3 on heavy vol. If it traverses through the RTL instead of going up, then i'll look for a short instead. BTW the last vol bar is off. Having minor issues with IQFeed/Amibroker not sure which is causing the problem.

    - Monkman



    Attachment: feb7rmkr.png
    This has been downloaded 76 time(s).
    http://www.elitetrader.com/vb/attachment.php?s=&postid=1354112

    It seems like a lot of traders in here use point 3 of conventional charting instead of logical charting.

    Are we not suppose to use logical charting (traderuniverse video)instead of conventional charting?
     
    #1433     Jun 6, 2007
  4. bi9foot

    bi9foot

    Jack's methods involve using channels using points 1, 2 & 3. The logical charting was done by someone in the Tucson IBD group.
     
    #1434     Jun 6, 2007
  5. Ares1

    Ares1

    Thanks for the clarification bi9foot.

    We were scratching our heads earlier when we were reading the book by John T. Hershey and wondering why the points were different from the video.

    At least soon, we would be able to talk the same language.:)

    Ares
     
    #1435     Jun 6, 2007
  6. Is anyone able to view Camtasia videos when using a Vista operating system? I dual boot my computers and can get the video to work with XP SP2, but not with Vista. I have even had my tech support guys from my office look at it to no avail. Anyone have any luck?

    Oh, JSDA makes a tasty product, but this stock has proven to be my nemesis.

    JAC
     
    #1436     Jun 6, 2007
  7. nkhoi

    nkhoi

    #1437     Jun 7, 2007
  8. rickylc

    rickylc

    While it may seem crazy in this market, I'm long OMTR. Entered yesterday afternoon @ $17.35, still holding.

    Exitted PCCC today @ $11.89 for chump change.
     
    #1438     Jun 7, 2007
  9. I made nearly an identical trade with OMTR

    JAC
     
    #1439     Jun 7, 2007
  10. Did anyone take PSMT today? i had 970 shares of the 1670 shares traded in the morning.... pushed the stock up and got out with 670 bucks.... got out at 21.31.... but then the stock went up all the way to 23 :(
     
    #1440     Jun 7, 2007
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