Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader:

Draw in the Gaussians, Volume Bars and Channels.

- Spydertrader
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it would be easier if you use a sheet of blank paper to cover the bars, then reveal them one by one as if it is a real time display.
 

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Quote from Pr0crast:


snip..
Do they (Gaussians) reflect what is going on this instant (are they "operating")? Are there any channels missing from your chart?
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I cannot emphasize enough how important it is to make sure the channel(s) you are working with matches the Gaussians. The Gaussians will always confirm if your channels are correct or wrong. When I occasionally find my gaussians don't match my current channels, I can look around and find a missing channel that I had ignored to draw.

I mentioned this (not as clearly as pr0 :D ) earlier this month in this post here. http://www.elitetrader.com/vb/showthread.php?s=&postid=1358373#post1358373

Let me just throw out another possibility here for you. Lets assume that when the price broke the RTL, we continued to see decreasing black volume. What does that tell you? Basically price is operating within a much wider channel that is either drawn in your chart or not drawn. If it is not drawn, you are basically going to start looking for the point 3 of the wider channel and when you get the shift from decreasing black to increasing red you have pt 3 of the wider channel and you can draw the channel.
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Quote from Jander:

Take a stab at Spyders drill, little trouble w/ the Gaussians, especially at low vol times
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Holy crap, you even drew the little ticky things. I think you win the prize.
 
I've just changed my chart background to eggshell. It is very calming compared to the black I was using before. I just wanted to share that with everyone.

Also this: a really good FTT trade will make an observer behind you scream "You're going to do WHAT??" Try it.
 
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