Spydertrader's Jack Hershey Futures Trading Journal

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Quote from ljyoung:

Firstly, thank you to cnms2 for posting these data. Lastly, does anyone have the links to (or copies of) the 3 reports mentioned in the first paragraph of "Jack's SCT Report" , e.g., Perspective Report; IF1, IF2 Strategy Report; and SRSM Report?

TIA

lj
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EDIT: I have been catching up the weekends post and now see that this has been answered already.oops.

I think the answer is probably no. I posted a similar question a few pages back and got a couple of PMs from people who had unsuccessfully tried to locate these.

Perhaps someone who is in personal contact might ask JH? I did notice that earlier in this thread Spyder said he might talk about IF1 IF2 at the end of the journal.

Cheers.
 
cnms2.png

cnms2
Here is my chart marked with 2 of the trades I took yesterday.
The first trade was only for 2 ticks, I shorted thinking it was an FTT but the volume wasn't too convincing so I exited.
I'm very fond of VEs as they give me a clue to pending FTTs, the next trade appeared after several VEs, I wish I had been long but missed the move so I waited for the change to occur in form of FTT. I had meant to ride the trade down but my bracket trader was set at 1.5 points.:mad:
 
Quote from BlowFish:

EDIT: I have been catching up the weekends post and now see that this has been answered already.oops.

I think the answer is probably no. I posted a similar question a few pages back and got a couple of PMs from people who had unsuccessfully tried to locate these.

Perhaps someone who is in personal contact might ask JH? I did notice that earlier in this thread Spyder said he might talk about IF1 IF2 at the end of the journal.

Cheers.
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Thanks for following up.

All the best.

lj
 
Quote from BlowFish:

Callmate your approach sounds eminently sensible. IMO belief is one of the cornerstones of success.

I have noticed during the course of this thread Tums has very sensibly referred people 'back' to build that strong foundation of 'belief'. I think I would probably be safe in saying that he has a strong belief in the (JHM).

I am not sure his comment was made literally but regardless of this it is of great interest. I am sure that many of us have found ourselves in a similar situations. This is despite large amounts of time drilling & debriefing and a complete 'belief' in the veracity of the JHM.

Is it really disbelief? If so in what, perhaps ourselves? Or maybe it's something else altogether. (for example that good old catch all fear). I wonder if something in our psyches actually craves 'certainty'.

Anyway well done Callmate for me it's good to hear about people moving to the next step.

Cheers.
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The day we do not pass up signals in "disbelief" is the day we have arrived at SCT. ;-)
 
You had two winning trades, and that was great!

On the other hand, if the only tools you use are the ES and YM channels and gaussians, I think that in both cases you may have entered too early.

If you wait for the new tape to form (and annotate it), then trust it and enter near its RTL, you'll doubt less your entry (that often results in a premature exit), and you'll avoid entering small retraces (that you have to quickly exit, or take a loss).

Following this advice you'd've skipped your first trade, but would've made quite a bit more from the second.
Quote from callmate:

cnms2.png

cnms2
Here is my chart marked with 2 of the trades I took yesterday.
The first trade was only for 2 ticks, I shorted thinking it was an FTT but the volume wasn't too convincing so I exited.
I'm very fond of VEs as they give me a clue to pending FTTs, the next trade appeared after several VEs, I wish I had been long but missed the move so I waited for the change to occur in form of FTT. I had meant to ride the trade down but my bracket trader was set at 1.5 points.:mad:
More...
 
From your channel annotation, as well as from the two trades you've described, it seems that you're more oriented toward catching reversals. In my opinion, JH's method is more about trading with the trend: establish a channel / tape (asap), then have it show you where the price is going, more than watching for its TLs' breaks as signals for reversals.
Quote from callmate:

Today's chart so far

today-1.png
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