Spydertrader's Jack Hershey Futures Trading Journal

Increasing volume: continuation.
Pt 2 to Pt 3 retrace happens on decreasing volume.
Pt3 on your trading fractal should be on low volume.

 

I've been simtrading today using 12 contracts and scaling out at
1 point, 1.25 and 1.50.
These are my results for 8 trades.

 

do you have the time stamps?

 

14:20 on has been untradable to me

 

ang_99

I closed my bracket trader earlier and lost the trade times
but I think I can go into my excel sheet and see if I can dig the times out and mark them on the chart. If it proves to be too much work, I will leave it however, I will do my best and post my trade times tomorrow.
Tums, I hear what you are saying

 

FAlx,

I think that the 12:55-13:00 ES bar was a tape FTT. Additionally the 12:58-13:00/13:00-02 YM doublet was a "double bottom" FTT. The 12:40-45 ES bar was the initial bar of a lateral which from its "price flow" would have suggested an "in @ the top/out @ the bottom" continuation but this was voided by the FTT. Quite probably there are other ways to look at this.

lj

 

Today's (12-13-2007) ES Chart

- Spydertrader

 

Yes, it turns out it was part of a lateral formation. The move suprised me at first because I didn't see a wall in the DOM or any other indication that price would reverse. I get it now.

Chart for today:

 

A trader may or may not find Carryover Channels useful depending on the current day Price Action. Should a Point Three form within the first several bars of the trading day, one could then eliminate the Carryover Channel. As such, neither contract change, nor specific day of the week plays as important a role than current day Price and Volume.

"Rollover Day" exists for a reason - to remind the trader of upcoming contract expiration. Better to spend one's time focusing on what matters - differentiating between continuation and change - rather than, having concerns over which contract to trade. Roll to the next contract on "Rollover Day" and be done with it until three months from now.

Nope. No thoughts at all on this.

"Period of Calm" means a moment or two when things aren't jumping all around. Such an environment can materialize at any time. Any Pennant or Forming Pennant should also do the trick.

- Spydertrader