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Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Quote from Spydertrader:
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 recorded in real time).
- Spydertrader
I'm still a bit confused re. how to use S/S.
Do you consider the extreme values or just the closing value?
When is an appropriate time to use it. In a recent post you mentioned it works at "spikes" and I'm not sure I know what you mean by a "spike".
In my charting I see +/-2 values on almost every bar so maybe it may be my data source is causing my confusion.
TIA,
Doug
Quote from dougcs:
Do you consider the extreme values or just the closing value?
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.
Quote from dougcs:
When is an appropriate time to use it. In a recent post you mentioned it works at "spikes" and I'm not sure I know what you mean by a "spike".
Check the STR / SQU value near trend lines. See the attached .gif file for examples of 'spike' bars.
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1448529>
Quote from dougcs:
In my charting I see +/-2 values on almost every bar so maybe it may be my data source is causing my confusion.
Anything in between +2 and -2 we consider as 'noise' and observe as 'no signal' given. values greater than +2 and less than - 2 create a signal. The greater the extreme, the larger the anticipated move. In other words, we expect a larger move on a value of +10 than we expect on a value of +3.
I hope that helps.
- Spydertrader
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Quote from Willleung:
Please help.
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 might find improved results by focusing on Channels and Gaussians and learn to manually trade the method before attempting to automate entry and exit.
5. Search for ETLurker. He has some ideas which might be applicable to your efforts.
- Spydertrader
Quote from Spydertrader:
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 might find improved results by focusing on Channels and Gaussians and learn to manually trade the method before attempting to automate entry and exit.
5. Search for ETLurker. He has some ideas which might be applicable to your efforts.
- Spydertrader
thanks Spy, this stuff is interesting, just want to beat it you know? LOL
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