Spydertrader's Jack Hershey Futures Trading Journal

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Am having the same issue as CC. Mak, I know you use esignal...do you have any advice about the aforementioned issue? Also, do you know how to set the scale to 2 pts? I have tried and tried but cant find a way to do it. I am technologically challenged :)
 
with the carry over down channel the bottom boundary was clearly defined for bottom trader to take advantage of it. And the gentle slope the down channel help trader to steer away from this is it!market going to crash mentality :D
 
I agree, but I couldnt draw my channel correctly b/c I have data from yesterday which stretches out my chart and makes my channels "inaccurate". I am glad someone else brought it up b/c I noticed this issue too.

Quote from nkhoi:

with the carry over down channel the bottom boundary was clearly defined for bottom trader to take advantage of it. And the gentle slope the down channel help trader to steer away from this is it!market going to crash mentality :D
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Quote from Lightbody:

Thanks for posting the chart. I guess I am missing something.

That is how is the orange FTT and green FTT are FTTs.

The orange fully traversed the tape. then we had a B2B on the volume afterwards. Does the B2B make this orange FTT an FTT after the fact?

The green FTT s are labled on expansions of the LTL. Obviously, they fully traversed. (they are not in the green carry over channel.

Perhaps I am missing the big picture here.

Thanks.
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Lightbody,

I don't get the orange FTT either (I don't see a long FTT signal until the move is well underway), but the green ones are similar to those I asked about last week; Spyder and R/R explained it here:
http://www.elitetrader.com/vb/showthread.php?threadid=83604&perpage=6&pagenumber=204

HTH
 
Quote from Lightbody:

Thanks for posting the chart. I guess I am missing something.
That is how is the orange FTT and green FTT are FTTs.
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See attached with arrows to the actual FTT bars. With respect to the orange FTT, price opened, then continued down before retracing higher. Thus price failed to traverse to the left trend line forming a double bottom with the previous bar. In the green channel, price 'just missed' the left trend lines on the areas marked. Both the 'green' channels FTT's failed to break out - resuming the uptrend.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1366794>
 

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Quote from Spydertrader:

See attached with arrows to the actual FTT bars. With respect to the orange FTT, price opened, then continued down before retracing higher. Thus price failed to traverse to the left trend line forming a double bottom with the previous bar. In the green channel, price 'just missed' the left trend lines on the areas marked. Both the 'green' channels FTT's failed to break out - resuming the uptrend.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1366794>
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Thank you. I was not looking at the bars you had the arrows pointed to. Additionally, I was looking at the green FTT's more as a flaw such as a hitch, dip or stall. I will have to study this issue some more. I appreciate your help.
 
I believe was is confusing to me about these recent FTT's is that I thought an FTT could occur ONLY after price had touched the RTL and then subsequently failed to retrace to the LTL. In Spyder's orange channel, it appears to me that price did touch the LTL after pt 3 and then attempted to retrace, though not all the way to the RTL, before continuing further down. I guess I'm having trouble grasping this for some reason.

John
 
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