Spydertrader's Jack Hershey Futures Trading Journal

[cnms2]

15 min es

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1662998>

Quote from WGTrader:

Here is my 15-min ES chart so far today. I am finding that maintaining a 15-min chart in addition to my 5-min chart helps me keep the big picture in mind (so I don't go too far down the "rabbit hole.")

 

[Haroki]

Quote from Avi 8:

Not at all.
The time should be 1225.

Now I know why Jack uses bar numbers instead of 'time'.

Mike

Edit: See what could have told you sooner than the FTT at 1225? A LTL bounce with price going higher but VOLUME not increasing. Is this what happens to keep price 'continuing' up? So now look at the YM. It showed price 'peaking' on LOWER black volume. It should make the hairs on the back of your neck stand up if you are long.

Ok then.

So did you draw in >black 1200-1205 and then < black 1205-1220? Cuz I just drew in >black from 1200-1220. The dec red after 1220 throws me off cuz I don't know how to put that in a meaningful way that shows me what's going on....

 

[Avi 8]

Quote from Haroki:

...So did you draw in >black 1200-1205 and then < black 1205-1220? ....

No I didn't.

I see no problem in the way you drew your gau. Notice where the black volume 'peaks' within that gau and how the volume behaved after that when price 'peaked' later. See how volume leads price?

The emphasis has to be on volume! Especially when you start to trade this live.

 

[Spydertrader]

Quote from Haroki:

Absolutely about changing fractals.

This makes a lot of sense to me now. But a few Q's.

Let's take the obvious 11:45 FTT as an example. You're saying enter long here and hold through the retrace until 12:45, there's your pt3. I have a blue line there - actually, it's a "pt 5" since it's been there already, LOL. So for a forest trader, hold until the blue line is broken?

If trading on the Forest (blue) fractal looking for Point Three entry signals, then yes. Note also, how the market provided an easy entry by creating a FTP at 11:45 AM (or so). Even if one did not 'see' the Point Three on the previous bar, one certainly can 'see' the BO of the Pennant. Now, PRV, no doubt, indicated increasing black on the BO Bar (which by end of bar did not materialize), but note how Price continued to move in your favor, and then, the increasing black arrived one bar later. Boom! "What must come next," did.

The Forest Level trader, learning to spot FTT's should trade in such a fashion in order to aid the transference process. Once one learns to quickly spot the FTT, one can then move to trading The Forest Level Dominant Traverses or Trading Both Traverses of The Forest Level (Tree Level). One learns two things in the process. 1) Maintain the fractal on which one trades, and 2) Supreme confidence from an improved ability to locate quickly a forming FTT. Oh, and you might make a little money along the way as well.

- Spydertrader

 

[gooch87]

here is the rest of my day

 

[WGTrader]

My 5-min chart for today.

 

[WGTrader]

And here is my 15-min chart.

 

[guavaman]

Oh how sweet it would be to be a competent JHM trader on a day like today . Today could have paid for the Porsche. Some day and hopefully soon.

 

[Mr_Black]

here is some fine level signals....

 

[RoughTrader]

Here is today's 5m ES chart.

RoughTrader