Spydertrader's Jack Hershey Futures Trading Journal

Yes that does help to clarify a misunderstanding of the convention. I will no longer annotate a bounce at the left trend line as an FBO. Thank you.

 

This is probably a bit too early based on syllabus, but did anyone consider making an e-book with this method? This would be a great introduction and would get a lot of new people up to speed much faster.

I currently use a system where few practitioners created such a book, and it saved me at least several months and large # of questions when I first came across it.

 

Sure great ideal and then we should charge $2500 for it, build a web site and go into the vendor business. :eek:

Just being a smart ass but the point I'm trying to make is... this method is NOT a method... It's an education in natural market behavior.

Too many people are trying to fit this into a box and NOTHING about trading ever fits well into a box.

Think in terms of Journey rather then destination.

 

I am creating something similar; you can see it when january is over (or sooner if you pm me). Basically a nice looking + organized doc/pdf of the important stuff so far. But it is presented in the order of the journal, so you still get the "journey" part of it rather than reading it like a well-written ebook. It just makes rereading the journal easier than printing out 500 ET pages.

 

Hi Pr0crast,

This is exactly what I meant. Thanks for doing this. If it is updated through out the rest of the year, it will be huge help for all that will join later, and a great e-book to have and share with others.

Regards,
redduke

 

That's the plan-- one "doc" for each month of the curriculum.

 

Thanks as I was getting confused as I thought the first letter referred to the volume increasing and the second to decreasing volume. In reality it can be either.

Thanks,
Doug

 

first letter referred to the volume increasing unless the letter repeats itself i.e. R2R or B2B

 

I dont know how anyone can say that volume is no help. These two snippets from yesterday I thought were such a good illustration. Volume told you exactly what was going on. I dont see how it can get any clearer.<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1324272">

 

x

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1324279">

Of course it is not always that clear but many times it is.