Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
I would pay alot of money for information on how to either:

A. Avoid a congestion area where I lose every freakin cent made during the past three hours.

or

B. Learn how to navigate the gawd awful thing to save the profits made and what ever sanity (what little there is) which remains.
 

Attachments

bundle this is the logic of my last trade.... I tried to overcome the obstacle that on Forex is no Volume data ..... What I did is simple ... I found 10 min delayed data on Alaron site for EUR FX futures traded on CME , hehehe they have what I needed Volume the rest is PRV calculation by hand additional signal from fast stochastic indicator and My fine level reading on 30 min chart....I attache a chart whit my explanations.... whish you all the best ......

Mr_Black:)
 

Attachments

Quote from guavaman:

I would pay alot of money for information on how to either:

A. Avoid a congestion area where I lose every freakin cent made during the past three hours.

or

B. Learn how to navigate the gawd awful thing to save the profits made and what ever sanity (what little there is) which remains.
More...

Avoid trading after 11:30 and befor 14:00 for now, unless there's an obvious oppurtunity like the 13:05-20 bars.....

Jack recommends, for a beginner, to avoid "those times when risk outweighs the reward" or something similar. Someone posted a link a few days ago where he spells it out better. I commented as that post being "GOLDEN!!!"
 
Well another day another negative effort.

I think that's a full 30 days now of just using ES/YM/PRV to no avail.

I wonder if this is a record??

guava is done for the day.
 
Quote from guavaman:

I would pay alot of money for information on how to either:

A. Avoid a congestion area where I lose every freakin cent made during the past three hours.

or

B. Learn how to navigate the gawd awful thing to save the profits made and what ever sanity (what little there is) which remains.
More...
Your tapes and channels are a bit sloppy. I think I mentioned this to you before.
If you pay closer attention to the tapes (the finest parallel lines you can draw), you will be more in tune with the market shifts.




pay closer attention = draw more precise lines
 
Hi Guava, This may help you.


1. Look for the FTT of the prior channel.
2. Enter in the opposite direction of the trend when the next FTT presents.
3. Then annotate your point 2 and 3 of the new trend. Remember, we don’t have a channel until after point 3 is made.
4. If you come to the market and price is in between point 1 and 2, or between point 2 and 3, wait for point 3, then enter in the same direction of the newly established channel.
5. Now your on the right side of the market and you are anticipating what Spyder calls END EFFECTS. FBO(exit), BO(hold), FTT(reverse). Trade that channel that has the point 3 not a lower level or higher, but that channel. You will know that your channel is finished when the end effects happen. Then you must look for a new channel to develop.

So for Forest level traders here is the sequence price follows every time…. FTT/ point 1 to -2 and 3 then FBO or BO or FTT. How beautiful is that?

I hope this helps,
gooch87
 
Quote from Mr_Black:

bundle this is the logic of my last trade.... I tried to overcome the obstacle that on Forex is no Volume data ..... What I did is simple ... I found 10 min delayed data on Alaron site for EUR FX futures traded on CME , hehehe they have what I needed Volume the rest is PRV calculation by hand additional signal from fast stochastic indicator and My fine level reading on 30 min chart....I attache a chart whit my explanations.... whish you all the best ......

Mr_Black:)
More...

Thanks for posting this. I've looked at different ways to get a proxy for volume on the forex and wondered if and how the futures volume could be used. I was thinking of trying to pull data from several exchanges (as CME isn't 24 hours) but couldn't figure how to pull it together on one chart. Your method is more straightforward. :D

Ever try using the range on the lower fractal for volume?

Regards - EZ
 
Nice post from Gooch87-


Again, found being distracted in equities made it much easier and less stressful with annotating the ES/YM than when I'm only staring at this...

Anyways, nice range, losta easy points....

H
 

Attachments

Status
Not open for further replies.
Back
Top