Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader:

We see a 'taped ftt' form on the 10:15 bar. In addition, the FTT (Orange Channel) formed by the 10:20 bar sees Price head out of the down tape. When price begins to move laterally at the 10:25 bar, I begin to think, "O.K., we have Point One already and now we have Point Two headed toward Point Three." When volume drops off significantly and into the CCC levels, I see 'lateral movement' as 'continuation.' As a result, I hold watching for Price to make its Point Three. At 10:40, it looks at first as if Price has found its Point Three, but Price reverses and heads lower only to find the actual Point Three on the 10:45 bar. Although the 10:50 bar shows slightly less volume, I don't concern myself with it as Price still found itself within an overall retrace of the Orange Channel. Price then continued to move higher indicating I needed to continue to hold. At the 10:55 bar, I started to think perhaps volume had pushed Price as far as it could as I began to to think, 'What do I need for continuation, and what do I need for change.' Since I had no signal for change (on a Forest or Tree Level Resolution), I continued to hold.

Once the 11:00 AM bar opened and showed increasing black on a PRV basis, I anticipated price breaking through the Orange Channel, and in the process, create a volatility expansion.

- Spydertrader
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Thanks. That really helped.

Have a wonderful trip !!!
 
on qchart, I have value for single contract but not for the formular, is this correct?
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Quote from txuk:

I'm impressed that it calculated 69.69 at 14:00. I used 70 for the entire day, so we were right in line. But unlike today, most days I do need to make several adjustments. These moments tend to sneak up on me. Generally for me it's not "we're gradually becomming uncalibrated", its more like "WTF, all the sudden I'm off by 1-2 pts". So comparing your manual and automated approaches, do you feel the automated is responsive enough on days that require multiple manual adjustments?
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txuk,

Yep, I'm pretty sure you have more experience watching/using STR/SQU than me :)

I've only had the Auto-FV up and running for 3 or 4 days. And as you know, these days have been pretty quiet. My average reports gradual changes throughout the day but as you pointed out, won't calibrate immediately (or maybe ever) to sudden large changes. I could tool around with this down the road if needed. Maybe I could add several new "modes" with "faster" averaging techniques.

My mindset before the Auto-FV was to use my mode (1) (No FV entered) and try to train my brain by watching the spikes. I guess my mindset is still the same, even with the using Auto-FV. Regardless, I think I have to keep an eye out for sudden large changes and be prepared to manually tweak. Thanks for mentioning this.

Mak, I'd be interested to hear your feedback on this. Also, I'd be very interested in learning more about your "Abstract STR/SQU", unless you deem it OT.

spooz
 
Quote from nkhoi:

on qchart, I have value for single contract but not for the formular, is this correct?
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I'm assuming you're trying to display the Premium? If so:

Add the "symbol" and "value" columns
Type in the symbols.
Right click the symbols, go to "edit", then "symbol". Make the YM long 1 share. Make the INDU short 1
Then Right click, go to "Insert", click "Total".

Then I shrink the window so all I see is the total. But if you shrink it too much you can't move it around the screen

Hope that helps - EZ

<Img Src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1429274>
 

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Quote from nkhoi:

quick check, using indexarb value it is mostly > +2 thus it's bullish so far. Anybody else has diff inpression?
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At ~ 10:32, here's mine:

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1429627>

Notes:

1) these are 2 min bars
2) the NOW value (blue line) is basically at my FV

spooz
 

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Spooz,

I have a general question about the Str/Squ values used in your calculations. You show 2-minute bars, but what values did you use within those two minutes? Did you use the high, low, or the last value at the time the 2-minute point was recorded. I'm having to do this in Excel since my charting program does not allow these type of custom calculations and I'm not sure which values I should be using. Thanks.
 
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