Spydertrader's Jack Hershey Futures Trading Journal

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Quote from dkm:

see attached chart. 15:00 was break of RTL. 15:22 was volatility expansion.
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Ok, you are right. At 15:00 an RTL was broken but there certainly was another trendline that is not present on your chart. Actually it is present on your chart but you did not extent it. I certainly should have drawn the trendline that you have there. I suppose it is more important than mine because the points you used are more recent and also your line is more precise because the points I used were quite close to eachother.

regards,
Ivo
 
Nice moment today:

Waiting for the Point 3 set up at 3:35 PM or so in the downward channel and then shorting at 1430.50 and covering for 2 points as price reversed.

First time I came late to the day and waited and anticipated the Point 3 and went in on the trade as it hit lol.
 
Here is my ES for today. I found the afternoon a little less clear than I did this morning. Usually, I find that the mornings are almost always better for me than the afternoons. This could simply be because of the volume is generally (but not always) higher between 9:30 to 12:30. Higher volume is easier for me to read/capture points. This would also leads me to wonder should I just trade in the mornings? Hmmmm.... afternoons free?

Another thing, I find that the quicker I am to spot/act on an FTT, the better I do. Of course I'm wrong about a third of the time, but I simply "fix" the situation in those cases. I think I'm improving on my gaussians, but I still sometimes get confused in which channel I'm operating in. Overall, it was a good day. :D
 

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Quote from WGTrader:

Another thing, I find that the quicker I am to spot/act on an FTT, the better I do. Of course I'm wrong about a third of the time, but I simply "fix" the situation in those cases.
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This is a good realization to have!
 
todays ES


10:35 - 10:45 bars don't really work as far as gaussian vol.

I suppose 10:35 and 10:40 could have been considered a HVS and 10:45 was mostly red. But over all price was falling and red vol was decreasing.
 
Quote from ivob:

The attached pricebehaviour confused me.

This example is YM.

First we have an FTT that on first moment did not look like an FTT to me. But ok, about two bars later I realise it was.
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(1) we have FTT due to blow out red vol

Then we have decreasing black volume. Then black volume increases until 15:00. How should I see this? We have not arrived at RTL yet. This is the first confusion. For me this is indication of FBO...
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(2) we have new up channel with B2B then viol exp line.

Then price moves sideways while volume decreases quickly. I again suspect we are in an up channel.
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(2) price move side way when blk vol decrease in up channel

Price seems to go thru RTL on decreasing volume. Everything fine here. Next bar closes two ticks lower on higher volume.
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(3) flaw, it should go higher and stay within up channel

The next one even left of RTL on lower volume. I don't like it. Looks like FBO doesn't it?
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another flaw.

Next bar higher volume but price doesn't make it to RTL. I don't like high volume before breakthru of RTL. Next bar, same high volume but price goes down significantly. We must be in downtrend again or not??
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new point 3, we have another up channel.
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I guess that main diff is I already have 2 more up channels when you are still working with the higher level RTL
 

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Quote from Spydertrader:

On the road traveling at present. Attached is my ES chart. Sorry for the small size - working off a laptop at present.

- Spydertrader
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You trade a full day when on holiday? Wow - dedication:)
 
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