Spydertrader's Jack Hershey Equities Journal II
- Thread starter Spydertrader
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Aurum,
Yep! I want to chart this in real-time. I think it might be useful to see accel/decel persistance (several bars worth) as opposed to just glancing at T&S (or something else) or the current Vol bar to determine NOW delta speed. In 2D, Vol might "tack" intra-bar just like price "tacks" intra-channel. I'm not there yet and of course, I could be WAY off base...
I have a feeling that experts might be able to "feel" this in real-time.Spyder,
As usual, thanks for the chart & chat dialog.
I've attached a snippet of my chart for you to check out. I missed the orange carryover, darn. But I wanted to show you where I annotated a FTT around 10:30. See my purple channel (thick here to make it pop). I like to create channels like this when a channel is in synch with the gaussians. I think I've read past posts (or notes) that says the latter half of a gaussian can bring you back to the TL. Note how my purple channel is in synch with the guassians. And the 10:30 vol bar didn't match the previous peaking vol bar. In other words, there wasn't enough vol to push it to the LTL. Maybe there is something to the PV relationship, channels, gaussians, etc.
This is just FYI, I would never critique your work as you are much furthur along than I am. I just wanted to point out the connection between channels & gaussians. Again, I could be off base here.
And of course, you had a FBO off a carry over... So, the end result is the same...
spooz
This is a killer drill tool.
I know I'm old and creaky, but it is so good for going through skill levels in trading.
I sure to not want to change the emphasis or direction of anything but by using this you get to see skill levels as well as the VERY IMPORTANT ACCELERATION AND DECELERATION.
If you are in those high volume ranges you can see it as a low risk skill requirement at play. When the PRV gets over into the places where signal and noise are evident, then you need to be adroit and undestand that risk is running higher.
There is no harm done in doing things manually every once in a while. The automatic blocks of stuff that we have now really make the monitoring smooth and they build the mind in a compressed sort of way once you have the why's down.
Manual seems tomke the WHY's part more evident.
LOL...can you imagine a block of space doing that chart automatically bar after bar? LOL...it all just seems like such a neat thing as I consider it.
Nicely done. I believe these are the 'medium weight channels' to which Jack often refers - larger than traverses, but smaller than the dominant trends. I do not draw these channels in (normally). The slope of such channels being too steep, I do not see the trend as sustainable - beyond the intermediate term. However, if they help you, by all means keep using them. I agree they do seem to alert the trader to the FTT formation, and that is a good thing.
Again, great job today in the ET Chatroom.
- Spydertrader
Monkman,
I see one problem with your chart. When the market opens, your MACD and Stochastic values are thrown off because you are using the after-hours and pre-market data. I would suggest you use only data from regular market hours for your indicators.
Edit preferences to change your settings. See attached image.
If you choose to monitor on the 30 minute fractal, even after your initial entry, then yes, you properly followed the rule set. However, most follow the daily fractal after the initial entry in an effort to avoid early shakeout. I score the trade a wash if the result falls within +/- half a percent.
- Spydertrader
Hiya Spyder - I have a question for you.
On today's chart - you have a buy marked around 10:30 AM. This is the last R2L traverse of a channel that keeps expanding volatility to the left.
We've had one of these a day for the last few days -- high volume -- volatility gets pushed out at least 2x.
Is something different or special about the last R2L that tells you to reverse... after holding through the last 2 or more L2Rs of the channel?
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