Spydertrader's Jack Hershey Futures Trading Journal

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Quote from guavaman:

snip.....
Also in regards to my post yesterday (7-11-07) the 15:40 bar seems to be the last bar of a three bar dip formation. Again I could be applying too strict an understanding to the rule that FTT's cannot be a flaw or part of a flaw. As with the above statement all comments welcome.
- guava
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7/12 Quote from R/R:

Guava: on your chart you said the 15:40 bar, which exited the Dip, "can't be an FTT if it is part of the Dip formation".

For clarification (yours and mine :) ), I don't think the bar exiting a Dip is precluded from becoming an FTT by definition, if this is what you were implying in the above statement. In this case it couldn't be an FTT because it was followed by a stall, not due to the flaw that precceded it.
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now checkout the 11:40 ES bar on 7/10 for an example of an FTT on bar exiting a Dip
http://www.elitetrader.com/vb/attachment.php?s=&postid=1526826
 
Quote from 8833broc:

Decreasing black volume in an uptrend can also signify that the volume part of the Gaussian has peaked and the uptrend sentiment is changing.

Conversely decreasing Red volume in a downtrend can signify the volume part of the Gaussian has peaked and the downtrend sentiment is changing.
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8833,

I am not sure exactly what is meant by the "Volume part of the Gaussian", but I do find the statement about sentiment change correct. This doesn't seem to be a rule but it is discussed throughout the Journal and it is my understanding that Volume acting this way does also indicate what you say.
 
Quote from spooz_trader1:

My ES chart for the day (7/13/07)...

spooz
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I notice you have the price scale on the left side. I should try this on Monday.
Having the price scale on the left means I don't have to look at the numbers at all. I can pay more attention to the gaussian, and the price bar behavior in relation to the previous bar.
 
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