Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
Quote from Pr0crast:

I originally posted this in the equities journal, but since it has to do with Gaussians I'll post here too.

This is GROW. Gaussians might be a bit tricky. If you don't understand what I have drawn, speak up and we'll discuss.
More...

PC:
can you make a play-by-play narration?
 
Quote from WGTrader:

OP,

Here is my log sheet for today (I use a simple Excel worksheet). Mind you my notes are kind of cryptic and it's unedited. I use the YM and MAK's great PRV tool. I record what I'm doing in RT. Keep in mind that this is a paper exercise, but I treat it seriously.
More...

That was really helpful. Thanks. =)
 
Here were the "correct" forest trades as I see them in hindsight (green = buy, red = sell). If anyone sees it differently, I'd like to hear how. In RT, I was there for half of the day and netted 12-15 pts if I recall :) Not too shabby.
 

Attachments

Quote from Tums:

PC:
can you make a play-by-play narration?
More...
Sure.

My original post:

Quote from Pr0crast:

I originally posted this in the equities journal, but since it has to do with Gaussians I'll post here too.

This is GROW. Gaussians might be a bit tricky. If you don't understand what I have drawn, speak up and we'll discuss.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1383344">
More...

The first point I was trying to make with this chart was that gaussians aren't always "perfect" formations. R2B = DOMINANT red, RETRACE black (we are talking about price). For some of these gaussians, this holds true even though you see decreasing height in the red volume bars. If this confuses you, try to note that there are more than twice as many red bars as there are black bars in these R2B gaussians.

Also, to get that R2R that I have annotated under the GREY channel, you have to "look inside" the bars. I DID NOT go down in fractals to see what happened, I stayed on the daily chart and used logic to deduce. That first red bar after the two black bars under the gray channel you can cut up into two pieces mentally, because intrabar the pace changes from retrace red to dominant red.
 
Quote from WGTrader:

OP,

Here is my log sheet for today (I use a simple Excel worksheet). Mind you my notes are kind of cryptic and it's unedited. I use the YM and MAK's great PRV tool. I record what I'm doing in RT. Keep in mind that this is a paper exercise, but I treat it seriously.
More...

Amazing work
 
Quote from nzbryant:

Amazing work
More...

NZ,

I should mention that while I believe I'm getting more comfortable with my channel annotating skills, I'm still very much in the learning stage. My quickness to see a profit and take it may or may not really be the right way to do it (even though it's an exercise). I'm not sure if I should be posting my cryptic log sheets for the class, but I will say that it has helped me a lot to make notes of what I think I'm seeing in RT. I would recommend everyone keep a log sheet if they're not already doing so, not necessarily to share, but for your own record of your day. It helps me a lot.
 
Quote from WGTrader:

NZ,

I should mention that while I believe I'm getting more comfortable with my channel annotating skills, I'm still very much in the learning stage. My quickness to see a profit and take it may or may not really be the right way to do it (even though it's an exercise). I'm not sure if I should be posting my cryptic log sheets for the class, but I will say that it has helped me a lot to make notes of what I think I'm seeing in RT. I would recommend everyone keep a log sheet if they're not already doing so, not necessarily to share, but for your own record of your day. It helps me a lot.
More...

IMO the best combo is to take a log sheet like that (however detailed or not detailed you care to) and also record the day with camtasia. Then you can compare your notes with real-time action to better analyze the right/wrong processes in your thinking.
 
Status
Not open for further replies.
Back
Top