Spydertrader's Jack Hershey Futures Trading Journal

Status
Not open for further replies.
Quote from Pr0crast:

Maybe someone else can comment on this too,
More...

Immediately after the two 'CCC bars', we see Volume form an Intra-bar Gaussian Shift. The bar starts of headed higher (Black Volume?), then Price turns and heads lower (Red Volume?). In the process, Price creates an "Engulfing Bar" which overshadows the two previous 'CCC Bars'. I'll bet if someone changed the 5 min ES fractal to 1 min, you'd see things clearer.

- Spydertrader
 
Quote from ivob:

Hi Eric,

I was checking the 2-3's after the different breakouts on your chart and then noticed this channel (see attached) does not really follow it's gaussians. Maybe that is the reason why there is no clear point 2 and then point 3 down after BO.

Actually when I saw how price reacted after breakout of the channel on your chart I told myself to check the gaussians because I suspected something had to be missing there.

regards,
Ivo
More...

How about this this....

Viewed this way, that black bar is just part of a lateral which is a non-dominant traverse. Also, that bar is right at Pro's RTL and one would expect increasing blk at that point. The fact you don't get it is probably a pretty good clue.
 

Attachments

Quote from bundlemaker:

How about this this....

Viewed this way, that black bar is just part of a lateral which is a non-dominant traverse. Also, that bar is right at Pro's RTL and one would expect increasing blk at that point. The fact you don't get it is probably a pretty good clue.
More...

Hi,

I saw it the same way. I just didn't understand the two points used to draw the up channel. The 1st point makes sense because that's where the incr. black started. The second one just seems some small black bar somewhere in the lateral (on lower volume). Black volume of these bars is even decreasing and not increasing. Here's my view on the possible channels in this area where the 1st option has my preference (and that's how I drew it). The 2nd option depends on how volume developed in the second bar used as part of it is red. I used orange.

regards,
Ivo
 

Attachments

Quote from bundlemaker:

...
Anywho, the back and forth you and Spooz are having deserves a comment from the peanut gallery (that's me). If one thing is becoming more and more clear to me, it's that so long as you have the correct philosophy in your head and avoid getting stuck on a single data element you'll do just fine.

...

Having said that, I would tend to agree with Pro about what you said, Spooz. I agree, because what you said sounds so damn similar to my recent past. THe more I move away from thinking I'm missing something or needing a better tool or new way to see the data (guilty on all counts) and just "do it" the way Spyder is, the better I get each day. Just my 2 cents.
More...
Hey Bundle,

Thanks for the feedback. Just trying to stimulate some PV discussion. Hopefully, in a positive manner. I appreciate that you, Aurum, and Pr0 took the time to post.

spooz
 
Quote from Pr0crast:

Maybe someone else can comment on this too, but here is what I see. It seems to me that the dominant traverse here is disguised amidst the red bars, and that's why you don't see increasing black. But I could be wrong.

In my gaussians i basically chose to discount those three flaw-ish bars and just ignore the hidden dominant traverse, for fear of traveling too far down the rabbit hole. I go straight from the red retrace to the red reversal.
More...
Hey Pr0,

Using hindsight, here's a zoomed out view of the snippet being discussed...

Edit: I forced the gaussians to synch to the Forest up channel. Tapes not included :D

FWIW,

spooz
 

Attachments

Quote from ivob:

Hi,

I saw it the same way. I just didn't understand the two points used to draw the up channel. The 1st point makes sense because that's where the incr. black started. The second one just seems some small black bar somewhere in the lateral (on lower volume). Black volume of these bars is even decreasing and not increasing. Here's my view on the possible channels in this area where the 1st option has my preference (and that's how I drew it). The 2nd option depends on how volume developed in the second bar used as part of it is red. I used orange.

regards,
Ivo
More...

Since there is no obvious point 3 to work with by your standards, I defaulted to the last bar before the gaussian reversal, under the assumption that BOs of RTLs occur at R2R.
 
Quote from spooz_trader1:

Hey Pr0,

Using hindsight, here's a zoomed out view of the snippet being discussed...

Edit: I forced the gaussians to synch to the Forest up channel. Tapes not included :D

FWIW,

spooz
More...

Cool, thanks for posting.
 
Quote from CFerret:

Spyder:

Today spent some time looking for flaws in what seemed to be non-dominant traverses at first and indeed found that it almost always means that trend is already changed and next to flaw goes switch in volume.

But now became curious: why is this so? What mechanism is behind this fact?
More...

This is interesting stuff. Could you post an example (PV chart)?

As to the reason: at every price level someone thinks it's a bargain (given their motivation and history). There is always a pause after P1s while the market catches on. This pause allows those who have been on the wrong side of the previous trend to finally get out at what they think is a reprieve, just before the herd comes in at what becomes P3. Amidst all this action (between P1 and P3) are scalpers who are in and out at a couple of ticks and weak stops placed the wrong side of P1 (flawed strategies create flaws).

This is how I see it anyway.
 
Status
Not open for further replies.
Back
Top