I began studying the JH method, as presented by Spydertrader in this journal, in mid June. I began annotating charts during each trading session, in the beginning of July. I have been focusing on the following: Annotating correct points of change (or continuation), as soon as they are recognized Aligning channels with Gaussians Not jumping fractals. ( I think I do this unintentionally) Recognizing the beginning and end of a "Flaw". Getting clear on what is needed for change and continuation, and watching as it happens during the day. I've attached my chart for the day. Any comments and/or advice are appreciated. Thanks, Phineas
check here for Software Used to Trade Jack Hershey Methods http://www.elitetrader.com/vb/showthread.php?s=&threadid=97684&perpage=6&pagenumber=4
What I meant was that we could be at point 1 of a new down trend or we could be at minor correction of the current trend. Isn't this the purpose of comparing Volume to the last bar on a Pro Rata basis. This is probably what I am missing. In all cases I would like for price and volume to move in sync with the trade immediatly. Unfortunately it seldom does. I would find it helpful if you take my last question in my inital post about the possible trades from the areas that I circled and comment on: (ALSO REMEMBER JUST ES PRICE AND VOLUME) 1) If you would of took any trades in the areas that I circled and why. 2) If you didn't take any trades why and what you would of looked for in order to make any trades. 3) What must come next. Getting a new perspective is what I am struggling with and I am hoping with your responses I can begin to let some light into some of my dark places. Thank You !
I'm in "january" with where I am with the syllabus just to put things in perspective. I think I'm getting faster at making pretty colored and annotated charts but I chuckle thinking to myself that "I make pretty colored charts" is what I'm getting good at and I'm wondering when I get lost ... or I don't know for sure if I'm doing this right (until the end of the day when I compare/correct/redraw based on Spyder's charts). I've got to attend to other things but this is my pretty colored chart up to 11:25 or so. Many people comment that we should post our charts so we might get feedback. I am interested in getting some of that feedback. Also it has been pointed out (and makes much sense) that a new comer should just make sure that their charts look like Spyder's at the end of the day - and I do my work after the end of the day working to correct and make them be that way. For me on this chart things just seem messy and unsure from about 10:20 to 11:25 - so I don't know if I've captured it OK or if there are flaws I have yet to learn about so I should just consider it all continuation until I learn more or if I just am blindsided and missed something more important. Thanks for any comments / feedback if you have them. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1534128> - David
congrat, your chart looks almost like spyder's chart. I think you mislabled a B2B, also you need the volume pace lines.