Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader: (re: to phineas j. w. 07-10-07 03:25 PM post)
Hopefully, focusing on the correct fractal (as in this example) provides a metric for alerting everyone as to when they have gone too far down the rabbit hole, and failed to come back out.

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Spydertrader,
Thanks for clarifying the issue regarding staying on the correct fractal. In my case, I never zoomed in to the steep Olive fractal, I had just stayed on the Kelly green fractal.

I noted, that I had an FTT on the Kelly green fractal on the 11:20 bar, confirmed by decreasing red volume on next two bars. Which then led into the flaw, entering it in the downward direction. I had expected price to break down from the flaw, but instead it broke upward and turned down quickly at the 11:40 FTT. I'm sure additonal study and screen time will help my monitoring skills.

For clarity, I'll attach my charts in the future along with any questions.


Phineas
 
Quote from Ezzy:

Spydertrader,

Great post as I find it too easy to jump resolutions. Looking at it as if the olive channel never existed (after price exits), then zooming out to return to the larger channel really clicked. Thx.

- EZ
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Spy, thanks - this really clicked for me also.
 
Quote from phineas j. w.:

In my case, I never zoomed in to the steep Olive fractal, I had just stayed on the Kelly green fractal.

I noted, that I had an FTT on the Kelly green fractal on the 11:20 bar, confirmed by decreasing red volume on next two bars.
More...

This is my point.

You had to have jumped fractals. Now, you may have done so subconsciously. You may not even realize you did. However, here is how you can prove it to yourself:

No FTT occurred at the time frame indicated on the Kelly Green fractal. We have a Dip there - a rather large Dip, but a Dip none the less. The FTT occurred on the steeper / faster fractal. Hence, if you saw the Price action as an FTT, you jumped fractals. Whether you realized it at the time or not is immaterial. In other words, you mentally went down the rabbit hole without even realizing it.

- Spydertrader
 
Quote from Spydertrader:

This is my point.

You had to have jumped fractals.
- Spydertrader
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I can't begin to tell you in strong enough words how true this is. Not only was I jumping fractals and missing it, I spent endless hours trying to convince Spyder I wasn't, LOL. I was CERTAIN there was NO way I was jumping fractals. Finally, after months of work, I saw I was constantly jumping several fractals on virtually every bar.
 
Quote from bundlemaker:

.. Finally, after months of work, I saw I was constantly jumping several fractals on virtually every bar.
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I bet you thought you were doing bar by bar MADA :) point well taken. I was trying to post the answer but I was stuck on 2 channels problem, turn out the solution is to drop one channel when it stops working.
 
I am posting twice. the first time with a spread sheet of my trades and the second post will include my chart.

I am trying to trade the forrest only just using the ES price and Volume. On Short 2 I can see where I missed my entry point 2 bars sooner.

I would appreciate comments concernng my trades and if I traded the forrest today. I have a tendency of thinking I am in
the forrest when i am really not.
 

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