Spydertrader's Jack Hershey Futures Trading Journal

I am still working on it...





can I have just one more hint please?

 

What?

I can't believe we are in December and people are still talking in terms of risk:reward.

Simple IF2 would have worked.

Don't predict.

 

Not only the above, but also, keep in mind non-dominant retraces also form out of lateral traverses. It is during these times when we often see the /\/R2R2B or /\/B2B2R Transitions. Lastly, the +PRV we anticipate could form out of either Red or Black Volume depending on where one finds themselves in the channel.

I plan to hold off a few days in case others continue to work on this as well. Hint: Price Bars do not contain the answer.

- Spydertrader

 

My effort:

 

Nice. So the blue lines I have drawn in the attachment: are they tapes, or are they pt. 3 channels?

RT

 

Here is my effort

 

Here is the way I see them. I may be wrong on this and look forward to correction.

 

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Here is mine