Forest view of the W day formed this Friday on ES.
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Spydertrader's Jack Hershey Futures Trading Journal
- Thread starter Spydertrader
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Quote from bi9foot:
No requirement for it to be after a VE.
As long as a bar tries to go in the dominant direction and heads back in the other direction it is a potential FTT (as long as you continue to see what you expect after a FTT).
Ahhhh....
I think I need to change from "is this an FTT?"
to
"was THAT an FTT???...based on what I see now"
Thanks for your help!
Quote from TraderD72:
Would that be the correct decision for a forrest/tree level trade?
Where one chooses to draw their 'lines in the sand' depends much on individual psychology. In other words, exiting on a break of the RTL (irrespective of Volume Levels) locks in profits, but causes the trader to 'miss' the FBO's which increase profits. On the other hand, holding when decreasing Volume causes price to break an RTL often captures the FBO and Price's subsequent return to the channel, but also increases the risk of Price 'taking off' and eating away at the profits already achieved. As you can see, no 'one right way' exists which applies equally to all traders. One simply must determine which coarse of action best suits their needs, then act accordingly.
As a trader gains experience, and an ability to correctly anticipate what must come next, the trader knows what decision becomes most appropriate based on the current context. For now, note what differences exist between when Price creates an FBO after decreased volume exit, and when Price continues onward. After you 'see' these differences often enough, you'll know what context requires which action, at the appropriate point in time.
Good trading to you.
- Spydertrader
Here is a video of Friday Nov 30.
This is of the time frame around 2:30 to 4 pm.
This is a tick replay of the ES 5 minute, Es 1 minute and ES tick.
The 15:10 bar is a turning point. This is not annotated so you can view what takes place in your own sight.
Just wanted to post this because it shows what is inside the 5 Minute ES bar at important times.
It does play out till about 4pm, so there are other important bars as well.
Great little exercise to go over and see tick and 1 minute bars on ES play out.
The colors on tick could be brighter for the video, but clear enough to see what is happening.
The entire time frame is sped up to 3 minutes total.
Video link: http://www.screencast.com/t/NDPgatsG
This is of the time frame around 2:30 to 4 pm.
This is a tick replay of the ES 5 minute, Es 1 minute and ES tick.
The 15:10 bar is a turning point. This is not annotated so you can view what takes place in your own sight.
Just wanted to post this because it shows what is inside the 5 Minute ES bar at important times.
It does play out till about 4pm, so there are other important bars as well.
Great little exercise to go over and see tick and 1 minute bars on ES play out.
The colors on tick could be brighter for the video, but clear enough to see what is happening.
The entire time frame is sped up to 3 minutes total.
Video link: http://www.screencast.com/t/NDPgatsG
This is the future of quick videos and screencaptures.
This is called JING and is a project by Techsmith makers of Camtasia.
This is awesome stuff.
Here is a quick video I did, of a trade that WGtrader posted on Friday.
It is of the time around 11:20am.
WGtrader recognized a turn on the 11:20 bar with the use of a finer resolution tool , tick.
He was able to identify this turn, and profited with an excellent trade.
I am running a tick replay of the 5 minute ES and the ES tick chart.
On this video I added voice, to run by what is taking place at the tick level while comparing the bars at the same time.
Here is the link : http://www.screencast.com/users/VIDEOS1/folders/Jing/media/d3aa47cd-cf34-497d-8e20-43abb9730b3a
Thanks E for the tip on JING , great stuff !
This is called JING and is a project by Techsmith makers of Camtasia.
This is awesome stuff.
Here is a quick video I did, of a trade that WGtrader posted on Friday.
It is of the time around 11:20am.
WGtrader recognized a turn on the 11:20 bar with the use of a finer resolution tool , tick.
He was able to identify this turn, and profited with an excellent trade.
I am running a tick replay of the 5 minute ES and the ES tick chart.
On this video I added voice, to run by what is taking place at the tick level while comparing the bars at the same time.
Here is the link : http://www.screencast.com/users/VIDEOS1/folders/Jing/media/d3aa47cd-cf34-497d-8e20-43abb9730b3a
Thanks E for the tip on JING , great stuff !
Quote from ljyoung:
Any help would be appreciated.
The Free Hosting Company (in this example 4shared) probably deleted the Account after a specified period of time. As such, the files were most likely deleted. Perhaps, someone has a copy that could direct you to its new location.
- Spydertrader
at that time, spyder just recorded the bar moved up and down to show what it looked like ,no narrative. This file had Jack made some comments on str/squ tool start at 49:18 http://www.filefactory.com/file/f3bce0/Quote from ljyoung:
Hey Spyder or anyone,
When I try to download a STR/SQU video, like this one from 5-09-07, I get this (please see attachment).
Any help would be appreciated.
TIA
lj
This is an accompanying chart for the time periods on tick replay videos for the ES Friday Nov 30.
The highlighted areas have been replayed.
http://www.screencast.com/users/VIDEOS1/folders/Jing/media/52dc3878-d562-4960-9e4a-1a5333c82705
The highlighted areas have been replayed.
http://www.screencast.com/users/VIDEOS1/folders/Jing/media/52dc3878-d562-4960-9e4a-1a5333c82705
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