Spydertrader's Jack Hershey Futures Trading Journal

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Quote from 8833broc:

I had a difficult time with the trend lines today. Alot of adjusting of what I thought was pt 1 or 3. Not sure if it was because I am using a new charting package for the first time or it was a result of just how today was.

Graph attached.
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because you were using a 10 min chart instead of a 5?
 
I felt like today was difficult too. Not much follow through, lots of back and forth action. I was trying to follow Mak's approach and be more strict on my channels. Worked OK in the morning, but I found it tough going in the PM. Anyway, here's today...
 

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Bundlemaker said:
It's clear (to me at least) that the earliest possible indent of FTT, even if you end up being wrong, is the correct procedure. By doing this, I've observed you are much more likely to be able to escape break even or even a couple ticks profit in those cases where you entered incorrectly.
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I propose a new motto:

FTTs -- GUILTY until proven innocent!
 
Quote from bi9foot:

Personally I would keep it simple and not worry about the lunch time.

MAK had posted a study of the ES point range at given volume levels and noted the riskiest entries are during the low volume periods. The graphic has been referred to several times (I think in this futures journal as well).

EDIT here it is http://www.elitetrader.com/vb/attachment.php?s=&postid=1321447

In fact, if I remember correctly, MAK does not do anything until the volume for a 5 min bar has exceeded 2500 contracts.
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It is all coming!!! We are just getting organized.
 
QQ re trading today

I see a lot of bars on the 2min and even 5min which have shot up on huge vol only to close at or below their open price. How should we interpret this?

The ones I'm thinking of today happened (on the 5min) at 10:00, 10:55.

In other circumstances, I'd have figured that these would indicate an inability to sustain a rally and so would portend a reversal. But not today. Does anyone know what's going on?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1332267"/>
 

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Quote from foible:

QQ re trading today

I see a lot of bars on the 2min and even 5min which have shot up on huge vol only to close at or below their open price. How should we interpret this?

The ones I'm thinking of today happened (on the 5min) at 10:00, 10:55.

In other circumstances, I'd have figured that these would indicate an inability to sustain a rally and so would portend a reversal. But not today. Does anyone know what's going on?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1332267"/>
More...

It was my birthday yesterday so I am running several 250 contract partial fills into the market.

Sorry about the spikes.
 
Quote from jack hershey:

It was my birthday yesterday so I am running several 250 contract partial fills into the market.

Sorry about the spikes.
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:p

Is that the trader's way of buying a round for the boys?
 
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