Spydertrader's Jack Hershey Futures Trading Journal

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Spyder,

If not too much trouble, could you post your YM chart for today. I am interested to see how you navigated the 14:18 to 14:30 period.

Thanks in advance.

-guava
 
Quote from The Swordsman:

did you get short initially on your bracket?
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Yes it worked out ok. I got executed at 1540.75 and closed out at 1537. I didn't reverse however. I was tending to some option positions, which ironically I adjusted around 1:00 to increase my positive deltas, because I had prepared for the market to go up. So I'm happy!:D
 

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Oh, I thought you'd have a sell stop at 4300? Im surprised it filled so low. Anyways, nice work!

Also, I noticed the moment we hit 5100, price shot up 7 pts w/o looking back. That was a great spot for a buy stop.

If you dont mind me asking, how did you come up with those #'s?

Quote from WGTrader:

Yes it worked out ok. I got executed at 1540.75 and closed out at 1537. I didn't reverse however. I was tending to some option positions, which ironically I adjusted around 1:00 to increase my positive deltas, because I had prepared for the market to go up. So I'm happy!:D
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Quote from The Swordsman:

If you dont mind me asking, how did you come up with those #'s?
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I presume you mean my brackets for my OCO order... I use a very complex eyeball algorithm :p
 
Quote from Haroki:

My suggestion is to copy your RTL - on my chart it's the blue line - and place it at your buy point. So now you have copied the sentiment reflected by the original (blue) line and placed it at your buy point. The copied line is the pink line. Exit at a break of the RTL is a gain of 1 pt.

Or, you can draw in the black tape, reflecting the inc black gaus, and exit on a break of that, and had a gain of 1.50 pts.

Hope this helps.....
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You are on the right track w/ this logic I believe. I too exit "early" in any PT3 trade where I find myself entering closer to the middle of the channel. I tend to exit near the LTL (+1-2 pts) in such cases. Sure, you miss out on the times when a random crazy volatility expansion shows up to the party, but you eliminate all the frustrating losses caused by your RTL being broken after the first traverse for a wash or -1 pts. Do it a few times and 1-2 pts becomes 5-10 pts for the day.
 
Crazy day, even if you are just monitoring :). Was away from the action from 12:15 to 14:05. Pre-announcement was nuts. The YM around 14:30 was confusing to me. Generally I feel comfortable with the macro directions of the market, but calling the turns (using ES Price/Vol./PRV and the YM equivalent) is still murky to me. All in all I feel better about my growing abilities each day.
 

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Posting a video of the time starting 1:55pm and goes until 2:40.

I thought the 1:55 bar was an FBP, when it starts you will notice the bar is labeled that way.
As the bar formed it became a lateral and I made the adjustment.

A point three down forms at 2:05. The next bar opens at 2:10 and I begin to think this is a Sym.pennant.
Started to annotate the bar that way when it just dropped.

Although The channel was down at that time , the speed at which the bar broke down caught me a little by surprise.
Knowing that I was in a down channel at the time it broke down fast , at least gave me a feeling of not being lost when it happened.

This stuff really works ! :cool:

video link : http://www.screencast.com/t/v2A6brf6t6l
 
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