Spydertrader's Jack Hershey Futures Trading Journal

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I strongly encourage you to go back to the beginning of this Journal and follow the instructions as described. When a new trader begins to learn these methods, they begin by observing while learning to annotate channels and Gaussians. Adding additional tools before one has spent the appropriate time developing experience provides a recipe for disaster.

- Spydertrader
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I read it...but I will read it again...

thx...
 
Quote from Spydertrader:

04-18-2007 ES chart

- Spydertrader
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Hi Spyder,

Am I correct when I see you have your last FTT and point 2 on one line? How is this possible? And where do you see R to R meaning where do you see the first red?

regards,
Ivo
 
ivo-

thanks on the charts.

I think spyder mismarked pt 2 and pt 3 on his last channel.

The FTT arrow looks to be before the 'pt 2' which should be pt 3.

-Mike
 
Quote from ivob:

Am I correct when I see you have your last FTT and point 2 on one line? How is this possible? And where do you see R to R meaning where do you see the first red?
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The FTT's represent the Blue / Green up channel - where I have the red Point One marked (15:30 bar). The red channel is a 'tape' which grew into a channel, and yes, I put the numbers on the wrong bars. I apologize for the confusion. Points 1 and 2 should be on the same bar with Point Three forming where I incorrectly placed Point Two on my chart.

From the High of the 15:25 bar to when Price Breaks the price channel is where we have the R2R transition. Depending on how one had their up channel drawn in, the increasing red occurred at the time Price left the up channel.

I hope that provided some clarity.

- Spydertrader
 
Quote from Spydertrader:

The FTT's represent the Blue / Green up channel - where I have the red Point One marked (15:30 bar). The red channel is a 'tape' which grew into a channel, and yes, I put the numbers on the wrong bars. I apologize for the confusion. Points 1 and 2 should be on the same bar with Point Three forming where I incorrectly placed Point Two on my chart.

From the High of the 15:25 bar to when Price Breaks the price channel is where we have the R2R transition. Depending on how one had their up channel drawn in, the increasing red occurred at the time Price left the up channel.

I hope that provided some clarity.

- Spydertrader
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Thank you very much. It is clear now. I seemed I did not put much emphasis on the green channel (although I had it drawn in). Should have watched that one closer because it is very important.

regards,
Ivo
 
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