Spydertrader's Jack Hershey Equities Journal II

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bi9foot... sorry, I succeeded in accidentally entering a duplicate post. I thought I was successful in deleting it, but it was up for a while, so you might have seen it. I apologize, I did not intend to repost. :eek:

I asked my wife to see if she could port your model display into MAK's excel program... she will take a look next week. If she is successful, I will post the new excel file.
 
Quote from Spydertrader:

In short, you are exactly where you should be with respect to training your brain to locate the FTT. Keep at it, and monitor volume levels in addition to price. Right now, all flaws tell the trader (Beginner Level) to hold.
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Alright. I don't know where we're going, but I'll trust you and do what I can to follow. This is a strange, disconcerting place to be. I'm learning just enough to see how ignorant I am, but haven't yet learned enough to see my path :)


FWIW, for others like me, I found the <a href="http://www.elitetrader.com/vb/showthread.php?s=&threadid=75715">SCT High Velocity Profits Q and A Journal</a> has many insights, and Jack is unusually clear in his descriptions, making it possible for slow learners like me to glean insight. I keenly hope that your next journal will stay as courteous as your last two so it won't get shut down.
 
Quote from foible:

Alright. I don't know where we're going, but I'll trust you and do what I can to follow. This is a strange, disconcerting place to be. I'm learning just enough to see how ignorant I am, but haven't yet learned enough to see my path :)
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With respect to learning Jack's Futures methods, the mistakes you make along the way provide the very best method for training your mind. At first by accident, and then by design, you'll end up trading through these flaws as you encounter them. However, right now (and this works both with equities and futures) focusing on the fundamental components (one at a time) provides a superior foundation for success. Already, you know what to look for with respect to finding a 'Hitch.' At the right time, you'll have all the information you need to recognize each and every flaw, and to distinguish them from an FTT. However, we need to learn the 'rules' (FTT) before we focus on 'exceptions' (flaws).

Quote from foible:

FWIW, for others like me, I found the <a href="http://www.elitetrader.com/vb/showthread.php?s=&threadid=75715">SCT High Velocity Profits Q and A Journal</a> has many insights, and Jack is unusually clear in his descriptions, making it possible for slow learners like me to glean insight.
More...

In addition to the SCT thread, search the posts of jack hershey, Grob109 and bubba7. Jack has provided numerous posts on these methods in the past.

Quote from foible:

I keenly hope that your next journal will stay as courteous as your last two so it won't get shut down.
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I see no reason we should not expect the current trend to continue.

- Spydertrader
 
Quote from bigmoose:


I asked my wife to see if she could port your model display into MAK's excel program... she will take a look next week. If she is successful, I will post the new excel file.
More...

Funny, because the grid control has an option for excel look and that is what I selected.

I did not think of using excel at all (sometimes we programmers overlook a simpler solution :) ). I will try to find MAK's excel program and see if I can get it done.
 
Quote from Spydertrader:

I don't want to get too far out in front of myself with these flaws, but keep the following in mind: Absolute volume levels hold far less significance than do changes in volume over time.
...- Spydertrader
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Spydertrader,

In your opinion and / or experience, how portable is this 5 minute ES / FTT trading methodology to larger time frames, and to liquid stocks and ETFs?

I started to apply it to daily charts, and to other markets like QQQ, SPY, DIA, TXN, AAPL, GOOG, BRCM, and others. So far I had some hits and some misses. I blame the later mostly on my errors and my lack of skill.

As you go to larger time frames and to other markets, some characteristics change. E.g. larger time frames mean that trends are relatively smaller, the 6.5 hour / day introduces more discontinuities, etc..

Thanks
 
Quote from cnms2:

Spydertrader,

In your opinion and / or experience, how portable is this 5 minute ES / FTT trading methodology to larger time frames, and to liquid stocks and ETFs?
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Any market, using any time frame - provided sufficient liquidity exists. Attached, see the Daily QQQQ. A few traders (who follow these Journals) already use FTT's while trading ETF's. Other traders, who follow the equities only methods, use FTT's in their own trading. They simply haven't had the Aha! moment yet to realize it. :D

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1308609>
 

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Quote from Spydertrader:

Any market, using any time frame - provided sufficient liquidity exists. Attached, see the Daily QQQQ. A few traders (who follow these Journals) already use FTT's while trading ETF's. Other traders, who follow the equities only methods, use FTT's in their own trading. They simply haven't had the Aha! moment yet to realize it. :D

- Spydertrader
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Thanks! :)
 
Quote from bi9foot:

Funny, because the grid control has an option for excel look and that is what I selected.

I did not think of using excel at all (sometimes we programmers overlook a simpler solution :) ). I will try to find MAK's excel program and see if I can get it done.
More...

See here for one of the iterations Mak generously provided - it's the last post on the page. He also attached one at a later point which contained stretch/squeeze information.
 
Would someone directe to the Hershey website with all the materials from the Tucson group?
My computer crashed and I lost all my Favorites.
Thanks
Don
 
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