Spydertrader's Jack Hershey Futures Trading Journal

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FWIW, I traded yesterday and today for real (one lots).

Results:

Monday 5Wins, 4Losses for 7.25 points less commissions.
Tuesday (today) 5 wins; 3 losses for 9.5 points.

Thanks Jack, Spyder, et al. This is great stuff. And I think I suck at it currently. Can't wait to learn and use the additional tools as they are taught.

Doug
 
Quote from ivob:

Why did you not mark the 10:30 bar as an FTT? To me it looked like, on ES and also on YM.
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Today, I tried to stick as closely to the 'Forest Level' Guidelines as Possible - only annotating the FTT's which marked the beginning of the new trend. As a result, I did not mark any FTT which resulted in an FBO (including your example as well as other FTT - FBO examples). I neglected to post this subtle change on my chart today, and I thank you for the opportunity to clarify.

- Spydertrader
 
Quote from dougcs:

Monday 5Wins, 4Losses for 7.25 points less commissions.
Tuesday (today) 5 wins; 3 losses for 9.5 points.
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Outstanding. Of course you do realize, since so many claim this 'system' doesn't work, you'll have to give all that money back. :D

Again, nicely done.

- Spydertrader
 
Quote from dougcs:

FWIW, I traded yesterday and today for real (one lots).

Results:

Monday 5Wins, 4Losses for 7.25 points less commissions.
Tuesday (today) 5 wins; 3 losses for 9.5 points.

Thanks Jack, Spyder, et al. This is great stuff. And I think I suck at it currently. Can't wait to learn and use the additional tools as they are taught.

Doug
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Congrats Doug, those numbers are very good for trading with real money.
I know I am over trading myself.

A couple of questions if I may.

1.- Did you have prior experience trading the ES intraday before?

2.- If you can, could you post the bar numbers (out of 81) were you entered and exited your trades today.

Thanks !
 
I know it's off topic but along the lines of software. I had esignal and now use Investor /RT with IQfeed.
http://linnsoft.com/

The programmer there Chad is very sharp and willing to add indicators to new releases which they do frequently. I have made a couple request with the volume breakdown indicator and he quickly added them to the indicator list. I'd be interested to see what he could do with some feedback from MAK.

Back to the topic. Spyder I don't understand where all the bashers of this method are coming from. I've been busy at work the last couple days and my trading time has been limited but I'm finding it easier by the day to spot things and enter on the right side of the market consistently. This is a new thing in my trading and I can hardly wait for the months to come.
 
Quote from ticktrade:

Back to the topic.
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The above quote remains the best course of action to take with respect to moving forward. Keep focusing on your own results, and spend no time determining what motivates others.

- Spydertrader
 
Quote from nkhoi:

thank, I tend to let down my guard at lunch time :)
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Me too. In fact I think I could start an internet alert service. For a small monthly fee I'll send an email whenever I"m going to take a little break, and subscribers will know at once that a major move is about to begin. :D
 
Quote from Spydertrader:

Outstanding. Of course you do realize, since so many claim this 'system' doesn't work, you'll have to give all that money back. :D

Again, nicely done.

- Spydertrader
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Where do I send the check and how much do I have to "give" to the one who named himself after a bottom dwelling, sucking fish?

Doug
 
All I can say is that the 10:05 bar cost me 3 points becuase of "waiting" for RTL BO of the down channel.

I have no idea how you guys are able to trade forest only setups but this is the most fun I have had since I started trading....:)

Mak must be having a field day....
 
BY 10:03 AM I had 7 trades

4 winners (AVG Win = 1.375)

3 losers (AVG Loss = .75)

Gross Profit = 3.25 Points

Sadly this number understates what I should have done. My X-trader suffered a few hiccups and was lagging my charting (which was correct) so I first could not go short on a breakout because X was not mathcing the correct quotes (i.e. I would not have gotten filled) and I bailed on the last two winners early because I had no idea where it would let me out or if it was showing right quotes or not.

The last one was the most painful since I went short on a BO at 10:01 AM at 1390.50 after missing the short at 9:50 AM at around 1395 or so waiting for my glitch to unglitch. So I missed out on about 5 points before I could jump in short but the tape looked like it was done and reversing so I covered the finally entered short at 1389.50 for 1.00. Should have been about 5 - 6 points if I could have gotten in at 1395 instead of 1390 but computer glitches happen. (this is rare and not common for X-trader thank God).

Anyway just thought I would share some nice trades and some hardware frustration.
 
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