03-15-2007 YM Chart
- Spydertrader
- Spydertrader
Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
- Start date
- Status
If you felt my post invited you to leave posting to this thread behind and enter a lurk mode, nothing could be further from the truth. I appreciate your contributions.
The current 'Ying and Yang' (as you say) of the discussions scattered about ET represents just another cycle reaching peak volume - not all that dissimilar to the Equities Method Scoring Cycle. In time the discussions will fade away and head towards Dry up. If anything, the large volume of posts in those other threads motivates many to seek their own answers. To that end, all these other threads do a fantastic job.
However, in this thread (and equities), I appreciate everyone making an effort to avoid the mistakes made in the past - namely focusing on and engaging with individuals who's agenda involves sending the discussion off topic.
Again, if I gave you the impression I wanted you to cease providing input here, I do apologize. That certainly was not my intent.
- Spydertrader
BE DO HAVEQuote from ivob:
I noticed the same. The market will give it all to you but you have to be in it. (on the right side preferably
Maybe that's what Jack means with his DO, BE, HAVE.
DO what you learned, BE in the market, HAVE gains. Or BE in the market, DO what you learned, HAVE gains (I forgot the order
regards,
Ivo
It is a good time to re-read/review Building_Minds_for_Building_Wealth_v2.2.pdf
I thought I was losing my mind. I couldn't see the forest for the trees.Quote from nkhoi:
great, I'm relieve I though my chart look like one big rectangle mess and it can't be classified as one of M,W,U,V, / , \ day
I should have taken a step back and look at the big picture. Everything looks so clear in hindsight.
See attached chart. I drew in these lines on yesterday's ES chart (yellow highlight). As such, I simply carried them over from the previous day. As you can see, as the market ended the day, the large movement of price (up and down) created a channel with a decreased slope.
- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1398740>
the How Large is the Forest? post solved this probl imho
http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=281
Okay, I understand. You used the last two "lows" of yesterday's afternoon to draw the up channel. However, there are several ways to do this or channels that can be used. As you can see I used another channel. Is it a matter of using the latest "memory" or direction of the market? I find it completely understandable to use an obvious but also a recent channel. After all the market continued where it stopped yesterday.
<IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=1398277">
regards,
Ivo
Niether way is more right than another. It all boils down to how each individual trader 'sees' the market and Price Action. For me, I viewed yesterday's final hour as somewhat 'different' than the previous hour. Someone else, may have seen things in an entirely different fashion. As long as one's gaussians and channels match the individual's view of the 'Forest' (its size), then everything works out in the end.
- Spydertrader
- Status