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    Spydertrader's Jack Hershey Futures Trading Journal

    For me, the dancer always spins right, unless I look far below the image and let my upper peripheral vision see the image for a few seconds -- then when I look back up she is spinning left for a few seconds, until my brain catches on and then she's spinning right again. Also, if I close my...
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    Spydertrader's Jack Hershey Futures Trading Journal

    My thoughts on this segment... We are in dry-up, and black peaks are decreasing, and we are experiencing some narrowly bound decreasing red volume, and not much is going on... Kind of looks like the channel is "rolling over." This seems like a high risk area to trade, so I sideline myself...
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    Spydertrader's Jack Hershey Futures Trading Journal

    You say you are struggling to execute and that this method is "supposed" to work. I would advise not doing any executing until your skills are more developed. I can see by your chart that you are off to a good start, but some of your channels could use some work and you seem to misunderstand...
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    Spydertrader's Jack Hershey Futures Trading Journal

    brent, The ES shouldn't be that foreign to you since it practically mirrors the YM. The differences are in the details and the fact that the numbers on the scale are different. If YM is really what you want to work on, there are plenty of YM charts throughout this thread (esp. in feb/march)...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Yes- a PT3 just happens to be the lowest/highest point prior to volume increasing. Often this happens on the same bar, but not always. If not, volume must increase as you move away from the PT3.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Edge, Huh??? :confused: :confused: :confused: :confused: :confused: :confused: PRV = Pro-rata volume. It is nothing more complicated than this: Halfway through the bar, PRV = 2x current volume. Spy does PRV in his head (every 30-60 sec) just by multiplying. QT does the exact...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Agreed, rockets are definitely an option, but if one has the ultimate goal of getting further with the skills taught within THIS journal, I would imagine it might be wise to shy away from indicator methods. Still an option though, of course, and it has definitely worked for some (easyrider obv).
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    Spydertrader's Jack Hershey Futures Trading Journal

    As mentioned in PM guava, I think everyone in your position should focus on honing the absolute beginner level of skills, taking the lowest-risk trades to reduce anxiety/stress and build confidence, experience, and account. I'm confident Jack would say the same. This would mean focusing on...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I have JSS on ignore from some previous fiasco probably, but some advice to you if you are genuine in your interest (which I doubt, since you are on ignore) - instead of "expecting" anyone to send you prints at your whim, there might be better, more productive ways to get people to open up to...
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    Spydertrader's Jack Hershey Futures Trading Journal

    We sure like to split hairs :o) I think the two of us are talking on different resolutions though, to be clear. In reality, I live in your resolution! But the LTL bounce is a point of change between the dominant and the non-dominant (like an FTT), not a reversal of dominants. So also...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I think this is just semantics and in the end a point of change is a point of change is a point of change. For example, a minor retrace followed by another dominant traverse or a resumption of the dominant traverse is often labeled as a Dip, but if the Dip prolongs itself a little longer, that...
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    Spydertrader's Jack Hershey Futures Trading Journal

    This is a bounce. Yes? Have your logical processes allowed you to realize this was a bounce at any time before that FBP broke? <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1626309">
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    Spydertrader's Jack Hershey Futures Trading Journal

    Do you know that an LTL bounce is a bounce and not a flaw for the same reasons you know an FTT is an FTT and not a flaw, i.e. needing to see decr vol bars >60% etc?
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    Spydertrader's Jack Hershey Futures Trading Journal

    My brain is still trying to compute exactly what a bounce really "is." Is this merely a phenomenon caused by our looking at the market through our specific 5 minute window? For example, that bar you call a bounce... If the first bar of the day started at 9:32 and ended at 9:37...
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    Software Used to Trade Jack Hershey Methods

    I don't recall posting a powerpoint of this, but if you go to the May PDF there is a detailed tutorial with pics. edit: looks like bundle found it for you already :)
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    Software Used to Trade Jack Hershey Methods

    LOL, both of those I found were too "pretty" and caused me to look at the DOM when I wasn't supposed to. If it's just numbers you only see the wall if you look, so for now I stick with the Bracket Trader DOM.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Sometimes ET truncates file names so as not to include the file extension. This happens on practically every document that JH posts because he includes spaces in his titles, which ET can't handle. All you have to do if this happens is give the document a .doc extension after you download it...
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    Spydertrader's Jack Hershey Futures Trading Journal

    If you are "going back to the basics," why worry about this stuff? FWIW, I look at the image/quiz you posted and all I can think is "who cares if these obscure two bar snippets with no context are cont/chg?" I mean, are we in dry up here or are these all extreme volume bars? Where in the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Your questions make my head hurt. Not because they aren't genuine, but because you wonder about such detailed things that I would never have worried about. I know you are trying to go back to the basics to get the fundamentals down and all but you may be making things more complicated than...
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