ES Chart 03-20-2007
- Spydertrader
- Spydertrader
Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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YM Chart 03-20-2007
- Spydertrader
- Spydertrader
All Times Eastern ....
- Spydertrader
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- Spydertrader
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1404682>
Spyder,
Here is my ES for today. I messed up on the gaussians in the morning, but I salvaged the rest of the day.
I have a question about the beginning of the day. Under a strict points 1,2,3 scenario, by bar 4 the 3-point channel was established. This however seemed to be too soon to have a forest level channel and I thought the channel width was too narrow. So I waited until a more ârobustâ forest channel was established. This did happen on bar 8 and at that point I went long. Did I just get lucky or is this valid reasoning here. Should âforestâ level channels be of a certain width to be classified as a forest channel? Thanks.
Here is my ES for today. I messed up on the gaussians in the morning, but I salvaged the rest of the day.
I have a question about the beginning of the day. Under a strict points 1,2,3 scenario, by bar 4 the 3-point channel was established. This however seemed to be too soon to have a forest level channel and I thought the channel width was too narrow. So I waited until a more ârobustâ forest channel was established. This did happen on bar 8 and at that point I went long. Did I just get lucky or is this valid reasoning here. Should âforestâ level channels be of a certain width to be classified as a forest channel? Thanks.
Hands down, futs. If it were not for the Equities Journal, I'd no longer trade Equities at all. With Futures, a trader has: No After Hours Homework. Better Tax treatment. No Overnight holdings. Besides, One can scale up a heck of a lot more in the ES, than one can going long GROW.
- Spydertrader
5 min ES
I'm getting the gaussians much better.
The way price slips out of a channel (ie up channel as today) only slightly and then continues in direction of previous up channel can get difficult, but the gaussain ends up sorting this out.
Alos, I'm using 15 min chart which is helping to better see the larger context.
FilterTip
I'm getting the gaussians much better.
The way price slips out of a channel (ie up channel as today) only slightly and then continues in direction of previous up channel can get difficult, but the gaussain ends up sorting this out.
Alos, I'm using 15 min chart which is helping to better see the larger context.
FilterTip
Not at all. All you did was wait for the 'Trees' to create your 'Forest' In which you chose to trade. Absolutely nothing wrong with 'waiting' on the day to set up as you would like. When I can't seem to 'see' things in the early going, I sit and wait until I can figure out the context. Once known, then I take action.
- Spydertrader
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