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    Spydertrader's Jack Hershey Futures Trading Journal

    Hello Spyder, I lost some money in the morning and did not trade the afternoon. In general I'm losing and sometimes they get big. I think I can phrase quite well what's going on. I feel I CAN annotate well and I do see the turning points. The problem is that i should see ONLY these turning...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Just decided to only papertrade until I'm consistently profitable because I was not satisfied with the results :-( regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Bearbelly asked why did you exit, you answered price was going to RTL and that you are still a beginner. Just my experience: I got in trouble several times by taking profits on just a few ticks and telling myself "I'm just a beginner" and "I'm just learning", not at all times applying the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    You probably mean that you agree with Bearbelly because he brought it up :-) BTW I also agree with him. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Wouldn't it help to just see that spike type Price bar in a lower fractal? Just to see how it is build up? I mean, it could be going up on high volume and go down on low volume. When you see this exact bar divided into 5 bars (or even 2 would do) it's easier to see. After all it is an...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Sure but we trade ES and YM leads ES on moments that matter which for me is FTT. Of course ES will not go thru the roof when YM is going down. So basically YM was telling to me "Don't go long". This is of course important information so your observation is right IMO. YM also gave this clue...
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    Spydertrader's Jack Hershey Futures Trading Journal

    My observation is that FTT when volatility is low are also FTT's but often everything is going in slow motion. That however doesn't mean that the move won't be big because we don't know how far it goes. For example today at 11:25 there was this FTT on ES that was hard for me to see on YM BTW...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi Spyder, Still working on the opening and the first few bars. Am I right when I say that the bias for the market before opening was up but that it was not confimed by increasing black volume? After all the market opened higher so a up channel could be drawn providing a pt 3 would be...
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    Spydertrader's Jack Hershey Futures Trading Journal

    You get out when price crosses RTL. However, that would be a little late on the ES (on my screen). YM gave the clue IMO because there was an FTT exactly at 10. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi yes, it is clear. Thank you. So in general price need to touch RTL first before it can make an FTT (FTT happens always when traversing right to left). But volatilty expansion is an exception to this. After all price does touch LTL right before VE takes place. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    I did but still the same problem. Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi, I have some problems with this file. After enabling macros it says this sheet has connections to other datasources and if I want to fetch the newest data, update or no update. If I click update it says external data not accessible. Do you want to start the application MYID.exe. If hit...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Okay. Do you mean in general price does not have to touch RTL or just after a volatility expansion? I just want to get this straight. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Thank you very much Bundlemaker. It helps a lot to see and hear everything explained again in such a clear way. There were few things I missed. Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Okay. When volatility expansion takes place one could draw a new, faster channel. Then if price does not touch LTL this is an FTT of the new channel. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi, I asked a question before whether an FTT is possible after a volatility expansion and without price touching RTL. Pls let me know your opinion about this. regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    If you got your channels right and it smells like an FTT and it looks like an FTT immediately take the trade because it probably is an FTT. No need to wait for confirmation. I also tend to pick the bar before the real FTT BTW. Guys, we trade ES but YM leads ES. What if YM shows an FTT big...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Of course you are right about the reversal. So which red bar are you referring to when you are talking about increasing red volume on a finer resolution? Did you see it when the second red bar was developing somewhere halfway or in the first one? regards, Ivo
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    Spydertrader's Jack Hershey Futures Trading Journal

    AHA, ok. I understand. So if I am right a volatility expansion is not the same as price touching the left trendline. Is that right? In that case why isn't the 9:55 bar an FTT? After all there is a volatility expansion of the blue LTL and after that price fails to touch it. Or is it that price...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi, this is obvious in hindsight but at the moment quite hard to determine IMO. (not the easiest move). You need to wait for the second red bar to finish before you find out it's not just a retracement but a reversal. When you have point 3, we still don't know this or do you? regards, Ivo
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