Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
- Start date
- Status
i would love to trade the SCT method, however from what i have read all these methods need to be traded intraday. i have a full time job and that simply is not feasible, neither am i willing to take the risk of quitting my job and taking up
trading full time.
what i want to know is whether the SCT method is tradeable on a daily fractal? i.e just the bare bones of it, the FTT, channels and volume. i find that intraday trends are much easier to enclose with channels than daily chart trends which seem to yield more FBOs and BO of the right trendline
IF there is anyone who has traded this method successfully on daily OHLC charts, id love to learn how to trade it
thanks
trading full time.
what i want to know is whether the SCT method is tradeable on a daily fractal? i.e just the bare bones of it, the FTT, channels and volume. i find that intraday trends are much easier to enclose with channels than daily chart trends which seem to yield more FBOs and BO of the right trendline
IF there is anyone who has traded this method successfully on daily OHLC charts, id love to learn how to trade it
thanks
Yes. Start Here. Use the FTT Methods (Price and Volume) with Equities, and you can trade entirely on an EOD basis.
- Spydertrader
I've tried that, however the initial universe
of stocks is very difficult to obtain the reason being that i am in Australia and the initial universe criteria dont quite fit that well. I've tried fiddling around with the criteria, but i seem only able to generate a few stocks in the final universe and even fewer stocks with sufficient daily volatility to warrant trading them.
If SCT can be done EOD it'd be great as the SPI has good liquidity during the day and pretty decent volatility.
A couple of guys from Australia (over in the Equities Thread) use the Hershey Methods to trade the US Equities Markets (using an automated strategy) from downunder. They both seem to do pretty well. Perhaps you could contact them and see how they have adapted.
- Spydertrader
thanks, will look into it. so it is essentially impossible to adapt SCT to daily fractals spyder?
Mak, Spyder:
Do you check or calculate the fair value of Eminis every morning before you enter the trades?
If the premium is a little high, say, 3.50 to 2.00 greater than the fair value of Index Futures, What Actions do you take?
Market order or the best bids that you consider?
Many thanks!
Do you check or calculate the fair value of Eminis every morning before you enter the trades?
If the premium is a little high, say, 3.50 to 2.00 greater than the fair value of Index Futures, What Actions do you take?
Market order or the best bids that you consider?
Many thanks!
I'm sure Mak can provide you a far more detailed answer. After all, he uses the premium in a different manner than myself (I don't use it at all
).Nope.
Other than reset my offset on STR / SQU (a discussion for another month), I take no additional actions.
I use market orders maybe 98% of the time. During the other 2%, I'm just showing off.
- Spydertrader
Good debrief. I've had plenty of those days too
A Forest level FTT does speak to you. You have to remain alert and patient: not too reclined though, as the good prices aren't available for long. All subsequent prices will give you grief in the retraces as price seems to go where the pain is highest for the most recent entrants.
===
BTW has anyone viewed the "logical" charting camtasia?
- Status