Spydertrader's Jack Hershey Futures Trading Journal

[guavaman]

The area highlighted by the yellow vertical lines gave me trouble. If in a downtrend I would have exited with break of light grey RTL, but the subsequent Price and Volume action would have batted me around (if I wasn't smart enough to know my limitations ). I realize that on the 10:30 bar the first exit of the RTL wasn't on increased Volume, However the 10:40 bar that brought it back into the channel was, followed by somewhat increasing Volume again to exit the RTL. The re-entering of the down channel, then exit, then almost re-enter is very troubling to navigate. Confused? Me too.

Did anyone deal with this time successfully? If so, do share.

 

[Avi 8]

Gman,

See if the 1030 bar annotated as a pt 3 and the corresponding new RTL adds any clarity.

-Mike

 

[cnms2]

If the bar is the end of an up tape, I think about its top in terms of LTL bounce or FTT, and PT1 of a new down tape. Arguably, you could call it a "temporary resistance", but we operate with LTL and RTL as dynamic resistance and support.

Quote from Mr_Black:

My 44 bars ...... I have a question if you have a UP or Down tape and the last bar Is whit range smaller that previous bar and the volume is bigger that previous Do you consider the High on this bar if is Up tape as resistance or the low of this bar as temporally support...if down tape is present ???????? I mark some samples of bars like this on My chart.....

best regards Mr_Black

 

[cnms2]

I drew my channels and gaussians a little differently, but that area was a retrace followed by an FTT, and it was quite congested ...

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1637226>

Quote from guavaman:

The area highlighted by the yellow vertical lines gave me trouble. If in a downtrend I would have exited with break of light grey RTL, but the subsequent Price and Volume action would have batted me around (if I wasn't smart enough to know my limitations ). I realize that on the 10:30 bar the first exit of the RTL wasn't on increased Volume, However the 10:40 bar that brought it back into the channel was, followed by somewhat increasing Volume again to exit the RTL. The re-entering of the down channel, then exit, then almost re-enter is very troubling to navigate. Confused? Me too.

Did anyone deal with this time successfully? If so, do share.

 

[cnms2]

es

 

[gooch87]

Here is my morning

 

[bigbrent701]

Nice chart Gooch, very easy to read.

 

[bigbrent701]

YM 5 minute chart.

 

[Haroki]

Man, I was expecting a down day to come along soon, but nothing like this !!

 

[ericta]

Quote from Haroki:

Man, I was expecting a down day to come along soon, but nothing like this !!

text book Gaussian volume, sweet.