Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader:

I can't speak for everyone posting, but it appears (to me at least) as if everyone has followed the methodology exactly as described. They have posted examples of where they 'see' the market signals in a manner which appear crystal clear (to them). Where the signals appear somewhat muddled (or less clear [to them]), they either do not trade, or sideline from the trade currently underway. Each person contributing has attempted to build a foundation of positive trades. So far, it appears to be working.

- Spydertrader
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OK Spyder, thank you for clearing this out to me.

Best Regards,
 
Quote from callmate:

slightlybetterview.png


A better view of my trade, sorry the gaussians are missing, refer to the previous chart:D
Thanks TUMS:p
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callmate, could you explain your thought process (mada) on how you spotted this ftt?
 
Quote from ang_99:

callmate, could you explain your thought process (mada) on how you spotted this ftt?
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M= annotating ym, 2 min es chart, and 5 min es chart, VE , FTT and prv
A= 123 on ym and es 2 min chart with beautiful Gaussians r2r, watch es 5 min the now bar, compare to the previous bar, look at the gaussains ( I have memorised this pattern after studying 100s of charts)
D= FTT short so I saw it, no hesitation, if I am wrong, apply IF1 and IF2
A= SELL
When I saw the trade retracing (4 points in the bag) I exited. I believe there is nothing wrong with taking profit when I become more confident I can explore the idea of change/continuation further.
I hope this helps:D
 
Quote from callmate:

M= annotating ym, 2 min es chart, and 5 min es chart, VE , FTT and prv
A= 123 on ym and es 2 min chart with beautiful Gaussians r2r, watch es 5 min the now bar, compare to the previous bar, look at the gaussains ( I have memorised this pattern after studying 100s of charts)
D= FTT short so I saw it, no hesitation, if I am wrong, apply IF1 and IF2
A= SELL
When I saw the trade retracing (4 points in the bag) I exited. I believe there is nothing wrong with taking profit when I become more confident I can explore the idea of change/continuation further.
I hope this helps:D
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Thanks a bunch.
 
A very sloppy 9.5 points.

The good news is I was never down more than half a point even when trading like garbage.

Too many trades today. Tomorrow will be more precision and will explain mada.
 

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We all have to answer to ourselves:
1. are we playing video games? or are we developing prudent trading habits.
2. are our success due to sound MADA? or random luck?
 
Sorry, here is my M.A.D.A for the trades on the chart that I posted above.

Symbol Side Qty Res Price Status ExchTime
ES/MAR08 S 2 0 1459.00 Normal 10:40:48.000
ES/MAR08 B 1 0 1456.00 Normal 10:46:31.000
ES/MAR08 B 1 0 1455.50 Normal 10:48:26.000
ES/MAR08 S 2 0 1450.75 Normal 11:29:13.000
ES/MAR08 B 1 0 1450.00 Normal 11:35:44.000
ES/MAR08 B 1 0 1451.00 Normal 11:36:26.000
ES/MAR08 S 2 0 1464.00 Normal 13:53:09.000
ES/MAR08 B 1 0 1463.75 Normal 13:58:32.000
ES/MAR08 B 1 0 1464.25 Normal 13:59:40.000
ES/MAR08 S 2 0 1465.00 Normal 14:15:03.000
ES/MAR08 B 2 0 1468.00 Normal 14:18:05.000



Trade 1: Sell 2 @ 1459.00 Reason: Identified as a new pt 3. played off the M with decreasing black volume followed by increasing red in both markets
Buy 1 @ 1456.00 Reason: Approaching our left trend line
Buy 1 @ 1455.50 Reason: " "

Trade 2: Sell 2 @ 1450.75 Reason: Retrace was ending and volume was increasing towards the dominant red.
Buy 1 @ 1450.00 Reason: Price closed above the MA and it was a possible pt 3 in an up channel formation
Buy 1 @ 1451.00 Reason: " "

Trade 3: Sell 2 @ 1464.00 Reason: Saw it as an FTT and Gaussian shift towards the red.
Buy 1 @ 1463.75 Reason: Was a flaw and not an FTT, exited as soon as we noticed this
Buy 1 @ 1464.25

Trade 4: Sell 2 @ 1465.00 Reason: Saw it as point 3 change to a down channel. Broke out of our up channel in both markets.
Buy 2 @ 1468.00 Reason: Determined it was not a point 3, the point 3 was actually formed on the up channel on the MA

Result: +0.50
 
Quote from Tums:

We all have to answer to ourselves:
2. are our success due to sound MADA? or random luck?
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I used to think it was luck. Although Spyder mooted the idea of MADA some months ago, I didn't take much notice until I saw Tums analysis yesterday. I went back and re-read what Spyder had written many many times and then applied it to some Globex trades this morning. What a difference it made to my thinking and discipline. It made think, it made me pause and review my trades again and again.
For monitoring one is annotating ym, es, looking for ftts, 123s, drawing channel lines, gaussians, r2r, b2b etc. For analysis, what comes next, jokari window, harmonics, pennants, flaws, FBS etc.
I write under each heading then review my notes at the end of each trade, I feel I am beginning to make progress. I would like to extend my thanks to all the wonderful people I have come across here on this thread and elsewhere on ET.:D
 
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