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    Spydertrader's Jack Hershey Futures Trading Journal

    The February Chart (10:35) shows a BO on decreasing Volume, whereas yesterday's chart (13:50) shows a BO on increasing Volume (which subsequently turned into an FBO). In addition, I did not introduce the concept of formations until September. As such, (most) charts posted prior to the Formations...
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    Spydertrader's Jack Hershey Futures Trading Journal

    11-14-2007 ES Chart Nice little 20 point move in the last 45 minutes. I trust many, grabbed ahold of the run by time the Pennant showed a BO. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Continuation vs Change is slightly different than Hold or Reverse. The former refers to signals provided by the market. The latter refers to actions taken (based on one's resolution level). An expert level trader might trade through a lateral (as Swordsman did), while a beginner level trader...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Nothing wrong with 'seeing' things differently. We all should see events a bit different than the next person. As long as we arrive at the same endpoint, no harm is done. However, suggesting the information I provided exists only in hindsight means you missed something along the way. Did the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Without exception, Decreasing Volume on Improved (in a downtrend, dominant Volume increases as price decreases) Price represents a signal for change. Now, lets look at the types of change which might materialize. 1. Lateral Movement (Price closes within the previous bar) 2. Flaw or...
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    Spydertrader's Jack Hershey Futures Trading Journal

    1. Walk through each bar using the End of Bar decision to determine continuation or change. Anything within a formation means hold and any FBO means the same thing. 2. Look at the YM chart to 'see' if any clues exist which may have told you in advance which action to take (hold or reverse)...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Great question. This is one of those occasions where people normally note the similarities (increasing Price with decreasing Volume indicating a change signal), but fail to observe the subtle differences between what they now observe and what they believe they observed before. Note the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Price gapped up and out of my Orange Carryover Channel (See left corner of posted chart for today). - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Then I encourage you to review the information a third time - because you appear to have missed many fundamental lessons - which someone who "reviewed the material at least twice" should not have missed. Again, if your chart contains "the sum of all knowledge absorbed," then you have missed...
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    Spydertrader's Jack Hershey Futures Trading Journal

    <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1678051>
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    Spydertrader's Jack Hershey Futures Trading Journal

    ES 5minute chart
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    Spydertrader's Jack Hershey Futures Trading Journal

    1. I show the lowest Volume bar of the day checking in around 7000 cars. Such levels do not define thin in the ES Marketplace. 2. I remain unfamiliar with the phrase 'false FTT' as used in your previous post. I suggest that if you think you see false FTT's then either a. you do not yet have...
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    Spydertrader's Jack Hershey Futures Trading Journal

    November - Putting it all Together Continued Action The first step to taking timely and appropriate action results from knowing that you know. By this I mean, what “sufficient data set” provides the signal required for a trader to know the time has come to act. For some, ‘take...
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    Spydertrader's Jack Hershey Futures Trading Journal

    November - Putting it all Together Continued Analysis Incorrect Monitoring will lead to improper analysis as surely as the sun rising tomorrow morning. As a result, we want to always make sure, not only monitoring, but also, analysis, occurs on the correct resolution level. In addition, if...
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    Spydertrader's Jack Hershey Futures Trading Journal

    November - Putting it all Together Hard to believe we've reached the point in the Journey where (almost unnoticed by many) the 'hand off' had already occurred. For quite some time, each of you has had the ability to 'carry the ball' on your own - requiring little (if any) input from me...
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    Spydertrader's Jack Hershey Futures Trading Journal

    See Attached. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1676202>
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    Gentlemen, Start Your Engines!!

    Cup Series John Wins Fourth in a Row (Ugh!)
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Final Universe Additions BHS BPHX DBTK ENG GEOY LXU QMAR RATE Final Universe ANW ARGN ASIA BHS BKI BPHX BTJ CALM CHDX CMED DBTK DRYS DSX EMKR EMS ENG ESEA EXM FMCN FTK GEOY GLNG GMCR GMKT GRA GRRF GSAT GSOL HMIN ICOC JADE JASO JRJC KMGB LAZ LPHI LXU MALL MEA MLNX MTH MTOX NFI PTT QMAR...
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    Gentlemen, Start Your Engines!!

    Busch Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1675300>
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    Gentlemen, Start Your Engines!!

    Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1674187>
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