Spydertrader's Jack Hershey Futures Trading Journal

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It's a little too crowded and too colorful for somebody unfamiliar with your style ... :) But if it helps you to take the market's pulse you're on the right track. Look at Spydertrader's chart how clear it is. Set a goal for yourself to understand why he drew each one of his lines the way he did. Good luck!
Quote from Padawan:

Today's ES Chart. Comments welcome.

Cheers!
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Quote from Padawan:

Today's ES Chart. Comments welcome.
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See Attached. Now look at your chart. Can you see how adding a few extra annotations provides additional clarity to an area which appears to have caused you some confusion? Note the Volume levels associated with the bars both inside, and outside the formation. Note how the bar following the FBO Breaks Out on increasing Volume in the opposite direction of the FBO.

Always annotate the formations. They add clarity to market direction, and make it significantly easier to match the Gaussians to your channels.

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1651906>
 

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Coowal. You're correct that it's difficult right now for me to narrow down the channels/gaussians. There seem to be too many or something. I'll definitely work more on your charts, Spyder, and annotate better. Cnms2, as for the colors...well... these might help :cool: j/k :)

Thank you both.
 
Quote from Mr_Black:

... I am logging every bar and i have time to draw by hand chart of ES next to My log .... It was difficult at the beginnig but from day to day my speed improves...:) [/B]
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This is a combo of trying out cnms2's suggestion to closely inspect Spyder's lines with Mr_Black's idea of drawing a chart by hand. After doing this exercise it's easy to see that getting all of this will take some time. It felt good, though.

Thanks for the ideas.
 

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Quote from Padawan:

This is a combo of trying out cnms2's suggestion to closely inspect Spyder's lines with Mr_Black's idea of drawing a chart by hand. After doing this exercise it's easy to see that getting all of this will take some time. It felt good, though.

Thanks for the ideas.
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great work !
 
The arrow on the attached chart is my entry. I was looking for a way to get onboard the downtrend as I wasn’t able to trade earlier. The lime green channel was clearly a non-dom traverse. The bar before the arrow was the FTT of the lime green channel. Price (on the arrow bar) broke the low of the prior bar. The presense of S2 and the HVS stall were also clues for me. I exited at a 5 tick loss on the break of the high of the bar which was on increasing volume. As near I can tell, I did everything as right as was possible. This is typical of my results. It feels more like evidence gathering rather than a choice between continuation and change.

I admit there was no increasing volume at time of trade entry, but it sure seems like by the time volume has come in with decisive price movement, that we’ve already moved 1 ½ to points. I also realize it was going into lunch, but in the past, when I ignore a strong trend or adequate pace at this time of day, I’ve missed good moves.

Any suggestions?
 

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Quote from bundlemaker:

As near I can tell, I did everything as right as was possible.
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Actually, no you didn't, and really, I cannot fathom how you could type the above considering what follows. The above sentence and the following are mutually exclusive. One cannot (at the same time) "do everything right" while not following directions.

Quote from bundlemaker:

I admit there was no increasing volume at time of trade entry
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You next type a few sentences rationalizing why you didn't follow directions - excusing your failure to follow the trading plan because "You've seen these things act differently before."

Now, some may consider my words here a bit harsh, but really, I couldn't care either way. However, something or someone needs to give you one big ass wake up call.

Newsflash

You life isn't a Forest Gump Movie where serendipity influences the outcome like the wind pushing a feather along the breeze. Get up off your ass, stop feeling sorry for yourself, and use the knowledge contained in these pages to look at the problem from a different point of view.

Step One

Follow Directions.

Step Two

Read the Five Posts from September. Learn to use the YM to trigger the Formation Breakouts on increasing PRV Volume.

Step Three

Profit

Step Four

Once a solid foundation of a single aspect of theses methods has full, complete and universal sports memory type status in your brain, then you may move to the next concept.

Step Five

Wash. Rinse. Repeat.

Being wrong doesn't make anyone a bad person or bring the question of character into the equation. Failure to learn from one's errors, however, is another matter entirely.

Good Journey to you.

- Spydertrader
 
Quote from bundlemaker:

... The presense of S2 and the HVS stall were also clues for me. I exited at a 5 tick loss on the break of the high of the bar which was on increasing volume.
......
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Bundle, I don't see that you marked a HVS near your trade so I assume you are referring to the HVS at 11:00am. That HVS was 45mins ago, not sure how you assume that is going to influence your trade at 11:45am.

Quote from bundlemaker:
I admit there was no increasing volume at time of trade entry, but it sure seems like by the time volume has come in with decisive price movement, that we’ve already moved 1 ½ to points. I also realize it was going into lunch, but in the past, when I ignore a strong trend or adequate pace at this time of day, I’ve missed good moves.

Any suggestions? [/B]
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Aren't you predicting here? What happened on a previous day at a particular time has not bearing on what happens at that same time today.

Your decisions should be based on what your chart shows at the current moment.
 
Bundle,

Take a look at some of the charts of the YM I have posted. Especially my second trade from two days ago. See what the YM tells you. Upset about missing the move today? See what the YM tells you around 10:34, 10:36am
 
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