Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Bearbelly:

Where Im having a problem is interpreting extreme stretch as bullish and extreme squeeze as bearish because I thought that beyond a certain point the programs would come in cause a temporary reversal in the futures to bring them and cash back in line. Comments please.
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Program Trading often does unfold exactly as you observe. When such an event occurs as you describe, the STR / SQU moves back into the Neutral Zone. Unless the Programs 'over do it' (for lack of a better phrase), and push STR / SQU back across to the opposite extreme, we do not have a signal for change. Since we always follow the rule: "Once we start to monitor Intra-Bar, we stay Intra-Bar - until the current bar closes, we have plenty of time to 'see' if The Programs have pushed too far. However, once the current bar closes, we head back to our normal monitoring routine. Increasing Volume (based on PRV), Price remaining within the current Trend Channel, or any of the many other signals we interpret as continuation now hold priority. Some time may pass before we even need to look at STR / SQU again.

Basically, it all depends on how far one wishes to go down into the rabbit hole. For our current purposes, by sticking to the Forest / Tree Level of Resolution, we avoid being sucked into the vortex. :D Much later in this Journal (sometime in the fall), I'll begin to move the discussion down into the lower levels of the rabbit hole.

- Spydertrader
 
Quote from Tums:

Most of the answers are in the first 4 days of this journal.

I discovered many gems on my re-reads.
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When I first read this I felt like it was another reply to a newbie looking for a free lunch. I have reread many parts of this and other related threads but hoped someone might shed some light on my questions.
However I did go back to review and started rereading the SCT q/a thread. It was very enlightening to do this after some screen time had past since the last read. Many things became more clear. One thing in regards to the HVS, after watching the DOM for a while now I have seen the wall, seen it pulled and left as is and am learning what to anticipate when noticing this. I have also seen a wall on both sides, not knowing how to deal with it. After the reread I think when I saw a wall on both sides it was showing the boundaries of the HVS. When the wall appears on both sides do we have a sign to anticipate a HVS? Is my thinking correct?

Thanks for inspiring to dig deeper Tums.
 
Quote from ticktrade:

I saw a wall on both sides it was showing the boundaries of the HVS. When the wall appears on both sides do we have a sign to anticipate a HVS? Is my thinking correct?
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Hold onto this question until we begin to discuss the characteristics of the DOM, then feel free to repost it. For now, focus on the items in the syllabus which still provide you challenges.

- Spydertrader
 
The other thought I had was the relationship to volume and time of day. Being aware of this has helped me recognize things easier when doing daily playbacks with Ensign.
 
Quote from Spydertrader:

Hold onto this question until we begin to discuss the characteristics of the DOM, then feel free to repost it. For now, focus on the items in the syllabus which still provide you challenges.

- Spydertrader
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Didn't mean to get ahead. The reviewing done this weekend have gone a long way to clearing things up that I was confused about. I just thought it might have been an ah-ha moment but will wait to find out. I don't trade at that resolution so waiting to address this makes sense. Have a ways to go before the forest level is in sports memory. Doing the playbacks on the weekends is helping for that level. Can only use the es or ym when doing this so the tools are limited but the p-v channels are there and without other tool distractions are becoming easier to see.
 
Quote from ticktrade:

Didn't mean to get ahead. The reviewing done this weekend have gone a long way to clearing things up that I was confused about. I just thought it might have been an ah-ha moment but will wait to find out. I don't trade at that resolution so waiting to address this makes sense. Have a ways to go before the forest level is in sports memory. Doing the playbacks on the weekends is helping for that level. Can only use the es or ym when doing this so the tools are limited but the p-v channels are there and without other tool distractions are becoming easier to see.
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Waiting to move ahead until you have the Forest Level Resolution Tools down cold makes perfect sense, and it represents an excellent way to build a strong foundation for the future. Others have also commented on how recording the market and reviewing during the evenings / weekends helped their understanding as well. Keep up the great work.

- Spydertrader
 
Quote from Spydertrader:

The next tool on the Syllabus is the DOM. I do plan to begin to discuss this tool next week unless people feel more time is needed with the current tool set. Nothing says we can't delay the DOM discussion as we did with STR / SQU. I built plenty of stack into the Original Lesson Plans. :D

- Spydertrader
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I am ready when the time is right.
Thanks
 
Hi,

Can volidity expansion only occur on the left trendline ? If it happens on the right trendline then a new trendline / channel should be drawn ?

A FBO can only happen after a FTT and can only occur on the right trendline just like a FTT can only occur on the left trendline ? Or is an FBO whenever price tests the right trendline but does breakout ?

If the price trades through the right trendline but then returns back inside the channel is that a FBO ?

Thanks for trying to help me clarify the above.

Cheers :D
 
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