Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader:

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
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Ahh I suspected something like this, I posted a while back about detecting a trend day as opposed to a W or M This helps a lot in culling some dead end paths.

Food for thought what will a daily stall HVS & hitch look like intraday? How about end points? M's W's V ^ are likely to feature seems to me. (I appreciate the exercise is to detect the type of day from the first few bars but things are fractal right?)

Spyder, as an aside hope you might find a little time this month to talk about IF1/IF2's APA's etc. I see them as actions (maybe thats wrong). I like hearing about actions :)

Have a good week everyone.
 
Tiki,

Great charts. Your work now and earlier in the year is outstanding from the point of view of seeing how the finer tools are integrated. Thanks.
 
Quote from BlowFish:

hope you might find a little time this month to talk about IF1/IF2's APA's etc.
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I do have plans to discuss this before posting about the Final Exam. Hopefully, you'll see this very soon.

- Spydertrader
 
Quote from Failure2Travers:

Was the number at 9:00 a FBO or do we readjust for a PT.3?
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Let me ask you a question. In your red down channel, do you have a pt3? What is required to have a pt3? I don't see any volume in your example. Volume and it's annotations are essential to answering our questions, as it tells us if our channels are properly drawn.
 
your pt 3 was not a point 3 down. For a pt 3 down price must move away on INCREASE RED VOL. Yours is on dec red, so not a pt 3. The # at 10 am had inc red, followed by increased blk but then followed by increased red for the outside bar (all intrabar). I have this as my pt 3 down.

Quote from Failure2Travers:

Was the number at 9:00 a FBO or do we readjust for a PT.3?
More...
 
Quote from Failure2Travers:

Was the number at 9:00 a FBO or do we readjust for a PT.3?
More...

Replay the Price Action in your mind for this bar. (BTW, News made an impact here - ISM report). Price moved downward, formed, what appeared to be an FTT, broke through the High of the previous bar, and appeared to form a Point Three Up channel. Price then reversed headed back down through the point at which it previously appeared to form the FTT, and then headed lower. All that within one single Price bar. Increasing Red, to Increasing Black to Increasing Red again. Does such action form a Price cycle in your mind? How does dropping to a faster fractal help? How do you think your channel should look?

- Spydertrader
 
The reason I thought about making the first channel a PT. 3 was because it aligned very well with the moving average. I would not enter a PT. 3 trade without increasing volume, but I have noticed how well the moving average behaves when trying to identify a real PT.3. I realize that if I would have entered the trade on increasing volume then I should be out on the 10:10 FTT. There was rapid price movement on the 10:00 bar and I am nowhere near the skill sets to trade intrabar.
 

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