Spydertrader's Jack Hershey Futures Trading Journal

[ralphbass]

Can you help me fill in the blanks?

Continuation / Change

Increasing Black volume with increasing price = Continuation
Increasing Black volume with decreasing price =

Decreasing Black volume with increasing price =
Decreasing Black volume with decreasing price =

Increasing Red volume with increasing price = Change
Increasing Red volume with decreasing price =

Decreasing Red volume with increasing price =
Decreasing Red volume with decreasing price =

 

[Spydertrader]

Quote from ralphbass:

Can you help me fill in the blanks?

Memorizing the 30 some different data sets required for continuation and change is not how you want to go about learning this stuff.

- Spydertrader

 

[ralphbass]

Not having the answers is not learning it at all.

 

[El OchoCinco]

Quote from ivob:

Sometimes it invalidates what you're thinking and sometimes it confirms.

That makes it no more useful than a guess I would think.

Will still have to look at this STR/SQU but so far I just see a premium/fair value measure.

On tradestation you can simply chart the ES PREM and put a horizontal line at the premium value from indexarb.com and make that your zero line (for those having trouble at TS getting it up and running)

 

[Pr0crast]

Quote from ralphbass:

Can you help me fill in the blanks?

Continuation / Change

Increasing Black volume with increasing price = Continuation
Increasing Black volume with decreasing price =

Decreasing Black volume with increasing price =
Decreasing Black volume with decreasing price =

Increasing Red volume with increasing price = Change
Increasing Red volume with decreasing price =

Decreasing Red volume with increasing price =
Decreasing Red volume with decreasing price =

If you understand the logic behind this, you won't need to fill in these blanks.

Either way, filling this in would be worthless since whether something is continuation or change depends on the market's sentiment (i.e. incr black incr price could mean change if you are in a down channel).

 

[Aurum]

Quote from ralphbass:

Not having the answers is not learning it at all.

This is called "doing the work."

Spyder has given you a framework where you can easily find out the answers for yourself. Simply monitor the market and everytime the conditions you have presented are met, record what happens next.

 

[Pr0crast]

This has been posted a couple times, it may help you.

I suggest reading the entire thread--you probably missed some stuff.

 

[Spydertrader]

Quote from optioncoach:

That makes it no more useful than a guess I would think.

If STR/SQU invalidates incorrect thinking and validates correct thinking is it still a guess?

Quote from optioncoach:

Will still have to look at this STR/SQU but so far I just see a premium/fair value measure.

It isn't an 'always on' indicator. When no information exists to indicate continuation or change on the other tools (ES, YM, PRV, etc.), we look to the STR/SQU. Because we have not yet introduced all of the available tools, we may find times when STR/SQU doesn't provide the information we need as well. However, STR/SQU does give us the opportunity to have more data sets available, and as a result, 'see' the signal for change earlier.

- Spydertrader

 

[Pr0crast]

Is there any way for an IB customer using quotetracker to get STR/SQU set up?

 

[makosgu]

Quote from dkm:

I cannot see the correlation so far. I am wondering if I have this histogram set up correctly.

The problem with esignal is that it does not commit the extremes to memory. I haven't done the catching up on the thread yet but in gleening through your indicator, it appears as though the programing does not store the extremes. In a sense, you want to be plotting just like a HLC bar. That means, you always want to be plotting the MAX NEUTRAL OFFSET of the bar/fractal, the MIN NEUTRAL OFFSET of the bar/fractal, and the CURRENT NEUTRAL OFFSET of the bar/fractal. Your indicator is missing the extremes and appears to plot the NOW which is fine if your sweeping is on top of the ball. However, if your sweeping does not efficiently spot the data, you will have missed the datapoint/signal, hence the need to capture MIN/MAX/NOW. The extremes are important because they tell you how prevalent the upcoming ES move will be...