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    Spydertrader's Jack Hershey Futures Trading Journal

    While nothing is 100% sure, when I see PRV Levels which indicate significantly less Volume compared to the most recent Peak Volume Levels (13:20 & 14:20), I remain relatively confident that the bar in question isn't going to 'have the stuff' needed to sustain enough momentum to break on through...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Yes. Also, see attached. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Pr0Crast has a review which you might also find helpful. Yes. I understand Ensign can be a real pain in the ass. Remember, this whole box of tools allows you to not go for entry / exit type thinking. Continuation and Change mark the signals for this methodology. On a Forest Level, Point...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    After an FTT, Price moves back to the right trend line (retrace - skinny red lines on my chart) on decreasing Volume. Once Price breaks through the right trend line, expect to see increasing black Volume with increasing Price. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Just so I can make sure we are all on the same page, you have: read through the entire Futures Journal, Reviewed the Building Channels Document, Got 'up to speed quickly' by clicking the link to Journal II to review how to spot an FTT (2 months of posts there), watched Bundlemaker's Video and...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1455258>
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Not all FTT's come with extreme Volume. Most do but not all. Now, that Doesn't mean the Tuesday Bar is an FTT (we might just be in a Lateral Price Movement), but Wednesday, Price failed to move lower. Tomorrow should tell the tale. Price headed lower the next day, so even if Monday night we...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I apologize for missing you post the first time through. For price to move higher in an up channel, it must do so on Increasing Black Volume. For Price to head lower in a down channel, it must do so on increasing Red Volume. Increasing Volume refers to Volume as Price traverses the channel...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1455026>
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    Spydertrader's Jack Hershey Futures Trading Journal

    I wait until the close of the ES bar. STR / SQU doesn't work until market sync takes place - usually around Bar Four. Until then, I don't even look at STR / SQU except to possibly find what looks like a better offset from what I had the previous day. It is because STR / SQU fails to work...
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    Spydertrader's Jack Hershey Futures Trading Journal

    05-02-2007 YM Chart - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    05-02-2007 ES Chart - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    During the above mentioned time frame, we see several FTT's followed by several FBO's until finally price breaks out. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1454421>
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    Spydertrader's Jack Hershey Futures Trading Journal

    Price moves higher in an up channel on increasing black volume. Sometimes, we have a bar make a new high on increasing black, then turn and end up closing below its open creating a situation where it appears price went higher on increasing red volume. We see such a circumstance in the areas...
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    Spydertrader's Jack Hershey Futures Trading Journal

    05-01-2007 YM Chart - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    05-01-2007 ES Chart - Spydertrader
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Most of these stocks do not fit the minimum Price criteria of Ten US Dollars. In fact, many don't even trade on the NASDAQ, NYSE or AMEX. Jack certainly doesn't recommend trading Bulletin Board Stocks. In addition, many of these stocks have a negative EPS. Such companies simply do not fit any...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Post away. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Both channels in the first link represent FTT's. It doesn't matter how many times Price bounces off the left trendline, we still have an FTT. Yes, the yellow channel had an FTT as you have marked it. - Spydertrader
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