Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Pr0crast:

You are on the right track w/ this logic I believe. I too exit "early" in any PT3 trade where I find myself entering closer to the middle of the channel. I tend to exit near the LTL (+1-2 pts) in such cases. Sure, you miss out on the times when a random crazy volatility expansion shows up to the party, but you eliminate all the frustrating losses caused by your RTL being broken after the first traverse for a wash or -1 pts. Do it a few times and 1-2 pts becomes 5-10 pts for the day.
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Thx-

It made sense to do that after I thought about it for a while, cuz the logic of the pt3 entry and the RTL break sell is sound. So if it's not working, what's the way to solve the problem and still remain true to the methodology.

Interesting how thinking about someone else's problems can sometimes help solve your own problems, eh?
 
Quote from TIKITRADER:

l at the time it broke down fast , at least gave me a feeling of not being lost when it happened.

This stuff really works ! :cool:

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I don't think FTT analysis should be used at FOMC. the volume is so insignificant compare to the moment of burst.

BR
 
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