Spydertrader's Jack Hershey Futures Trading Journal

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I did one trade, long on bar 6 and washed for -2 ticks. It was pointed out to me in the room that the first three bars were declining volume which I seem to have overlooked so I did learn something. PAY MORE ATTENTION! I then missed the only decent trade of the day which was the short on bar 6-7 because I was on the wrong side of things. No more trades after that.
 
I went long on bar 5 at the PT3 (Fill price marked with the green horizontal line), then held a little too long before reversing at the gold horizontal line. Covered on bar 9 for an overall .75 loss. Stayed out for the rest of the day after that because of the low volume.

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By as early as mid morning I was anticapating a tight day. As soon as DU volume set in for more than a few bars I more or less moved on to a more suitable project for the day (ie not trading LOL).

I still get in trouble on false b/o bars like 12:00. I correct my error by the bar or two, but am wondering if I'm not seeing something that would have kept me out (I'll bet DOM and range charts will help).

The nice thing is I had no really big surprises and felt good about making a decision to not focus on the market in the pm without feeling like I'd be missing out on something.
 
Quote from Spydertrader:

Since Monday marked the first really tight range / low volume day since beginning the Journal, I wanted to take the pulse of those individuals following along. To that end, please feel free to provide input on the following questions (or any other input desired).

How did everyone perform on such a low range day? Could you 'see' the market better in the morning compared to the afternoon? Even with the extremely low volume and tight range, could you still draw in the Gaussians? Did you sideline when the extremely low volume hit? Did you ride it out? How did it all work out?

Thanks in advance for any responses.

- Spydertrader
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I saw the early market; but was lost once the volume went very low. Could not figure out the Gaussians after 1035am.

I don't yet trade when volume is below 5000 contracts / 5 min bar.

Since I just started using my new computer on Monday, the low volume was welcome as I was more interested in getting it up and running and making sure everything worked. Also, it is Vista based and I'm learning it also.

Same story for today, I'm trading a few stocks and watching Spooz snooze until Big Ben chimes tomorrow PM.

Regards,
Doug
 
Here are my charts so far, both YM and ES.

Tried something a little different today. Tried to do a complete annotation job on the YM. I don't know if this is what we should be doing as far as annotating the YM in conjunction with the ES but I thought I'd try. One thing I found out, my 'seeing' of the YM Gau was a lot clearer today due to the increased focus.

I hope I am doing a complete job with the annotations, but I've realized I am a little slow getting them done in time to do proper trades. I must move to execution first, housekeeping second.

Any comments welcome,
-Mike
 

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Hi..

Today must have been one really easy day...I had my first profit day since I use this methodology.. :D

* 11 Trades = +2.25 :p
* 9 Positives Trades (3.75 pnts)
* 2 Negative Trades (1.50 pnts), one of them cost me an entire 1.00 pnt :mad:

I know that this is a very small profit for you guys, but first time I started to simulTrade this methodology I lost 10.5 points in just one day...I laughted, I thought I couldn't make it any worse :)

Oh well, lets see if I can continue tomorrow.. hmmm.. FOMC day..not very good...

Regards,
 

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