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    Spydertrader's Jack Hershey Futures Trading Journal

    STR/SQU... In general, when monitoring STR/SQU, does the magnitude of the STR or SQU have any meaning? In other words, is a spike that is much larger than the +/- 2 Neutral range more interesting than a spike that barely breaks Neutral? I'm curious if others see a lot of "flashing". By...
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    Spydertrader's Jack Hershey Futures Trading Journal

    As others have already mentioned, and from Spyder's post(s), sweeping STR/SQU is done at "Action Points", right? That said, I believe having some form of historical tracking is important for Fair Value ("Offset") calibration. If all one has is a meter that shows the NOW, then how does one...
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    Spydertrader's Jack Hershey Futures Trading Journal

    WGTrader, If I understand what you're trying to do, then no, I don't agree. IMO, you need to "harvest" str/squ at the tick level, on every YM last trade. Then, during every bar interval, keep the high and low values for display purposes. If you have a FV (Offset), then you can color the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    WGTrader, I display 2 min bars because it is currently convenient for me to do so in my app. That said, my calculations are done at the tick level, nothing to do with time or bar intervals. If I remember correctly, Mak's sheets does this stuff at the tick (last trade) level as well...
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    Spydertrader's Jack Hershey Futures Trading Journal

    At ~ 10:32, here's mine: <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1429627> Notes: 1) these are 2 min bars 2) the NOW value (blue line) is basically at my FV spooz
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    Spydertrader's Jack Hershey Futures Trading Journal

    txuk, Yep, I'm pretty sure you have more experience watching/using STR/SQU than me :) I've only had the Auto-FV up and running for 3 or 4 days. And as you know, these days have been pretty quiet. My average reports gradual changes throughout the day but as you pointed out, won't...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hey txuk, Sure... I calculate the YM Premium in real-time, at every YM trade (at least every trade my app "sees") using the current cash price. For Fair Value (FV), I have 3 modes coded up that effect the display: 1) No FV. The bars are displayed in black. In this mode, look for the...
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    Spydertrader's Jack Hershey Futures Trading Journal

    nkhoi, The best I can tell using hindsight, my Fair Value (Offset) at 14:00 was 69.69. This value is > 2 pts higher than yours, which might explain why you show mainly SQU during the 13:30 - 14:00 period (and after). If my value is correct (or close) then your lower blue line is closer to...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Here's a YM snippet around the time of a sim-trade entry (short) by me this morning. My timestamp is prolly off +/- a few seconds due to the fact that my data is timestamped locally (as opposed to the feed's server). Also, I was glued to the ES when this occured and only really noticed this...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Cool, we're still talking PV & Gaussians. Here's my debrief on the first snippet... Starting with 2 bars, you've drawn in tape. If you're glued in RT, this is how one can start to build a channel. In snippet 1, we don't have any CO's or overall NOW sentiment. In other words, the NOW is...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Since we're still in the month of Gaussians and PV, I wanted to post while we're still on topic. From Jack's "Building Minds for Builiding Weath", PV is: If the Volume trend is UP, then the Price trend will CONTINUE, or, If the Volume trend is DOWN, the the Price trend will CHANGE When...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Attached is my hindsight view of the ES today. My real-time chart was similar but I forgot to take screen before I closed my App, lol. My recent AHA and current struggle is this: Channels Widen. Traverses often "operate" without much widening required. But, the cool Forest channels often...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Spyder, ROFL @ "slightly easier"... How about this... What day is this so I can see how bad I did? :) spooz
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    Spydertrader's Jack Hershey Futures Trading Journal

    PointOne, Nice job! I appreciate that you took the time to do it and post your answer. I don't know anything about "Rockets", so, I'll take your word on them. :) Anyone else besides PointOne wanna address the B2B and (6): 5.5) In theory what should the B2B "do" in this example...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hey Fellow PV'rs, attached is a drill to force you to think about Gaussians. If you are interested, give it a try... The attached chart shows "theoretical" Gaussians. These Gaussians reflect price action in the form of channels and traverses within the channels. Your job, if you decide...
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    Spydertrader's Jack Hershey Futures Trading Journal

    I'm a huge fan of Mak's Excel-based tools. There is a LOT of discussion in the older threads regarding the usage of these tools. I for one, hope that Mak will discuss his "Abstract" STR/SQU at the appropriate (future) time. No hurry for me. I used his combined sheet extensively late last...
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    Spydertrader's Jack Hershey Futures Trading Journal

    On my YM chart, I have good looking up channel "operating". On the YM, take a look at the time period between 11:00 and 11:20 (the WTF on dkm's chart). I see 2 B2R's followed by another B2R with volatility expansion. For there to be "change" in an uptrend, we would need to see increasing red...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Tums, First off, nice illustration! FWIW, I made an attempt at drawing in "theoretical" gaussians for what volume behavior I would expect to see based on your price action. I tried my best to line up the gaussian peaks to the relevent price action points of interest. My assumptions...
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    Spydertrader's Jack Hershey Futures Trading Journal

    Hey R/R, We're looking at the same chart. I didn't really focus on the A-E sequence except for the last R2B. Yes, the last half of the last gaussian is decreasing black. But this gaussian doesn't push price to his new point 3, right? Since this is a hand-drawn chart maybe I'm off base...
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    Spydertrader's Jack Hershey Futures Trading Journal

    8833broc, Ignoring PV for a second, from a purely mechanical channel drawing point of view, you found a new point 3, right? So, "just draw it" is my motto. I'm not talking about entries and exits, I'm just talking about drawing channels. But getting back to PV, in my mind there is not...
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