Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
- Start date
- Status
*** Jan. to March level question ***
Looking (live and in part even in hindsight) at yesterday 27.11. I have found this day to be rather difficult for me to stay on the right side with all those R2R and B2B (esp. 13oo-153o).
Is it just my inexperience or can some of you more experienced confirm that it was more difficult than normal?
Although no valid market watching criterion maybe the market is nervous and sensing a break (down rather than up)?
Thank you for your comments!
Looking (live and in part even in hindsight) at yesterday 27.11. I have found this day to be rather difficult for me to stay on the right side with all those R2R and B2B (esp. 13oo-153o).
Is it just my inexperience or can some of you more experienced confirm that it was more difficult than normal?
Although no valid market watching criterion maybe the market is nervous and sensing a break (down rather than up)?
Thank you for your comments!
If memory serves me right, only one APA is allowed per one minute bar. I never figured out how this could work in practice because the APA stop is so tight, it is almost bound to be hit. After that, it is back to IF1/IF2 for the remainder of the bar. I'm not sure if this is on-topic for this journal.
I found it quite challenging. Look at spyders chart carefully bar by bar. Even challenging days are less challenging when you have a well annotated chart
For example the FBO yesterday seemed to give many people a bit of trouble but every chart I have seen posted here has dealt with it in a consistent fashion. Once we recognised it we knew where we were again.If you are in March you may have not formally come across faults, and almost certainly not across formations. I would never dream of suggesting you do stuff out of sequence but I personally found those sections pretty darn useful as 'slightly more advanced basics'. Essentially they add on to core chart annotating skills. I still have not added finer tools (beyond YM) though glance at the DOM at appropriate moments.
Sometimes I just lose track of the gaussians. Sometimes its because I have lost focus, often it tells you something about the market. In one of the Tuscon videos Jack talks about "not being able to get gaussians" and he stops drawing them. It often hapens around lateral movement.
Cheers.
In my opinion the afternoon was hard.
There are different kind of days. Yesterday tapes were broken and no point 3's came. Price went straight thru RTL's even though there was no FTT. sudden FBO's etc.
Then there's volume and there's range. We need volume for range/volatility but sometimes there are these perfect days with big moves on volume that is not extreme at all. Other days volume is much higher and the range is lower.
I still haven't figured it out completely but once you notice you have a certain type of day better take that into account.
regards,
Ivo
There are different kind of days. Yesterday tapes were broken and no point 3's came. Price went straight thru RTL's even though there was no FTT. sudden FBO's etc.
Then there's volume and there's range. We need volume for range/volatility but sometimes there are these perfect days with big moves on volume that is not extreme at all. Other days volume is much higher and the range is lower.
I still haven't figured it out completely but once you notice you have a certain type of day better take that into account.
regards,
Ivo
- Status