Spydertrader's Jack Hershey Futures Trading Journal

[spooz_trader1]

Yet another FTT/Gaussian combo example. I posted a less-annotated version of this snippet (ES 5 min) back in Journal 2. The emphasis then was on the fast-paced pink channel showing a FTT.

This also is a cool example of gaussians as well. Three almost textbook gaussian mounds pushing price down. Note where price expands the pink LTL, vol is peaking. And the next gaussian mound peak can't match it. In other words, it will take more vol to push price lower. Maybe a good example of PV: Vol (peaks) decreasing -> trend will change. Finally, the next gaussian is sure enough a B2B.

[EDIT: updated snippet to remove FTT mistake - sorry]

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spooz

 

[EstebanUno]

This has been a wonderful series of posts on the basic volume relationship to price trending within the context of channels. R/R, what great timing for reposting the excerpt by Mak, right after Spyder's example. Thanks.

I'd like to link some of these posts in a journal I'm keeping. How does one link to a specific post? The address bar on my browser (Firefox) shows the address to the page in the thread, but not to the specific post. How do I get the address of a specific post?

I'm really enjoying the constructive, nuts and bolts tone that this thread is developing. Congrats to all!

 

[EstebanUno]

Quote from bundlemaker:

... This is certainly helpful, and begs the following question; which is more along the lines of what I should have asked in the first place: how does this assist in the timely identification of FTT's? In your example chart the confirmation bar you point out is 15 min's after the FTT is hypothesized. My current belief system tells me that's not terribly useful. ...

The confirmation bar confirms a trend change, not the FTT. The failure to traverse could have been identified earlier, and our job was to observe the outcome. In this case, a trend change.

I don't think there has been much presented about the early indications of the FTT. In this case the high volume red climax bar had me think this was an FTT realtime.

 

[mephistoII]

Quote from R/R:

I hope others find it useful and apologize if it has been previously posted. [/B]

Wow - this is great stuff! My thanks to Mak, the author, and to R/R for bringing it to the forefront! I know I have read similar material, but it can be so helpful to view the same ideas presented via another's perspective.

And that is what's so cool about this journal. I've already bemoaned privately to a fellow student how information overload is wrecking havoc 'up in here' There is already so much documented material available, that I often end up off the beaten path (i.e., link->link->link etc) and leave the screen shaking my head - lol. But the group participation is very helpful in keeping one focused on what is currently under discussion.

There are assuredly many pieces to the puzzle, and it is reassuring to know that others are diligently on the hunt as well. I just have a hard time containing my enthusiasm, when I ponder where we will all be at when we can finally step back and see the 'big picture'

Cheerleader, over and out ...

 

[Lightbody]

Spyder,

Thank you for the excellent journal.

My question is:

On the chart you posted, point one for the brown channel is not labeled as an FTT. Can we start without an FTT or is this point an FTT in another channel?

Thank you

 

[EstebanUno]

Quote from Lightbody:


... My question is:

On the chart you posted, point one for the brown channel is not labeled as an FTT. Can we start without an FTT or is this point an FTT in another channel? ...

Spyder answered this recently saying point 1 is not necessarily at the FTT. I'd link to the post, but I don't know how to do that. So here's a link to the page. http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=6&pagenumber=36

 

[Moz]

Quote from spooz_trader1:

Yet another FTT/Gaussian combo example. I posted a less-annotated version of this snippet (ES 5 min) back in Journal 2. The emphasis then was on the fast-paced pink channel showing a FTT.

This also is a cool example of gaussians as well. Three almost textbook gaussian mounds pushing price down. Note where price expands the pink LTL, vol is peaking. And the next gaussian mound peak can't match it. In other words, it will take more vol to push price lower. Maybe a good example of PV: Vol (peaks) decreasing -> trend will change. Finally, the next gaussian is sure enough a B2B.




spooz

Wow nice post, I remember seeing this for the first time doing "links and nodes", drawing a vertical line from price formations down to volume formations. Comparing gaussian peaks lets you the FTT coming a mile away. This will be a great thread.

Thought this might be usefull as well. Nice one Spooz!

 

[Spydertrader]

Quote from EstebanUno:

How does one link to a specific post?

If individual created the post to which you refer weeks, months or years prior, simply use the ET Search Function and search via username and specific key words in the post. Once you locate the post, click on it to obtain the unique URL and link to it as you would in any normal fashion. If the post in question occurred recently, simply click the 'post count' underneath an individuals username to locate all posts made by that individual. Scroll back to the date and time of the post to pinpoint the location. Again, click on the post. Link to the post in the same fashion as always.

- Spydertrader

 

[EstebanUno]

Thanks Spydertrader, now I see how to get to the post for linking.

 

[PointOne]

Quote from spooz_trader1:

Maybe a good example of PV: Vol (peaks) decreasing -> trend will change. Finally, the next gaussian is sure enough a B2B.

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spooz

Top quality post. Beautiful isn't it?