Spydertrader's Jack Hershey Futures Trading Journal

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662062 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662064 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662066 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662069 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662071 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662074 width=512>

 

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662076 width=512>

 

Beautiful CNMS - thanks for posting that!

-Au

 

Actually the pt3 entry, and especially the RTL break exit, when applied on any fractals above tapes, isn't a panacea. Jack wrote that the way to trade is on the long diagonal of the parallelogram, the LTL of the old channel to the LTL of the new channel. The farther from these points you trade the more money you leave on the table, and in a way the riskier it is.

 

Nice series of posts! I'm with you all the way except for on this one... Was a little confused at your thought process, and have some questions.

What reason did you have to go long? I would understand a long shortly after this, but based on the info available here it would be cool if you'd expound on what lead you to that decision. It looks like you are trying to get in on the move before it has even begun.