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Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Quote from cnms2:
I wonder how many people following this journal went through the learning and internalizing of the JH's equity, and rocket / iceberg methods ...? Those journeys may be more valuable than they seam.
It turns out, learning Equities makes for a great 'warm up drill' for understanding Futures. While I didn't walk the path of the indicators (rockets and icebergs) with respect to futures, I did learn to 'see' the market via my experience trading Equities. However, one can still find great value in the Futures Threads of old.
- Spydertrader
Hi Mak,
I was answering your question based on the black helpline and based on that it's not the last 5 minutes just like you asked...
Indeed, based on the grey line it's a traverse and I would wait for the bar to finish.
So what if you have an FTT, you enter, and price turns around before even reaching RTL. What will you do?
regards,
Ivo
Quote from makosgu:
I was well aware of the last 5 mins but what if it's not the last 5 mins, you still have to find out what you want to look for. According to your grey RTL it would NOT say FBO.
I was answering your question based on the black helpline and based on that it's not the last 5 minutes just like you asked...
Indeed, based on the grey line it's a traverse and I would wait for the bar to finish.
Quote from makosgu:
For others, not reaching the RTL is a FBO which is also fine. For me, I always reach a RTL, a result of tightening my channel along the way. As a result, my FBO descriptor is that I can only get an FBO after having had a BO (ie. RTL XO). Similarly, you can only get an FTT along a R2L TRAVERSE. Either FBO definition/annotation requires that you act accordingly....
So what if you have an FTT, you enter, and price turns around before even reaching RTL. What will you do?
regards,
Ivo
Quote from bundlemaker:
I'd like to point something else out to the group, as Spyder brought it up in one of his posts in reply to me this evening. I had never intended on saying this publicly, but his suggestion that I saw live in Tucson somthing akin to what I feel is necessary is just plane false.
While in Tucson, not once was any trading ever done. Spyder or Jack would just say aloud what they saw. But no decision points were EVER logged that I could see. And when something actionable occurred, no real followthrough happened on the analysis. If you listen to the video, you'd quickly realize why I've been almost begging for some demonstration, because I've still yet to see how this works.
Brain surgeons do not learn this way. Attorneys don't. Sales people don't. Landscapers don't. Engineers don't. Shall I go on? Are you really telling us Spyder that out of all the professions and crafts of the world, that trading is the one thing that learning by example and demonstration in real time is the exception?
If you had just said upfront, "hey guys, here's the info, make of it what you can, I'll try and respond when I can" that would have been very, very different indeed. BUt no, you posed as someone who made an agreement to pass on the information. YOu created a formal syllabus. You spent a TON of time with me and others on a personal basis. You set it up so we expected a lot out of you. And now, some of us are so hungry, in no small part, because you have told us how great this can be. But you've never shown us.
I'm not one of those trolls who goes around trying to disprove anything. I have never been mean spirited (maybe a bit confrontational, but never with malice). I admit I have many flaws.
On the other hand, I'm wondering how successful you feel this whole project will have been if so many, who have struggled so hard (you told me I have worked harder at this than anyone you know) still can't get it, and you're still unwilling to show how it's done (show, not explain).
Many have privately asked about my experience in Tucson. I always had good things to say, but was also uncomfortable when asked about actual trading or real time analysis.
Well, it looks like my days with Spyder are numbered, so I may as well tell the world, nothing remotely like what a person would need to do to trade was ever done in my presense. If you don't believe me, maybe ProCrast can post the Monday morning video which ostensibly was going to be "live trading".
Over the past few weeks I've used the word contradiction. I apologize for using a word I never intened to. YOu may not believe this, but I have some significant health issues that does effect my level of concentration, among other things. You immediatley assumed I was ignoring you. Well, your wrong.
The word I wanted was congruency, or rather, incongruency. No matter what you say, much of it comes to me as incongruent. Not right or wrong, incongruent. Not good or bad, open or hiding, plus or minus, incongruent. And it's damn hard to learn from incongruency.
As stuck as you suggest I am, I think your just as stuck in the way you're approaching teaching this.
Spyder,
I bet a lot of people on this thread would love to see live trading. Yes, the process of making decisions will be different for many, but it will provide huge confidence boost. Subconsciously many might doubt the method and it could be a root of problem.
Making 1 day of live calls should not be a huge distraction I hope. You obviously do not have to do it, but since you took such a big undertaking as educating all on this thread, I think you should.
Thanks,
redduke
Quote from makosgu:
...
So here's where things are different FOR ME. A bigger channel for me is something I annotate on a larger fractal, say 15M/20M/30M and overlay on the 5M.
...
Mmm. this is something very interesting. Like this you avoid the channels inside the channels all on one graph. You avoid going to a higher resolution all the time and hanging in there. A channel is just a channel like this.
regards,
Ivo
Watching a live trade would be fascinating.Quote from RedDuke:
Spyder,
I bet a lot of people on this thread would love to see live trading. Yes, the process of making decisions will be different for many, but it will provide huge confidence boost. Subconsciously many might doubt the method and it could be a root of problem.
Making 1 day of live calls should not be a huge distraction I hope. You obviously do not have to do it, but since you took such a big undertaking as educating all on this thread, I think you should.
Thanks,
redduke
For the people who have not acquired the basic tools, the calls will blow by them without much meaning.
It is like watching American's Cup on TV : if you are not a competitive sailor, you will not pick up on the subtle techniques involved.
Quote from Tums:
Watching a live trade would be fascinating.
For the people who have not acquired the basic tools, the calls will blow by them without much meaning.
It is like watching American's Cup on TV : if you are not a competitive sailor, you will not pick up on the subtle techniques involved.
I would also like to see this.
regards,
Ivo
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