Spydertrader's Jack Hershey Futures Trading Journal

[Harold Balls]

I meant no malice towards you OC but I have to be honest when i see this kind of stuff. Forget what you already know about trading and focus in on whats being taught. The other stuff you are using will only get in the way at this point. If you want to make real progress, thats my suggestion. Happy trading

Quote from optioncoach:

Sorry to get under your skin there Balls, but the entries I am using come from the same channels that are being drawn here which I learned from reading current and old threads. I have some other criteria for the trades from past experience but I am not shoving them down your throat nor am I plastering them all over the screen.

If it is distracting then you could ignore my posts or if you feel I am ruining your class, by all means I will not upset the karma.

The candlestick formations and pivot points I use work well for me in conjunction with this approach but I know it is not "taught" here and I have not asked that i be included. I only mentioned them on one post to be honest.

As for the 20 lot, congrats, but I already admitted I am working on my exits....

bowing out...

 

[Tums]

I hope I didn't come out sounding like the Candle police, because this is the third time I am telling people to drop the candles.

In all seriousness, there are enough material to absorb as it is. Without some kind of focus, it is easy to get side tracked.

 

[nkhoi]

Quote from optioncoach:

..The candlestick formations and pivot points I use work well for me in conjunction with this approach but I know it is not "taught" here and I have not asked that i be included. I only mentioned them on one post to be honest.
...

I create a new work space just for this method, I left all indicators ,all candle set ups, all TF, all tick and volume charts in the old work space. I look at them some times but I use the new work space to follow spyder line by line, channel by channel and I found it is much easier to follow his trail of thoughts since I don't have to filter my stuff from his stuff any more. I have no doubt that after I master his stuff and then I add back my stuff I will reign supreme (in my mind, of course) but for now I rather have my chart looked identical to his

 

[nzbryant]

Quote from jack hershey:

Frame this.

The emotions of data sets and the routine using NOW are: support, comfort and confidence.

Bob (bundlemaker) is on the mark. The CW emotion set appears from incomplete sets and sub looping with single data elements.

When you depart from observing the taking of the data set, you now longer have the support of your belief; you lose the comfort of knowing how to know; and you no longer make each pass of the routine a building on success which is where your confidence comes from.

Frame this post of Bob's.

Thank you Bob, and Jack. Jack - you do all this teaching for free - and it is so valued. Please ignore the detractors.

 

[El OchoCinco]

Well I am not a newbie here at trading futures and I have taken what is being taught and using it specifically and solely for the first time over 4 days I have made money each day. So I already am a "believer" and I have put in hours reading old threads. The principles are sound and that is why it works. There is no need to close your eyes, turn your back on all your experience and follow anything blindly. I feel confident that my other "reads" enhance my entries. I still am working on my exits and that will come with time.

But never accept anything blindly. JH and Spy have done a great job explaining in excruciatingly generous detail but I also have to be honest. Many of you will never see exactly what JH and Spyder see. One of the Market Wizards was quoting as saying that he can teach 1000 people his exact method and style and maybe 100 will trade exactly like him because of their own individual views, wekanesses or habits as well as past experiences. The rest will trade some adapted version of it and many can still make money.

Sso work as hard as you can to get the methodology down but it do not assume that someone cannot incorporate something from your own successful experience or vision into the method as long as you are not overriding the underlying methodology or trying to change the settings, signals or reasoning.


So I appreciate the advice and if my experience is distracting I apologize.

Quote from Harold Balls:

I meant no malice towards you OC but I have to be honest when i see this kind of stuff. Forget what you already know about trading and focus in on whats being taught. The other stuff you are using will only get in the way at this point. If you want to make real progress, thats my suggestion. Happy trading

 

[Bearbelly]

If you dont want Optioncoach to distract you simply put him on ignore and go on about your business. Personally I like to see what other people are doing with the stuff.

 

[Harold Balls]

Not me, I am already zoned in and carving the mkt daily, I just meant it for others who are not as far along as I.

Quote from Bearbelly:

If you dont want Optioncoach to distract you simply put him on ignore and go on about your business. Personally I like to see what other people are doing with the stuff.

 

[Optionpro007]

Quote from optioncoach:

Well I am not a newbie here at trading futures and I have taken what is being taught and using it specifically and solely for the first time over 4 days I have made money each day. So I already am a "believer" and I have put in hours reading old threads. The principles are sound and that is why it works. There is no need to close your eyes, turn your back on all your experience and follow anything blindly. I feel confident that my other "reads" enhance my entries. I still am working on my exits and that will come with time.

But never accept anything blindly. JH and Spy have done a great job explaining in excruciatingly generous detail but I also have to be honest. Many of you will never see exactly what JH and Spyder see. One of the Market Wizards was quoting as saying that he can teach 1000 people his exact method and style and maybe 100 will trade exactly like him because of their own individual views, wekanesses or habits as well as past experiences. The rest will trade some adapted version of it and many can still make money.

Sso work as hard as you can to get the methodology down but it do not assume that someone cannot incorporate something from your own successful experience or vision into the method as long as you are not overriding the underlying methodology or trying to change the settings, signals or reasoning.


So I appreciate the advice and if my experience is distracting I apologize.

Harold has a point OC.

And it is nothing personal or with your style of trading.

Is just that in this case I doubt anybody here really cares about how you trade, so in a way it is distracting to everybody.

Again, nothing personal. Just not part of the program we are following.

And as Spyder so eloquently says, you are free to choose your way from here...(follow the curriculum as prescribed or not)

 

[El OchoCinco]

I understand where you are coming from. I have been looking at candlesticks for years, they are second nature to me and they do not override the channels that are drawn. For me they act as a security blanket to reinforce my labelling of FTTs or breakouts. I am trading the channels, not the candles, but the candles burn in the background and give me an extra sense of confidence. I have yet to see a candle contradict a FTT which makes me happy.

It is clear to me but I do not advocate it.

Sorry for these discussions which might take away from everything.

Quote from Tums:

I hope I didn't come out sounding like the Candle police, because this is the third time I am telling people to drop the candles.

In all seriousness, there are enough material to absorb as it is. Without some kind of focus, it is easy to get side tracked.

 

[El OchoCinco]

ok ok, but my entries are directly in line with the method taught here. I am not the one focusing on the other stuff in my posts.

No need to respond as I dont want to take away.

Quote from optionpro007:

Harold has a point OC.

And it is nothing personal or with your style of trading.

Is just that in this case I doubt anybody here really cares about how you trade, so in a way it is distracting to everybody.

Again, nothing personal. Just not part of the program we are following.

And as Spyder so eloquently says, you are free to choose your way from here...