Spydertrader's Jack Hershey Equities Trading Journal III

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

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  1. Did anyone trade GROW? Can an experienced Hershey follower please give insight into how they dealt with it. It hit FRV at like 1ish today and all the criteria seemed to be there.
     
    #1481     Jun 19, 2007
  2. Munck

    Munck

    LittleMac,


    I traded GROW. I did, however, get in rather late (11 AM today), so I missed the first +8%.

    I did, however, get in FRG in time for the big "bang" :D <--- my first real success using these methods.

    Disclaimer: I'm still using the beginners methods.

    When Avg. DU was reached at 11 PM, I checked for a positive MACD and Stochastic > 80 on a 30min chart. FRG and GROW both satisfied these requirements.

    I working on learning the more advanced methods.
     
    #1482     Jun 19, 2007
  3. Munck,

    What numbers were you using for the Average DU volume(which had to be reached by 11a.m.) on GROW and FRG? According to my charts there wasnt Avg DU reached on GROW. Wondering in case I have some discrepancies with my charts, and/or the chartscript I am using. You use Hershey Equities Chartscript 4.2 for the DU numbers?
     
    #1483     Jun 19, 2007
  4. These came from the WealthLab scripts, if that helps...
    LBDU=267325 ADU=533157 FRV=1599472 PeakV=3198944
     
    #1484     Jun 19, 2007
  5. Munck

    Munck

    Littlemac,


    Yes, I'm using the Chartscript ver. 4.2. Both FRG and GROW made Avg. DU at 11pm
     
    #1485     Jun 19, 2007
  6. Munck,

    You're right I was looking at the 6/18 data which was way short of average DU for the day. I feel like a J-Ass. I actually sat there for twenty minutes staring at the 6/18 morning data wondering how I was missing it. Guess its good to get the real dumb mistakes out of the way right off the bat.
     
    #1486     Jun 19, 2007
  7. Would someone smart on channels check this chart -- Im not sure if Im spinning my wheels. Thanks
     
    #1487     Jun 20, 2007
  8. In above chart, Im not sure I identify Points 1-3 properly as the price traverses through dominant trend..
     
    #1488     Jun 20, 2007
  9. looks good to me -

    1 and 3 on the right side always, and you've got that.

    just add a volatility expansion line for yesterday and it looks great
     
    #1489     Jun 20, 2007
  10. JADE filed a 6 K today and will probably release earnings tommorrow.

    JAC
     
    #1490     Jun 20, 2007
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