Spydertrader's Jack Hershey Futures Trading Journal

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Quote from 8833broc:

Real World Chart Confusion example based off of TUMS graphics.
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You might want to take another look at Chart location A (where you have decreasing black volume). decreasing black volume within an up trend usually signifies lateral price movement. However, you have price actually breaking its previous high. Normally, one needs to see increasing black volume (in an uptrend) to have price drive through its previous high.

- Spydertrader
 
should the black volume also be increasing in the area "e"?
I wonder, because it led to CCC, so the volume does not need to be increasing?
 
Quote from Tums:

should the black volume also be increasing in the area "e"?
I wonder, because it led to CCC, so the volume does not need to be increasing?
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Tums,

First off, nice illustration!

FWIW, I made an attempt at drawing in "theoretical" gaussians for what volume behavior I would expect to see based on your price action. I tried my best to line up the gaussian peaks to the relevent price action points of interest.

My assumptions are:
1) the dashed blue channel is the Forest
2) the thick channels are traverses within the Forest
3) the thin lines are traverses within the traverses

I would expect to see B2R's traverse the Forest, based on your price action. The B part pushes price to the LTL and the R part pushes price back to the RTL. My thick gaussians attempt to show this.

Within the traverses, I would expect to see a X2X at every traverse channel BO. I circled these in pink.

Before price went into CCC, price BO'd the RTL of the short traverse (non-dominant). In theory, I'd expect to see a B2B there. And a B2B is increasing black volume.

However, if you intended the price action to denote that price "walked out" of the RTL (CCC), then I would not expect to see increasing black volume at that point in time. In this sequence, decreasing black volume should take price back to the RTL and the following volume bars prolly wouldn't be that interesting.

Any feedback on this would be appreciated,

spooz
 

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2 questions if I may...

1] Does anyone know how to set QuoteTracker so it shows the price scale properly. There is an option that I've been able to tweak to get the price scale to 2 points put when I set it the zoom is so far out the bars are unusable as shown by the screenshot below.

2] If one wants to monitor the ES to try and practice finding the FTT's, is the only way to do this real-time? Are there any options for monitoring off hours, like through playback or something with QuoteTracker? I've searched the web (I'm usually pretty good at ferreting out this kind of thing), but have been unable to come up with anything. Does this mean everyone who is trying to learn this method is already trading full-time and thereby able to monitor the ES in real-time?

Thanks!

scale-problem.gif
 
Quote from bdolnik:



2] If one wants to monitor the ES to try and practice finding the FTT's, is the only way to do this real-time? Are there any options for monitoring off hours, like through playback or something with QuoteTracker? I've searched the web (I'm usually pretty good at ferreting out this kind of thing), but have been unable to come up with anything. Does this mean everyone who is trying to learn this method is already trading full-time and thereby able to monitor the ES in real-time?

Thanks!

scale-problem.gif
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You need something with tick playback. Esignal, Neoticker, and Ensign are some examples with this feature. Bearbelly lead me to Ensign and I spent the weekend practicing drawing my channels at 5X speed with Ensign. They offer a free trial period and they have about 2 months of data available for replay practice right in the free trial.
 
Quote from bdolnik:

[
2] If one wants to monitor the ES to try and practice finding the FTT's, is the only way to do this real-time?
Thanks!

scale-problem.gif
[/B]
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I can only be live at my computer for a few hours each day and all day on Mondays. Therefore, I had the same problem with "play back" of the data. I set my settings on the chart menu options (see attachment) to scroll increment = one candle. Then when I get home at 0300 in the morning from work, I slide the chart back so I see a few days back at the right hand edge. Later, after a few hours of sleep, about 9:30 Pacific time, I can click ahead one candle or bar at a time. I realize I do not get the information in volume and price as the bar unfolds but this is as close to it as I can get without subscribing to another service.

I have not mastered the price scale yet but I will work on it on and off for a while longer.

Hope this helps.
 

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If one wants to monitor the ES to try and practice finding the FTT's, is the only way to do this real-time? Are there any options for monitoring off hours, like through playback or something with QuoteTracker? I've searched the web (I'm usually pretty good at ferreting out this kind of thing), but have been unable to come up with anything. Does this mean everyone who is trying to learn this method is already trading full-time and thereby able to monitor the ES in real-time?
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Funny you should mention this. Lately, I have been recording the market day with camtasia and speeding it up for "practice."

1. Record the entire day (even if you are absent for part of it) into a camtasia file, around 6 hours long and 700 megabytes.
2. Use a freeware program called Virtualdub to open the file.
3. Start camtasia recording your screen again.
4. Press and hold ALT and the right arrow on your keyboard to play the day in fast forward.
5. After 10 minutes or so, the day should be done. Stop recording and you have your first market "fastplay" video, clocking in at under 20 megabytes.

An example can be found here. I have shown this video to a couple people who are trying to learn to spot the FTT, and both seemed to have multiple "aha" moments as a consequence of watching and rewatching the video.

If this one helps you, try making the videos yourself.
 
Lots of good suggestions, Thanks everyone!

I had actually found the Neoticker one but it was over $1000! I had not thought about Camtasia that's a good idea, and the Ensign one looks kind of cool. Of course for tonight I'll try the one 'scroll increment' thing since that's the cheapest and easiest to try :)

Thanks again.
 
Quote from bdolnik:

Lots of good suggestions, Thanks everyone!

I had actually found the Neoticker one but it was over $1000! I had not thought about Camtasia that's a good idea, and the Ensign one looks kind of cool. Of course for tonight I'll try the one 'scroll increment' thing since that's the cheapest and easiest to try :)

Thanks again.
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You can try Ensign for a week free. That includes the playback feature.
 
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