Spydertrader's Jack Hershey Futures Trading Journal

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ES finer resolution tools,

Here is the 1 tick chart on ym at 15:38 , and ES at the same time.

The ES is in a stall at 15:35, and breaking out of stall from 15:35 to 15:40.
Looking at Ym tick at the same time, reveals a shift in tick , and bids no longer being hit and and an increase in the ask .

At that point , ES breaks out of the stall and continues up.
Although , not a large move up, tick did show a shift in price, and help to stay in a continuation of the tape channel , and the volatility expansion of the blue and green channels.

There is a real value, in the use of these finer resolution tools.
A lot of screen time using them , will strengthen the speed at which we can utilize the information they forward.

This example in hindsight, in reviewing the chart from Friday.

Spyder, thanks for continued efforts.
 

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Here is a chart of the ES with the DOM, and the ym 1 tick chart.
This is the 14:25 bar on ES while it was in a flaw, and just had a flaw at 14:15.
There is a wall at 1476.00 - 1476.25, and ym tick was forming a 2 pair base and looking like it might move upward.
Waited to see if wall disappeared. It did , but I did not see how it happened. Did not see the tape.

I will post the next chart on ES with the 1tick ym chart to show the bid/ ask on tick and the price move on ES.
IT is of the 14:30 bar when the wall at 1476 disappeared, and the ym tick was being hit on the ask side very quickly.
The 14:30 ES bar broke to the upside at that moment.
I do not have the channels and gaussians on the ES chart.
That chart is from open e cry and the line tools are not very good.
Also just candles , bars cannot be colored. ,you can still see what is happening.
 

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Quote from TIKITRADER:

Here is a chart of the ES with the DOM, and the ym 1 tick chart.
This is the 14:25 bar on ES while it was in a flaw, and just had a flaw at 14:15.
There is a wall at 1476.00 - 1476.25, and ym tick was forming a 2 pair base and looking like it might move upward.
Waited to see if wall disappeared. It did , but I did not see how it happened. Did not see the tape.

I will post the next chart on ES with the 1tick ym chart to show the bid/ ask on tick and the price move on ES.
IT is of the 14:30 bar when the wall at 1476 disappeared, and the ym tick was being hit on the ask side very quickly.
The 14:30 ES bar broke to the upside at that moment.
I do not have the channels and gaussians on the ES chart.
That chart is from open e cry and the line tools are not very good.
Also just candles , bars cannot be colored. ,you can still see what is happening.
More...



Here is the second part of this post , with the ES 14:30 bar , and the ym 1 tick chart , as price broke to upside move
 

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I was curious to know exactly how to catch something like the end of the day sell off that we saw before the close. I had prices traversing nicely in an upward channel (pt. 1 @ 13:55 bar, pt. 2 @14:35 bar and pt. 3 @ 15:15 bar). The 15:50 bar is what I was unprepared for. What confirms the FTT in real time for this situation? Any help would be appreciated.
 
Quote from PeakTrader33:

I was curious to know exactly how to catch something like the end of the day sell off that we saw before the close. I had prices traversing nicely in an upward channel (pt. 1 @ 13:55 bar, pt. 2 @14:35 bar and pt. 3 @ 15:15 bar). The 15:50 bar is what I was unprepared for. What confirms the FTT in real time for this situation? Any help would be appreciated.
More...
We can help you better if you post your chart with your question.
 
Quote from PeakTrader33:

I was curious to know exactly how to catch something like the end of the day sell off that we saw before the close. I had prices traversing nicely in an upward channel (pt. 1 @ 13:55 bar, pt. 2 @14:35 bar and pt. 3 @ 15:15 bar). The 15:50 bar is what I was unprepared for. What confirms the FTT in real time for this situation? Any help would be appreciated.
More...

If you draw in the steeper channel pt1 @ 15:20, and pt3 @ 15:35(note I don't draw in the ltl to cut down on clutter, but it would be 15:30) you'll se an ftt at 15:45 easily. But even at your pace level, 15:45 still should have been an ftt...
 

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Quote from Haroki:

If you draw in the steeper channel pt1 @ 15:20, and pt3 @ 15:35(note I don't draw in the ltl to cut down on clutter, but it would be 15:30) you'll se an ftt at 15:45 easily. But even at your pace level, 15:45 still should have been an ftt...
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Haroki:

Your channels are not drawn properly. I would suggest you to review the Channels Document in the 2nd post of this link:
http://www.elitetrader.com/vb/showthread.php?threadid=83604
 
Kinda depends on the time frame, dontcha think?

And whether or not I mix time frames (knowingly)

And whether or not I liberally "adjust" my channels.

And whether or not friggin QT is tough for me to draw with accurately

Yes, I know they're wrong, but they work for me...
 
Ok, that answer was toooooooo flippant. My apologizes. I've learned a lot from this thread, mainly about how much I need to learn, and would like to continue learning.

So let me explain more:

It may appear as if the channels/gaus don't match, but that's cuz like I noted earlier, I've found that too many trend lines confuse me. So I delete them if they turn out to be a very minor retrace. IIII know they're there, cuz I can "see" them on my Gaus lines.

The best way to see this would be to look at my 15:30/35 Gaus. "What is he doing there?" you might ask. I have the dec red drawn in cuz I want to know quickly if it's going to go from dec red to inc red - even though it's really a flaw - , and we know what a change from dec red to inc red means, and how fast these changes can occur eod.

Again, my apologizes, hope this helps you to understand what I'm "seeing."

Curious though - did you agree with my advice?
 
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