Spydertrader's Jack Hershey Futures Trading Journal

[silvermotion]

Quote from Jander:

note to self: Do not trade on Fridays

thats just ridiculous.

next friday thatll rock the boat youll say exactly the opposite

''note to self : trade on friday''

thats amateur behavior.

 

[Jander]

nope...actually most fridays are like this

<10 pt daily range leaves you very little room to make money imo

 

[bi9foot]

Could a few folks please post their annotated YM charts at the EOD.

Thanks

 

[Spydertrader]

12-07-2007 ES Chart

- Spydertrader

 

[FerdinandAlx]

Chart for December 7 2007

 

[bi9foot]

3 wins, 4 loses.

My trades for the day. For some reason I kept anticipating a move in the opposite direction of the big moves and missed them all together. See the trades in the purple box, they never moved significantly in my favor.

The reason for asking for some YM charts to compare my annotations.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1706389">

 

[guavaman]

Bi9foot

Heres my YM. I took the last hour and a half off and annotated it at EOD.

Hope it is helpful.

-guava

 

[WGTrader]

My ES for today. It was a more active day than usual for me. I found myself washing and reversing quite a bit. Despite 15 round trips, I snagged 7 points. I've been trying to incorporate more of the IF1/IF2 thinking, which I believe led me to making more trades. I'm not sure if I've reached a fork in the road in my trading style, but I am gravitating more to that of focusing on the most "high probability" trades, rather than thinking I have to be "in the market" all the time. This could stem from my options trading background perhaps. It is quite possible as my experience grows over time, my thinking about this will change. Anyhow, the journey continues!

 

[Atari]

12/7/07 ES Chart

Today was tougher for me than the last couple of days. It took me awhile to figure out the gaussians in a couple of spots.

 

[ericta]

Quote from bi9foot:

This is a snippet from today's YM. I am curious as to how you would annotate the channels.

I have done it two ways:
- first one is a fanned channel since the BO was not on increasing volume and the next bar seems to touch the original channel (creating a FBO)
- second one is an up channel off the FTT of the pink channel

EDIT: One might give a better read of the future direction than the other. The first one will give a better entry for a future down move while both will give the same entry for a future long move.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1705495">

Is it a bit too early to draw a p3 up channel there? this is what I would do if I "need" a channel for my stop, I draw it like this...
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1706541>