Spydertrader's Jack Hershey Futures Trading Journal

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Quote from ivob:

Hello,



Hello,

I haven't resigned myself to anything. It's just a fact that I perceive things differently at this moment when I have a position on and I think this is the case with almost everyone. I don't want to but it happens.

Therefore I state that the most objective position is no position and objective we need to be to be succesful.

Of course we should all behave as if we don't have a position on and this is what we are trying to learn. It is just not always the case. Not 100%

regards,
Ivo
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Hi figured that might be what you meant :) Of course recognising what the issues are is the first step to getting them corrected.
 
Quote from ivob:

Hi,

Check my chart.

Each traverse (channel within the forrest) should have a directional change before it's a channel. In general the breaking of the tape in the opposite direction.
There is intra bar change at the 10 am bar. (first continuation down then decr black).

The same should happen in the other traverse (my blue channel). You first wait for a point 3 up. 10:10 - 10:15 form a downtape it is broken to the upside at 10:20 then the same bar has change again.


At this very moment we wait for a point 3 down. (I still have to adjust purple channel). IMO we are going from point 2 to point 3 after the blue channel BO. (10:45 = pt2)

regards,
Ivo
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I noticed that your observation has worked very well. Is this strategy always used to help get you into a big picture point 3?
 
A couple of questions for Spyder or whomever:

1. On rollover day, is it useful to carry over the appropriate channels from the prior day (YM/ES08) given the poor volume?
2. There is still substantial volume associated with the YM/ESZ7 contracts this AM. No doubt this will continue to decrease as expiration day approaches (it's already decreasing today). Any advantage to using one or the other contract in this "rollover period"? Is it simply best to use the one with the greatest liquidity?
3. If one compares the two contracts, it's interesting [interesting = I don't know WTF is going on] to observe subtle differences in bar morphology and volume. Any thoughts on this?
4. When doing a STR/SQU setup, especially on a day like today, is it useful to look to a "ranging" period in the YM (like this AM's 9:40-44 or 9:52-56) as an area of calm? The first of these would seem to be better than the second because of lower price volatility but "volume profile" considerations may also be important.

TIA

lj
 
Quote from nkhoi:

sounds like too much works, I switch everything to March and just watch.
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Thanks nkhoi. The practical answer for question 1-3 (implying fageddabout CO's today??), but what about question 4? How did you setup your STR/SQU today, if you don't mind me asking?

TIA

lj
 
Quote from Avi 8:

Yes!
Brings to mind the old saying, 'analysis - paralysis'.
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Agreed avi8. One does not want to get stuck in a fruitless M-A-M-A-... cycle. On the other hand, the simple act of asking questions, IMO, is always of benefit. At the least, it keeps one's ego in check, either intentionally [I asked the question because I didn't know] or unintentionally [I asked a smart-ass question and got nailed].

lj
 
Any ideas on how I could have distinguished the FTT @ 13:55 from a flaw? It seemed alot like a flaw to me untill price started to move against me on the 13:10 bar. What did I miss?
 
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