Spydertrader's Jack Hershey Futures Trading Journal

[ljyoung]

Quote from Tums:

FTT, etc., works in any market, on any time frame (provided sufficient liquidity exists).

As far as I can see, you can use any resolution you wish...

For the purpose of this journal, we are focusing on 5m ES and 2m YM, so that we do not get into a rabbit hole and wasting our time analyzing things that has limited (or no) significance to the total picture.

The market is dynamic, if you drill down to the 1m bar, you will also find intrabar gaussians playing out. What do you do then? drill down to a 15sec bar?

You can go into 5x1m bars and earn a lot of valuable experiences, at the expense of what you could have learned watching the 1x5m bar at this stage of your journey.

just my thoughts.

Thank you for your thoughts, tums. I couldn't agree with you more about over-analysis and more particularly about trying to extract something from the data which quite possibly isn't there.

lj

 

[ljyoung]

Quote from cnms2:

I keep a sliver of an ES 1 min chart on the right side of my screen just to remember the recent 5 min intra-bar activity. It allows me to identify if the top or the bottom of a 5 min bar are part of a channel. Glancing at the 1 min (no annotations) allows me to finely monitor for change when coarser monitoring signals a change possibility. I'm aware this is not part of Spydertrader's or Jack's methods. Besides the YM 2 min I'm not using any of their finer tools yet.

Thanks, cnms2. Like yourself I am at the 5m/ES-2m/YM stage and think that the 1m/ES is an excellent ancillary tool. It does not supplant any of the dogma which is edifying. Thanks also for pointing out where you find it to be of utility.

lj

 

[TIKITRADER]

These charts represent the best batch of ' M ' days I could gather from the entire year. View them loosely for the shape.

I begin the ' M 'shape with the opening first bar.

 

[TIKITRADER]

These charts represent the best batch of ' W ' days I could gather from the year.

Again, view them loosely and start the ' W ' shape from the opening bar.

 

[Ezzy]

Quote from cnms2:

Great work!

Somehow when I open your pdf I don't see clickable links, so I just copy the link as text, then paste it in my browser.

They don't show up as a highlighted hyperlink text, but if you click on them they still work as a click-able link. Tried it with IE and Firefox, worked with both.

Regards - EZ

 

[TIKITRADER]

As far as the previous posts regarding the 'M' or 'W' days, I am just having a lot of fun with it.
Posted the charts for everyone to have a good time with it, if they are interested.

I don't want to take the syllabus off course with this.
So I will be posting the best answer I arrive at to this puzzle, at the year end of the journal.
Have fun with it if you like, and maybe post your response at year end also.

 

[WGTrader]

Quote from TIKITRADER:

These charts represent the best batch of ' M ' days I could gather from the entire year. ..

The tapes of the first 2 or 3 bars seems to be a pretty good indicator of an "M" or "W" Thanks for posting the charts TIKI

 

[cnms2]

Thanks

Quote from Ezzy:

They don't show up as a highlighted hyperlink text, but if you click on them they still work as a click-able link. Tried it with IE and Firefox, worked with both.

Regards - EZ

 

[Mr_Black]

Next week trading calendar...

 

[cnms2]

Also:

2:00 p.m. Tuesday, November 20 FOMC Minutes
Meeting of October 30 - 31, 2007

Quote from Mr_Black:

Next week trading calendar...