Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Your first channel is just plain wrong. How can you possibly draw an up channel when you have the first two bars as a double bottom? Does that make any sense geometrically?? Your right trend line croses through the 2nd bar, that just wont work.
The pennants introduced this month remind me a lot of what we called "triangles" in my old equities technical analysis days.
Thus, the FTP reminds me of the old ascending triangle which tended to break out to the upside.
The fbp reminds me of the old descending triangle which tended to break out to the downside.
The sym reminds me of the old symmetrical triangle which could break either up or down. I notice in our case the sym tends to break out in the direction of the current trend.
Does this seem reasonable or am I just delusional?
Thus, the FTP reminds me of the old ascending triangle which tended to break out to the upside.
The fbp reminds me of the old descending triangle which tended to break out to the downside.
The sym reminds me of the old symmetrical triangle which could break either up or down. I notice in our case the sym tends to break out in the direction of the current trend.
Does this seem reasonable or am I just delusional?
We do not add the 'probability' component to the Pennants. A trader simply views Pennants as a point at which they have an opportunity to make sure they know 'the right side' of the market.
- Spydertrader
Hey Pr0,
Looks a little bit like mine, lol
spooz
This is a screen shot from 3:57pm.
Just a look at the final minutes of the day.
5min es, - 2 min ym, - tick, - T&S es, str/sq, Dom.
There is a wall on the DOM bid side, and it is showing up on the tape.
Str/sq already out sync.( past 3:55).
Black volume had just increased. prv red now entering.
I do expand charts on another screen, for full view.
I like to see the complete picture of price and volume by itself.
This window is really for sweeping data sets.
Have a great w/e
Just a look at the final minutes of the day.
5min es, - 2 min ym, - tick, - T&S es, str/sq, Dom.
There is a wall on the DOM bid side, and it is showing up on the tape.
Str/sq already out sync.( past 3:55).
Black volume had just increased. prv red now entering.
I do expand charts on another screen, for full view.
I like to see the complete picture of price and volume by itself.
This window is really for sweeping data sets.
Have a great w/e
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