Spydertrader's Jack Hershey Futures Trading Journal

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I'm only trading on the 5min fractal as of now. Normally those pt 3 sells in these situations are my bread and butter to this point, but this one was trickier.

Always something new to learn :)



Quote from cnms2:

I think that could've been a tough call, depending on what fractal you traded. If you traded pt3 traverses on that resolution, you could've re-entered long on the 1100 bar, then wash or take a small loss on the 1110 bar, waiting for a pt3 down. Small losses are part of trading. The important thing is not to be stunned, and hold on previous conclusions when data changed, expecting the price to conform to your analysis, instead of continuously doing MADA. And: when you don't understand it's safer to get out.
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How beautiful is that?

harmonic.png


Good trading all:D
 
Yes, FTT on both up channels I have. First time price did not VE at least one channel and, sure enough, price and vol pick up and goes the other way :)

Quote from callmate:

How beautiful is that?

harmonic.png


Good trading all:D
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It doesn't get more "bread 'n butter" then the FTT on the 1400 bar. Concidering the steepness of the channel and the peekvolume levels it's in the area where an FTT is anticipated. Next you see a little red bar forming with the PRV running up and you get a feeling that you've seen this all before.

I don't think there's a trade with a better risk/reward ratio then that.
 
And, believe it or not, that was the beginnig of a CCC ... :)
Quote from FerdinandAlx:

It doesn't get more "bread 'n butter" then the FTT on the 1400 bar. Concidering the steepness of the channel and the peekvolume levels it's in the area where an FTT is anticipated. Next you see a little red bar forming with the PRV running up and you get a feeling that you've seen this all before.

I don't think there's a trade with a better risk/reward ratio then that.
More...
 
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