Spydertrader's Jack Hershey Futures Trading Journal

I'd probably look at that snippet this way:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1668913>

 

es 5 min eod

 

Gotcha. the overall path from pt 2. to pt 3. on the fractal I'm talking about is volume decreasing. The up and down volume bars in between reflect formations happening intrabar.

By the way, how do you get those drop shadows on the lines you paint in the image?

RoughTrader

 

The way I understand it, the best fractal to trade on is the one that on your monitoring chart (es 5 min in our case) consistently shows volume increase on dominant traverses, and volume decrease on retraces. When in entry / exit mode, you trade only this fractal's dominant traverses (volume increases). When in SCT mode, you trade both traverses. To squeeze more profits (to get more efficient) you have to trade closer and closer to the turning points. Using only volume and price you can reach a certain level of efficiency, but to go beyond it you'll have to use finer tools. As you try to get closer to the turning points you get fake signals that mean more washes. Even at expert level you should avoid low volume periods where the noise overwhelms the signal.

 

It's a feature of the FastStone tools I use.

 

Bravo, very succinctly said

 

This is a little chart I like to keep running off to the side. This is today Es 5 minute.
For the forest , it is just a reminder to stay on course.

I always annotate my main chart, but glance at this occasionally.

 

ETLurker's automation failed. He even admits it here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=678635#post678635

 

How does price closing above or below the 20SMA help keep you on course?

 

that was 01-31-05 2 years before the official thread, try to look for more recent posts.