Spydertrader's Jack Hershey Futures Trading Journal

[Spydertrader]

Quote from windwallker:

Do 13:45 and 13:50 ES bars represent an odd harmonic?

Yes. Square Wave Odd Harmonics

Quote from Churn2Learn:

I have a question about odd harmonics double top/bottoms. I've just been trading it when it forms on the ES. Is it safe to trade using that method on the YM too? I've seen situations where it works on the YM and when it doesn't. So I'm guessing it has a much lower success rate compared to using the method on ES.

Yes, this works on the YM as well (Note 15:54 and 15:56 bars on 2 min YM). It might be more difficult to notice flaws on the YM which might be why you notice a different success rate. Remember the two exceptions (Forget Harmonics if the waveform appears as Part of a Flaw, and 2. Another Odd Harmonic develops immediately following the original). The often times extreme low Volume levels on the YM can create a difficult environment for recognizing flaws.

Quote from Haroki:

EOD -
For where I'm at in the learning curve, found the 1320-1520 time to be undoable. So I sidelined and just quit annotating until I saw some definite direction near the end...

You (and anyone else who feels they might benefit) should review today's Chat Room Log. We discussed how one can learn to navigate the exact waters you found difficult today. The discussion pretty much lasted all day.

Quote from Gregor_S:

Today was a nice day. I only got a little confused after 14h when for a while I wasn't sure where the forest was heading. The bar at 14.10 and a couple after it had me puzzled for a while. But I got it in the end.

Way to remain focused and work through the difficulties. Don't worry too much if you miss an Intra-Bar Gaussian shift right now. It takes time and experience to catch these shifts on a regular basis. Keep up the great work, and see today's Chat Room log (linked above) for additional details.

- Spydertrader

 

[pct]

TODAY'S CHART 5 MIN ES

I had difficulty identifying the correct Gaussian annotations in real time from approx 2:15 until 3:30

PCT

 

[Tums]

I am still trying to get the Wall xls going.

 

[Pr0crast]

Good chat today.

Some notes for review (mostly paraphrased or quoted from Spy):
<ul><li>Pre-conditions that make FTT way more likely: VE + flaws
<li>Always be in the mindset of "WHAT MUST COME NEXT?"
<li>Vol. < .60*[prev bar] is unusually low for a retrace bar. WATCH CLOSELY!
<li>If we get an FTT, MAKE SURE the right sequences come next. If not... FLAW!
<li>The KEY is too quickly recognize mistakes and fix them by anticipating what SHOULD come next, and evaluating the present as the future moves into NOW (as opposed to simply "reacting" to the present)
<li>Keep sweeping the data to 'see' what is happening now while anticipating what MUST come next based on the two conclusions (continuation or change)
<ul><li>Is it an FTT? why? What proves it? Is it a flaw? Why? What proves it? And what kind? What comes next for each both intrabar (this bar ) and otherwise
<li>IF you missed it, figure out why. Did you miss a channel? Did you THINK you had an flaw when it was an FBO / FTT? what could have shown you the way? YM? STR / SQU? DOM? Tic Charts?
<li>Suppose low volume says flaw. If it were to be a flaw what HAS to happen next? What if it doesn't?
<li>If you KNOW what all the possibilities are, you can't freak out</ul></ul>

 

[Pepe]

Today's chart
Regards,

PS: remember to subtract 5 hours to get EDT time

 

[Steve Tvardek]

Did anyone else have any issues with QT for their YM chart today? I had at least 5 or 6 bars that I can remember where the volume was way off. Where on Esignal I had 500 contracts trade for the 2 min bar but QT had like 1200+. Made PRV difficult a few times today.

Just wondering if anyone else saw this?

 

[Pr0crast]

Steve, sometimes if I have a computer glitch, whatever bar QT was working on at the time will show go off the chart (shooting up to infinity). Was this what you were experiencing?

For whatever reason, backfilling doesn't fix this. Just gotta ignore the bar and proceed.

 

[ivob]

Quote from Pr0crast:

Steve, sometimes if I have a computer glitch, whatever bar QT was working on at the time will show go off the chart (shooting up to infinity). Was this what you were experiencing?

For whatever reason, backfilling doesn't fix this. Just gotta ignore the bar and proceed.

Something similar happens here. When I start QT after the market has already opened the current bar gets enormous volume. If I clear all data and backfill, the same thing happens to the current bar. Stopping the datafeed in QT, backfilling and then restarting doesn't help either. QT has to be open before the open.

regards,
Ivo

 

[Steve Tvardek]

I've seen what you've described with the bar going to infinity. But today it was less dramatic, the bars had differences of 400 lots and 500 lots etc. Enough where I noticed something was odd but not so much where I knew it was a definite glitch. A few times I wasnt sure if it was QT or Esignal that was wrong.

Anyways, fortunately it didnt affect the ES volume at all, just the YM.

Quote from Pr0crast:

Steve, sometimes if I have a computer glitch, whatever bar QT was working on at the time will show go off the chart (shooting up to infinity). Was this what you were experiencing?

For whatever reason, backfilling doesn't fix this. Just gotta ignore the bar and proceed.

 

[Pr0crast]

Here's a drill if anyone is interested.

Watch the video and every couple seconds, go through the dialog in your head of "what needs to come next for continuation or change?" This is from one of the harder segments of the day, IMO. When you finish the drill, go read the chat log (linked a few posts above) for what you should have been thinking, then go back and watch the video a few more times to reaffirm this. The video is sped up on purpose (before a batter steps up to the plate he always swings a weighted bat first).

download (looks best on 1600x1200, full screen)