Spydertrader's Jack Hershey Futures Trading Journal

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Hi,

Ok. interesting. Not from a technical viewpoint (it's not a market issue) but from an emotional point of view. For example two times -1.5 in a row is not so funny after you've just made +4.

It's interesting to analyse. For example I notice my biggest gains come after the biggest losses so I am trying to reproduce this but then without the losses/mistakes :-)

I was just wondering if I was the only one who sometimes has losses of 3.5 points. (and one time I even reversed and had another 3 pt loss)

I am really forward to the day where we can wash with a loss of max 3 ticks.....

regards,
Ivo



Quote from cnms2:

+2.25: -1.25 -1.5 +4 -1.5 -1.5 +2 -3.5 +3.25 -1.25 +3.5
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Quote from TraderD72:

Was anyone able to identify in REAL TIME the point 3 at 3:25pm???

Found this to be difficult and even in hindsight you would have been getting long about 2.5 points above the RTL.

I find these point 3's difficult in Real Time using only ES and PRV.

Other than "tapes" and PRV what other clues do you guys look for when using only ES and PRV to help you identify Point 3's in real time???

Thanks in advance.
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The long red bar also broke through the RTL of the existing 'tree' channel on increasing volume. (blue on Spyders chart). Perhaps not most typical of a FBO/fanned out pt3.

Things where looking pretty 'choppy' already to me. Lots of formations long bars with lots of overlap so while I did not anticipate a point 3 there I was not overly surprised.

The worse you could have done was sell the BO of the blue LTL or the close of the red bar. At some stage you would reverse and be on the right side of +VE's to the close :D There where many better scenarios where you would of picked up an extra point or two.

Even with fine tools I think you would have had to be pretty nimble to really nail the turn. You can get a long way with the 5 min ES & PRV.

Cheers.
 
Quote from BlowFish:


The worse you could have done was sell the BO of the blue LTL or the close of the red bar.

Cheers.
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I did even worse than that.

I bought the BO at the top minus one tick. Then ignored the FTT at the next bar and then reversed at the close of the red bar......

That must have been the whipsaw of the day lol.

I quickly reversed after that when I noticed I was wrong and made up for all + a little more.

regards,
Ivo
 
Quote from ivob:

That bar was just mean! Hard stuff.

One indication: at LTL there was no LTL bounce, no FTT. It does not happen very often that price breaks RTL without a signal of "change" although it did happen this morning. That bar was in fact the FTT: change.

Seems like it was a day of tapes...

I made a mistake here. I entered long after price broke RTL. Then that crazy bar came and I had to cover at a big loss. Then I re-entered later. Of course I should have waited for point 3.

regards,
Ivo
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Ivo, Blowfish, Ang, etc. thank you all for your help.


I annotated the channel from 1:25pm (magenta channel on my chart) but then I also drew in a steeper channel starting at 2:25pm (aqua channel).

I dont see this second steeper channel on anyones chart...Is this channel valid?

I saw the 3:10pm high volume RTL breakout and thought I was all set (LOL) but then.....

I viewed the as breaking out of the BLUE channel on my chart on increasing RED volume...

Didnt anticipate the next bar at all.

After reviewing comments and charts it becomes a little more
clear.

The dotted lines are hindsight trendlines.

Thanks again!!
 

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Quote from ivob:



I am really forward to the day where we can wash with a loss of max 3 ticks.....

regards,
Ivo
More...


Actually APA is pretty straightforward in theory. it says always put a stop right after your entry 1 tick away twice the size. it does sound crazy though.
Did anyone try this using a trading program? RoughTrader?
 
Quote from ivob:

Hi,

Ok. interesting. Not from a technical viewpoint (it's not a market issue) but from an emotional point of view. For example two times -1.5 in a row is not so funny after you've just made +4.

It's interesting to analyse. For example I notice my biggest gains come after the biggest losses so I am trying to reproduce this but then without the losses/mistakes :-)

I was just wondering if I was the only one who sometimes has losses of 3.5 points. (and one time I even reversed and had another 3 pt loss)

I am really forward to the day where we can wash with a loss of max 3 ticks.....

regards,
Ivo
More...
 
Quote from ericta:

Actually APA is pretty straightforward in theory. it says always put a stop right after your entry 1 tick away twice the size. it does sound crazy though.
Did anyone try this using a trading program? RoughTrader?
More...

Hi,

I don't get it. Twice what size?

regards,
Ivo
 
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