Spydertrader's Jack Hershey Futures Trading Journal

Thanks Pr0crast, you read the early signal from the YM perfect.

 

My view of the day attached..

 

Chart for November 15 2007

 

11-15-2007 ES Chart

- Spydertrader

 

My ES for today.

At EOD, I was pleased to see my RT higher gaussians were indeed tracking the forest level -- that is encouraging.

 

link is not working for me

 

bandwidth limit reached at screencast. ill put it on my server when i get home.

 

cool, looking forward to it..

 

Question about the RED channel that begins at around 13:30.

After its first volatility expansion is forms the small BLUE up channel. Then it leaves the downtrending RED channel by breaking the RTL.

After one bar closes outside the RED channel it appears the next bar closes at or slightly back inside the RED channel.

It then continues down and more VE are drawn.

Is the reason the RED channel is still in play is because of the FBO (closing back inside the channel)???

Is it a confirmed BO (2bars close outside the channel) to invalidate that channel?

 

Daily cart of the YM with 50 and 100 day moving average.
Point three channel with a volatility expansion.