I apologize for any inconvenience caused by the delay in posting the chart today.
- Spydertrader
- Spydertrader
Spydertrader's Jack Hershey Futures Trading Journal
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Well first it continued to change and then that continued a bit more before it changed for real and continued short.
I was on the right side when it did break down at 11:50, which is some consolation for all the "washes" that went before.
Come on you experts, tell us how you handled it.
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On Expectation vs. Anticipation
One has ego invested in it while the other is ego-less.
Do I detect a tinge of "prediction" here ?Quote from guavaman:
There were some really frustrating periods today. The 10:35 to 11:40 period come to mind. However the repeated FTT to FBO's from 12:00 to 14:15 also caused significant frustration.
What I always seem to have problems with is not so much an incorrect anticipation of a developing sequence, but if the anticipated sequence / move exceeds what I thought would happen. i.e. if price moves further than I expected it to move; even though I expected the move in the first place.
The 15:40 retrace is an example of this. I expected the retrace, just not that big of a move up. If this makes any sense?
;-)>
30 lashes I say
One could always look to the YM for answers ....
<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1575594>
Guava,
I am almost sure it was Nkhoi who posted here once. . .
"Look at Spyders charts bar by bar, and try to see it through his eyes."
For practice , at end of day, you can take a screen image editor.
Take a snapshot of Spyder's chart, and tape all the channels to the gaussians on his charts.
Do it every evening, and see after weeks of training your brain to see it as he does, if things become a little clearer.
In the process of attempting cement my understanding of Jack's PV framework, I've run into a few conceptual questions that I'm hoping someone more familiar with the reasoning behind the mechanics could answer...
Are the following statements accurate ?
(1) A tape on one resolution is a channel on some finer resolution.
(2) A flaw on one resolution is a channel on some finer resolution.
(3) The difference between a channel, a tape, and a flaw (at a given resolution) is the rate at which the PV cycle occurs. (typically with rate inversely correlating with volume)
Spyder ? Mak ? (anyone else who understands beyond the mechanics?)
Regards,
- Talas
Are the following statements accurate ?
(1) A tape on one resolution is a channel on some finer resolution.
(2) A flaw on one resolution is a channel on some finer resolution.
(3) The difference between a channel, a tape, and a flaw (at a given resolution) is the rate at which the PV cycle occurs. (typically with rate inversely correlating with volume)
Spyder ? Mak ? (anyone else who understands beyond the mechanics?)
Regards,
- Talas
Talas,
This is exactly how I see. You've described the fractal nature of the market with specifics.
I have a hypothosis which I am now in the middle of testing: a taped channel will have all (or most) of the noise removed, thereby giving the bar to bar volume histogram an nice stair step appearance. If this hypothosis is not 100% correct, it certainly is largely correct. I am beginning to see usefullness in the ability to look at a chart and "see" multiple fractals all at once.
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