Spydertrader's Jack Hershey Futures Trading Journal

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Quote from ang_99:

I dont get why you saw this as a point 3 down channel.

...:confused: So I'm thinking your pt3 is a FTT and your new pt 1.
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I have just compared my chart with Spyder's and I believe that my point 3 is point 3 to the down channel and also an FTT, even stronger signal to go short.:D
 
Quote from callmate:

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I have just compared my chart with Spyder's and I believe that my point 3 is point 3 to the down channel and also an FTT, even stronger signal to go short.:D
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You know what, nevermind. :D

We can obviously use a ftt as a pt3 to draw our new channel.
 
Quote from ang_99:

You know what, nevermind. :D

We can obviously use a ftt as a pt3 to draw our new channel.
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Please ang post your charts and let's see how you have drawn your down channel. I don't know why you can't see point 3.:p
 
Quote from callmate:

Please ang post your charts and let's see how you have drawn your down channel. I don't know why you can't see point 3.:p
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I usually use a ftt as a pt1 and wait for pt3 to develop after BO instead of using the LTL bar as my pt1 and the ftt as pt3. Thats what threw me off. Hopefully you get what I'm saying, if not I'll post a chart.
 
I kept adding and deleting that channel on my charts. I agree it was a "red retrace". I took the same trade as you, but entered a little later and exited even later for only .75 points (doing reversals).

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1721743>
Quote from callmate:

Please ang post your charts and let's see how you have drawn your down channel. I don't know why you can't see point 3.:p
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