Spydertrader's Jack Hershey Equities Journal II

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Quote from gerry875:

but i can't find a reason why you refuse to discuss one or two questions HERE?
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I'm happy to discuss questions here from individuals willing to learn. I did not get the impression you had that goal. Thank you for the clarification.

The icons I place on the charts are in response to a request made of me in the ET Chatroom. The icons do not represent all trades I make. Rather, they indicate where the market provides a signal. I post the charts so traders may compare their own charts - again in response to a request made of me in the ET Chatroom. As to when I enter or exit, it depends on how quickly I 'see' the FTT. If I 'see' it developing early, I enter early. If I fail to read the market correctly, and enter incorrectly (such as on a hitch or dip) needing to reverse once recognizing my error.

With respect to execution reports, I have no plans to post the trades. Doing so in the past caused nothing but problems. I've been accused of 'front running' newbies or 'photoshopping' the documents. I do not plan on travelling that same path again. If my failure to do so causes doubt or somehow reduces my credibility, that is fine by me.

Good trading to you.

- Spydertrader
 
Quote from Spydertrader:

I'm happy to discuss questions here from individuals willing to learn. I did not get the impression you had that goal. Thank you for the clarification.

The icons I place on the charts are in response to a request made of me in the ET Chatroom. The icons do not represent all trades I make. Rather, they indicate where the market provides a signal. I post the charts so traders may compare their own charts - again in response to a request made of me in the ET Chatroom. As to when I enter or exit, it depends on how quickly I 'see' the FTT. If I 'see' it developing early, I enter early. If I fail to read the market correctly, and enter incorrectly (such as on a hitch or dip) needing to reverse once recognizing my error.

With respect to execution reports, I have no plans to post the trades. Doing so in the past caused nothing but problems. I've been accused of 'front running' newbies or 'photoshopping' the documents. I do not plan on travelling that same path again. If my failure to do so causes doubt or somehow reduces my credibility, that is fine by me.

Good trading to you.

- Spydertrader
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As a member of the chat room I verify this to be 100% accurate and true.

Gerry IF your serious about learning then pend sometime in the room, it will do you good.
 
Quote from Aurum:

Attached is a sheet, designed for the ES, which you can use for manually determining PRV.

Simply print out the sheet and mark the volume which has accumulated at the points in time.
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Aurum,

Thanks for posting the doc. You beat me to it... :)

I've been searching for a post that Jack made in the past regarding this chart. If anyone knows it, please post.

I do recall him saying to start at the bottom and connect the "dots". He also mentioned to use different pen colors to enable more than one 5 min bar to be drawn on the chart.

I've done this drill a few times and it's cool to see how vol increases/decreases speed during a bar. Essentially, I view this chart as displaying Vol in 2D, as opposed to the normal 1D bar.

Of course, Jack, feel free to add to this discussion...

spooz
 
If you havent got Office03 You can pick an older version of Excel for almost nothing and use Makosgus PRV application. Ive been using it for a couple of months now and it is very handy.

edit: I forgot you guys are proably talking about stocks. Its for ES only.
 
Spooz or Aurum,

If you find that doc (connect the dots post) please post a link to it. I don't remember reading that one. FWIW, I posted another PRV sheet some pages back, pulling together a few PRV and Pace parts:

http://www.elitetrader.com/vb/showthread.php?s=&postid=1289958#post1289958

Quote from spooz_trader1:

Aurum,

Thanks for posting the doc. You beat me to it... :)

I've been searching for a post that Jack made in the past regarding this chart. If anyone knows it, please post.

I do recall him saying to start at the bottom and connect the "dots". He also mentioned to use different pen colors to enable more than one 5 min bar to be drawn on the chart.

I've done this drill a few times and it's cool to see how vol increases/decreases speed during a bar. Essentially, I view this chart as displaying Vol in 2D, as opposed to the normal 1D bar.

Of course, Jack, feel free to add to this discussion...

spooz
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If anyone would like a 5 min prv efs for esignal, the following routine calculates and displays prv on a continuous basis, behind the volume histogram.
 

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Just as a bit of clarification/history....

I did the prv sheet before I had my own prv tool which hooks into IB. Once I had programmed my own little app, I thought "I don't need the sheet anymore. That's old school - automation is king!"

Going back and looking at the sheet though, I notice it does one thing which none of the PRV tools to date do (mine, Mak's, the Tradestation code) - it lets you see when volume is accelerating and decelerating. (Exactly what you are saying Spooz.)

I can't recommend strongly enough to use it for honing your skill in quickly assessing volume.
 
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