Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Hey Sydertrader,
I'm new to trading but I was wondering if it's possible for you to be a little clear on daily predictions as far as if you think the market is up, down or side ways.
I know many members don't do this because they have a fear that if they are wrong, they will have a negative reputation, but I think it shows confidence.
Any chance, you'll take me up on this?
I'm still new to trading and there are many members on here. It's hard to figure out who are the true members to learn from versus those who just add to the noise.
I'm new to trading but I was wondering if it's possible for you to be a little clear on daily predictions as far as if you think the market is up, down or side ways.
I know many members don't do this because they have a fear that if they are wrong, they will have a negative reputation, but I think it shows confidence.
Any chance, you'll take me up on this?
I'm still new to trading and there are many members on here. It's hard to figure out who are the true members to learn from versus those who just add to the noise.
Me too. I caught the whole move. Especially on YM it was "easy" to see this breakout had a good chance. Volume getting really low on the 11:56 bar and during breakout. At 11:34 I was suspicious about the breakout and 11:36 showed it failed (FTT on my chart). ES simply followed.
regards,
Ivo
A 'Stall' represents a temporary slowing of price movement in the direction of the dominant trend. Usually represented by an opposite color Price and Volume Bar (but not always) a stall normally falls 'inside' the previous Price bar and has significantly lower Volume than the previous Volume bar.
IF you record the entire day's market activity, and then "play it back" after the close, you have the benefit of 'seeing' the whole market, in real time - but on your own schedule. While one could learn to trade only using 2 hours per day as their 'education time,' one should expect the process to take longer than discussed within this thread.
For someone who purports to be "new to trading," you appear to have an extensive knowledge with respect to 'The Fed' and the Pattern Day Trading Rule. Setting aside the incongruous nature of your posts for a moment, I leave the market 'predictions' to the gamblers. As such, I recommend you seek other venues for 'betting' on market direction.
- Spydertrader
Today I tried to do continuous trading as opposed to just scalping on a good entry. Below is my chart as of lunch and I did some things todayand noticed some things that might be useful so I thought I would share. everything was drawn in real time.
1. On the Gaussians, I decided to label "strong" or "weak" based on whether the volume was strengthening or weakening as it would reinforce what was happening.
2. I decided to really follow weak to strong or vice versa (or R2B or B2R as you guys called it) but I see this easier this way.
3. Notice in the Red Channel with the thick lines the downtrend formed from the Points 1, 2 and 3 starting from the opening. They are slightly off in my chart as they should be tilted higher but it does not matter for right now.
The key thing to notice is that volume was strong on every downward tape/channel within the big red one and volume was weak on every retracement. As this patterns keeps up, the overall downward RED channel is in tact and the downtrend continues.
4. Notice that as soon as the strong side of the Gaussians changed from red to green at a round 11:15 AM, the market began to move higher and had a breakout or volatility expansion. The volume strenght was on the upward move, not the downward move and a shift was coming as the breakout demonstrated. A weak volume retracement confirmed this and VIOLA... a point 3 set up.
I know you all use R2B, etc.. but I thought writing it out this way would make it clearer for some as it is clearer for me. In the downtrend channel the strong side of gaussians should be red with weak green retracements as the market forms its channels in an overall downtrend. As soon as this pattern changes, the indication is that the overall trend is changing, which it did on the 11:30 breakout followed by excellent Point 3 on the new uptrend at 12:00.
I did not draw in the new upward green tree channel but you can see that it ended in the sideways CCC I boxed in. Volume was strong then weak on the breakout which truly showed the fundamental change from the downtrend. When it went back to strong and weak after the CCC boxed area yo ucan see how it was because it was moving into a downtrend.
I found if I use the words strong and weak and green and red I see what the volume Gaussians are telling me clearer and this may help some of you still having trouble seeing what volume should be saying or how to use it.
The blue arrow is where I closed out my continuous trade due to the CCC and desire for lunch. I closed out at 3.25 points net for the day which was great given the whole I dug myself in earlier in the opening chop (bad moves on my part)
1. On the Gaussians, I decided to label "strong" or "weak" based on whether the volume was strengthening or weakening as it would reinforce what was happening.
2. I decided to really follow weak to strong or vice versa (or R2B or B2R as you guys called it) but I see this easier this way.
3. Notice in the Red Channel with the thick lines the downtrend formed from the Points 1, 2 and 3 starting from the opening. They are slightly off in my chart as they should be tilted higher but it does not matter for right now.
The key thing to notice is that volume was strong on every downward tape/channel within the big red one and volume was weak on every retracement. As this patterns keeps up, the overall downward RED channel is in tact and the downtrend continues.
4. Notice that as soon as the strong side of the Gaussians changed from red to green at a round 11:15 AM, the market began to move higher and had a breakout or volatility expansion. The volume strenght was on the upward move, not the downward move and a shift was coming as the breakout demonstrated. A weak volume retracement confirmed this and VIOLA... a point 3 set up.
I know you all use R2B, etc.. but I thought writing it out this way would make it clearer for some as it is clearer for me. In the downtrend channel the strong side of gaussians should be red with weak green retracements as the market forms its channels in an overall downtrend. As soon as this pattern changes, the indication is that the overall trend is changing, which it did on the 11:30 breakout followed by excellent Point 3 on the new uptrend at 12:00.
I did not draw in the new upward green tree channel but you can see that it ended in the sideways CCC I boxed in. Volume was strong then weak on the breakout which truly showed the fundamental change from the downtrend. When it went back to strong and weak after the CCC boxed area yo ucan see how it was because it was moving into a downtrend.
I found if I use the words strong and weak and green and red I see what the volume Gaussians are telling me clearer and this may help some of you still having trouble seeing what volume should be saying or how to use it.
The blue arrow is where I closed out my continuous trade due to the CCC and desire for lunch. I closed out at 3.25 points net for the day which was great given the whole I dug myself in earlier in the opening chop (bad moves on my part)
optioncoach-
I'm very new to Channeling so I won't comment on that aspect BUT as a trader of Equities for 2 years. You NEVER close out a position because you want to go to lunch. IF ANYTHING, see where your out is and just leave a stop. You're risking yourself to potentially miss out on a big move by doing that.
I'm very new to Channeling so I won't comment on that aspect BUT as a trader of Equities for 2 years. You NEVER close out a position because you want to go to lunch. IF ANYTHING, see where your out is and just leave a stop. You're risking yourself to potentially miss out on a big move by doing that.
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