Spydertrader's Jack Hershey Futures Trading Journal

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

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  1. my chart so far.... carry over channel from friday was strong like a rock :)
     
    #6431     Oct 8, 2007
  2. 10-08-2007 ES Chart

    - Spydertrader
     
    #6432     Oct 8, 2007
  3. [​IMG]
     
    #6433     Oct 8, 2007
  4. Read the above paragraph out loud. Can you see how before the journey has ended, you have already placed obstacles in the path of the learning process? Arbitrarily, you've decided another path should work for you. Secondly, I can only assume you have not read through all the material presented here. Reason being, you appear to be making the same mistakes I advised against (and others have related their experience not following the advice) - jumping to execution far too soon in the learning process. Otherwise, why ignore that which many have advised leads to disaster?

    Everyone started as an 'outsider' it turns out. What separates those that remain outsiders from those who can 'see' the signals provided by the market is that one group focused on building the fundamentals needed to succeed.

    Make sure you join the correct group.

    - Spydertrader
     
    #6434     Oct 8, 2007
  5. cnms2

    cnms2

    Liquidity wise: ES > NQ > ER2 > YM

    Another factor to consider is the "cost of doing business" = slippage + commissions.
     
    #6435     Oct 8, 2007
  6. Ezzy

    Ezzy

    In the example, at the time, I didn't have the T&S up and it wasn't really a wall issue. Situation was market going down, appear to FTT at the LTL so I was reversing using the DOM. There was larger cummulative size on bid, lower levels especially. Bask was minority. Right after entry heavy orders must have been hitting the bids as there was a volatility expansion and market got fast. It's probably better to table this until I catch and post a vid capture. But I would think this isn't the norm.

    The going to size view is in VSTscalper's ACV thread.

    Regarding the wall pulling, that would show up on the T&S if it was orders hit, and nothing if pulled. If it's fake orders, it's no problem pulling it in a instance. My understanding is that "game" isn't played on or near the BBid or BAsk as the chance of it getting hit are too great. So usually the fake orders/wall are more likely to be on 3 - 5 level.

    Regards - EZ
     
    #6436     Oct 8, 2007
  7. cnms2

    cnms2

    es
     
    #6437     Oct 8, 2007
  8. ericta

    ericta

    someone ( I think it's dbphoenix), made a vivid example about minority control and I think Jack agrees with him. My understanding is that Jack's minority control theory and the one in ACV thread are the same but in different stage, kind of cause and effect relation. I'll try to find it for you.
     
    #6438     Oct 9, 2007
  9. cnms2

    cnms2

    The exceptions that prove the rule: \/ & \/

    or: Why does Spydertrader insist on drawing volume gaussians to match channels?

    or: How do we recognize change? (the answer is not ... \/ & \/)

    :)
     
    #6439     Oct 9, 2007
  10. When price does no longer continues on increasing volume we have change.
     
    #6440     Oct 9, 2007
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