Spydertrader's Jack Hershey Futures Trading Journal

[nkhoi]

Quote from Mr_Black:

There is no volume data for forex I made a indicator that shows only price range (High-Low) instead of Volume.

since vol is crucial and there is no vol in forex, could you show how you do it

 

[Spydertrader]

Quote from Steve Tvardek:

Todays (Mar12th) 10:20 ES bar opens and closes at the same price. Esiganal dictates that the bar is black with higher buy vol but the bar opened low, ripped up and then all the way back down. It looks like a bearish bar to me (ie more selling vol, than buying in reality). Is there a set of rules to know how to interpret these bars correctly? I know that they all cant be black in these situations. Or it it a matter of experience to know when to interpret them a certain way?

The bar to which you refer experienced an intra-bar Gaussian Shift. In our current toolset, we can use the YM to detect this (See YM 10:20 - 10:24 time frame). Later, STR / SQU and the DOM provide the signals.

- Spydertrader

Quote from 8833broc:

Maybe I should be on the June contract. I will monitor June.

Yes, you most definitely should follow the June Contract now.

- Spydertrader

 

[FilterTip]

Quote from ivob:

Here my chart for this morning.

Today is one of those days where I lost a lot (paper)trading. The good thing is I did catch the blue pt 3 after breakout from Friday's channel. I did not expect an FTT quickly after that so left at RTL with few ticks loss (after having been in black about 4 points..). Then after breakout tried to catch a pt 3 several times. This caused loss of several points quickly. I ended up with the annotated pt3 which was also wrong. Then there's the last FTT which seems to be working out.

It is the green channel that I was drawing wrong?

In general when I screw up it's on 1 or 2 moves but enough to not be able to be profitable that day. Comments are welcome.

regards,
Ivo

Ivo.

I would say your first green channel is not correct.
You've used 2 bars which is a tape.
There is a point 1.2.3 carry over (see attached) from Friday which is first red channel on my chart.
This gives us the Bo down move.

Vol then shows us the carry through to what becomes the low and an FTT.

Incre vol then guides us to the move up.

An FTT of that up channel (grey on my chart) keeps us short with the lateral giving us a point 3 of down (2nd red channel).

Forest Vol is decreasing and an FTT of the 2nd down channel gives us the point 3 for the Yellow channle.

Forest B2 B shows us this last move on chart is a NOn Dom travers of Yellow.

Hope this is of help..

FilterTip

 

[Spydertrader]

Quote from FilterTip:

Hope this is of help..

Nice to see the time you spent reviewing has helped you. Very nice chart. Keep up the great work.

- Spydertrader

 

[nkhoi]

Quote from FilterTip:

Attachment: es 5 min 12.03.7.png
FilterTip

same chart here, are you ftip from talkstox?

 

[Mr_Black]

Quote from nkhoi:

since vol is crucial and there is no vol in forex, could you show how you do it

From High you subtract Low and use it instead of Volume...is not so accurate but is more than nothing ...my logic behind this is that you are going to have greater values in direction of price movement...

 

[8833broc]

lesson learned - do not trade this framework on back contract month

 

[FilterTip]

Quote from nkhoi:

same chart here, are you ftip from talkstox?

No.

 

[ivob]

Quote from FilterTip:

Ivo.

I would say your first green channel is not correct.
You've used 2 bars which is a tape.
There is a point 1.2.3 carry over (see attached) from Friday which is first red channel on my chart.
This gives us the Bo down move.

Vol then shows us the carry through to what becomes the low and an FTT.

Incre vol then guides us to the move up.

An FTT of that up channel (grey on my chart) keeps us short with the lateral giving us a point 3 of down (2nd red channel).

Forest Vol is decreasing and an FTT of the 2nd down channel gives us the point 3 for the Yellow channle.

Forest B2 B shows us this last move on chart is a NOn Dom travers of Yellow.

Hope this is of help..

FilterTip

Thx filter. I see I am "inventing" carryover channels. That green channel is not okay, your red channel is better.

I did see today's opening as a Breakout from an up channel of last Friday. That worked out just like your solution. BTW you did not draw the vol expansion lines for the red channel.


regards,
Ivo

<IMG SRC="http://www.elitetrader.com/vb/attachment.php?s=&postid=1393186">

 

[FilterTip]

Quote from Spydertrader:

Nice to see the time you spent reviewing has helped you. Very nice chart. Keep up the great work.

- Spydertrader

Spydertrader

With the effort you've put in here, it was the least I could do.

Many Thx..

FilterTip