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    Spydertrader's Jack Hershey Futures Trading Journal

    Ahha a fundamental flaw on my part! The Whycoff 'model' has 4 phases rather than binary. He has accumulation, distribution, mark up, mark down. In his model A/D is lateral movement (similar to CCC I guess) between the moves up and down. I will re-evaluate the diagram from the point of view...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Post necromancy, slightly OT too, apologies. This caught my attention however. A similar experiment was done with chess grand masters and compared with good club level players. It was found that club players would look all over the board evaluating what was going on and what was influencing...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Indeed seconded, thanks for the links.
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    Spydertrader's Jack Hershey Futures Trading Journal

    I have a couple of questions on the Jokari stuff. Firstly my original foray into the P V relationship was with Whycoff and his rather good pen nam Rollo Tape and people like Humphrey from the same era. Clearly core elements of Jacks PV work shares much common ground with these guys. I should...
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    Spydertrader's Futures thread

    Hi bundle, I was going to PM you. but here seems an appropriate venue. I'm currently reviewing the Futures Journal from the start but also have started reading at the end of it in 'real time'. It seems you have been a major contributor (channels video for example) up until recently...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I don't visit many places on ET but was pleasantly surprised with how well modded this thread was. I kind of assumed (never assume anything!) that ET had cleaned up its act. I guess its still the wild west in other areas. Too bad Jack had been hounded out, this was news to me. Old Spydy has...
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    Spydertrader's Jack Hershey Futures Trading Journal

    This has got me to thinking. Are we talking about at a single level here, I guess so? This may well be completely wrong, however its simply a cunning ploy to draw out the answer :D Firstly I would normally expect a VE to be accompanied by increasing volume. As a side note I wonder if...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Yup thats a fair point. Of course I wonder is this going to BO or fail, is this FTT really a flaw. This can cause slight consternation on entries but on exits such rational thought often goes right out the window! But you are right of course there is some conflict going on here, I suspect...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Nice trade Black, I find buying tight against a tapes right hand trend line is quite 'comfortable'. Actually I don't recall anyone talking about this yet but I'm still only up to March :-) Getting close to April. Some tapes just have a nice symmetry and 'feel' - not to steep not to flat...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Edit: This was in reply to Tums Yup, I think I understand the philosophy behind it. Actually I don't react to PL or consciously feel any anxiety or fear (this is with live trades). However you get to a point where you can do the annotations subconsciously, just like riding a bike or...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Interesting post guavaman. Your particular issues are somewhat different to mine but they do share some common ground. For me the issue is frequent lapses in appropriate behaviour 'bad habits' if you like. I am not sure the behaviour was even appropriate even for out dated/replaced beliefs...
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    Spydertrader's Jack Hershey Futures Trading Journal

    cnms2, you give good advice about being very clear about which fractal you are focusing on/trading. This advice is equally applicable to the 'difficult' period yesterday. As I mentioned a few pages back - for me behavioural / emotional 'skills' are the issue not technical ones. Several...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I found that period pretty tiring I should have had a snooze. The bigger picture was a little clearer (non dom traverse back to the main right hand channel for the day). I marked that whole segment as red declining though it could be argued that volume was flat. Despite that I found myself...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Saw it and took appropriate action - entering on the right side of the market. Shortly after I took inappropriate action - closing out despite there being no sign of change! A quote from Jack that I hope no one minds me re-iterating :- The wall is built primarily by your subconcious input...
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    Spydertrader's Jack Hershey Futures Trading Journal

    It is my guess that there are probably quite a few in he same boat, perhaps even some that have not recognised it yet. I know in the past I have sought answers from my tools where the issue was clearly with the craftsman (me). What's the old adage "a poor craftsman blames his tools". These...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi Pointone, I'm sure its a very common malaise! I guess being aware is a start at least (the first step is admitting you have a problem). I like your plane analogy. You are also right that it is previous market experiences that have brought about this behaviour. It is clearly no longer...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I thought reviewing this whole thread would be useful and it certainly has been so far. Quite remarkable, thanks to all. I have a question but first I better say where I am. Chronologically I am up to March. Progress wise I am holding back at 'forest' level and have not integrated the 2min YM...
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    Is IB completely down now and for more than 30 minutes!!!?

    What Bob111 said...kinda flakey just what you want trading the announcement :(
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    Mathematically Predicting the Future?

    I think its probablly a fallacy to think you need to predict the market to make money from it. That's probably the toughest way. Anticipate (or guess) and then manage accordingly to what actually happens. Having said that the market certainly seems to have a 'memory' I guess that's because...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Tenacious or probably plain dumb! I have to say was easy for me to fool myself. I used to do ridiculous hours watch every tick of the live market then review and read in the evenings. I wish I had learnt at an earlier stage what the important things are. Actually I think I probably knew what was...
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