Spydertrader's Jack Hershey Futures Trading Journal

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just back from Carnival Cruise, my first day of str/squ, I used indexarb 67.55
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Here's my ES chart for today. Not all the annotations are in. Had a little trouble on some of the gaussians around the open and midday. Interesting how everyones charts are always similar, but different, even though we all look for the same points.
 

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Quote from Bearbelly:

I wonder why the period from 1330 to 1400 was stretching while the market was running down?
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I reload and get diff pic that show squ during that time.
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Quote from Spydertrader:

04-09-2007 ES Chart

- Spydertrader
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Greetings Spyder. If you have a minute could you elaborate on your thought process or trades taken as the CCC formed around 10:30/10:40?
 
Depends on your offset, I used 70 today. It was in the neutral range most of the day. Most signals were just a little outside the range, kinda weak.

12:40 - 12:50 was the strongest signal. I hesitate to call it a signal because it's another tool to watch. "Signal" tends to indicate time to act, and we use more than one tool for decisions.

Regards - EZ

Quote from Bearbelly:

I wonder why the period from 1330 to 1400 was stretching while the market was running down?
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Quote from nkhoi:

I reload and get diff pic that show squ during that time.
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nkhoi,

Because the INDU and YM have different start and stop times you have to be careful about the display. After the close, it gets out of whack. During the day it doesn't save the extreme values. So to review it you need to take a snapshot before the market closes, but you miss some of the real time extremes.

If I look at mine now, it shows massive squeezes and stretches of over +10 and -10, that never happened today, after the close it really got skewed.

Another issues with some versions of Qcharts is because the start times are different for the YM and INDU, the charts won't run on time and might seem to read upside down - if you start before 9:30.

See this post to fix or adjust: http://www.elitetrader.com/vb/showthread.php?s=&postid=1423551#post1423551

To check and make sure nothing screwy is going on I run a tab with (YM-INDU) to track the raw premium. With that I can tell if something's off, and it's nice to have if you need to reset the premium during the day. The other thing is to make sure the Sqz/Str chart's last bar is current.

Hope that helps - EZ
 
Quote from nkhoi:

I reload and get diff pic that show squ during that time.
2zhh6j5.gif
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nkhoi,

The best I can tell using hindsight, my Fair Value (Offset) at 14:00 was 69.69. This value is > 2 pts higher than yours, which might explain why you show mainly SQU during the 13:30 - 14:00 period (and after). If my value is correct (or close) then your lower blue line is closer to where my center is.

The bars after 14:00 show SQU for ~15 minutes. This is another clue that your offset might not be "centered".

Hope this helps,

spooz
 
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