The whole day, for context, or FWIW.
Spydertrader's Jack Hershey Futures Trading Journal
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Hi Ezzy - your suggestion of looking at the 15 min is well taken, as once again I seemed to have missed the large channel (the down sloping gold on your chart). Something I also remember reading in someone's previous post, is to push one's chair away from the screen to aid in focusing on the bigger picture (Note to self!)
I do have a question concerning your selection of Pt. 1 of the aforementioned gold channel. When I opened my chart this am, I began annotating off the high of bar 23 from yesterdays abreviated session, after seeing the large down gap (and to be honest, I didn't even know they traded at all yesterday - I have a lot to learn about this particular mkt before going live
whereas, I see where you began off the Hi of today's bar #4. I was thinking we were to try and work off the previous session - was wondering what keyed you in to that point, as it seems to agree with what EstabanUno saw also (feel free to comment also, EstabanUno Thanks ...
Perhaps I can answer my own quetion - do we just ignore any Holiday price movement. Upon closer inspection, I can see on EstabanUno's second chart where yesterday's shortened session was simply omitted. Still unsure about a lot of this ...
I'm sorry to have to do this, but I know that I have skipped ahead a bunch. I'm going back and reading from the beginning, but I do want to try to remain current so that I can interact.
Spyder posted the following chart attached. When I was reading a post I think from Globe or something like that he said that there was 4 types of channel trends
(1) Traverse trends
(2) Intraday trends
(3) Short term trends
(4) Intermediate trends
In the chart would someone be able to clarify which of the go with which of the 4 choices.
light green- traverse trends
light red - traverse trends
solid green- ?
solid blue- ?
solid orange-?
purple line?
Again, sorry to have to go back to something that was already covered
Spyder posted the following chart attached. When I was reading a post I think from Globe or something like that he said that there was 4 types of channel trends
(1) Traverse trends
(2) Intraday trends
(3) Short term trends
(4) Intermediate trends
In the chart would someone be able to clarify which of the go with which of the 4 choices.
light green- traverse trends
light red - traverse trends
solid green- ?
solid blue- ?
solid orange-?
purple line?
Again, sorry to have to go back to something that was already covered
QCharts usually screws up the data each holiday, and includes trading when the market is closed. After a while you'll see this data omitted from their database.
Chris...
I am just learning this as well, but I think the channels document explains what you are after really well. ~p.35
He lists the 3 types as long term (LT) , intermediate term (IT), and short term (ST)
I believe 'traverse' trends just to be a description of one of the above, regardless of the trend duration. Also, 'intraday' simply refers to a trend that becomes clear during the course of a trading day. Perhaps someone well versed in this could better describe, as I could be way off. As for your chart, hard to describe what you are seeing as there are no time length markers on it...
Thanks so much for the threads ST, slowly trying to catch up and post some charts to get the hang of this...interesting to say the least
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