Spydertrader's Jack Hershey Futures Trading Journal

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Well, I knew we had an important econ # at 10 today so I waited until price reacted to the news to see what the verdict was. I almost sold into the bar as it spiked higher when the buying slowed down since the inital reaction to the # was inc red down but I hesistated as I generally dont like to trade right after the news is released (Im not good enough yet) but felt it was a good idea. Sure enough, intrabar swing back down on increased red and we had our pt 3.

Quote from Failure2Travers:

The reason I thought about making the first channel a PT. 3 was because it aligned very well with the moving average. I would not enter a PT. 3 trade without increasing volume, but I have noticed how well the moving average behaves when trying to identify a real PT.3. I realize that if I would have entered the trade on increasing volume then I should be out on the 10:10 FTT. There was rapid price movement on the 10:00 bar and I am nowhere near the skill sets to trade intrabar.
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Not a good day at all for me.

I was especially surprised by the fbo that followed the moment the graph I attached. At the current bar (now) everything looked like price would go up. We had a valid breakout and volume was getting lower and lower at two consecutive bars. MA was turning around.

I know we are supposed to not predict. We are supposed to know. At this very moment I was convinced price would continue up.

Anyone else had problems with this?

The pattern at this moment is that I have some gains every day and I give it all back in a bad day. Happened a few times already.

Ivo
 

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Quote from BlowFish:

Tiki, Thanks.
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I feel the same way for all the contributions made over the last year from all involved in this journal.

Thank you to all those who have worked so hard to bring this together, and to all the personal time dedicated.
:)
 
Quote from ivob:

Not a good day at all for me.

I was especially surprised by the fbo that followed the moment the graph I attached. At the current bar (now) everything looked like price would go up. We had a valid breakout and volume was getting lower and lower at two consecutive bars. MA was turning around.

I know we are supposed to not predict. We are supposed to know. At this very moment I was convinced price would continue up.

Anyone else had problems with this?

The pattern at this moment is that I have some gains every day and I give it all back in a bad day. Happened a few times already.

Ivo
More...

I was stopped out at previous close - 1 tic. where's your stoploss? SMA？
 
Quote from ivob:

Not a good day at all for me.

I was especially surprised by the fbo that followed the moment the graph I attached. At the current bar (now) everything looked like price would go up. ...
Ivo
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yes, except for that little d/top everything looked just fine but when that d/top didn't get breached, it gave you some concern.
 

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