Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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I am noticing it is VERY important to watch the daily / hourly major up / down dominant channels... when we break these a lot of big money goes in that direction...
at around 9am PST this morning the market broke the Hourly / Daily uptrend channel that had held for 7 trading hours and is now selling off with MATCHING volume readings... obvious trades and pace settings via MAK... anyway NOT to be missed...
so it seems to be REAL important to notice when my 5 min bar channels are in the area of Hourly / Daily channels...
I have now seen this happen a number of times in the last 4 weeks...
cj...
at around 9am PST this morning the market broke the Hourly / Daily uptrend channel that had held for 7 trading hours and is now selling off with MATCHING volume readings... obvious trades and pace settings via MAK... anyway NOT to be missed...
so it seems to be REAL important to notice when my 5 min bar channels are in the area of Hourly / Daily channels...
I have now seen this happen a number of times in the last 4 weeks...
cj...
Magna
Administrator
As both Spydertrader and I have implored you, please to not respond to and especially please do not quote the trolls. It repeats what they say which forces people who have them on ignore to read, it reinforces what they say, and it gives me more work when I clean-up. We're all disciplined traders here (ahem) so please show a little restraint and resist the temptation to respond to or quote the inevitable idiots who like to muck up a thread. Thanks.
One thing for sure. There is nothing better than price, trendlines and volume. Everything else lags. Jack is partly responsible for me still experimenting with indicators, most recent example when he told someone on the SPM thread that you could simply reverse on the zeroline crosses of the 5,3,2 stochastic and make money. I have him on ignore now because I do not want to get distracted again. In fact I think I am going to stop reading any other threads.
Do you find the ftt signals in the afternoon to be as reliable as those in the morning? I have a much more difficult time reading them when the volatility drops so I pretty much avoid trading in the pm. Curious if others are doing ok with it.
Do you find the ftt signals in the afternoon to be as reliable as those in the morning? I have a much more difficult time reading them when the volatility drops so I pretty much avoid trading in the pm. Curious if others are doing ok with it.
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