Spydertrader's Jack Hershey Futures Trading Journal

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1 entry, 2 reverses, 1 exit, +5.75 Points

Monitored from 9:30 - 11:15am

Trade 1: Entered long

YM breakout with extreme Black Volume
Held through retrace (Eyes were fixed on Volume @ 10:00am)

Trade 2: Reverse short

(A bit late) - market kind of stalled here - headed into a 25 min period of CCC, anticipated Fanning of channel as demand was waning (Change - reverse) so I was looking for a PT3 of the newly fanned channel
Watching for what must come next (i.e. increasing red Volume and a PT3)
I remember thinking 88.5ish was the area based on the fanned channel

Trade 3: Reverse Long

On PT3 with moderate red Volume, and YM was showing decreasing red volume after R2R\/
Watching for what must come next (i.e. increasing black Volume)

Exit: and finish last minute Christmas shopping :)

Black Volume declining (looked like an FTT) and entering lunchtime so exit and go shopping
Turns out it would have been a nice reverse :)

I have attached Ninja Trader screen shots and will include my chart in the following post

Happy Holidays!
 

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Hi all,

My STR-SQU offsets for today were 84 from index.arb and 83 using Spyder's method. The probe appears to be running high implying a larger value for the offset. Does anyone have an alternative number that they might wish to post? If this is one of those "if you can't tell, then figure out why" moments then -:cool:.

lj
 
This is a live trade. It is of the YM not the ES. I have not traded all week and needed to warm up.
All that matters here is that we understand the method that has been taught. Over time, some may change the instrument they trade.

Inside the main down channel, a new up channel was forming.
I was looking to enter a point three.
Entered on rising volume.
One other thing, the 30 min chart had a pennant that was looking bullish.
I was holding for the break of down channel.
Price moved in a lateral and slow up after I entered.
Also , price held above the 20sma.
price and volume did not come in to play to do what was needed till about 2:01pm.
Everything after that went smooth.

The 2:05, 2:07 and 2:09 bars formed on flaw volume, about 1/3 of the 2:03 bar.
Volume again entered and price rose while I held the trade.

It was the 2:15 bar that I chose to exit.
Volume was forming the red retrace side and price was far from the 20sma.
At that point I felt price was heading for the M/A and I exited.

On OEC all charts are done on the odd minute.
Annotating is awful on charts so I keep it simple.
The charts get stamped with an arrow on entry and exit. So those are done by OEC, I did not place arrows there.
This is my live account so I blanked out the account #.

I am not ready to carve turns live, but I imagine I will be carving turns in the future. I can see them, so all that is left is to get comfortable enough one day to do this.



ymlivetraderealtimedecember212007.jpg
 

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