Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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I did a wild experiment today. This was on sim, of course.
I opened the following windows:
1. a YM 2m chart, (no ES chart)
2. a Brackertrader window for ES, with the buttons: BUY, SELL, Close All, Reverse. All the buttons were set to market orders.
I was watching the YM chart, and traded the ES contract!
I wasn't looking at the ES price, I was looking at the YM chart, YM gaussian, drawn the YM channels, and press the ES order keys when a signal came. All the orders were at market; they were either BUY, SELL, CLOSE ALL, or REVERSE.
The results were quite surprising.
I opened the following windows:
1. a YM 2m chart, (no ES chart)
2. a Brackertrader window for ES, with the buttons: BUY, SELL, Close All, Reverse. All the buttons were set to market orders.
I was watching the YM chart, and traded the ES contract!
I wasn't looking at the ES price, I was looking at the YM chart, YM gaussian, drawn the YM channels, and press the ES order keys when a signal came. All the orders were at market; they were either BUY, SELL, CLOSE ALL, or REVERSE.
The results were quite surprising.
Actually, tums, what I was looking for was "...the links to (or copies of) the 3 reports mentioned in the first paragraph of "Jack's SCT Report" , e.g., Perspective Report; IF1, IF2 Strategy Report; and SRSM Report?". As I am not sure what Spyder would do, I ask questions.
The fact that you were able, so quickly, to find the docs, spurs me to greater effort. I am assuming of course that the search wasn't conducted on your computer desktop (ho, ho ho - just a little joke).
Be assured, that like you, I appreciate what Spyder has done and continues to do in this journal. However as a long time scientific academic, I have found that when I read something from the older literature, it can provide clarity to a current situation, give me the opportunity to see exactly what it was that the earlier speaker had to say and sometimes open a new avenue of thought. It is not my intention to inflict my interpretation of what has been said previously, on anyone. It is not my intention to confuse or obfuscate.
As I said just above:
Jack has a very interesting way of saying things. Not quite a Joycean stream of consciousness, but close. If anyone has read "Ulysses" you will know what I mean. My point is that although you may have to read a sentence, let alone a paragraph, multiple times to comprehend what is being said, you will not infrequently be gifted with multiple moments of bright, shining light or as Jack puts it, "ahha"'s.
lj
Spydertrader already mentioned If1/If2 here:
http://www.elitetrader.com/vb/showthread.php?s=&postid=1648302&highlight=if1+if2#post1648302
Regarding the elusive Perspective Report, a "perspective" is mentioned in several contexts in the different threads.
One is using the 7 channel levels to gain a perspective.
Another is using the Pre-flight check before the open.
It was also mentioned in describing pace/volume levels: slow medium and fast. In those areas "C" perspective was described as slow in one area and fast in another, but that could be a misinterpretation on my part or described that way for another reason.
So draw your own conclusions but usually you'll figure it out by the context.
IMO, in the older threads you'll find drills were used to bring focus on a certain area to overcome a block or keep someone progressing. After a while of focusing on that area by doing a drill you would notice something about the market and have an AHA. Rarely do you easily find the reason for doing the drills (in the text), it's sometimes mentioned in passing. It's worth while to know why the drill is important vs trying to use the drill as a trading system.
Regards - EZ
http://www.elitetrader.com/vb/showthread.php?s=&postid=1648302&highlight=if1+if2#post1648302
Regarding the elusive Perspective Report, a "perspective" is mentioned in several contexts in the different threads.
One is using the 7 channel levels to gain a perspective.
Another is using the Pre-flight check before the open.
It was also mentioned in describing pace/volume levels: slow medium and fast. In those areas "C" perspective was described as slow in one area and fast in another, but that could be a misinterpretation on my part or described that way for another reason.
So draw your own conclusions but usually you'll figure it out by the context.
IMO, in the older threads you'll find drills were used to bring focus on a certain area to overcome a block or keep someone progressing. After a while of focusing on that area by doing a drill you would notice something about the market and have an AHA. Rarely do you easily find the reason for doing the drills (in the text), it's sometimes mentioned in passing. It's worth while to know why the drill is important vs trying to use the drill as a trading system.
Regards - EZ
Chart for November 19
I also caught part of your first trade but only for 1.5 points. 
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