Spydertrader's Jack Hershey Futures Trading Journal

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I have a confession to make. Spydertrader's gaussian annotations drive me absolutely nuts. I can't stand them. Often I can't even begin to understand let alone replicate them. *

So I am forced to figure it out for myself, in my own way, using his annotations as a guide to see if we end up at the same place. This is a good thing and I highly recommend it.

I got out my crayolas and came up with the attached for Friday, based on Spyder's chart. Hopefully it should help others struggling with annotating gaussians on the forest level to see the major points of change.

BTW while I am here, shouldn't we annotate gaussians as:

BRBB2R
RBRR2B

i.e. only using the "2" to denote a shift in dominant. Jack talks of volume being "scalloped" in the pre-flight doc...I think this is related.

(A BB or RR can collapse back to a single B or R if the trend subsequently resumes.)

Apologies if this post is a bit nutty, it might flick a switch for someone.

* I'm kind of joking around here - but I'm sure others are struggling matching his volume annotations, or perhaps it is just me.
 

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Quote from PointOne:

... I got out my crayolas and came up with the attached for Friday, based on Spyder's chart. Hopefully it should help others struggling with annotating gaussians on the forest level to see the major points of change.

BTW while I am here, shouldn't we annotate gaussians as:

BRBB2R
RBRR2B

i.e. only using the "2" to denote a shift in dominant. Jack talks of volume being "scalloped" in the pre-flight doc...I think this is related.

(A BB or RR can collapse back to a single B or R if the trend subsequently resumes.) ...
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Interesting and helpful P1, thanks.

Maybe I missed (or forgot) this somewhere in the last 10 months of effort, but what is the significance between Upper and lower case R's and B's (e.g., r2R vs. R2r, b2B vs. B2b, Rr vs. rR, etc)? Maybe traverse vs. retrace volume?
 
Quote from bmonte:

Your continuing escalation of explanation on flaws and formations this month have been very helpful!
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Hopefully, you've noticed when one shifts their mindset towards 'sweeping for formations' while monitoring, one arrives at a place where far fewer 'flaws' exist. Hence the reason, several months back, I advised 'don't worry about it' when everyone clamored for more information about flaws.

As we have seen time and time again throughout this thread, everything needs to unfold in its own due time, in order for all the puzzle pieces to 'make sense' and move into the clarity of an entire picture.

Keep up the great work.

- Spydertrader
 
Quote from bmonte:

Interesting and helpful P1, thanks.

Maybe I missed (or forgot) this somewhere in the last 10 months of effort, but what is the significance between Upper and lower case R's and B's (e.g., r2R vs. R2r, b2B vs. B2b, Rr vs. rR, etc)? Maybe traverse vs. retrace volume?
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bmonte,

not case sensitive, different symbols for the same thing: r2r = r2R = R2R etc.
 
Quote from bundlemaker:

bmonte,

not case sensitive, different symbols for the same thing: r2r = r2R = R2R etc.
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BM,

I think P1 was using it to mean a different notation. I think I know what he means but I don't want to cause confusion if I am worng so I am hoping P1 will clarify.
 
Quote from bi9foot:

BM,

I think P1 was using it to mean a different notation. I think I know what he means but I don't want to cause confusion if I am worng so I am hoping P1 will clarify.
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Ah, sorry if I mispoke. I suspect then most of the others who post with that jargon don't mean it to be anything special.
 
Quote from bi9foot:

BM,

I think P1 was using it to mean a different notation. I think I know what he means but I don't want to cause confusion if I am worng so I am hoping P1 will clarify.
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Yes, I used the lower case to denote a non-dominant (retrace). It was just something I was trying out to see if it made it clearer to me, nothing special. Sorry for any confusion.

My objective is to be able to trade the major legs of M and W days (and hopefully stay a little loose and relaxed) - and also to know early on if I am in a trend day, staying out of the rabbit holes. Waiting for volume to give clear signals is the way - easier said than done - so far I rarely hold long enough. P, V and formations are all you need to stay on the right side.

It's easy to parody the crayola back test - it seems to make some people very angry to see the market potential sketched out in this way. Makes it look too easy. Well, in a way it is.
 
Quote from PointOne:

Yes, I used the lower case to denote a non-dominant (retrace). It was just something I was trying out to see if it made it clearer to me, nothing special. Sorry for any confusion.
.....
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Thanks, P1, I appreciate new ways of looking at these things. I can use all the clues I can get.
 
Quote from Spydertrader:

I have my 'pages' set to 40 posts per page. As a result, I do not have 856 pages, so a link to your post, or a screen shot of the exact bars referenced would help a great deal. Until then, maybe this will help (maybe it won't, but I hope it does).
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Spyder,
Thank you for the detailed reply. The point in question was the ftt at 14:30 on 08/08/2007. I have uploaded a short video from 14:29 to 14:39 and also attached a screenshot. In this example, no pennant was formed, although one might suggest that an FBP was formed just prior to the 14:30 bar close. The bar closed one tick below the 14:25 bar, on decreasing red volume. The 14:35 bar forms a lower low, initially with increasing red prv, but then retraces to 07:50 on what then appears to be increasing black prv. By 14:37 we have flipped to increasing red prv again but I am still unclear whether or not I am looking at change (i.e. to short) or continuation of the long trend in the form of a flaw (possible dip perhaps?). Using just the ES chart and prv, at what point do you see change and why?

Rightly or wrongly, I see "every time, without a doubt, you can always see it, never a mistake change" only when I see a change of direction of increasing volume. Prior to that, imho, it could be just a flaw. Unfortunately, waiting to see increasing volume as a sign of change will invariably be far too late. Is this something one must accept if using just ES 5 min and prv?

http://rapidshare.com/files/57661683/20070808clip.avi.html
 

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