Spydertrader's Jack Hershey Futures Trading Journal

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Hi,

Does any of the examples in my image (annex) are a HVS ?? (shadow areas)

I thought a HVS was a red and black bar almost of the same size with decresing volume (red AND black).

Just to clear this out...

BTW, how can I merge my image 'inside' the post ?? :confused:

Thanks to all,
Pepe
 

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Quote from Spydertrader:

05-22-2007 ES Chart

- Spydertrader
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Hello,

I marked bar 8+9 as HVS and was convinced price went in from the bottom and would come out on the top. Why isn't it marked as HVS on your chart?

regards,
Ivo
 
Just a couple thoughts:

1) Thank you pr0 and pt1 for the QT enhancements, much appreciated.

2) YM annotations ALWAYS precede ES annotations, therefore for those that havn't checked out Spyder's YM charts in awhile, he is showing the gau. Annotating the YM gau has helped me with my ES gau annotations.

-Mike
 
Quote from woundedknee:

Fairly new to this and trying to follow along. Can a r2r or b2b on the 5 min ES consist of just 2 bars?
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It can, depending on what resolution level you're annotating and depending on the market pace. Actually, an R2R or B2B can occur INTRAbar.

Most likely, if you are at the beginner or advanced beginner stages, annotations at this fine a resolution are probably not where you want to be.
 
Thx. I was referring specifically to the middle r2r on Spydertraders ES chart. I thought a r2r was decrasing red followed by increasing red so find this a bit confusing.
 
Quote from woundedknee:

Thx. I was referring specifically to the middle r2r on Spydertraders ES chart. I thought a r2r was decrasing red followed by increasing red so find this a bit confusing.
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Your description is the ideal picture of change as identified by an R2R or B2B. For a variety of reasons (things like flaws and the way various programs color the bars, etc) the ideal picture often isn't what you see. Most important is to get your gaussians (red and black lines you draw on the volume histogram) to match up with the traverses (channels you draw on the price part of the chart).

With time this will become second nature (I'm part way to second nature :) ) but if you're just starting out and glancing at Spyder's charts one might be tempted to say it's just all gobbledy gook. Don't work if sometimes the actual colors of the volume bars dont' seem to make sense, look at what volume is doing overall (increasing or decreasing in a general sense) over the entire period of the channel which is the traverse you are annotating the gaussian for.

I apologize if my explanation sounds confusing. Let me know and I'll try it again if this doesn't make sense.
 
Quote from ivob:

I marked bar 8+9 as HVS and was convinced price went in from the bottom and would come out on the top. Why isn't it marked as HVS on your chart?
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The bars to which you refer aren't marked an HVS because they do not form an HVS. The price formation looks very similar to an HVS, but in reality, does not form one. The actual flaw bar (bar 9) is a stall. The price formation looks similar to an HVS because all three bars have the same high. Price forms an FBO then heads lower (and back into the channel). Bar 9 stalls and heads higher. had bar 9 not made an equal high as the previous 2 bars, the whole Price sequence would appear much clearer.

Hope that helps.

- Spydertrader
 
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