Spydertrader's Jack Hershey Futures Trading Journal

after I enter I usually see a steeper channel in the same dominant trend. The question is should I hold for exit at BO of the old channel or exit at BO of the new and steeper channel that I just draw.

 

Damn, I missed yesterday’s session. I had some other matters and came at the close of market.

I came to follow this method a bit late – at the end of January. I advanced nicely until last week when I also started sim. account – I wanted to learn new software at the same time. As it turns out it was a big mistake. I came to a complete mental stop, Gaussian was suddenly unreadable to me, RT PRV was a mess, and every turn of the market was a FTT and half a minute later a WTF.

It looks my basics are not really sinking in, so I started from scratch again. After reading Jacks CFBW again and watching video by bundlemaker, I'm now back at drawing channels in RT and identifying FTT (not drawing anything until next bar closes ), then step by step – again. Until everything sinks in.

 

as you see I have 3 steeper channels, do I draw too much?

 

ES chart for the morning

 

Something is baffling me.
I tried the prv.xls last Friday. It was working fine.
But for the past 2 days, the xls was eating up >50% of the CPU capacity, pushing my total CPU to 100% most of the time.
Does anyone of you experience the same thing?

 

Yep, me. I cannot get it to work. I also get some strange MYid.exe error (on different PC's BTW).

regards,
Ivo

 

ES chart for the morning

 

If it's IB, cut back on the refresh rate to every 2 seconds...

 

Spyder,

You want to know how we're doing? At this point, I feel comfortable drawing in the channels in RT (tape, pt 3, channel, repeat!). I'm getting better at identifying the volume gaussians, but I'd say that's where I need more practice. Otherwise, I've very pleased with my own progress and the pace of the class at this point.

When I first say the syllabus, I thought it was kind of slow, but now I realize that it's a lot to cover. I am not doing any real futures trading, or even with a paper account yet. I could see that as soon as I do that, I'll be fixated on the P&L. I don't want to go there until I can annotate and interpret the charts in my sleep! I do keep a daily log however.

Thanks for all your hard work and the hard work of others.

Bill

 

First, Thank you Spyder, Mak, Jack, and all the others who have helped me learn more about the market in months then all the books, trading, and work I have done before. I really apprecate it.