Spydertrader's Jack Hershey Equities Journal II

Status
Not open for further replies.
On the short trend beginning at approx. 11:30 we had several occurences of volatility expansion, widening the channel, until we reach 12:25. Presumably, at some point during the 12:25 5 min bar (low of the day) there were sufficent factors to decide to exit the short or reverse. We clearly have a closing price reversal so maybe the worst case would be exit/reverse at 1419, the break of the 12:25 bar.
 

Attachments

Quote from Spydertrader:

1. I never said I am "in the market, all the time." In fact, I stated the exact opposite. I do not yet have the skills to perform SCT. However, I can trade from an FTT to another. 2. I don't post "all the time" to this forum either. I have taken the time during a FED day to respond here to your vitriol. I do post in the ET Chatroom throughout the day, but often sit idle when market action requires my attention. 3. I also indicated early on that I do not trade every FTT listed on the charts. For someone who claimed to have "watched the charts I have posted," you do not show very promising comprehension skills.


Wow. The amount of BS contained in the above paragraph exceeds that of your normal level of obfuscation. First, let's clear up a few of your misconceptions (or outright lies, if you prefer). Shall we?

1. Good to see you "no longer care when I draw the lines in." WHich is it now? One minute, I couldn't have possibly drawn them in advance, now suddenly the fact you incorrectly ran off at the mouth has no bearing on the discussion? At least have the intellectual honesty to admit your errors.

2. I almost never catch the exact tops or bottoms, nor have I ever stated that I did so. In addition, I don't care to even try to catch every top and bottom. That is a fools game. Plenty of money in between the extremes.

3. The FTT rule set works on any time frame - and not only on a five minute bar. Several traders have posted charts showing FTT's on numerous time frames - including the daily.

4. Additional tools exist which assist the trader in locating market turning points. Such tools exist in any system. I have recommended starting to learn to follow the FTT in the beginning in an effort to "Train One's Brain." Some people take months to move beyond this point. While others, can accelerate past the beginning stages within a few hours.

************************

As I said gerry, feel free to disregard everything I have written here and elsewhere. I do not expect you to blindly accept the premise of the information presented. However, I do expect you to show some respect to others who enjoy reading a thread free of the garbage you so frequently post. Now, for the third and final time, I politely request you take your agenda elsewhere. I am happy to link directly to your discussion in an effort for you to have ample opportunity to debate your points in great detail.

As a result, please kindly take your agenda elsewhere.

- Spydertrader
More...

you ask for respect - that' sweet. the environment in this thread is similar to a sect. any diverting opinion or even the slightest uttering of doubt gets attacked furiously. no criticism allowed - ever. the the american way at the moment? call me whatever you like - no problem. i have the same right to post here like anyone else.

plenty of money in the middle - yeah right - especially in the ES and its low volatility environement, right? one good move per day on avg. - the rest of the day i suppose most of what you get is exits near your entry - if you don't manage to get in and out at the tops/bottoms. if you use only the chart and the lines - how do you decide at all when/where to enter/exit?

i wonder why you don't attach the executions list to every chart.

but anyway - just for fun: i took some of your latest charts and made some marks on them where i think i miss some things (trend lines or "ftt's"). feel free to comment. if not - fine.

if you are able to trade like that - good for you - congrats. with so many lines, ma's, etc. - i can hardly see the chart itself at all.
 

Attachments

Status
Not open for further replies.
Back
Top