Spydertrader's Jack Hershey Futures Trading Journal

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Enclosed trading log, modeled after WG.

Total profit 15 points.

Would welcome any comments.

Thanks !

p.s. Spyder I know I am going ahead of were I am supposed to be as per class Syl.. I don't know how to not trade what I see..... :confused:
 

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Nice annotation approach.

Question: Are you closing trades or simply reversing longs to short and vice versa when signals come in?

Quote from optionpro007:

Enclosed trading log, modeled after WG.

Total profit 15 points.

Would welcome any comments.

Thanks !

p.s. Spyder I know I am going ahead of were I am supposed to be as per class Syl.. I don't know how to not trade what I see..... :confused:
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Quote from optioncoach:

Nice annotation approach.

Question: Are you closing trades or simply reversing longs to short and vice versa when signals come in?
More...

Reversing. Always in, as prescribed.
 
I have a question about the FBO around 14:40.

This seemed like a reasonable short... "forest" level FTT on the ES... FTT on the YM... high volume mark lower than previous high volume.

Well, OK I know it IS a reasonable short (or at least I think it is). The only problem is that the market stayed in short mode for about 5 minutes and then took off on another long leg.

I was in this trade today -- I didn't have a problem "listening" to the market and exiting my short as soon as the market told me so. (for minus a few ticks)

Was there any reason to stay out of this trade all together? (yes I know hindsight is 20/20 - but this TYPE of trade burns me frequently)
 
hmmm thats a new one for me. Good job today. I can see all in working well on a day like today with long sweeping channels but on those flatter days have you noticed more chop from all in as opposed to taking off positions and waiting for re-entry signals? What has been your experience?

Quote from optionpro007:

Reversing. Always in, as prescribed.
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Sorry for the unwanted answer, but wouldn't the lack of volume on the pullback after the FTT signal a weak move against the overall trend and the fact that the next two bars moved back higher on a volume spike indicate that it was a failed FTT?

Part of this is hopefully an answer and part of this is confirmation of whether I read that right lol.

Quote from BA_Trader:

I have a question about the FBO around 14:40.

This seemed like a reasonable short... "forest" level FTT on the ES... FTT on the YM... high volume mark lower than previous high volume.

Well, OK I know it IS a reasonable short (or at least I think it is). The only problem is that the market stayed in short mode for about 5 minutes and then took off on another long leg.

I was in this trade today -- I didn't have a problem "listening" to the market and exiting my short as soon as the market told me so. (for minus a few ticks)

Was there any reason to stay out of this trade all together? (yes I know hindsight is 20/20 - but this TYPE of trade burns me frequently)
More...
 
Note how volume is scaling back to normal. We still are seeing relatively good runs through lunch which is more money in the bank. Relax if you don't see the big picture. If you see the finer channels just think of the sequences of sub pt1, 2, 3 and forest level pt 1,2,3. If you don't see the bigger picture it's because the market has not put in the bigger view, points yet. In other words, the definition of the forest level is forth coming...
 

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Quote from optioncoach:

hmmm thats a new one for me. Good job today. I can see all in working well on a day like today with long sweeping channels but on those flatter days have you noticed more chop from all in as opposed to taking off positions and waiting for re-entry signals? What has been your experience?
More...

Thanks OC. I am only taking baby steps here. But I am thinking chop chop days should be the most profitable for this system.

Yesterday was my first full day drawing channels. Today my first day documenting trades. Tomorrow I will move to actually doing sim to get used to placing trades. If I do ok, on Thursday I will be going live. I believe there is a huge difference trading sim to trading live. If I can break even by friday after going live, I will be the happiest guy in the world...

If you took the time to read through the material as per the first posts of this journal you would really appreciate what this system is capable of...

Just do it OC, You can do it !! :)

Gtty !
 
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