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Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Awesome gooch! I was in the same trade, only 3 SECONDS later than your entry! Fortunately I was able to hold for 20 more minutes.Quote from gooch87:
I have a good trade to post.
I sold early because I had to leave.
good trading everyone
gooch87
<img src=http://elitetrader.com/vb/attachment.php?s=&postid=1670797>
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mmm... sort of, it's still not clear though.
In the strictest sense, once a two-bar tape is formed, if ANY price violates the tape RTL as it is extended, the tape is broken. In this case, we have a firm pt. 1. Point 2 is tentative, but once another tape, same direction as the first, is made, our point 3 is confirmed and a channel is drawn. According to this thinking, (for an up-tape) higher highs and higher lows is irrelevant. Only the tape RTL violation tells us that a potential point 2 is on the table.
This is still not consistent with many tapes I see, where a gap exists between the low of a bar and the tape RTL from where the RTL was "rotated out".
The posted illustration gives a good example.
Thanks,
RoughTrader
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Quote from RoughTrader:
This is confusing because it blurs the boundary between two fractals.
Thanks,
RoughTrader
Try this one also.
have you read the CFBW?Quote from RoughTrader:
mmm... sort of, it's still not clear though.
...
RoughTrader
2nd post, 8th link.
http://www.elitetrader.com/vb/showt...erpage=6&highlight=tree channels&pagenumber=1
Quote from Tums:
have you read the CFBW?
2nd post, 8th link.
http://www.elitetrader.com/vb/showt...erpage=6&highlight=tree channels&pagenumber=1
4 times. did I miss something in the document where tape examples are discussed?
RT
Try to think of the market as a fluid motion...
The market does not know we use 5 min bars to represent its action.
The market just oscillates... up, then down, and up again.
Sometimes the market oscillates faster, other times slower.
Most of the times the 5 min bars can capture the oscillation motion.
The market does not know we use 5 min bars to represent its action.
The market just oscillates... up, then down, and up again.
Sometimes the market oscillates faster, other times slower.
Most of the times the 5 min bars can capture the oscillation motion.
Quote from Spydertrader:
What I use to trade:
YM, DOM, OTR and T & S. Filter your T & S to only show size (50 cars or more).
- Spydertrader
Spyder,
How would you rank each of the above four tools from 1 - 10 (10 being very important) for your trading?
Also, you didn't include str/squ. Do you not find it useful at this time?
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