Spydertrader's Jack Hershey Futures Trading Journal

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Quote from guavaman:

Hopefully, I captured the formations in a substantive and productive way.
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Can you 'see' how having the formations in place allows you to calmly determine what must come next? Can you 'see' having a plan in place to handle all thee possible outcomes of a formation result in calmly taking action in a timely fashion? Can you 'see' how by using formations as a convenient 'check' for determining 'right side of the market' allows you to avoid overtrading and assists the trader in avoiding the temptation to 'head down the rabbit hole'?

If so, then you are on your way.

- spydertrader
 
a hitch day.
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ES 5 minute chart October 29

Recorded video for a good part of the day from noon till closing.
It is just ES with prv and I added a tick chart later in video. This is live annotation of the ES. As soon as I get it to convert I will post it.
 

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Quote from bundlemaker:

"Sometimes" isn't exactly objective now, is it. For a method that is supposed to dictate change or continuation (and nothing in between or unknown) "sometimes", rules of thumb, or "it only happens once in a while" is hardly useful.

And when you say "respecting", respecting what. For example, last week I posted a question which boiled down to this situaiton: price was respecting BOTH a pt3 channel AND a lateral channel (which is what a lateral formation is at base). My question essentially inquired as to which channel got more respect. Is this such a ridiculous question to ask?

THe response I got was nonsensical. It said "I gave you instructions and you didn't follow". That's a non-sequitur. My question couldn't be answered by a set of instructions. I was asking about how the market works and what takes precedence over other things.

Examples of rational answers: 1) I don't want to answer you 2)you'll have to figure it out on your own 3) channels are more imporant than laterals 4) laterals are more important than channels 5) I DONT KNOW

Instead, I was attacked, called a fool, and told to leave. Guess what, I aint leaving. Over and over, I find myself in this same situation, only to find that days or weeks later, the very same questions I was dumped on about, are asked again by someone else.

You guys are making this so easy for me :) Anyone wants to put me on ignore, fine, just understand you're sticking your head in the sand.
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Enter on the rising volume, IF1IF2 if price goes against you intrabar.

Best Regards,
Oddi
 
10-29-07 chart attached.

The low volume areas were tough for me. Should we recalculate the pace lines periodically? Trying to understand how to include volume pace in the sweeps. Thanks.
 

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Quote from oddiduro:

Enter on the rising volume, IF1IF2 if price goes against you intrabar.

Best Regards,
Oddi
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Oddi,

are you using IF1IF2 trading/sim? I tried once, doesn't really work for me. how do you do it? is it "rising volume" the key?

Thank you.
ericta
 
Quote from cnms2:

My last trade of today:
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OK, cnms2 has set the standard. From now on, if any of you are going to post your trade, you have to make an animation as well.


Great work cnms2! Both on the trade and on the animation.
 
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