Spydertrader's Jack Hershey Futures Trading Journal

[Spydertrader]

10-12-2007 ES Chart

- Spydertrader

 

[cnms2]

es

 

[cnms2]

es 15 min

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1639824>

 

[cnms2]

Change:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1639851>

 

[Haroki]

Question about the 14:25-40 area-

I have inc black to 14:35 bar and the :40 bar shows very low red volume, so one normally assumes flaw. But it reversed instead.

Is the :35 bar an example of a spike (odd harmonic ?) bar? If this is correct, then my hindsight assumption goes as follows:

Trend reversed (a review of tick charts seems to show this), therefore part of the black :35 bar should be considered red and the flaw- if it can still be considered that - is a flaw of the now dom down trend?

Or is an easier way to read this given by the longer term Gaus above?

 

[The Swordsman]

cmns2, what fractal do you trade off of?

 

[Haroki]

Ok, here's a screenshot of the whole time period.

Assume tree level trading, which I don't do.

 

[cnms2]

es' 5 min, but I keep an eye on ym's 2 min, and on es' 15 min for trends and 1 min for intrabar activity

Quote from The Swordsman:

cmns2, what fractal do you trade off of?

 

[The Swordsman]

Cool, thanks

Quote from cnms2:

es' 5 min, but I keep an eye on ym's 2 min, and on es' 15 min for trends and 1 min for intrabar activity

 

[cnms2]

A possible decision point:

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1641393>

Quote from Haroki:

Question about the 14:25-40 area-

I have inc black to 14:35 bar and the :40 bar shows very low red volume, so one normally assumes flaw. But it reversed instead.

Is the :35 bar an example of a spike (odd harmonic ?) bar? If this is correct, then my hindsight assumption goes as follows:

Trend reversed (a review of tick charts seems to show this), therefore part of the black :35 bar should be considered red and the flaw- if it can still be considered that - is a flaw of the now dom down trend?

Or is an easier way to read this given by the longer term Gaus above?