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Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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I had us BO of that up channel and into a down channel which ended in an FTT (11:50 bar). Price BO of the upchannel at 11:30, plus the red gaussian,that broke out of the up channel, overtook the up peak gaussian of the up channel.
Which brings me to my question about pt 3s. Sometime they are easy as pie like todays DB (12:00/12:05). But other times, I'll see the telltales signs of pt 3 however price wont show any DB but drift lower and lower until a very fast intrabar shift occurs and price takes off. The more and more I think about the more and more sense it makes to scale into these as I find it nearly impossible sometimes to get in fast enough once the bar shift happens. The DOM gets swept so fast by bot programs that I cant find a way into until price is already blasted higher.
Anyone who trades live these methods have any comments about scaling?
Which brings me to my question about pt 3s. Sometime they are easy as pie like todays DB (12:00/12:05). But other times, I'll see the telltales signs of pt 3 however price wont show any DB but drift lower and lower until a very fast intrabar shift occurs and price takes off. The more and more I think about the more and more sense it makes to scale into these as I find it nearly impossible sometimes to get in fast enough once the bar shift happens. The DOM gets swept so fast by bot programs that I cant find a way into until price is already blasted higher.
Anyone who trades live these methods have any comments about scaling?
Quote from RoughTrader:
That sudden spike up caught me off guard, it came outta nowhere. We were drifting out of an up-channel, and then, BAM!
Still in an adjusted up-channel, though.
RoughTrader
Quote from Tums:
the prior bar gaussian was the clue.
We had declining volume on the previous bar with price drifting down but almost laterally. The first 2 minutes of the next bar were also quiet and then suddenly there was a spike. How does the gaussian formation clue us into the upspike before it starts happening?
RoughTrader
The gaussian (declining red) shows that this downward move is a retrace.Quote from RoughTrader:
We had declining volume on the previous bar with price drifting down but almost laterally. The first 2 minutes of the next bar were also quiet and then suddenly there was a spike. How does the gaussian formation clue us into the upspike before it starts happening?
RoughTrader
i.e. a gaussian shift had happened a few bars back, and that the intermediate downward trend has ended. We are officially in an uptrend.
Unless there is another gaussian shift, we can anticipate an upward move in the near future.
However, the gaussian (dec red) by itself does not provide clue to the exact timing, nor the size of the up move.
There are many ways to capitalize on the upward move: e.g. buy stop at prior bar high with increasing black PRV.
hint to the programmer: time to take the next step... it is time to incorporate gaussian into your artificial intelligence.
edited @ 13:40
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