Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
Quote from guavaman:

What can I say and where do I begin. Although it has been done so many times it bears repeating. Let me give the obligatory thanks to not only Spyder who has really engaged in thoroughly selfless and gracious act, but to all those who have supplemented his efforts with their own insights.
Having said that,I have to say after reading through a good deal of the thread and its ancillary material; my eyes have nearly rolled up in my head. At times it is as though I have some very tenuous grasp of the method only to read the very next thread and chart and realize how desperately arbitrary all the lines appear. Truly overwhelming. Yet it also appears that others have mastered the method given the same info presented to me. Which at the present time remains a mystery.
Here at last is the query: Is there a succinct and straightforward description of this method, a primer of sorts (the Jack Murphy Channels for Building Wealth although descriptive it is not straightforward enough for my manifestly weak mind) that starts at the open (presumably the tape) and walks through EOD? I may simply have not gotten to it reading through the Journal. If anyone is aware of the existence of such an animal I would be greatly appreciative.
More...


Drawing the channels is not exactly rocket science. Forget the rest of it. Draw the channels and post them for a couple of weeks for critique. When you come proficient at that, start annotating.
Take it one step at a time and it is not that difficult. Stop trying to figure out the "the method" and concentrate on the first step of the method.
 
Quote from PointOne:

[If anyone is in any doubt about the PV relationship or remains sceptical, I humbly suggest you look closely at Spydertrader's most recent 2 responses to me. Just awesome.

:) [/B]
More...

These little exchanges are helping me more than anything else. This one is priceless.
 
Thanks to all for responding. The advice to take a bite of the elephant instead of trying to swallow it whole is probably the best route. I have seen the video and will watch again. Did Pr0crast develop a formal review? I will search for it but if there is a link I would appreciate it.
Thanks again, this is really an amazing thread.
-guava out
 
Quote from Bearbelly:

Would not extremes in str/sq be more indicative of change rather than of continuation?
More...

Depends on the context. If I held a long position, and watched STR / SQU jump up to +10, we have continuation. On the other hand, had a held a short position and observed the same +10 jump, I'd have change.

- Spydertrader
 
Spyder,

Could you please review the attachement when conventient and comment? I know others I speak with have the same issue. It boils down to making the initial call correctly, and then what appears to be cause to reverse turns out to be false move.
 

Attachments

Spyder,

Are you saying, that if you were LONG and saw a STR/SQU reading of -10 you would "instantly" reverse to a SHORT position no matter what price was doing? If yes, at what other levels would this action occur ........ -4, -5, etc. ?

Again if yes, wouldn't volatility affect these action levels?
 
Quote from bundlemaker:

Spyder,

Could you please review the attachement when conventient and comment? I know others I speak with have the same issue. It boils down to making the initial call correctly, and then what appears to be cause to reverse turns out to be false move.
More...
bm:
do you have the corresponding ym charts?
 
Status
Not open for further replies.
Back
Top