Spydertrader's Jack Hershey Futures Trading Journal

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Actually the pt3 entry, and especially the RTL break exit, when applied on any fractals above tapes, isn't a panacea. Jack wrote that the way to trade is on the long diagonal of the parallelogram, the LTL of the old channel to the LTL of the new channel. The farther from these points you trade the more money you leave on the table, and in a way the riskier it is.
Quote from Haroki:

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?
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Quote from cnms2:

pt3 (14 charts; from left: 2 min ym, 5 min es, 1 min es)

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662053 width=512>
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Nice series of posts! I'm with you all the way except for on this one... Was a little confused at your thought process, and have some questions.

What reason did you have to go long? I would understand a long shortly after this, but based on the info available here it would be cool if you'd expound on what lead you to that decision. It looks like you are trying to get in on the move before it has even begun.
 
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