Spydertrader's Jack Hershey Futures Trading Journal
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Quote from Spydertrader:
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
Note to self:
Don't over dose on left over Halloween candy, you post a million questions and then crash by noon, ending up needing to take a nap and missing some answers.
The answers today to all my questions were very illuminating and have put together a lot of missing pieces of the puzzle for me. Thank you all.
Today's chart attached.
CNMS2
I am not trading this week cuz I am adding new indicators. I want to test before trading.
Why did you wait till 1500 (3pm est) to start trading today ?
IF I would of taken your first 2 trades, which looked good on the charts, I probably would of been very hesitant to take the next trade.
This is the high EQ that you obviously have compared to myself and probably other traders on this site who never experienced consistent good results.
It is very beneficial to me to see all trades and how well successful traders keep on going thru minor and unavoidable losses.
My binder is starting to fill up with your pretty blue charts. I am trying to get my printed charts to move like some of your charts.
I am not trading this week cuz I am adding new indicators. I want to test before trading.
Why did you wait till 1500 (3pm est) to start trading today ?
IF I would of taken your first 2 trades, which looked good on the charts, I probably would of been very hesitant to take the next trade.
This is the high EQ that you obviously have compared to myself and probably other traders on this site who never experienced consistent good results.
It is very beneficial to me to see all trades and how well successful traders keep on going thru minor and unavoidable losses.
My binder is starting to fill up with your pretty blue charts. I am trying to get my printed charts to move like some of your charts.
Wanted to share a small aha with regard to âwhat must come next,â because semantics can sometimes cause confusion. For example âwhat wasnât thatâ always made me feel like I had to run my brain backwards to understand it.
I always had a bit of difficulty with the concept of âWhat must come nextâ. It seemed to be a prediction. Nothing really needs to happen, or must. Volume and price can change at any time. How can someone say for sure that something is going to happen before it does, or that the market âmustâ do something? You canât dictate what it must do. Because X happened, now Y must happen.
Actually itâs just a subtle shift in thinking. More along the lines of: what do we need to see for continuation, what do we need to see for change. Or you could say âwhat should happen,â though thatâs not as concrete. For a certain thing to happen (FTT, FBO, BO) certain things âmustâ happen for them to be so.
Itâs not a statement that âthisâ happened, now âthatâ will happen. Itâs a commentary on getting the confirmation of what we observed, more of an anticipation. If we are going to see continuation, What must come next: increasing volume, etc. What must come next for change or a failure to happen? We believe we had an FTT, what must come next: decreasing volume to the RTL. It we didnât get that, we didnât have an FTT, it was something else. Of the something elseâs (what wasnât that), what can happen, and what do we need to see for those to happen?
This may all seem redundant, or obvious to some. Sometimes itâs little things that become stumbling blocks. And a slight shift in your perception or how you read something makes a big difference. I hope this would help anyone who has or had a similar block.
Regards - EZ
I always had a bit of difficulty with the concept of âWhat must come nextâ. It seemed to be a prediction. Nothing really needs to happen, or must. Volume and price can change at any time. How can someone say for sure that something is going to happen before it does, or that the market âmustâ do something? You canât dictate what it must do. Because X happened, now Y must happen.
Actually itâs just a subtle shift in thinking. More along the lines of: what do we need to see for continuation, what do we need to see for change. Or you could say âwhat should happen,â though thatâs not as concrete. For a certain thing to happen (FTT, FBO, BO) certain things âmustâ happen for them to be so.
Itâs not a statement that âthisâ happened, now âthatâ will happen. Itâs a commentary on getting the confirmation of what we observed, more of an anticipation. If we are going to see continuation, What must come next: increasing volume, etc. What must come next for change or a failure to happen? We believe we had an FTT, what must come next: decreasing volume to the RTL. It we didnât get that, we didnât have an FTT, it was something else. Of the something elseâs (what wasnât that), what can happen, and what do we need to see for those to happen?
This may all seem redundant, or obvious to some. Sometimes itâs little things that become stumbling blocks. And a slight shift in your perception or how you read something makes a big difference. I hope this would help anyone who has or had a similar block.
Regards - EZ
I don't trade everyday, and rarely more than a couple of hours at a time, although I don't hold a job. I know that (small) losses are part of successful trading. Although at first I was reluctant to trade SCT, I learned that for me it's less stressful than using entries and exits, because I have only two choices: long or short (rarely staying out). With entries and exits you have more variables to handle, this adds to the stress, and losses make you miss opportunities. Currently I'm pretty confident in what I'm doing, but by no means careless. I know I still have a lot to learn, and I enjoy it. I owe a lot to Jack, Spyder and many others that posted on ET, including those who asked questions that made me think. 
Hi,
I like entries and exits better than being in a lot because I can monitor the market from a much more objective perspective. When I have no position I am more patient and waiting for the exact right moment. FTT's about which I have doubts I can simply let them pass without any consequences in order to wait for the one that is crystal clear to me.
regards,
Ivo
I like entries and exits better than being in a lot because I can monitor the market from a much more objective perspective. When I have no position I am more patient and waiting for the exact right moment. FTT's about which I have doubts I can simply let them pass without any consequences in order to wait for the one that is crystal clear to me.
regards,
Ivo
Quote from cnms2:
I don't trade everyday, and rarely more than a couple of hours at a time, although I don't hold a job. I know that (small) losses are part of successful trading. Although at first I was reluctant to trade SCT, I learned that for me it's less stressful than using entries and exits, because I have only two choices: long or short (rarely staying out). With entries and exits you have more variables to handle, this adds to the stress, and losses make you miss opportunities. Currently I'm pretty confident in what I'm doing, but by no means careless. I know I still have a lot to learn, and I enjoy it. I owe a lot to Jack, Spyder and many others that posted on ET, including those who asked questions that made me think.
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