Spydertrader's Jack Hershey Futures Trading Journal

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Quote from RoughTrader:

Here is my hand-drawn chart for the day. Any comments, critiques?

Thanks,

RoughTrader
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Nice channels ! Beautiful tapes !
This chart has a soul, the others don't.
 
Looks good ! :) You still have to work on your gaussians ... :(
Quote from RoughTrader:

Here is my hand-drawn chart for the day. Any comments, critiques?

Thanks,

RoughTrader
More...
 
Quote from RoughTrader:

Here is my hand-drawn chart for the day. Any comments, critiques?

Thanks,

RoughTrader
More...

RT,

Moving across the chart from the left, Bars 6 and 7 appear to form a FTP. If these are being used as a pair of taping bars, shouldn't the right side of the tape be formed by the lows of the bars and the left side by bar 1?

lj
 
Quote from ljyoung:

Apologies for the retrogression to an earlier time but I have a question (see attachment) for anyone who might wish to respond. It may well be that Jack, wiley devil that he is, did this intentionally.

TIA

lj
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Yeah, it's an error. There are a couple minor things like that in the doc. I have my copy marked up. You have the correction right. - EZ
 
Quote from cnms2:

Looks good ! :) You still have to work on your gaussians ... :(
More...

Any ideas what I'm doing wrong? I was a little lazy so I didn't code the color of the volume to reflect the directional change of the close, and I didn't color-code the gaussians either.

But other than that, if I'm actually drawing them wrong please let me know.

Thanks!

RT
 
Quote from ljyoung:

RT,

Moving across the chart from the left, Bars 6 and 7 appear to form a FTP. If these are being used as a pair of taping bars, shouldn't the right side of the tape be formed by the lows of the bars and the left side by bar 1?

lj
More...

If you look closely, it's not a FTP. The high of bar 6 is one tick higher than the high of bar 7.

But if it was an FTP, I don't think you can tape across it, because starting the tape with LTL is against the rules. The bar progression is clearly down, which means a new tape needs to start from the high of bar 6.

RoughTrader
 
Quote from Ezzy:

Yeah, it's an error. There are a couple minor things like that in the doc. I have my copy marked up. You have the correction right. - EZ
More...

Thanks EZ. The reason for the question was to consolidate what I thought I understood - not to find fault.

lj
 
Quote from RoughTrader:

If you look closely, it's not a FTP. The high of bar 6 is one tick higher than the high of bar 7.

But if it was an FTP, I don't think you can tape across it, because starting the tape with LTL is against the rules. The bar progression is clearly down, which means a new tape needs to start from the high of bar 6.

RoughTrader
More...

Look here.

RT
 

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