08-13-2007 ES Chart
- Spydertrader
- Spydertrader
Spydertrader's Jack Hershey Futures Trading Journal
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Other than one would expect to see intra-bar Gaussian shifts here, no. If a trader uses a forest / tree level resolution, then the outside bars should be seen as one big hold. In other words, let things calm down before deciding what must come next. However, if a trader uses the 'bug level' tools, one could expect to trade multiple times within these bars.
- Spydertrader
Periods like the one circled are really tough going. If I was adept at intra bar trading all would be good, but alas I am not so I get batted around during times like these 
Anyone else have trouble navigating these times. If so how do you deal with them. The guavaman would like to know
Anyone else have trouble navigating these times. If so how do you deal with them. The guavaman would like to know
When I see an inside bar, I ask myself: is this a flaw? or is it the lull before the FTT?
I scan the tools for clues.
I check the volume... a drastic reduction in activities? mmm... must be a flaw.
FLAW=Continuation... maybe I can double up?
When I see a second inside bar (or the close is still range bound), a red flag goes up. I ask myself: What kind of flaw I am looking at? CCC? or HVS?
I slowly push the chair back... get up and make myself a laté.
I scan the tools for clues.
I check the volume... a drastic reduction in activities? mmm... must be a flaw.
FLAW=Continuation... maybe I can double up?
When I see a second inside bar (or the close is still range bound), a red flag goes up. I ask myself: What kind of flaw I am looking at? CCC? or HVS?
I slowly push the chair back... get up and make myself a laté.
I know what ya mean G-man, I have NO advice for you. I, like you, have a loooooong way to go until I can anticipate continuation/change through most of these days, what with watching bars go up2-3 pts on inc black, only to have it crash right down to rd a couple of ticks, and then go black 1-2 pts again. Personally, I'm NOT trading these areas, not even sim.
The only trade I took today was eod for a couple of pts.
I can feel your pain....
The only trade I took today was eod for a couple of pts.
I can feel your pain....
If Intra-bar 'changes' cause you difficulty, simply Stop making decisions Intra-bar. Wait until bar close before determining if you have continuation or change. It seems rather elementary, I know, but give it a try and work your way back to Intra-bar after you have regained your mental foothold.
- Spydertrader
Quote from guavaman:
Periods like the one circled are really tough going. If I was adept at intra bar trading all would be good, but alas I am not so I get batted around during times like these
Anyone else have trouble navigating these times. If so how do you deal with them. The guavaman would like to know
Step back, look at the bigger picture when you are not sure of where you are.
In the two areas circled, the first looks as if you had just finished a retrace of the up channel.
Then a dominant traverse begins, and enters the first circle.
You then, exited the dominant traverse on a tape r2r, and enter a lateral.
Personally , I exit if I am not clear at this point in the lateral.
Waiting, reveals soon, the increasing red and exit down out of lateral.
Again, step back, bigger picture shows you have resumed the non dominant traverse, of the large up channel you have annotated.
Now the second circle,
Bigger picture. Price enters into the circle, on a dominant traverse of your large up channel.
At that point it fails to traverse the left trendline.
You are now very close to the right trendline,
and take a look at something. . .
Like a HUGE finger, your 20 sma is pointing clearly from 10:30 am till 15:00 ,
This way out of this up channel !
I know you are probably referring to more intra bar answers here, but , for myself, when things are not clear at tree, limb , leaf, bug level. I need to approach it from a different angle.
The best thing is to step back , look at the entire forest , and then, when you know what the forest looks like.
Step up closer to the tree, limb, leaf.
This may belong in the software used for JHM methods forum. While running my laptop with IB feed into Ensign along side a IQfeed into Ensign it was obvious there is a big difference in the data on the tic charts. IB uses snapshots for the feed and shows significantly less tics compared to IQfeed. The patterns are quite different. Does this become an issue when using the tic charts for decisions when the time comes?
It really depends on how one uses the Tic charts. By that I mean, if a trader hopes to differentiate between dominant before and after the 2-pair using a constant, then yes, I do recommend avoiding the use of IB's datafeed. If, on the other hand, a trader only plans to use Tic Charts in an effort to note the larger changes, then no, IB's feed should not present a problem. In other words, one has to determine just how far down the rabbit hole one plans to go.
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