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    Spydertrader's Jack Hershey Futures Trading Journal

    Freaky - just thinking about that. I asked Jerry a while back: his response "no plans or demand for it". I said you have the bar countdown clock - how hard can it be...and then ran for cover. Nice one Pr0crast, look forward to it.
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    Spydertrader's Jack Hershey Futures Trading Journal

    Your chart tells me that you do not understand what continuation means in this context. You have to be very clear which fractal you are on. Price is always changing but in the context of the channels price forms it is continuing. You only take action on change (hold is not an action)...
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    Do mergers and acquisitions in the mining industry create value for firms?

    I don't know where this thread is going but I can answer this quickly: the new pardigm in the metals sector also known as "stronger for longer" or "super-cycle" is basically China demand following years of under-investment. When was the last Escondida brought into production? How much...
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    Do mergers and acquisitions in the mining industry create value for firms?

    Yes, when Gilbertson arrived at the Jo'bug head offices of Gencor in his helicopter the staff would quip "the ego has landed". BHP found him too abrasive (LOL!) and they wanted a more consensual leader following the disastrous decisions taken in the mid-90s. Funnily enough a few years ago...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Great question. And if you did treat it as an FTT and reversed, what would you look for next? When would you know you were wrong? Take a close look at the attached snippet - see the micro-channels (tree level) within the lateral - there was no ftt long. The context: where you are in the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I was talking about the ideal, once you have all the fine tools in the right place. The point is that with enough time you will recognise the FTT and want to enter even though your current skill level prevents you from doing so. This is the sign that you are ready for the next finer tool...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Following on from my previous post about sequences, I have done a short commentary of the key action points on Friday to show what I believe is the ideal approach at the coarse level. Comments welcome, especially where the real time experience differed significantly from this hindsight...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I guess Mak got distracted with his new toy. :D I anticipate what he wants to say is that it is the repeating sequences that matter - and where you find the market in the sequence. The ideal entry or reversal is within 3 ticks of a Pt1. However, if you miss this ideal and subsequently...
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    Do mergers and acquisitions in the mining industry create value for firms?

    Mining M&A is all about ego. As well as the critical mass required for big long term capex, to ride the downturns and to take on the political risk. Not being eaten first is also high on the list (agency costs). Few synergies to be had in metals commodities markets (costs: head...
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    Spydertrader's Jack Hershey Futures Trading Journal

    10:40 was an FTT. The increased volume was not strength (cont) but increasing selling volume (change). I was doodling around paper trading and missed this FTT at the time but jumped in with both feet on the R2R at the BO down. :)
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    QuoteTracker Problem

    Jerry knows customer service. He's very cool.
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    Spydertrader's Jack Hershey Futures Trading Journal

    This post together with Spyder's video is really helpful, thanks. I recall Jack used to monitor str/squ "flapping" by overlaying INDU on the YM 2 minute chart - can this be done in Quotetracker/IB in any useful way?
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    Interest in Index Futures

    When you buy an equity index futures contract you do not pay today* - you pay on expiration whatever the spot price is then. So the cash you theoretically set aside to pay on delivery is still yours, earning interest until then (assume at the risk free rate). The alternative is to buy the...
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    I Need More Accountability - Sim P/L

    Try this: Clear your mind completely turn on the simulator, watch price only (no FTTs, no gaussians) for 10 minutes or so then enter on the first impulse you have. Reverse on the very next impulse. Repeat until you see what I am getting at. It is amazing how you will have bought every...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Does anyone have anything to say about bar 4 on Friday? Seemed like a very important bar to me. In real time, was it a Pt3 (short) or a stall? When did you KNOW? Being long from bar 3, as you were, how did bar 4 FEEL? Have a great w/e everyone, :)
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hi gooch this is my chart at the same point. We had the same lateral but my green channel gave me more information than your blue channel, imo e.g spotting the FTT at 11:25 . Trying to read volume bar to bar sent me the wrong way a couple of times - hope to discuss in more detail later...
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    "Sell in May's" track record

    There has been a fair bit of inflation since 1950. Some posters on ET could tell you what 10K would buy you in 1950 - I'm guessing a very large house. What can you buy today for 12K?
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    Spydertrader's Jack Hershey Futures Trading Journal

    LOL. God grant us the serenity to accept the things we cannot change, courage to change the things we can, and wisdom to know the difference. Remarkably apposite in the trading context. :D I'm learning a lot from all these "check up" comments. I skipped the Str-Squ part of the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Yes, in my experience, the Nikkei is a Forest level instrument, so I'd hold through the expected retrace which looks like noise to me - everyone getting shaken out of good positions. Going after every traverse does not seem to be efficient. I've been fanning away for a while intuitively...
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    Spydertrader's Jack Hershey Futures Trading Journal

    You are short off the close of the FTT bar shown (doji). All looks good until the last bar shown. This bar is complete and is in Dry Up volume. What do you need to see in the opening of the next bar to hold, exit or reverse? What do you suspect actually happens? I am hoping to learn...
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