Spydertrader's Jack Hershey Futures Trading Journal

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This a bit off topic at this point but I thought maybe someone here could help me that is proficient with Excel. I want to create a running histogram of the spread between YM and INDU similiar to the one some of you Tradestation users have. I am trying to learn excel and I dont think this should be all that difficult but am hoping someone can put me on the fast track.
 
Quote from Spydertrader:

ES Full Day Chart

- Spydertrader
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Hi Spyder,

First FTT of the red channel, why is this an FTT? Shouldn't price touch the right TL first and then fail to traverse to LTL before it's an FTT? I don't understand this..
thanks,
Ivo
 
Quote from ivob:

First FTT of the red channel, why is this an FTT? Shouldn't price touch the right TL first and then fail to traverse to LTL before it's an FTT? I don't understand this..
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Price did touch the red trend line - back at Point Three (10:00 AM Eastern Time). From that point forward, we have continuation (next bar), a failed retrace (black bar), volatility expansion, a High Volatility Stall (HVS) until price Fails to Traverse to the left trend line.

- Spydertrader
 
Quote from Spydertrader:

Try to 'see' two different Gaussian formations at work here. One involves the Green Up Trend Channel as price 'retraces', then reverses at the Green RTL (\/- R2R) - a big picture view (blue arrows). The second Gaussian formation within this larger picture involves the red channel (circles and highlights). Since the red channel already has a 'Point Three' we look for continuation with increasing red volume and retraces with decreasing black. The red channel Gaussians exist within the bigger picture.

Note the attached 'zoomed' view. Can you 'see' the market signals now?

- Spydertrader

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1369890>
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Hi, this is obvious in hindsight but at the moment quite hard to determine IMO. (not the easiest move). You need to wait for the second red bar to finish before you find out it's not just a retracement but a reversal. When you have point 3, we still don't know this or do you?

regards,
Ivo
 
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