Spydertrader's Jack Hershey Futures Trading Journal

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I belive the Gaussians are correct until about 12:25 when all hell broke loose. I do not have the full char up because QT wiped out the info, but not before I cleverly took a snapshot of :). I was really mixed up around the 14:00 time period. Hopefully I ca determine the correct course from others that will post.
 

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Attached, please find a chart snippet of the afternoon price action on the ES. I found this area difficult for one very important reason - I missed the Dip (highlighted in Yellow). Because I missed this first flaw, I went into the lateral channel thinking I had an Harmonic effect taking place. The market didn't have that at all. The next bar (highlighted Green) turns into a stall and finally we have an FTT (also a Point Three) confirmed by the increasing volume (black) after the 14:10 bar (circled red).

In addition, the YM showed a Point Three Up Channel during the entire period. The lesson? Pay attention to what you know and start looking immediately for something that was missed. While I didn't find the error until after the fact, I am hoping others can learn from it, and avoid it in the future.

To see how everyone worked through the process of debriefing (in hindsight), check out today's Chat Room Log.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1501229>
 

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I was able to kind of work from home today so I was able to periodically chart today in realtime. Most of the time I annotate hours after the markets are closed. The charting process for me seems to slow down in realtime. I notice myself getting impatient. Some of the gaussians I got mixed up on but I really see how it can show when a BO is happening. I am playing catch up and am reading through the journal pdfs that pr0crast put together.

Thank you all for this great Journal.
 

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Quote from TIKITRADER:

YMU7 2 minute chart. had a little trouble with internet cable data earlier , but all looks good now.
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Like your chart. The long term guassians at the bottom, what fractal are they based on? How do you use them in you daily routine?
 
Quote from DojiBB:

Like your chart. The long term gaussians at the bottom, what fractal are they based on? How do you use them in you daily routine?
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I like to get a bigger picture of what is going on , so I use a 1 hour chart with channels that runs continuously, it helps me see things a little clearer. Then I run those channels down to the 2 minute ym . So the largest gaussian is the carry over channels based on the one hour ( bigger picture). The other gaussian ( next largest one) is the move of the channel for that day. Smallest gaussians are based on the channels that are drawn within the channel of the day. When i get a little lost on what is happening on a 2 minute chart, I pullback to the one hour and it seems to clear things up.I am still working on all of this , but everyday seems like it comes together better.
 
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