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    Spydertrader's Jack Hershey Equities Trading Journal III

    I use Qcharts as well, but have my broker feed (MBT) as back up. This morning Qcharts data was horrible. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    We look for sufficient data sets. As such, we do not make decisions off single data elements. Now, if you alter the question to say, "If Price was sitting on the left trend line of an uptrend while you held a long position, and you saw a -10 on STR / SQU would you immediately reverse?" The...
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    Spydertrader's Jack Hershey Futures Trading Journal

    1. Add your 20 SMA. Doing so shows why your Point Two turned into an FBO of the Red Down Channel. The 20 SMA often acts exactly like a trend line in wider Price Channels. 2. Where you have marked an FTT is really an HVS (High Volatility Stall). Call it a left to right traverse, a lateral or...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Depends on the context. If I held a long position, and watched STR / SQU jump up to +10, we have continuation. On the other hand, had a held a short position and observed the same +10 jump, I'd have change. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Try bundlemaker's video or Pr0crast's review document. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    What do you need to see for continuation (in this case short) and what do you need to see for change (in the case reverse and get long)? Assuming you used the FTT (Blue Doji Price Bar) as your signal enter into a short position, we also know that you have chosen to hold through the apparent...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Just as a stronger move in the STR / SQU represents a more pronounced move in ES price, so too does a 'sticky' move (one that seems to linger) allow us to anticipate a more sustained Price move compared to a STR / SQU 'quick pop' which immediately returns to the 'noise' area. In other words...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Today's STR / SQU Video for those with an interest. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    04-26-2007 YM Chart - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    04-26-2007 ES Chart - Spydrtrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    1. It doesn't appear that your automated bands (BB or Keltner) have provided you any assistance in locating an FTT. 2. I recommend learning to draw in channels. 3. Your Volume bars need changed so you can differentiate between red and black volume bars. Same with your price bars. 4. You...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I consider all values. You use STR / SQU in the NOW. Whatever the value is when you go to obtain the data is the important value. Check the STR / SQU value near trend lines. See the attached .gif file for examples of 'spike' bars. <img...
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    Spydertrader's Jack Hershey Futures Trading Journal

    The noon FTT doesn't really give an example of a 'spike' bar. As such, I would not have expected a STR / SQU signal. However, The YM does provide a signal during that time frame. Keep in mind, we do not yet have all the tools available as of this point in time. As a result, a signal for...
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    Spydertrader's Jack Hershey Futures Trading Journal

    The bars represent where the STR / SQU fell at the close of the bar. The Qcharts Histogram does not display the 'extreme' values once time passes. For this reason, I have never posted a 'chart' of STR / SQU, but felt some might find some value in a video (where one could see the extremes...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I left behind just enough Tequila for a return trip later in the year. :D - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    No. I do not 'take heat' in the sense most people use the term. When I say I 'take a loss' I mean to say that price has moved a certain distance before I realise I misread the market. Sometimes, I exit with a small profit. Other times, I reverse with a break even (wash) trade. Occasionally, I...
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    Spydertrader's Jack Hershey Futures Trading Journal

    It isn't complicated. The difficult part requires the individual to 'forget what they think they know' during the learning process. Once the trader understands channels and gaussians, the rest of the dominos begin to fall into place. - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    Even Harmonics = Lateral (CCC, HVS, etc.) = Continuation Odd Harmonics = Spikes (STR / SQU picks these up for you) = Change - Spydertrader
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    Spydertrader's Jack Hershey Futures Trading Journal

    As you no doubt read during the beginning of this Journal, I advise spending a great deal of time observing the market. As others have advised, you need to focus on learning the methods at this point in time. Concerning yourself over the profitability of others, or focusing on entry and exit...
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    Spydertrader's Jack Hershey Equities Trading Journal III

    Nicely done. - Spydertrader
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