Spydertrader's Jack Hershey Futures Trading Journal

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Quote from flier6:

DKM, I'm glad you mentioned that. I'm new so pardon my ignorance, but I was under the impression that there are tapes, pt.3's and channels made up of pt.3's. Isn't it only the later that is considered the "forest" view?
Thanks.
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I try and focus on the channels that best correspond to the 5 min gaussians. When Spyder introduced the forest rules, it appeared to me from his examples that we were meant to operate on the pt 3 channels but I may have misuderstood.
 
Quote from dkm:

I try and focus on the channels that best correspond to the 5 min gaussians. When Spyder introduced the forest rules, it appeared to me from his examples that we were meant to operate on the pt 3 channels but I may have misuderstood.
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I also think that's what he means but we are also supposed to recognize the FTT in anticipation of the next level. Then wait for break of RTL then wait for point 2 and enter on 3. Get out when RTL is broken.

regards,
Ivo
 
Just wanted to share my AHA moment of the day.

It was this little gaussian formation that I just saw on YM telling me well in advance: CHANGE!

regards,
Ivo
 

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Quote from dkm:

ES 16 Mar 07

3 trades, -0.25, +6.5, +3, gross +9.25
The first pt 3 was wobbly but managed to nail the other two. :)
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Nicely done, dkm. Good to see your hard work paying off.

- Spydertrader
 
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