Spydertrader's Jack Hershey Futures Trading Journal

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gotta quit early today too, my day thus far...

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Last two FTT's should be blue, not red. Forgot to change the color when I copied them into place and didn't notice till I was in mspaint.

I also left a few FTT's in that were either identified too early or were just wrong. These would be the 3rd, 5th, and 6th of the 7 I have in there.

One interesting thing I'm noticing is that even without rules for moving on to a finer resolution of monitoring I know when I want finer resolution. I'm starting to get a very accurate feel for those places where I wish I had more tools to turn to.

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1335455">
 

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Todays chart. I didn't mark the FTT's, FBO's, etc. You can see the Gaussian areas that were tough. Going to a shorter time frame might have helped, but there was still no dominant direction.
 

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Quote from Bearbelly:

There was enough dominant direction in the morning to fill your pockets. Afternoons suck most of the time.
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The trending sessions aren't a problem. It's about learning to read the gaussians properly. Knowing how to read the gaussians in these tough areas would help to clarify the interpretation of them, if someone in the know would care to comment. Hint . . . Hint . . .

The stalls or congestion can happen at any time, even at the open. So how to handle them, (wrt the gaussians) would be good to know.
 
I am trying to get a handle on the gaussian volume patterns. As I see it, there are eight potential patterns (see attached). I think I know what to look for, but I'm not sure what the sequence should be in context with price and volume. I've read the posts, but I'm just not getting it. Any additional help here would be appreciated. Many thanks.
 

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Quote from WGTrader:

Here is my crack at today's ES chart. I didn't annotate the gaussians as I'm still having trouble intrepreting them. Any comments would be welcomed.
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I'd say they look pretty good. You can see my chart a few posts before yours and the channels are very similiar. The one comment I would make is on your yellow channel you added an expansion past the right trend line. Only the LTL can have volatility expansions, like on the first channel of the day. The RTL is not to be messed with.

As for the gaussians, your pictures are all correct. What you want to see is increasing volume in the direction of the trend and decreasing volume on the retraces. This morning for example was a very orderly sell off that maintained a fairly fast pace. The thrusts down were on increasing volume and the retraces on decreasing volume. So you saw a series of R2b R2b R2b. If you notice by your green pt 1 and 3, you had increasing B indicating that down was no longer the dominant direction.

And when looking at the gaussians on the 5 min fractal, you need to be loose in your interpretation. Very rarely will they look as perfect as your .pdf. The main point to take is that one direct will usually have increasing volume and the other direction decreasing volume. If the increasing vol is in the direction of the trend, all is good. If it is not, you should be on the lookout for change.

HTH. and I should offer the disclaimer that I'm new to this too, but I believe what I've said is fairly accurate.
 
Thanks for your comments C99. After looking at my chart again, it seems obvious now that the expansion line off the RTL was wrong! Regarding the gaussian volume patterns, I'm trying to be loose in my intrepreation, but I guess I still need more practice. My pdf is the beginning of a note sheet. Wouldn't life be fun if real gaussian patterns were that clean! :)
 
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