Spydertrader's Jack Hershey Futures Trading Journal

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Quote from makosgu:

We have to be very careful. The gaussians are always there. Remember, the gaussian is nothing but simply a single cycle of volume surging and then receding. snip. . .

In the VDU territory, you actually have to read the gaussian off the T&S/DOM. The whole point is that LONGER period gaussians are easier to read on the 5M then SHORTER period gaussians. In the future, we will be adding a sub fractal resolution where will do all the same analysis on a subfractal and only WHEN we ARRIVE in these zones. snip. . .

Regards,
MAK
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MAK,

That was a great explaination. A lot of that makes sense but there still are some tough areas even on the slower fractal. At the risk of jumping ahead, this morning there were 2 pennants on the YM 2min where the cycle seemed to die until the breakout. It seems this tends to happens during stalls and pennants. (The rest of the morning was much clearer)

1. Are these the areas that reading the gaussian off the T&S/DOM come in later?

2. Do you actually read it on the T&S/DOM or the Tic chart?

3. On previous threads discussing Gaussians there was mention of even/odd harmonic waveforms. I've seen two differing discriptions on the waveform. Could you provide some clarity? (Never got my EE)

http://commons.wikimedia.org/wiki/Image:Waveforms.svg

In the image above, our ideal gaussians normally look like the sine and triangle waves. It is my understanding the even/odd harmonics are the square and sawtooth.

Quote: So the subject is harmonics. Are your end effects odd (triangular) or even (boxy) in character

But in the following statement it seems to be referring to amplitude.

Quote: Odd harmonis inverted head and shoulders. You can see I arrowed the head where the ultimate volume of the day tried to break the daily channle and failed. For even harmonics you get the double bottom

Can it be explained in layman's terms (without the calculus)?

Thanks - EZ
 
Quote from EstebanUno:

A question about LT extensions.

Once an extension is in place, do we continue to extend the original LT and use it again as a LT for FBO and BO analysis, if price falls back into the price range of the original channel? Or do we just have a wider channel now, from RT to LT extension?

I apologize if this has already been asked and answered.
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we have wider channel.
 
Today's chart. Morning was a mess for me. I didn't have any grasp of what was going on until an hour into trading.

Darker channels are my real time efforts trying to be mindful of P,V. I added two channels later that I labeled 1 and 2. These channels seem to be good containers of price action, but #1 especially didn't have good supporting volume formations. In cases like this, where you have a well-defined channel whose boundaries price seems to be respectful of but lacks V confirmation, should the channel be annotated or ignored?

<img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1338009">
 

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Quote from makosgu:

SNIP

In the future, we will be adding a sub fractal resolution where will do all the same analysis on a subfractal and only WHEN we ARRIVE in these zones.

Regards,
MAK
More...

That's funny. When I think I see an FTT occuring I already kind of automatically switch to a 2 min. chart to see more clear what's going on and then it often becomes much more obvious. One can enter quicker. Is that what you mean? I know we aren't there yet and there's probably more it. Can't wait to learn!

regards,
Ivo
 
Quote from ivob:

That's funny. When I think I see an FTT occuring I already kind of automatically switch to a 2 min. chart to see more clear what's going on and then it often becomes much more obvious. One can enter quicker. Is that what you mean? I know we aren't there yet and there's probably more it. Can't wait to learn!

regards,
Ivo
More...

:cool: shhhh!
 
Here is today's 5-min ES chart with the 2-min YM chart next to it. It was interesting for me to see again how price followed the channel established at 11:15 (see pt 3 on the ES chart), till about 13:45 when there was an expansion of the left trend line. But I think what was most interesting today is to have watched the price cut loose to the down side after the lateral period of DU volume. It was so easy to see what was up ahead when I was watching the 2-min YM at the same time as watching the 5-min ES. This was my first time to watch both at the same time and it was quite enlighting. I hope I'm not jumping ahead in the program, but I just wanted to share today's experiement.
 

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I only had one intermediate channel for the whole day. I was content with how price was behaving within it, so I didn't feel the need to force more down channels.

The gaussian forest view was the opposite of the previous 2 days. Dominant RED all day until just before the close. I guess we've had 3 consecutive trending days. It's clear the big picture view of the gaussians is valuable on a trending day. I wonder how badly it lags on a choppy day?

The stickiest interpretation of the gaussian direction I found so far is after a strong climax like at 14:35. Hard to interpret slightly rising black without a good base created to compare it to. Lower than the mixture of volume at the the climax, higher than the previous and only sideways bar. At the time I decided to punt, i.e. wait for another rising black before drawing it in. It never materialized.

Here's today's chart. Through my eyes.
 

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