Spydertrader's Jack Hershey Futures Trading Journal
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Quote from mephistoII:
These are really some excellent explanations, Spyder - thank you so much! I intend to dissect them until only the frog juice remains.
So that there is no misunderstanding for anyone following along - I have been mumbling about differences between the data feeds of IB and Esignal, because that is where I feel I can lose sight of the Forest. If I'm seeing a bunch of black vol bars on my charts, when you have red bars, is it not feasible that I may 'draw' an incorrect gaussian formation, and thus incorrectly analyze what price is 'really' doing. As we know, a tick variation per bar can have an impact on what one 'thinks' he is seeing - colorwise, that is.
Final question - does the above paragraph smack of a flaw in my basic interpretation of the gaussians. I always try to fully analyze overall price movement within any series of bars (price/volume) before assigning a 'color'. Should I maybe throw 'colors' out the window for now, and just find a different way to personally annotate the dom and non-dom traverses within the primary channel, while observing realtime?
thanks, guys ... wish I was better equipped for conveying my ponderings
I was away for a couple of days and just now catching up. I have noticed almost everyday from the start that my data does not always match Spyders. At first I thought darn!!!. But then I realized that it gave me the chance to analyze my chart based on what I see. I then compared it with Spyders to see the difference. This has given me a valuable insite in my own psychology of viewing my chart and to make my own decisions as to the FTT, BO, FBO, and flaws.
Happy trading.
A reminder for everyone to add their 'carryover' channel before tomorrow's open, and to quickly add any 'volatility expansion' lines should a gap open develop. Friday's late day sentiment change (FTT) should direct everyone accordingly.
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