Spydertrader's Jack Hershey Futures Trading Journal

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... or for tomorrow's jobs report. Some say that this report will probably set the market's direction, or the lack of, for the rest of this year.
Quote from Tums:

people are getting ready for the long weekend
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Having missed any opportunity to join the early short dominant between 09:30 and 10:00, I decided to take a long at the break of the sym pennant at 10:00 (entry 1550.00). I quickly realised that I had entered in the non-dom direction of a wider short channel (decreasing black vol) so prepared to reverse and did so on the 10:25 bar at the break of the fbp (entry 1550.00) with supporting prv. This seemed to confirm a pt3 short at 10:15. However, the 10:30 bar formed what appeared to be a new pt3 long (and ftt) so the trade was exited at 1551.00 on the break of the RTL. I am not yet utilising finer tools such as str/squ, DOM etc. Is this the best that can be expected if using only coarse tools (ES, YM and prv) at the tree level or was there something that I missed or misinterpreted?
 

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Quote from Steve Tvardek:

... use the PRV tool...
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Steve,
When was the last time the PRV tool was updated for the latest volume / price moves... :confused:

thanks...


<img src="http://www.enflow.com/p.gif">
 
today I managed to lose 6 points in the this QUIET afternoon using reversals ( try to do SCT like PointOne )... :(
Looking at my trades, suddenly I don't recognize myself.
 
Quote from dkm:

Is this the best that can be expected if using only coarse tools (ES, YM and prv) at the tree level or was there something that I missed or misinterpreted?
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Are you sure you were trading at the tree level? It looks to me like you traded at Limb level.

- Spydertrader
 
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