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    Intelligent Design is not creationism

    You're absolutely correct in pointing out the similarities between cells and humanly designed machines. Cells indeed function in the same way and carry the same function as would a machine built and designed by a human. The underlying order and complexity are amazing and speculation about an...
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    Nobel Winner's Comments about Blacks

    I think the average intelligence of Africans is better reflected in their tendency towards rediculous superstitions and inability to properly organize themselves then by a culturaly-biased IQ test. But because Europe was much the same during the middle ages I see no reason why this situation...
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    Epiphany! (Laughing)

    This is a correct observation. The market works like a fractal in the sense that geometric patterns are repeated in themselves. Markets definately show self-similarity. In essence markets are a binary patern ("bid and ask") that expands by feeding on itself, causing new bids and asks to come...
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    Spydertrader's Jack Hershey Futures Trading Journal

    There are certain characteristics outside of the failure to traverse that set apart FTT's. I find it difficult to put into words the exact behaviour that sets them apart, but I plan on compiling a list of common characteristics and testing their validity over the next few weeks. FTT's mark...
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    stock trad3r on suicide watch

    This is A-class satire :)
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    Spydertrader's Jack Hershey Futures Trading Journal

    It did help me to see the market, especially in the period between 10:30 and 11:30. I drew the volatility expansions not because I'm trying to cap the up swing, but because I consider them a signal for continuation. If I see continuation there's no need to change my channels, which is why I...
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    Spydertrader's Jack Hershey Futures Trading Journal

    After the FTT on the 10:20 bar I had a strong feeling that price would get fanned because of the low volume on the breakout of my channel. I then drew in a channel that used the lows of the 10:05 and 10:10 bars to see what price would do once it hit that trendline. When I saw that price indeed...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for November 23 2007:
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    Spydertrader's Jack Hershey Futures Trading Journal

    My results are better when I sit through the retraces. I find trading from FTT to FTT to be more relaxing and it has the extra benefit that I stay on my resolution level. The added risk when trading a retrace is that price can revert back in the dominant direction before you reverse, causing...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Doing wash trades is useful to get the sweeping routine imprinted. I plan on practicing them when there's low volume in order to improve my trading during that time of the day. The most important thing however is to learn how to hold during large moves. This is the time where money velocity...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I'll second that :cool: Thanks alot!
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for November 21 2007
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    100% guaranteed rally on 11-21-07

    Quoted.
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    Spydertrader's Jack Hershey Futures Trading Journal

    This market is a traders dream... Chart for November 20 2007
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    One more final rally

    This is the first time I meet someone who trades off a mayan calendar.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Chart for November 19
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    Eddie Lampert backs up the truck on Citigroup

    Lampart started out as a credit derivatives and arbitrage trader in the 80's and he's been using the cashflow from Sears Holdings to speculate in the CDO markets. I haven't seen any profit warnings from Sears so it's likely that Lampart managed to be on the right side of the market.
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    Spydertrader's Jack Hershey Futures Trading Journal

    I've experienced such moments when a channel rolls over after an FTT. You get increasing volume in your direction and you're just cruising along. Then the next bar shows price going against your direction on low volume and you think 'flaw'. Then you notice the bar starts growing and growing and...
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    mark cuban

    Whenever I hear Marc Cuban mentioned it reminds me of the world's most expensive domain name: www.broadcast.com
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    Software Used to Trade Jack Hershey Methods

    Thanks for the replies. I'm going to contact my broker to see what my options are. What I have in mind does not differ too much from seamingly continuous trading. I would hedge out exposure when I see an FTT intrabar and remove the hedge towards the close of the bar if volume and price did...
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