Spydertrader's Jack Hershey Futures Trading Journal

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1. M: 9:55 went high on lower volume
2. M: 9:56 no follow through on upside volume
3. A: Pt3
4. D: market will retreat
5. A: sell

6. M: 10:13 extension on high volume (caution flag)
7. A: exhaustion
8. D: step aside
9. A: covered at 20ma (conservative move. wait for next signal)
 

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I'm back in ?4GH thread and these guys are talking about the "flapper on the 5 minute bar". I also remember Jack talking about the "YM-$INDU" flapper. Is the "flapper" simply the moving portion of the price bar and for YM$, the changing value of the ∆?

TIA for any help.

lj
 
Here is my work for today. +3.5
1. Down trend
2. Point 1,2 made waiting for point 3
3. Got it on the YM at around 10:32
4. Went short on ES at 1462.75
5. Wait for increasing Red volume on ES or possible increasing black at which point I would have reversed.
6. Increasing red to the LTL then I thought we had an FTT at the LTL so I closed at 10:39 1459.25.

All of those great trades you guys posted yesterday were inspirational:)
Good trading to everyone.
Gooch87
 

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Quote from gooch87:

Here is my work for today. +3.5
1. Down trend
2. Point 1,2 made waiting for point 3
3. Got it on the YM at around 10:32
4. Went short on ES at 1462.75
5. Wait for increasing Red volume on ES or possible increasing black at which point I would have reversed.
6. Increasing red to the LTL then I thought we had an FTT at the LTL so I closed at 10:39 1459.25.

All of those great trades you guys posted yesterday were inspirational:)
Good trading to everyone.
Gooch87
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Nice work - I made almost the same trade :)
 
shorthere1.png


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