Spydertrader's Jack Hershey Futures Trading Journal

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Quote from makosgu:

...problem with Volume bars is unfortunately, we need to fix our volume measurements to a consistent time interval. Additionally, we do volume projections for the same interval continually. The equivalent for a volume bar would be a projection of when you expect the volume bar to be full ...
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If consistent time interval is a must then obviously this is a non starter. Based on my experience price movement is not tied to any time frame, it moves when it moves, and I found that volume bars capture it more accurately then fixed time fractal. Therefore channels should even be more precise.

Regards,
redduke
 
The amazing thing about trading is the # of ways to “skin the cat”. I have been comparing FTT entries to the system that I use and they match a lot. I call them differently use volume bars and yet they match.
 
The point being made is simply this - while using volume bars may have it's merits - it is not part of the current curriculum.

I suspect it would be best to wait for now on opening this can of worms.
 
Quote from RedDuke:

The amazing thing about trading is the # of ways to “skin the cat”. I have been comparing FTT entries to the system that I use and they match a lot. I call them differently use volume bars and yet they match.
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Yep. Lower highs and higher lows have been around for awhile.
 
Who said anything about simple? Just pointing out that an ftt is a lower high or a higher low so it will often concur with many other types of "setups".
 
Quote from Bearbelly:

Who said anything about simple? Just pointing out that an ftt is a lower high or a higher low so it will often concur with many other types of "setups".
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Just for clarification, an FTT can be a higher high or a lower low without price reaching the left hand side of the channel. Examples attached.
 

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Quote from Bearbelly:

Who said anything about simple? Just pointing out that an ftt is a lower high or a higher low so it will often concur with many other types of "setups".
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Sometimes an FTT can be a higher high or a lower low
 
@redduke...

There is certainly many ways to skin the cat. Trading is all about finding a way of tapping the flow so to speak. FTTs are very special and I know how to interpret them in a variety of frameworks including one that relies on volume range bars. They are great for seeing big picture and I think they are a great start for anyone getting into trading. You might want to check out a fellow who goes by the handle of ProfLogic. He is another one of those people who many posters tend to flame. His methodology is strictly from the context of knowing when you have high tide and when you have low tide. Between these points, he trades off a special type of FTT. He is not concerned with nailing turns but he is very consistent with annotating every critical point and then taking out a piece of the range between high tide and low tide. If he ever starts a similar thread here much like spyder's, you will also see me run the same type of in depth detailing there as well and in accordance to his methodology. The returns his students get there are also unbelievable. I can't even mention the audited figures they have there...

@rustrader
Where I did my trade executions would cause too many questions. I will get the question of what did I see intrabar that made me take action as I am usually timing at the beginnings of volume surges and recessions. Additionally, the flamers would surely challenge every single trade execution which I have practically zero tolerance for. We are not here to build up my mindset. In other words, we are not here to trade like me, but rather getting in gear to "see" every play BAR BY BAR. Already you see that I am sweeping several times per bar. This is how we will be able to incorporate bi9foot's accelaration histograms. When we get through all 81 bars, I will then throw up my debrief and show several kicks in the head of where I was not on top of the play action but was still on the right side of the action. We are running through the bar by bar because we are seeing the strict PV annotations. This how you can be certain about how in tune I am to the relationship...

@all
I would have put up the next dozen or so bar walk thru but my internet at my home office went haywire (IP conflict).

regards,
MAK
 
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