Spydertrader's Jack Hershey Futures Trading Journal

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Quote from bigbrent701:

A lot of people ask me that, I just have followed the dow for the past 6 years. S&P feels foreign to me, I just get a better feel for the dow, though been struggling lately to execute.
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Read the above paragraph out loud. Can you see how before the journey has ended, you have already placed obstacles in the path of the learning process? Arbitrarily, you've decided another path should work for you. Secondly, I can only assume you have not read through all the material presented here. Reason being, you appear to be making the same mistakes I advised against (and others have related their experience not following the advice) - jumping to execution far too soon in the learning process. Otherwise, why ignore that which many have advised leads to disaster?

Quote from bigbrent701:

Yeah im an outsider but this method is supposed to work given sufficient liquidity.
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Everyone started as an 'outsider' it turns out. What separates those that remain outsiders from those who can 'see' the signals provided by the market is that one group focused on building the fundamentals needed to succeed.

Make sure you join the correct group.

- Spydertrader
 
Quote from ericta:

Is the wall pulled by real orders and then made a 180 turn? in my 2 month of monitoring experience, that doesn't happen often. usually I will see some sort of continuation. The force that consumed wall shouldn't just disappear, it takes certain market
consensus to pull it off, doesn't it?

it's just my observation.
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In the example, at the time, I didn't have the T&S up and it wasn't really a wall issue. Situation was market going down, appear to FTT at the LTL so I was reversing using the DOM. There was larger cummulative size on bid, lower levels especially. Bask was minority. Right after entry heavy orders must have been hitting the bids as there was a volatility expansion and market got fast. It's probably better to table this until I catch and post a vid capture. But I would think this isn't the norm.

The going to size view is in VSTscalper's ACV thread.

Regarding the wall pulling, that would show up on the T&S if it was orders hit, and nothing if pulled. If it's fake orders, it's no problem pulling it in a instance. My understanding is that "game" isn't played on or near the BBid or BAsk as the chance of it getting hit are too great. So usually the fake orders/wall are more likely to be on 3 - 5 level.

Regards - EZ
 
Quote from Ezzy:

In the example, at the time, I didn't have the T&S up and it wasn't really a wall issue. Situation was market going down, appear to FTT at the LTL so I was reversing using the DOM. There was larger cummulative size on bid, lower levels especially. Bask was minority. Right after entry heavy orders must have been hitting the bids as there was a volatility expansion and market got fast. It's probably better to table this until I catch and post a vid capture. But I would think this isn't the norm.

The going to size view is in VSTscalper's ACV thread.

Regarding the wall pulling, that would show up on the T&S if it was orders hit, and nothing if pulled. If it's fake orders, it's no problem pulling it in a instance. My understanding is that "game" isn't played on or near the BBid or BAsk as the chance of it getting hit are too great. So usually the fake orders/wall are more likely to be on 3 - 5 level.

Regards - EZ
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someone ( I think it's dbphoenix), made a vivid example about minority control and I think Jack agrees with him. My understanding is that Jack's minority control theory and the one in ACV thread are the same but in different stage, kind of cause and effect relation. I'll try to find it for you.
 
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