Spydertrader's Jack Hershey Futures Trading Journal

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If I may:

In my opinion it's not that important if "it touched". This method works even when you drew one channel incorrectly, and when you mislabeled an FTT, FBO, BO, flaw. It self-corrects almost immediately.

On the other hand, there is always some noise in the markets, both in price and volume, and the lines we draw and the annotations we make have a certain degree of flexibility (or incertitude, if you like).

You have to always keep in mind the bigger picture.
Quote from PointOne:

Many people have asked if the 10:10 bar was an FTT.

On my chart it looks like it touched if I use thick lines, not if I use thin. On others it looks like it missed by a tick. Who is right?

Looking at the strict geometry:
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Quote from cnms2:


You have to always keep in mind the bigger picture.
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Yes, you're right - the bigger picture is automating this sucker so I can go fishing. Thanks for your input.
 
Quote from Pr0crast:

vol 3 posted. links to the old ones too for those who missed them. vol 4 coming by end of may.
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Thanks. I missed one of them. This gave me the chance to update my files. I appreciate all of your work to compile this journal.
 
Quote from cnms2:

If I may:

In my opinion it's not that important if "it touched". This method works even when you drew one channel incorrectly, and when you mislabeled an FTT, FBO, BO, flaw. It self-corrects almost immediately.

On the other hand, there is always some noise in the markets, both in price and volume, and the lines we draw and the annotations we make have a certain degree of flexibility (or incertitude, if you like).

You have to always keep in mind the bigger picture.
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I saw a big green bar and was looking for a retrace and then continuation. For me that was the big picture. Had I seen this bar failing to touch LTL (even by one tick) I would immediately have market it as FTT and point 1 and start looking for point 2 and point 3 down. IMO one tick does matter (in this case, around LTL) and bars are very precise and so is the market.

regards,
Ivo
 
Chart for the morning.

Although tight range I traded very well. Caught all FTT's etc. Just beginning I was a little confused but then it was easy. We were going lateral first few bars and we came from up (yesterday) so first uptape broken down was the signal (pt3)

Even pushing the hold button worked out although could be better.

regards,
Ivo
 

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Quote from ivob:

Chart for the morning.

Although tight range I traded very well. Caught all FTT's etc. Just beginning I was a little confused but then it was easy. We were going lateral first few bars and we came from up (yesterday) so first uptape broken down was the signal (pt3)

Even pushing the hold button worked out although could be better.

regards,
Ivo
More...

Copy that. Since today is so flat, I decided to look at the very fine detail not trade. This afternoon is really flat.
 
Quote from Spydertrader:

05-17-2007 ES Chart

Fun Day. Now, It's time for some Bass Fishin' with Excav8tr & T&T.

- Spydertrader
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Jesus!!

I will need 3 hours to fully understand this chart :D :D

Thanks Spyder... :)

(Does anyone have a Katana nearby? I think I need to cut some bushs here :D ):
 
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