Spydertrader's Jack Hershey Futures Trading Journal

I read it...but I will read it again...

thx...

 

Mike, I like your charts a lot. Thank you.

Ivo

 

welcome back spydertrader!!!

I hope you had a great time in DR, where in Punta Cana did you stay at? The Riu?

 

Hi Spyder,

Am I correct when I see you have your last FTT and point 2 on one line? How is this possible? And where do you see R to R meaning where do you see the first red?

regards,
Ivo

 

ivo-

thanks on the charts.

I think spyder mismarked pt 2 and pt 3 on his last channel.

The FTT arrow looks to be before the 'pt 2' which should be pt 3.

-Mike

 

And it's not just reading but also understanding and doing.

regards,
Ivo

 

The FTT's represent the Blue / Green up channel - where I have the red Point One marked (15:30 bar). The red channel is a 'tape' which grew into a channel, and yes, I put the numbers on the wrong bars. I apologize for the confusion. Points 1 and 2 should be on the same bar with Point Three forming where I incorrectly placed Point Two on my chart.

From the High of the 15:25 bar to when Price Breaks the price channel is where we have the R2R transition. Depending on how one had their up channel drawn in, the increasing red occurred at the time Price left the up channel.

I hope that provided some clarity.

- Spydertrader

 

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Fantastic Time. We stayed at The Grand paradise Bavaro.

- Spydertrader

 

Thank you very much. It is clear now. I seemed I did not put much emphasis on the green channel (although I had it drawn in). Should have watched that one closer because it is very important.

regards,
Ivo