Spydertrader's Jack Hershey Futures Trading Journal

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Quote from ivob:

Are you saying here that in your mind you already know what will happen (based on the channels?) and the (finer) tools tell you the moment is there? Or am I completely misunderstanding this.

regards,
Ivo
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I think it's like when we see ccc, we know what it is, and what is the market doing "Right Now", and how to deal with it as the market "wakes up". in CCC, the picture is clear, and we know what's going on and we have grip of the market. I guess that's what spyder meant by " already know what will happen".
the difficulty is the stuff we don't have a grip on, for me, it's all the flaws with high prv...

This is just a new commer's thoughts.

BR.
 
Quote from ivob:

Are you saying here that in your mind you already know what will happen (based on the channels?) and the (finer) tools tell you the moment is there? Or am I completely misunderstanding this.
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What I am saying to you is .....

A human hair's width shift in the default mental state is required.

The tools do not provide answers to questions. Those questions must be answered before one looks at the tools. We seek a sufficient data set from the tools. We do not seek answers to questions.

In other words, the umbrella doesn't tell you its going to rain, does it?

- Spydertrader
 
Quote from ivob:

Are you saying here that in your mind you already know what will happen (based on the channels?)
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We simply cannot know what will happen. We can only seek validation or invalidation of conclusions that we reach from the data that we monitor and analyse. In other words, having reached a conclusion regarding now we let the market validate or invalidate our conclusion and we act accordingly.
 
Quote from ericta:

still struggle with dips, could anyone elaborate on this picture? It' suppose to be a dip in its simplest form.

Thank you.
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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1576835>
 

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Quote from ericta:

still struggle with dips, could anyone elaborate on this picture? It' suppose to be a dip in its simplest form.

Thank you.
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Spyder talked about this a while ago, this is what I look for :D
 

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Thank you Jander and cnms2. and one more question, please see the picture attached.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1576941>
 

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Quote from ericta:

Thank you Jander and cnms2. and one more question, please see the picture attached.

attachment.php
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At the beginner level, you don't have to worry about flaws. Just hold through them... (i.e. continuation) until you meet a FTT.
 
Quote from guavaman:


Curious how other JHM devotees did during the choppy times today.
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I had a similar day unfortunately. I found it hard to follow the gaussian formations. It seems to me that on lower volume days there is an increase of flaws which makes it more challenging. I have found from my personal experience that I seem to be able to see things better and faster in higher volume markets. By the way check out my attached chart. I stepped back to a 60 min ES chart for a big picture and I now see why today was a low volume day. Looks like tomorrow may be a break out up (B2B day) or a continuation of the dominate down channel. I guess we will have to see what happens. :)
 

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