Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Sim until I feel I trade good enough. Have paid enough tuition in the past. Still have losing days, still have too many moments when I have no clue what's going on and I still trade too imulsive. My rule is to start trading for real when I am comfortable and satisfied with the results. There have been times when I thought this moment would never come but now the improvements are encouraging and the moment is coming nearer. I do take simtrading very seriously. I have to, the reward is trading for real.
regards,
Ivo
Today's ES. It was a good day!
It was my first time to use/watch the Str/Squ tick-by-tick. I started out with an offset 63.93 (from Indexarb.com), but realized after a while that adjustments are necessary. I may adopt a spooz approach and calculate it on a RT. It was interesting to observe the Str/Squ at key points. I look forward to learning how to use our latest tool!
It was my first time to use/watch the Str/Squ tick-by-tick. I started out with an offset 63.93 (from Indexarb.com), but realized after a while that adjustments are necessary. I may adopt a spooz approach and calculate it on a RT. It was interesting to observe the Str/Squ at key points. I look forward to learning how to use our latest tool!
It is interesting but I would like to know if anybody is making consistent money with what has gone before? I am still struggling with ftt's and volume and wondering if I am just a slow learner. I dont see what good stretch and squeese is going to do me if I cant even identify an ftt consistently.
Personally, I see more than enough through sim and live trading on the channels and volume and ftts alone. I find the STR/SQU for me too troublesome to formulate in Tradestation and just not seeing anything with it yet. I have not completely dismissed it yet but "see" quite well with channels and gaussians so far.
Sometimes you can see the trees and forrest just fine without binoculars or other magnifying tools. It all depends on your own vision and how you trade. Personally I have adapted the channels to daily charts of NDX and getting ready to close some very nice trades with NDX spreads on the mid-Mar to mid April upward channel that formed after the large drop post-China day.
So for me I am going to run to the bathroom while the class covers STR/SQU and still keep pounding away at the channels and volume which look so much clearer now than they did in the beginning.
Sometimes you can see the trees and forrest just fine without binoculars or other magnifying tools. It all depends on your own vision and how you trade. Personally I have adapted the channels to daily charts of NDX and getting ready to close some very nice trades with NDX spreads on the mid-Mar to mid April upward channel that formed after the large drop post-China day.
So for me I am going to run to the bathroom while the class covers STR/SQU and still keep pounding away at the channels and volume which look so much clearer now than they did in the beginning.
BB,
I can only speak to my experience with the JH method, but so far so good. I've been sim trading the ES for about 15-trading days now and so far I've only had 3 days where I lost money (small amounts). My goal is to sim trade the ES for 30 to 45 trading days before I commit real money. I should mention however, that I do trade options (have been for several years). Channels have helped me a lot in my selling of credit spreads and condors in the NDX and RUT.
I think as Bob mentioned in his Channel video, you really have to do this stuff over and over and over until you can do it in your sleep. I'm just now at a point that I feel fairly comfortable with my channels and gaussians and spotting the FTT's and I've been working at this diligently since November last year (yea call me slow!). I will close by saying that I'm starting to get a whiff of the rewards out there, but no doubt its a long trek (for me anyhow). Keep plugging away at it and you'll eventually start to get it!
PRECISELY!!! It is absolutely imperative to nail down the simpler stuff... Being effective with simple tools enables one to sort out the points where finer tools can be used. All the finer tools are just more icing on the cake. The objective is to look at STR/SQU ONLY WHEN the PV/CHANNELS indicate that a finer level resolution is helpful. Otherwise, there is no need to drill down to the STR/SQU level. Indeed, all works together, but at any level, it is good enough to know that what you know about the level is sufficient (ie. forest=>trees=>limbs=>branches=>leaves)...
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