Spydertrader's Jack Hershey Futures Trading Journal

Thanks.

 

broken imply change but it is just a channel continuing expansion.

 

Thanks again nkhoi.

The video links really does speed up the learning curve.
Just like bundlemaker, I guess I was too hyper.
I wanted to learn everything all in one day and tried to combine the different methods I've learned in the past.

Nice video bundlemaker - applaud.

 

Do you have a video link on Gaussians too?

 

second post from bottom up
http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=637

 

Thanks for the quick response nkhoi.

 

hi, I'm going to paraphrase from pg 99 of Jack Hershey's "Channels for building Wealth, v2.2":

When you have a pt1 and pt2 in place, pt3 should resume (meaning start the R to L traverse of new channel) BEFORE reaching the same value as pt1.

If pt3 is above pt1 for an expected short trend, your pt2 becomes the new pt1 as you have indicated with the question marks. Then you would look for a pt3 above the new pt1 for a long trend.

As others have mentioned this must also synch with the Gaussians.

 

Here is my second posting.
Thanks for all of the feedback.

 

07-06-2007 ES Chart

- Spydertrader

 

07-06-2007 YM Chart

- Spydertrader