Spydertrader's Jack Hershey Futures Trading Journal

[callmate]

Quote from bundlemaker:

I'm now trying to achieve the same level of understanding with the PV relationship. Unfortunately, the way it has been laid out is incomplete and leaves open many questions. [/B]

Correct me if I am wrong, you simply compare the NOW bar with the previous one, observe the PV in the first 30 seconds of the bar, it's there on your template.
If in an uptrend, you have the price making higher highs and higher lows with increasing black volume, you are also on the look out for
1. flaws - means continuation if in the dominant channel
2. VEs
3. harmonics
4. inside bars, pennants
Having seen VEs and flaws you are on the alert as you know the FTT is around the corner, then you get decreasing red volume in non- dominant channel.
You observe volume @ FBO and BO points. I keep it simple like this. No fancy language, I'm not writing a thesis.
Lately Spyder has been highlighting pennants, just observe the volume and see which way they are likely to breakout. I am sorry I am not as gifted as some people here but I do have "aha" moments every now and then. I hope this helps, it's just that simple.

 

[Tums]

Stay in the resolution you are dealing with.
Two bars make a tape... any attempt to project out further than your resolution is pure conjectural prediction.

Until the tape is broken, at the beginner level, it is continuation in my book.

 

[Spydertrader]

Quote from bundlemaker:

Funny how you now are poking fun at the length of my posts, when Jack's posts are orders of magnitude longer. It's sort of like telling a salesperson to go do their job and do it right, but limit how much you talk to the customer.

I did not poke fun at the length of your posts. I pointed out the absurdity of wasting time. Ironically, you chose once again to waste time.

Also, comments like, "I have to know how to draw channels because I made the video" remains the crux of your problem. Last time I looked at one of your charts, I noticed numerous errors. You seem to grasp the concepts well enough (based on the high quality video you produced), but you often fail to apply the lessons learned correctly (based on the often incorrect placement of lateral channels).

I'll say it again. The sooner you recognize, the material, the professor, the conduit by which the material arrives and even this venue are not to blame, the better off you will be. Far too many people get this stuff (and more get it every day) for you to maintain such a stance.

Lastly, for a guy who claims to hold an expert status in linguistics, you sure make an awful lot of errors in word placement. If you have any remaining confusion with respect to how people respond to you, I recommend you stop operating from the standpoint of "Bob is right" with regard to word usage. Obviously, I am not the only one who has grown weary of your pejorative phrases followed up with "I didn't mean to do anything wrong" barrage of posts.

Knock it off. Grow up, and maybe people will respond differently.

- Spydertrader

 

[cnms2]

Yes and kind of ... After I wrote my reply, and after I read your comment about the length of Jack's and your posts, I think that I understand what's your hurdle. Let me explain.

Both you and Jack wrote long posts and occasionally vented your grievances. But I don't treat them in the same way because I know that Jack's are full of useful info.

Same with those bars: those same two price bars with exactly the same volume bars may "say" different things function of context: surrounding bars, time of the day, intra-bar formation, etc..

So in a way you have to zoom out to see the context, and to zoom in to see the meaning behind those bars. You have to do it continuously, monitoring both levels. MADA, MADA, MADA, ... Occasionally you'll be wrong, and a few bars later you'll figure it out. Correct it, and continue with confidence!

As I've recently written: I draw price channels and volume gaussians bar by bar, as they make sense, not according to the color my charting software decides to color them. As trends develop, I draw (or at least I notice) price channels and gaussians for higher fractals, again: as they make sense. When they don't make sense, I know that actually they don't make sense "yet".

Quote from bundlemaker:

... Let me be sure I understand, you're suggesting that one sort of zooms out, to see the bigger picture. RIght?...

 

[bundlemaker]

Quote from callmate:

Correct me if I am wrong, you simply compare the NOW bar with the previous one, observe the PV in the first 30 seconds of the bar, it's there on your template.
If in an uptrend, you have the price making higher highs and higher lows with increasing black volume, you are also on the look out for

Callmate,

I'm not even going that intrabar. I'm looking at the bar closes. I have reviewed this thread and Jacks two PDF books and well as a bunch of older material.

The fundamental premise of ALL of Jacks methodology is the PV relationship. If the trend of volume is up, then the trend of price will continue.

What this means is that absolute values dont' matter. What matters is rates of change (ie. derivatives for you maths folks). I am grappling with understanding how to determine comparison points, because the rates of change are changes through time (pace changes).

The one things I've done in the past few days (and have been hesitant to mention because somewhere I thought we were told specifically not to do this, but I'm not sure if my memory is accurate) is to look at a 1min chart. Where the gaussians (thus change/continuation) were not at all clear on the 5, they were much more clear on the 1.

 

[bundlemaker]

Quote from Spydertrader:

I did not poke fun at the length of your posts. I pointed out the absurdity of wasting time. Ironically, you chose once again to waste time.

*******
Am I to understand that the questions I posted earlier today were wasting your time?
*******

Also, comments like, "I have to know how to draw channels because I made the video" remains the crux of your problem. Last time I looked at one of your charts, I noticed numerous errors. You seem to grasp the concepts well enough (based on the high quality video you produced), but you often fail to apply the lessons learned correctly (based on the often incorrect placement of lateral channels).

*********
How am I to know I'm making mistakes? I am grateful to hear you say this. Unfortunately, practicing whaat I've been doing how I've been doing it won't fix those mistakes, will it?
*********

I'll say it again. The sooner you recognize, the material, the professor, the conduit by which the material arrives and even this venue are not to blame, the better off you will be. Far too many people get this stuff (and more get it every day) for you to maintain such a stance.

*********
I apologize. I thought it was clear that by me asking these questions I recognized that I indeed do not understand.
*********

Lastly, for a guy who claims to hold an expert status in linguistics, you sure make an awful lot of errors in word placement. If you have any remaining confusion with respect to how people respond to you, I recommend you stop operating from the standpoint of "Bob is right" with regard to word usage.
Obviously, I am not the only one who has grown weary of your pejorative phrases followed up with "I didn't mean to do anything wrong" barrage of posts.

Knock it off. Grow up, and maybe people will respond differently.

- Spydertrader

 

[cnms2]

I think there's much more than that. For instance: why do you think one of the first things that Jack advises is to expand your chart to the right?

Quote from bundlemaker:

... The fundamental premise of ALL of Jacks methodology is the PV relationship. If the trend of volume is up, then the trend of price will continue. ...

 

[Spydertrader]

Quote from bundlemaker:

Where the gaussians (thus change/continuation) were not at all clear on the 5, they were much more clear on the 1.

During some Intra-bar Gaussian shifts, you can see this clearly on the 1 minute ES. However, this is not always the case.

Quote from cnms2:

As I've recently written: I draw price channels and volume gaussians bar by bar, as they make sense, not according to the color my charting software decides to color them. As trends develop, I draw (or at least I notice) price channels and gaussians for higher fractals, again: as they make sense. When they don't make sense, I know that actually they don't make sense "yet".

This is very good advice.

- Spydertrader

 

[Spydertrader]

Quote from Spydertrader:

During some Intra-bar Gaussian shifts, you can see this clearly on the 1 minute ES. However, this is not always the case.

To be clear, others have posted exactly how they handle this situation (complete with .pdf illustration). I recommend learning to train your 'mind's eye' to 'see' this as previously described.

- Spydertrader

 

[Spydertrader]

Quote from bundlemaker:

Am I to understand that the questions I posted earlier today were wasting your time?

I made it crystal clear as to what you needed to understand. Now, you either have a high intellect, or you do not. Since we have (on several occasions) watched as you pointed out examples of your esteemed brain power, what conclusion should one draw from the fact that you appear now unable to focus on the quoted text provided in my post? Here it is again ...

Quote from bundlemaker:

SPyder made it clear (to the point of demeaning me)

Now, knock off the bullshit.

Quote from bundlemaker:

How am I to know I'm making mistakes? I am grateful to hear you say this. Unfortunately, practicing whaat I've been doing how I've been doing it won't fix those mistakes, will it?

You've been told numerous times about the errors you make. Rather than accept the input, you launch directly into a 500 word response attacking the material and the professor. Your behavior exemplifies an individual who needs to be right. Fine. You are right. Happy now?

Quote from bundlemaker:

I apologize. I thought it was clear that by me asking these questions I recognized that I indeed do not understand.

What don't you understand? That other people don't blame the material? That Mak posted several years ago, what one needed to do? That you often fail to recall key components articulated numerous times only to then later blame me for posting innocuous responses? That many people have continually requested you post charts with your questions, yet you fail to do so?

Come on now. Enough of the charade.

- Spydertrader