Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Steve Tvardek:

snip. . . Although I dont know how to fully identify a falw, what I saw on YM bar at 11:56 seemed different. I'm not sure if my analysis is correct but the market gave me info that I used to anticipate what would happen next. Felt real good :D
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Cool observation, liked hearing your thought process getting to the point that you noticed something was different. Check the bar size vs. the volume there. Stall.

- EZ
 
Quote from ammo:

plz save me from going thru all 300 plus pages of this journal,i'm sure i'm not the first to ask,can i subscribe to this charting data or is it your personal program?
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it is very personal program and I will say no more :)
 
Thanks Mak, you made my day with this post!

also, along the same lines i was observaing what i saw as possible flaws all the way up (based on how i was reading the volume). Then, on YM bar 13:40 i see lower lows on non dom volume. To me, this signalled that price action has changed. My system crashed before I got the opportunity to do this but I wanted to sell ES on the test of the high on 13:45 bar close IF that high was made on less buying volume. Like clockwork, es dropped from there as it did make a new high but on less buying vol and then was aided by the beige book release to further declines.

I feel real good today, by far the most "ahas" thus far :)

Quote from makosgu:

These are super observations of what you are looking for and how sequences unravel. You highlighted all the really BIG components of what would cause price to change. I commend these type of posts because it shows us what you are thinking and how in tune you are to sequences. Trading should be NO SWEAT! Your post are similar to the thought process I go through... Keep at it. It only gets easier. SUPER!
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Was able to scalp 4.50 points today in ES which is not bad considering I was in the gym for almost 2 hours at mid-day and have stopped for the day as well ;).

Biggest revelation for me was how volatility expansion lines come back to be of use.

There was a nice tree channel off of the breakout from the Fotrrest channel that goes back to even the pre-market. The tree channel broke out at around 12:40 and ran higher. After the beige Book at 2:00 the market fell out of the channel (where I shorted for a quick 1.25 poitns) and a volatility expansion channel was created which was adhered to by the market for 30 minutes and counting.

In the chart below the purple is the upward tree and the green line is the volatility expansion. Assuming I did this correctly.

EDIT: and I missed the short once it broke out of the expanded channel on the 2:55 bar. (was making lunch lol)

EDIT #2: breakout followed a FTT which would have gave an indication of the breakout. Market is snapping back to the trendline it just broke out of but we will see if it holds..
 

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Quote from Steve Tvardek:

Had a nice aha moment just now..

:D
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not to be out done, my today aha is knowing the size of forest is like having a rough map, and one you have a map you know which direction to go :cool:
 
Quote from ammo:

plz save me from going thru all 300 plus pages of this journal,i'm sure i'm not the first to ask,can i subscribe to this charting data or is it your personal program?
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You can subscribe.

Send a PM to Hypostomus for the info...:D

Just kidding.

There is no subscription, all material is made from scratch.

If you want to go through the pages quicker, you can go to your acct settings and specify you want to see as many posts as possible per page (I think is 40) that will reduce this thread to about 50 pages currently.

That little change saved me a few months of time while catching up.

Good luck.
 
Quote from Mr_Black:

My chart for today.....:cool:
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Man what a difference 8+ weeks have made... This is training and running drills at it's finest... Bar by bar, day by day, trade by trade...
 
Quote from optionpro007:

You can subscribe.

Send a PM to Hypostomus for the info...:D

Just kidding.

There is no subscription, all material is made from scratch.

If you want to go through the pages quicker, you can go to your acct settings and specify you want to see as many posts as possible per page (I think is 40) that will reduce this thread to about 50 pages currently.

That little change saved me a few months of time while catching up.

Good luck.
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Now that was an AHAAA moment when I read that. there is humor in the world after all.
 
Man I am sorry I was making lunch at the time of that breakout I mentioned in edit #2. I papertraded it by putting an order to short at 1399.50. We are around 1394.50 or so. I wonder what I could buy with all those paper profits ;).

Quote from optioncoach:

Was able to scalp 4.50 points today in ES which is not bad considering I was in the gym for almost 2 hours at mid-day and have stopped for the day as well ;).

Biggest revelation for me was how volatility expansion lines come back to be of use.

There was a nice tree channel off of the breakout from the Fotrrest channel that goes back to even the pre-market. The tree channel broke out at around 12:40 and ran higher. After the beige Book at 2:00 the market fell out of the channel (where I shorted for a quick 1.25 poitns) and a volatility expansion channel was created which was adhered to by the market for 30 minutes and counting.

In the chart below the purple is the upward tree and the green line is the volatility expansion. Assuming I did this correctly.

EDIT: and I missed the short once it broke out of the expanded channel on the 2:55 bar. (was making lunch lol)

EDIT #2: breakout followed a FTT which would have gave an indication of the breakout. Market is snapping back to the trendline it just broke out of but we will see if it holds..
More...
 
Quote from optioncoach:

Man I am sorry I was making lunch at the time of that breakout I mentioned in edit #2. I papertraded it by putting an order to short at 1399.50. We are around 1394.50 or so. I wonder what I could buy with all those paper profits ;).
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Steady as we go... I'm hitting up the ny auto show in a couple of weeks to figure out that question AGAIN. Hybrid flagship lex? Or the new benz? Been waiting a year for the flagship hybrid...
 
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