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  1. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    WGTrader, Over the past several weeks I was doing the volume drill where I had about 6 different 30 minute volume daily charts and with only the volume chart I tried to figure out what the price chart looked like and where the ftt's were. I was actually getting pretty good with this...
  2. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    I was geting chopped up this morning up till 1100 then the Chart cleaned up. My chart was real time till 1 pm and the rest was completed after the market closed. During the choppy time I kept reversing and never really sure what was going on.
  3. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Around 1400 I called it quits cause I was overtrading and missing too many signals. My attached chart shows my shorts in RED and my longs in GREEN.
  4. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    lesson learned - do not trade this framework on back contract month :)
  5. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    I'm on the March contract. I ussually wait till a day prior to rollover to change contracts. Another bias or a maybe bad habit thath I have is to NOT trade on the rollover day. Maybe I should be on the June contract. I will monitor June. thanks
  6. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Volume is pathetic so far today. I am getting chopped up too. I am really focusing on the 1 minute EM for trades but this is not part of our system. Even FTT's and BO's are on low volume.
  7. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Just got back from a 2 week vacation in the 50th state and I am getting caught up in the discussion. The change in sylabus, where March is used to improve your PV skill is greatly appreciated. Before I left on vacation I was beginning to read too much into every bar and I think a more relaxed...
  8. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Real World Chart Confusion example based off of TUMS graphics. On the attached TUMS chart I labeled in RED another possible channel. Below is my internal dialog/logic that I would of used that would of convinced me that my new channel is the correct one. 1) Time Series A and E...
  9. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder Your example was helpful. THANK YOU! The primary reason I was waiting on the close of the 5 min bar was because I had a belief that this would help me avoid being "whipsawed" ie entering and exiting positions based on price noise. I was thinking that the 5 minute bar would better...
  10. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder or Mak, I am having problems seeing the 2 minute YM as a leading indicator but I see it more as a coincident indicator. I get the same results focusing on the 2 minute emini as I do the 2 minute YM when trading the 5 minute emini. I can see a 2 minute FTT develop sooner than a 5...
  11. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Difficult day for me charting and trading wise. I kept getting taken out on small moves and small losses following the three point to enter and exit on BO rule. My chart is well annotated to show my trades and my hindsight analysis. My hindsight analysis is excellent ( LOL ). Hard to...
  12. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Real Time annotated chart with trades. Am I taking to many trades or am I too focused on the weeds? Thick Green line = long after a pt 3 of a RTL was identified. Exit on break out of RTL. Thick Red line = short after a pt 3 of a RTL was identified. Exit on break out of RTL. Buy and...
  13. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder I have an entry on point 3 and exit on BO question. See the area circled in the attachment for my question. In this case we have some channel overlap which makes this rule hard to follow within the circled area. Your graphs are excellent. Thank You!
  14. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    R/R When I look at the chart in the Volume context that you explained I understand prOcrast chart better. There is definitely a FTT and from your explanation I see how it relates to the Jokari diagram. I guess am a little biased here and would rather see higher absolute volume with a long...
  15. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    procrast I do not agree with your 1300 comment on your Feb 2 chart about b^b being a LTL breaker. I think a b^R would be more of a LTL signal that the top may be reached and a new STL MAY be starting. A b^b in my interpretation during a LTL only signifies that the volume surge completed...
  16. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    My real time annotated chart. The decision to hold or fold around 1141 was not very clear to me. So around 1145 I folded and went flat. See chart comment for reasoning. The rising step ladder type day was very clear on the 2 minute Echart today.
  17. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    A trendless go no where day. LOW Volume = LOW Volitility = LOW RANGE = MORE RISK. Price really hugged the RTL this afternoon with very small range ( distance between RTL and LTL ). Chart Attached.
  18. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    Previous charts comments I annotated some of the volume moves out of the lateral formations on a per minute basis on the charts. I felt that the lower factal volume , especially around the 1pm low volume pace lateral, would be a real good indicator of the strength of the move. The minutely...
  19. 8

    Spydertrader's Jack Hershey Futures Trading Journal

    For those interested RT fully annotated chart of today. Due to the large drop today the chart is in 2 part.
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