Spydertrader's Jack Hershey Futures Trading Journal

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Quote from guavaman:

There has to be some kind of prize to understand this thing. If anyone cares to respond to the questions I would much appreciate it.

-guava
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Gman, this is the way I would see it (granted in hind sight as I only did AM): 15:40 bar price was in it's right to left traverse. 15:45 bar is an inside bar (lateral) but on INCREASING volume, which suggests the market can't move higher. I would then think 15:40 was indeed an FTT. 15:50 bar is moving toward RTL, but FBO's. Then a new dom traverse begins.

I am no where's near confidently seeing it this way in real time, yet :)
 
Quote from 8833broc:

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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With 10:45 as your pt 3, entry on the 10:50 bar looks ok, but the exit is far too soon for forest level. Taking pt 1 at 10:00, exit would have been at the break of the RTL at 11:50 or 11:30 if a steeper channel had been used, recycling pt 3 as the new pt 1 and 11:15 as the new pt 3.

For short 1, using the 11:35 high as a pt 3, a forest level exit would be on 11:55 bar on the break of the RTL. IMHO, this channel looks too steep for forest level.

For short 2, assuming that you were using the 12:00 high as your pt 3, 12:15 is a very late entry, as you clearly realised. The 12:40 high gave a new pt 3 for a revised RTL and a forest level exit would have been around 13:25.

I hope that makes sense. :)
 
I trade forest level but I do not wait for rtl to exit. I found it was costing me too much money.I am presently targeting the ltl for exit. The steeper the channel the less chance it will reach the ltl so when it starts stalling I exit when I think I see the ftt. When price does reach the ltl I have found it to be a very good place to exit on average. Of course this is where Jack and Spyder reverse.
 
Quote from bundlemaker:

Gman, this is the way I would see it (granted in hind sight as I only did AM): 15:40 bar price was in it's right to left traverse. 15:45 bar is an inside bar (lateral) but on INCREASING volume, which suggests the market can't move higher. I would then think 15:40 was indeed an FTT. 15:50 bar is moving toward RTL, but FBO's. Then a new dom traverse begins.

I am no where's near confidently seeing it this way in real time, yet :)
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Thanks for the effort B.
 
---------------------------------------------------------------------Quote from Spydertrader: 07-11-07 02:15 PM

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
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Spydertrader
I do understand your point regarding jumping fractals. Seeing how easily one can fall into this trap, I will focus on aligning channels with gaussians and annotating action points on the correct fractal.
Thanks,
Phineas
 
I originally labelled the attached Flaw a stall (due to the Price Volatility), but after further review, I decided the attached Price action provided the best example of a Hitch to date. Keep in mind, Hitches normally have 3 tic or less volatility. The attached examples shows 4 tics of volatility technically making it a Stall. However, for the purposes of education, it fits the mold near perfectly. The Volume levels of the Hitch appear skewed in this example due to End of Day Effects, but I am sure everyone can 'see' the example listed below.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1528592>
 

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Spydertrader,

The 14:20 bar marked stall has me a little confused. Would I be looking at the 14:15 bar as the first bar into the stall? If so, this flaw is in the non dominant traverse, correct? If price is entering up into the flaw, it should then exit up. What I see is at 14:30, price exits the stall and heads lower. That is if I am even correct as to which bar begins and ends this stall. Not sure why price did not exit up at 14:30, and form a new pt 3, and then down lower from there. Any clarification on this is would be great.
 

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Quote from TIKITRADER:

Spydertrader,

The 14:20 bar marked stall has me a little confused. Would I be looking at the 14:15 bar as the first bar into the stall? ..
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stall = 1 bar only, I think you mix it up with HVS.
 
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