Spydertrader's Jack Hershey Futures Trading Journal

ES 01.30.07 5M chart...

Same story from Noon onward... FOMC effects

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1345122>


Regards,
MAK

 

EXCELLENT!!!!!

 

Bundle,

Thanks for your very precise response, makes perfect sense to me!

Steve

 

Interested to see how the rest of you annotated the FOMC reaction.

 

Almost the same... skipped most of the midday annotations due to anemic volume.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1345710">

 

JDAndy,

Minus the tapes, mine was similar to yours. I did have one additional channel that I added to your chart.

Due to the FOMC surge(s), I had a tape followed by several volatility expansions. After a few bars, I extended and thickened the TL's and ended up with a channel that contained price the rest of the afternoon.

This channel is probably a little unusual (and maybe wrong?) but I did start with 2 bar ends. I know it's weird to have a wide channel form from within a narrow/steep channel. I can't recall that I've done this before. But notice the 3 FBO's at the end of the day. Price pierced the RTL but closed within the channel. I'll carry this channel over into tomorrow...

FWIW...

spooz

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1345731>

 

Congrats on making it this far!

Before proceeding to the next item on our syllabus, if you feel you need to review what has happened so far I encourage you to check out my compilation. Be aware that it is not a shortcut, and as far as I know nothing major has been left out (it is 147 pages). Print it, bind it, reread it, and stick it in a three-ring binder on your bookshelf as a reference.

To quote Spyder,

Enter ET/ftt_now as the username/password.

Spydertrader's Jack Hershey Futures Trading Journal Vol. 1 PDF

I hope you find this useful, and if you have anything that could be added, or if something needs to be fixed, just shoot me a PM.

-Pr0crast

 

What a way to end the month... FOMC... Here's my chart. The blue box was atypical. Things don't ALWAYS go our way. Just the majority of the time... LOL!!!

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1345947>

Regards,
MAK

 

JDANDY, C99:

A simlar Diamond-Back too.

 

This is awesome Pr0crast... The format is easy to read and the time and effort you put into it are very appreciated.. Please continue!