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  1. M

    Why do folks reveal Profitable Strategies, are they NUTS?

    There's no point. Spy has a bunch of backtests, I have a bunch of backtests. If I threw up the backtest, posters would judge that they are curve fitted. I could tell them to randomly pick a dozen names with decent market cap to backtest and it would still be deamed curve fitted. The numbers...
  2. M

    Spydertrader's Jack Hershey Futures Trading Journal

    This is the battle Spyder and I have been trying to battle from page 1. There are always things to add. Traders wind up killing themself by thinking the next thing to add is THE thing to push them over the hill which is not the case. Would you believe that there is the right side of the DOM and...
  3. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Let's say you blew the bernanke. Then you get a DKM chart and your pt3 around 11:10/15... One shouldn't kick themselves in the teeth for missing opportunities. These are not opportunities of a lifetime. There will many many more in the future. The objective is to take what you can. Become...
  4. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Fed stuff is the one to be aware of... That gets 9/10 monsters. The other 1 you pick off with PRV... The money honey pulled one such stunt when she reported about a dinner she had with ben in which he said the markets misquoted his statement... You won't find any type of announcement bulletin...
  5. M

    Spydertrader's Jack Hershey Futures Trading Journal

    I do check them. Do I check them everyday??? NO! It was useful for the Bernanke's comment a few moments ago. However, this is material for down the line. It's not necessary to be effective. Is it useful? Yes, when you know where to use it and which tools it effects. Immediate Term Long...
  6. M

    Spydertrader's Jack Hershey Futures Trading Journal

    There are 3 types of trends, in my book. There is a long trend, a short trend, and no trend (ie. lateral/pennants/drift). So you draw your RTL and LTL. You see an FTT which is between your LTL and RTL. An FTT is an attempt to reach the LTL. A failed attempt occurs before a XO of your RTL. If...
  7. M

    Spydertrader's Jack Hershey Futures Trading Journal

    He may have started the day later. Include the first bar. There aren't any reasons for leaving bars out unless you get a bad tick problem. Your WTF is an FTT of the channel of the first 3 bars. Next you get a lateral, then you get another long channel. The forest view contains the first long...
  8. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Same thing happened here... A naked bar chart really doesn't look very appealling... haha
  9. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Understood. I draw my thick ones in long before I get my pt3. You've seen several examples today but that is just me so it is cheating for now... The zoom away was program trading. That is a down the line type of thing. However, you should be on the 5M ES. If you are glued to the YM this will...
  10. M

    Spydertrader's Jack Hershey Futures Trading Journal

    So we see that there are 2 problems for you here. If you are nervous, you do not know what is going on. Reversing is more advanced then exiting. R\/R and B\/B are "CHANGE" signals. R/\B and B/\R are "CONTINUATION" signals. I stated in my post that I annotate traverses and retraces of channels...
  11. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Yeah... FTT was 6M earlier than expected and arguably slight... Notice the consistency of the volatility (ie. distace between RTL and LTL) of the forest channels... It is a pseudo bounding type of characteristics of channels that is very typical. <img...
  12. M

    Spydertrader's Jack Hershey Futures Trading Journal

    FTT looks 20M out for me... My red channel wasn't long enough. 1 traverse short... My anticipation going into a dull lunch... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1359697> MAK
  13. M

    Spydertrader's Jack Hershey Futures Trading Journal

    We didn't fully reach my right, so I adjusted my right side and got up to date on the traverse/retrace level annotations... The traverse/retrace level annotations of your YM 2M give clarity to the bar level details of your 5M ES. After a while, you are taking action within the bar long before it...
  14. M

    Spydertrader's Jack Hershey Futures Trading Journal

    EEK! This is the aftermath. I didn't adjust any of the red channels yet. It is questionable as to whether the current leg will make it to the right side. If not, THEN, I will adjust... I didn't have time to annotate the leg as I was at the time responding to the previous post... It is...
  15. M

    Spydertrader's Jack Hershey Futures Trading Journal

    There are a number of things you have to be careful about. So here is my YM 2M RT of course. I annotated and of course it is doing what I anticipated. You DID see an R2R but you have to identify what your context is. Remember we deal at the forest level. At the forest level, it has two types of...
  16. M

    Spydertrader's Jack Hershey Futures Trading Journal

    ES... RealTime of course. At some point you will just KNOW what is next and then begin to see WHERE next will be. As a result, you are prepared well in advance of where actions will be required long before it appears... Here is the "during" annotation... I have a "before" annotation on my office...
  17. M

    Spydertrader's Jack Hershey Futures Trading Journal

    Yes and No. You can play back both the YM and ES perfectly using tick data but you can't do it with ensign. You have to use button trader. Button trader has several example days where you can play several preselected days in realtime and with nearly a dozen instruments simultaneously...
  18. M

    Spydertrader's Jack Hershey Futures Trading Journal

    ES... The blue box was a bank vault. :cool: Bare with me as I transition back to the forest view... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1355282>
  19. M

    Spydertrader's Jack Hershey Futures Trading Journal

    YM... Didn't see the larger timeframe magenta until the FBO of the lunch pennant (ie. 30M/45M fractal). Caution, this a nickel and dime type of P annotation.
  20. M

    Spydertrader's Jack Hershey Futures Trading Journal

    I know what I saw. That is why some our charts for today are a bit more detailed then DKM's. I saw an FTT on the YM that was on the following bar of the ES. In other words, I was watching as YM hit the LTL and then promptly started retracing. The ES followed suit. At the open of the following 5M...
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