Spydertrader's Jack Hershey Futures Trading Journal

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

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  1. My typical trading day annotated with time of trades and thoughts. I am not quite lost but I have a tendency of overtrading and over thinking.

    I got the date right this time.
    :D
     
    #3311     May 1, 2007
  2. nkhoi

    nkhoi

    is this a stall or the first part of R2R seq?
    [​IMG]
     
    #3312     May 1, 2007
  3. It's an FTT on one end and an FBO on the other end.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1453450>
     
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    #3313     May 1, 2007
  4. Razor

    Razor

    #3314     May 1, 2007
  5. Both channels in the first link represent FTT's. It doesn't matter how many times Price bounces off the left trendline, we still have an FTT.

    Yes, the yellow channel had an FTT as you have marked it.

    - Spydertrader
     
    #3315     May 1, 2007
  6. Razor

    Razor

    Cheers :D



     
    #3316     May 1, 2007
  7. dkm

    dkm

    ES 1 May 07

    One trade L 14:20 @ 89, exit 14:42 @ 92.50

    Today included several good examples of why I struggle to identify each new pt 3. Wide traverses with sub-traverses within them resulted in several channels being widened to match the gaussians and even this was rather subjective. I have noted two instances where black prv kicked in well after the suspected pt 3, only to reverse within the bar. If I could identify a pt3 more reliably then I suspect many of the small losses could be avoided.
     
    #3317     May 1, 2007
  8. At the start of this journal I was having real trouble with Gaussian formations. (Not that I am an expert now but I am getting better.) What really helped me was distinguishing between the forest and the trees. One day in desperation, I started drawing the forest lines in big thick lines and insisting that they match up with the price formation on the forest level. As the day went by, I also drew in the finer levels in thin lines. Again, I made sure that they absolutely matched the corresponding lines on the price chart.

    A few days of this really helped me see the big picture better and understand the real essense of this. I am attaching a chart I did couple of weeks ago. While it looks very confusing at first glance, I made this special emphisis on the forest gaussians which really helped me.
     
    #3318     May 1, 2007
  9. pct

    pct

    Spydertrader,

    ( or whomever feels qualified to answer)

    I have a question in regards today's chart and proper labelling. I am unsure if I am labelling the gaussian cycles properly. The area in question on my chart marked by the green vertical lines from 11:20--11:35. The 11:20 bar made a new high and finished lower on vol of 23.7k. The 11:30 bar finished higher on vol of 19.5k. The 11:35 bar made a new high by 2 ticks and was met with selling. Volume was 22.8.. It appeared to me that price was advancing as red volume was increasing. Have I mislabelled my gaussian cycle as R2R ? Does the peak/low in price have to correspond with the peak/low of the gaussian cycle? I have placed an alternate labelling above the volume bars. Please tell me which one is correct.

    My thinking at the time was that price was advancing but selling pressure was coming in (increasing red volume) and the 11:35 bar was an ftt: consider change. This may have been a logical conclusion based on incorrect drawing of my channels. I looked at the chart Spydertrader posted. I fanned out from pt 1 AM low whereas he drew a new up channel from the previous point 3. Is it incorrect to fan out from the previous point 1 when price moves laterally? If I had drawn a new up channel from the previous pt 3 then the 11:35 bar would not have been considered an ftt.

    Thanks
    PCT
     
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    #3319     May 1, 2007
  10. pct

    pct

    Alternate labelling. Sorry

    PCT
     
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    #3320     May 1, 2007
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