Spydertrader's Jack Hershey Futures Trading Journal

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Quote from Spydertrader:

From another thread ....


The Wall showing on the price chart is very relaxing. Price is approaching it and your price annotations for the coming end of the traverse are there as well. It is a nice picture since you see the reversal coming up in advance.

To be precise, it is handy to also have the DOM stalactites showning. these ten values can be seen at a glance and the wall sticks out like a sore thumb.
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Does anyone use what Jack is referring to here, "the wall showing on the price chart"?

If so, how do you use it?

How does it differ from using stalactites?

An example chart would be nice.
 
Quote from Vista:

Does anyone use what Jack is referring to here, "the wall showing on the price chart"?
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Jack is referring to a 'tool' coded into currently available software where the DOM wall appears as a mark on the ES Price Chart. No, I do not currently use this software, nor do I currently use this 'tool.'

- Spydertrader
 
from yesterday's chat:
http://www.elitetrader.com/ch/DigiC...t/Transcripts/Elite_Trader_Chat/20070709.html

bundlemaker (Jul 9, 2007 2:59:37 PM)
Spy, if you are there and have a min I have a remedial Q for you

I called ftt early on 14:25 bar and it was just plain early, so Q is

what is earliest that change could be noted

Spydertrader (Jul 9, 2007 3:06:15 PM)
you called change right, you just didn't call the FTT right

FTT was the next bar

bundlemaker (Jul 9, 2007 3:06:44 PM)
yeah, it's those FTT's that occurr without a leg that screw me up

Spydertrader (Jul 9, 2007 3:06:48 PM)
depends on what tool you use as to how early you spot change

14:25 bar stopped exactly on a RTL of an up channel (pts 1 & 3 11:20 and 12:10)

so if you watched a wall form

or a Stretch

on that bar, you may have had a signal for change BEFORE the FTT bar

with finer tools you often get a signal 'earlier' than an FTT

bundlemaker (Jul 9, 2007 3:08:48 PM)
thks Spy, that helps
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