Spydertrader's Jack Hershey Futures Trading Journal

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Quote from nkhoi:

just want to see if this one can match Mak chart
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Well, this is my 5M. I would comment on the YM but it's OT. To me, it looks good enough. I had one interesting bar (ie. 8) which was a BO that failed. Were we cheating, we would have know exactly where the warning sign would have popped up well before it happened...


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1341343>
 

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MAK,

Actually I didn't want to go into the first 2 questions, they were just "yes" or "no".

The third question was on gaussians in general, not the YM. Harmonics should be able to be seen on the ES. I thought they might be a clue to end effects/changes, as we move into slow pace or CCC.

If you think the harmonics are for later I can wait. Thought they were related to the gausians.

Thanks for the reply, I was beginning to think you had me on ignore. :)

-EZ
 
Quote from Ezzy:


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The third question was on gaussians in general, not the YM. Harmonics should be able to be seen on the ES. I thought they might be a clue to end effects/changes, as we move into slow pace or CCC.
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For me, I have not recognized harmonics in any type of timely fashion. Don't get me wrong, if at some point I recognize that the geometry is even, that is nice. If at another point I recognize that it is odd. That is nice. However, I have not been able to relate the continuation of the harmonic. Nonetheless, it is a great point to elaborate on, specifically the fact that I cannot evaluate how it is that a harmonic fits in. Does it stop me from being on top of the action??? Absolutely not. I just use what I know. If at some point I can make dollars and cents from sorting out the unfolding of harmonics, that will be icing on the cake. Do I think I'm missing anything from trading by not knowing how harmonics fit in??? Not at all! So should be the addition of YM. If one day YM becomes dull and illiquid, it should not debilitate anyone. This is our slant. Perhaps Spyder could put in his $.02, although, he is currently engaged in more exciting matters. If I could only be there. The man's got me this weekend... RRR!

Regards,
MAK
 
Quote from bucherwin:

Mak:

I need some critic from you.

Thanks.
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Mak posted the same chart 4 posts back. Overlay his channels on your channels, most of diff were during morning but you seem to get in groove later on.
 
Here's a schematic I put together on the P, V, A/D relationship following Jack's methodology. It's written from a long stock perspective but is equally applicable to futures:
 

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I noticed in the syllabus that there was no mention of Pivot Points, Support, or Resistance. For me, having these in before the day begins is very very helpful in finding where the stop signs might be.

I am still working away on stocks but found PP specifically helpful with daytrading the ES.

Mak and Spy are much further ahead than I am in skills so maybe PP is not as impt as i have found them to be.

I will be on vaca for a couple weeks but am looking forward to the YM. I have heard that it leads eventhough I have still not seen it with my own eyes:eek:
 
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