Spydertrader's Jack Hershey Futures Trading Journal

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

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  1. Windwalker, as I believe you're really trying to figure this all out and make a go of it (as opposed to simply being a troll) I'd like to take one more stab at a response. Several people have suggested you do it manually and that it would serve you best to do this. The reason is simple: it will train your mind. I'ts not about being "easier", it's about building skill. Automation hinders, not helps, skill building. I invite you to do as others have and progressed so well. Don't reinvent the wheel. The others on this thread who have learned to do this learned without the aid of the tool you so strongly desire. Our primary teacher (Spyder) has stressed time and again, based on personal experience and teaching experience, what works and what doesn't. These words are my sincere effort to expose you to the idea that what you think you need to do or what you think is a better way, may in fact cause you to miss out on learning.
     
    #4361     Jun 17, 2007
  2. Thank you Bundle, I will keep working at it to improve my speed.

     
    #4362     Jun 17, 2007
  3. Spent some quality time reviewing the chat logs from the past week. Some really good thought process discussions!
     
    #4363     Jun 17, 2007
  4. I apologize for not seeing your question sooner.

    The sequence starts with the 11:30 AM Bar which creates a Volatility Expansion. In addition, we see Price bounce up off the Left Trend Line (Intra-Bar) and head higher. As a result, I viewed the 11:35 and 11:40 bars as an Even Harmonic and anticipated Price heading higher (as Price was already moving in the direction of a retrace when the Even harmonic appeared.

    One could have also viewed the same bar formation as an HVS (by the alternating [and decreasing] red and black Volume). Again, understanding how Price entered the HVS provides clues as to how Price would Exit the HVS. Further, since we don't normally see flaws appearing in non-dominant traverses, you have your clue that the trend had changed.

    Compare the 11:30 - 11:40 Price formation to the 11:05 - 11:10 Price formation to better understand the differences (Please use this chart for the comparisons) between continuation and change. I'm confident you'll quickly note the the similarities and differences between the two situations.

    It's these slight differences between the two which resulted in quite different outcomes.

    - Spydertrader
     
    #4364     Jun 18, 2007
  5. AllenW

    AllenW

    Greatly appreciated
     
    #4365     Jun 18, 2007
  6. ivob

    ivob

    Chart for the morning.

    regards,
    Ivo
     
    #4366     Jun 18, 2007
  7. pct

    pct

    5 MIN ES 6-18-07
     
    #4367     Jun 18, 2007
  8. I welcome any and all comments regarding the chart posted. I seems okay to me, but then again how much improvement can I make if I am the sole judge and jury on my own efforts :).

    Also, I am trying to figure out when increasing red vol. at an (up trend channel) RTL doesn't mean the market isn't going down.
     
    #4368     Jun 18, 2007
  9. 06-18-2007 ES Chart.

    The 'Hitches' annotated on this chart, aren't really Hitches, but they provide the closest example in a very long time, so I have marked them as such.

    - Spydertrader
     
    #4369     Jun 18, 2007
  10. 06-18-2007 YM Chart

    - Spydertrader
     
    #4370     Jun 18, 2007
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