Spydertrader's Jack Hershey Futures Trading Journal

[Tums]

I am still working on it...





can I have just one more hint please?

 

[ang_99]

Quote from RoughTrader:

Following along this discussion, I have a little exercise for you guys. Looking at the attachment, how would you annotate the price and volume snippet?

RT

 

[PointOne]

Quote from FerdinandAlx:

You didn't make a mistake. You got out with a small profit when you saw that the trade had a less than favourable risk/reward ratio.

What?

I can't believe we are in December and people are still talking in terms of risk:reward.

Simple IF2 would have worked.

Don't predict.

 

[Spydertrader]

Quote from Ezzy:

Referring to dkm's post, by different context do you mean expecting the declining volume and current direction (retrace) to continue until +PRV or were you getting at something else?

Not only the above, but also, keep in mind non-dominant retraces also form out of lateral traverses. It is during these times when we often see the /\/R2R2B or /\/B2B2R Transitions. Lastly, the +PRV we anticipate could form out of either Red or Black Volume depending on where one finds themselves in the channel.

Quote from Tums:

can I have just one more hint please?

I plan to hold off a few days in case others continue to work on this as well. Hint: Price Bars do not contain the answer.

- Spydertrader

 

[PointOne]

Quote from RoughTrader:

Following along this discussion, I have a little exercise for you guys. Looking at the attachment, how would you annotate the price and volume snippet?

RT

My effort:

 

[RoughTrader]

Quote from PointOne:

My effort:

Nice. So the blue lines I have drawn in the attachment: are they tapes, or are they pt. 3 channels?

RT

 

[gooch87]

Here is my effort

 

[gooch87]

Quote from RoughTrader:

Nice. So the blue lines I have drawn in the attachment: are they tapes, or are they pt. 3 channels?

RT

Here is the way I see them. I may be wrong on this and look forward to correction.

 

[cnms2]

.

Quote from RoughTrader:

Following along this discussion, I have a little exercise for you guys. Looking at the attachment, how would you annotate the price and volume snippet?

RT

 

[bi9foot]

Quote from RoughTrader:

how would you annotate the price and volume snippet?

RT

Here is mine