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    Spydertrader's Jack Hershey Futures Trading Journal

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1374623> (Sorry if I spoiled it for anyone.)
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    What to tell my neighbors about my trading career.

    Why worry about what other people think (especially if you are bringing home the bacon and you and your wife are happy)? Just because a 60 year old father of your neighbors revealed his little mind racing away - you can't control him or his thoughts. All you can do is be civil to them and...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Russian dolls, blindfolds, hands tied behind my back...I feel like James Bond :cool:
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    Spydertrader's Jack Hershey Futures Trading Journal

    A beginner rocket entry is a late entry into strong CONTINUATION - an established, fast paced trend. Once you are familiar with FTTs a rocket signal will feel uncomfortably late (but it is nice confirmation if you are already in). Even when presented with this "low risk" set-up, many people...
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    Backtesting's Flaw

    Yes. People are tempted to curve fit past data to minimise system drawdowns. Yes, this is inconsistent design! Either you have a system that is generally applicable but will sometimes go into drawdown or you have a system that worked beautifully on the test data but is not applicable...
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    Why do folks reveal Profitable Strategies, are they NUTS?

    Prove it! We want to see execution reports. You could be living in a trailer park and posting from an internet cafe <rant>... :D As to your previous post, yes, there is a recognition that beginners should stay on the "forest" level. This is not the fault of the teachers at all - trying to...
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    TXU- Largest private equity buyout ever

    No: up to certain limits, disclosure requirements and stock exchange rules (I think in the 1-2% range max; I'm out of date). They may well be buying enough stock to cover deal costs if a higher bidder comes in and their deal therefore fails. They are not trying to average the cost down as...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Yes, it is interesting. The context has to be right and as Pr0crast says there are other things to look at (DOM, T&S, previous volume etc). The way I see it is you can wait for more confirmation before you get in and then suffer the inevitable upside down feeling for a bar or two while the...
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    Why do folks reveal Profitable Strategies, are they NUTS?

    I just don't get this. Please elaborate! Other than the overlap of certain personality types who are drawn to both activities, I can't see many parallels between poker and profitable trading. I think we are getting the roles and responsibilities mixed up (of the trader and the market)...
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    Dax

    Getting in ahead of volume is a good idea. But how would you know if you don't look at volume? Increasing volume => price trend will continue Decreasing volume => price trend will change Fast pace is low risk. Dry-up volume is high risk (what follows DU?). Price volatility (bar size)...
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    Spydertrader's Jack Hershey Futures Trading Journal

    So if you are wrong about it, what do you do? I know where I'd rather enter / reverse. Then I seek confirmation that I have one of the best prices available for the coming trend. The range of prices near the FTT are special - either they are the best prices or you can wash if you were wrong.
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    Trading stocks on unsual volumes

    Fantastic stuff, Jack. Thank you. The 50% xo amplifies the signal during times of high noise. The settings are designed to be current. We are noticing accumulation.
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    Spydertrader's Jack Hershey Futures Trading Journal

    I have a list of 17 items (but I have not seen Jack's list): 1. Pace: Pro-rata Volume (DU->FRV->peak) 2. Volume Gaussians: R/\B, B/\R, B2B, R2R 3. FTT: change 4. BO: continuation (following change) 5. FBO: continuation (no change) 6. Flaws: hitch, dip, stall, HVS, CCC sequences...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I understand the stop loss : position size maths - it does seem to be inefficient though. I am curious with your backtest what the limits are if you utilized all the cash available. (Not equity, but free cash.) In the spirit of how Jack started out - all in - the risk is already taken...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Very cool. It looks like the cash is not being fully utilized most of the time though (position size and opportunity constraints). What happens if you increase the position size to 5% or 10% equity risk per trade? Just for fun: how far can you push it before it blows up or gives a DD >...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Indeed. That thread started off quite well and shows just how most people will never understand the markets. That's fine by me.
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    Trading stocks on unsual volumes

    LOL. Jack you know you've only gone and stated that a leading indicator of volume is price. I'm OK with it though as everything is connected in the reflexivity function.
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    Spydertrader's Jack Hershey Equities Trading Journal III

    I know people made money on ININ but I was never comfortable with the revised long TL or the reasons given for it. Although my chart is obviously annotated with the benefit of hindsight it is interesting to me as it shows the power of the original TLs, FTT signal and volume. <img...
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    Trading stocks on unsual volumes

    Here's a 6 month backtest for you: http://elitetrader.com/vb/showthread.php?s=&postid=1370637#post1370637
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    A Public Apology To Jack Hershey

    This is considered Chit Chat on ET. Hmm...
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