Spydertrader's Jack Hershey Futures Trading Journal

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

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  1. cnms2

    cnms2

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1711011>
     
    #8541     Dec 11, 2007
  2. cnms2

    cnms2

    Don't be so quick in dismissing others' points of view. Your objectivity is just another subjective point of view ... :)
     
    #8542     Dec 11, 2007
  3. Ok, this debate has officially been laid to rest.

    Thanks for the chart spyder,


    Cnm, I see what you're saying.

    Thanks.
     
    #8543     Dec 11, 2007
  4. nkhoi

    nkhoi

    here is another
    [​IMG]
     
    #8544     Dec 11, 2007
  5. bi9foot

    bi9foot

    Yeah that is how I currently treat bars like that - as part of the retrace due to the lower volume. However, sometimes the price bar keeps going down or a surge of volume comes in to continue in the dominant direction.

    I was trying to see if others interpreted in a different way.

    If price continued down, when would one decide that what must come next didn't come?
     
    #8545     Dec 11, 2007
  6. Avi 8

    Avi 8

    #8546     Dec 11, 2007
  7. Jander

    Jander

    Yeah, I am in agreement with you on that one. This is why it's so frustrating that we dont talk more about actually making money in this thread. Most folks by now can draw perfect charts and I just dont see that translating into pulling money out of the market.

    Perhaps an IF2 would tell you to reverse if price broke the previous bar low. Otherwise, Id assume to go with that dominant up channel until something says change.
     
    #8547     Dec 11, 2007
  8. cnms2

    cnms2

    Being just about 3 minutes into the current bar there's still room for possibilities: it can still go up or down. The context shown is kind of small ... Anyway, reversals (increasing volume) start from retraces (decreasing volume). The decision of the price movement may come next bar or later. There should be no bias.

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1711155>
     
    #8548     Dec 11, 2007
  9. cnms2

    cnms2

    Increasing red PRV, or BO of the end of the next to last bar (last local low).
     
    #8549     Dec 11, 2007
  10. Padawan

    Padawan

    I understand where you're coming from. My charts seem to be ok a lot of the time. The analysis of all the lines and annotations is the next area of focus for me. It's sort of like knowing how to write letters but not being able to read.
     
    #8550     Dec 11, 2007
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