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    Spydertrader's Jack Hershey Futures Trading Journal

    Mmm. I agree about the vol expansion. the double bottom told me: possible flaw. We had lower volume than the previous bar (I would say about 70-80% of the previous bar). This also told me: flaw. Price closed where it opened and also this told me: flaw. I DO agree however with YM giving more...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi, Nice chart but make sure channels "match the gaussians". This means (imo) that the RTL of up channels should touch the bottom of the bars with black volume peaks and the RTL of down channels should touch the top of the bars with red volume because that's where the selling came in. For...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder, Bar 4 has the same low as bar 3 (even harmonic, no spike or anything on bar 4) and closed where it opened. Also volume is lower than the bar before. Furthermore the 1st two bars of the day suggested we were in a down channel. The third bar would confirm this (price moving in dominant...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Whatever moves the market. It is always useful except before 9:45 and after 16:00. If it moves as a result of NFP or FOMC who cares? We just watch the market at FOMC times because people apparently feel like trading then. We don't care why it moves. Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    I'll try to answer this. Long and sustained (value staying there a long time) is better than short and (more) neutral. The spikes is what is all is about. The only thing that matters is what the value is at a certain moment. It doesn't matter where the bar "closes" etc. So it's important not to...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I performed worse than normally. The first gaussians should have made me realise that this could be a low volume day. I entered perfectly on the 1st long opportunity but then gave it away and had a few bad trades after that. I recorded my screen and talking/thinking and even hear myself say...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Interesting. Makes very good sense to me to exit on FTT instead of waiting for RTL break. (BO). I find FTT's easier to identify than (true) RTL breaks and they occur before RTL break so you have more profits. Should the FTT be a flaw you can still get in again. Another advantage would be as...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I see now the big mistake I made. I did not get my channels right. I should have drawn a tape down from my second FTT (the blue one). This tape turned into a channel. When that tape was broken this was a much more important sign then my blue channel breaking The blue channel does not match the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi DKM, Why did you place your first trade on the first bar? I mean, we ended yesterday with an FTT which changed our viewpoint from short to long. Overnight nothing happened. So I would say the top of bar 1 is our point 2. Then a tape down is formed on decreasing volume. As soon as this...
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    Spydertrader's Jack Hershey Futures Trading Journal

    My chart for the morning. -5 points. I traded everything I thought I understood but I find it impossible to make a profit today. A few times I was up a number of points but then gave it all away while the FTT was being formed. Will move to realtrading when I have 3 weeks of profit every...
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    Spydertrader's Jack Hershey Futures Trading Journal

    This can be changed. Setup-->charts-->time stamp bar open time. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hello Spyder, I have a few questions. 1. When using str/sq to enter you keep on monitoring str/sq during that same bar for signals in the opposite direction until the bar is over. Are we talking here about YM bars or ES bars? I suppose it's YM as str/sq involves YM and not ES. Just want...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for the morning. Everything was clear. No bad trades and +3 points. Have to work on holding now. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    "Volume precedes price". I'm just repeating Jack and stuff I have read. First there's the volume, then the price following. Often price will peak after the volume peak. I find this especially true for example on a tape, when price is moving in one direction. So if I look for FTT and think I see...
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    Spydertrader's Jack Hershey Futures Trading Journal

    This is very nice and also what I've been noticing. My major AHA of the month. You may call it an FTT but max two bars later you know price will not go up and it will lead to FBO. If you short and even if price is moving sideways for 15 more minutes it's okay. Who cares as long as there is...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for the morning. +5 points. Interesting part started at 10. red volume , 91 K or so. next three bars are lateral so good point to enter. (I didn't). The point is, we need more than 91K of volume to create a downtrend.... That's a lot of volume and the question is are we getting it...
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    Spydertrader's Jack Hershey Futures Trading Journal

    No problems here with delaying. The improvements I feel I'm making recently are so big that I would like to practice all the things learned for some more market days before adding anything new. As requested I will try to post charts, explanations etc. of succesful trades as well as...
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    Spydertrader's Jack Hershey Futures Trading Journal

    How have your trades (real, simulated or monitored) go over the last week? Not bad at all compared to before. I am waiting to be profitable every day for a week or three in a row before trading live and I know this will not take a long time anymore. How do you feel during the trades...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I'm ready for the DOM discussion. Have been following the DOM for a few weeks now. (just monitoring) regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    VJR. Exactly the same for me. I recognized the HVS, I know it means continuation and I was long and stayed long with (probably too much) confidence. I really don't see the higher bar before the HVS as an FTT (not even a taped FTT, just no FTT). So the sudden red volume really caught me by...
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