Spydertrader's Jack Hershey Futures Trading Journal

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Nice annotations!

Suggestion: extend more the channels toward the right, into the future, to see where the price will go.
Quote from RoughTrader:

today was easy pickin's so far.
Today's chart so far.

RT
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From your channel annotation, as well as from the two trades you've described, it seems that you're more oriented toward catching reversals. In my opinion, JH's method is more about trading with the trend: establish a channel / tape (asap), then have it show you where the price is going, more than watching for its TLs' breaks as signals for reversals.

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You are right there cnms2, I only realised this myself some days ago when Spyder posted " Putting it all together."

I realised I was always looking for a CHANGE ( FTT). I should remain with the trade until change occurs instead of actively looking for a CHANGE. Also I find it easier to go short then go long.

Perhaps I can improve upon that with you kind folks guidance/help. Would you care to annotate my charts and show me what you mean please.:p
 
This is what I was suggesting:
Quote from cnms2:

'And for enter write: "just do it after I have lines drawn".'

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1681402>
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Quote from callmate:

From your channel annotation, as well as from the two trades you've described, it seems that you're more oriented toward catching reversals. In my opinion, JH's method is more about trading with the trend: establish a channel / tape (asap), then have it show you where the price is going, more than watching for its TLs' breaks as signals for reversals.

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You are right there cnms2, I only realised this myself some days ago when Spyder posted " Putting it all together."

I realised I was always looking for a CHANGE ( FTT). I should remain with the trade until change occurs instead of actively looking for a CHANGE. Also I find it easier to go short then go long.

Perhaps I can improve upon that with you kind folks guidance/help. Would you care to annotate my charts and show me what you mean please.:p
More...
 
5th week into this.
Annotating live data for the 8th time.

Started the morning well.

Was watching for point 3 on the 4th bar (945am). Noticed it was possible when ES was at 1442.50 an when it broke previous bar high (1443.75) with +PRV, marked it as PT3.

Drew in aqua channel and when price opened below my RTL (1015am) I noted it as a BO form my channel.

*see YELLOW arrows*

In hindsight this was still a pullback on the bigger blue channel.

Missed the move from Blue PT3.

Recognized the "magenta" colored down channel on time.

Saw the PT3 forming here as well when ES was at 1451.50

Followed the down move by drawing in steeper channels (BLUE and GRAY) saying to myself I would "attempt" to hold this down move until the RTL of the steeper channel was broken.

The 115pm Black(green) volume bar was the biggest "buying" volume since early this morning giving me a heads up.

At 135pm price broke my GRAY channel RTL (yellow arrow) and I awaited the forming of the next channel.

Comments?

And please review the gaussians as well...this is my first time "trying" to annotate these as well.

Thanks in advance
 

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Quote from callmate:

From your channel annotation, as well as from the two trades you've described, it seems that you're more oriented toward catching reversals. In my opinion, JH's method is more about trading with the trend: establish a channel / tape (asap), then have it show you where the price is going, more than watching for its TLs' breaks as signals for reversals.

------------------------------------------------------------------------------
You are right there cnms2, I only realised this myself some days ago when Spyder posted " Putting it all together."

I realised I was always looking for a CHANGE ( FTT). I should remain with the trade until change occurs instead of actively looking for a CHANGE. Also I find it easier to go short then go long.

Perhaps I can improve upon that with you kind folks guidance/help. Would you care to annotate my charts and show me what you mean please.:p
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I used to look for FTT all the time... ;-)

http://www.elitetrader.com/vb/showthread.php?s=&postid=1556273&highlight=stay#post1556273


edit: my previous reference to "false FTT" should read "mistaken FTT".
 
Here is my ES for today. I caught a good chunk of that "rocket" starting on bar 71. I have reintroduced the YM and tick charts back into my monitoring. Things seem clearer the second time around! :p. I still have a ways to go, but every day I build more and more confidence by taking very selected trades for 4-5 points.
 

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Quote from WGTrader:

Here is my ES for today. I caught a good chunk of that "rocket" starting on bar 71. I have reintroduced the YM and tick charts back into my monitoring. Things seem clearer the second time around! :p. I still have a ways to go, but every day I build more and more confidence by taking very selected trades for 4-5 points.
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WG,

Very nice chart!

Are your trades on the sim or regular account?

Would you be opposed to posting them for review?

Thanks in advance
 
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