Spydertrader's Jack Hershey Futures Trading Journal

[TIKITRADER]

ES - YM early morning screenshot.

 

[cnms2]

Longer red bar on lower volume followed here by an up swing, and no turn downwards.

I guess it's safer to say that this kind of setup anticipates the immediate up swing more than the belated drop down seen before (?).

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1654779>

 

[callmate]

 

[Padawan]

callmate, could that be a potential fbo if you draw a rtl from the high of the day to the point 1 you have there?

 

[WGTrader]

I guess we had to establish our pt 3 before we got continuation.

 

[cnms2]

es

 

[WGTrader]

My ES today. The day sort of ended on a whimper

 

[FerdinandAlx]

My chart for the day (See attached).

 

[ericta]

Quote from Vista:



14 trades

37.5 pts

Oh my...

Could do post couple of the trades you took? So we can all learn from it.
Thank you.

 

[FerdinandAlx]

Quote from cnms2:

Longer red bar on lower volume followed here by an up swing, and no turn downwards.

I guess it's safer to say that this kind of setup anticipates the immediate up swing more than the belated drop down seen before (?).

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1654779>

The 14:05 and the 14:15 bars are flaws. In my experience flaws like those repeat in sequence. That's why, while watching the 14:30 bar develop I was anticipating another flaw. I was worried a little initially, but the lower volume and the long lower shadow convinced me that we had continuation.