Spydertrader's Jack Hershey Futures Trading Journal

TIKITRADER · Dec 2, 2007

This is a set of three screenshots from the second video posted.

Images are tick, and ES price and volume, for the time period of 11:20 to 11:40am for Friday.
Looking inside the 5 minute bars to see support and resistance levels that are formed on tick.

TIKITRADER · Dec 2, 2007

Ok,

I said I would wait till year end to answer this question on 'M' or 'W' days. I am giving it my last shot at this today since we have entered the final month of the journal, and the beginning of a lifelong journey.
I have been making it much more difficult than it is. So I simplified the approach to this, and here is my answer.

Spyder if this is correct, just give a yes.
If not, wait till year end and post your reply to this.

Here is the simplest outlook I could take on this so here it is. . .

On a ' W ' look for an R2R on the open

On a ' M ' day look for a B2B on the open

Spydertrader · Dec 2, 2007

Quote from TIKITRADER:

Spyder if this is correct, just give a yes.
If not, wait till year end and post your reply to this.

Nope. And FYI, It's "M / W" or neither, and not, 'M' or 'W' or 'Neither.' In other words, M and W fall under one catagory. The rest represent another category.

- Spydertrader

TIKITRADER · Dec 2, 2007

Quote from Spydertrader:

Nope.

- Spydertrader

Final attempt, but I really did give it a good try and had a lot of fun with it !!

ang_99 · Dec 2, 2007

Quote from TIKITRADER:

Final attempt, but I really did give it a good try and had a lot of fun with it !!

Why all the secrecy? I asked a few months ago. No answer

Tums · Dec 2, 2007

Quote from ang_99:

Why all the secrecy? I asked a few months ago. No answer

have you given the clues some thoughts?
what have you deduced? care to share?

Spydertrader · Dec 2, 2007

Quote from ang_99:

Why all the secrecy? I asked a few months ago. No answer

No secrecy at all. Tiki wanted to try and figure out the answer on his own before I posted it. Nothing more.

- Spydertrader

ang_99 · Dec 2, 2007

Quote from Spydertrader:

No secrecy at all. Tiki wanted to try and figure out the answer on his own before I posted it. Nothing more.

- Spydertrader

Ok, looking forward to the answer. I personally can't figure it out either.

TIKITRADER · Dec 2, 2007

Channels for BW. pg.50

nkhoi · Dec 2, 2007

Quote from TIKITRADER:

Channels for BW. pg.50

http://i220.photobucket.com/albums/dd320/TIKITRADER/channelsdocpage50.jpg

so M/W day = chop day, M day when price stays above first 3 bars range and vice versa for W day.