Spydertrader's Jack Hershey Futures Trading Journal

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I need some help to understand this in terms of Jokari window

1. Bar 7 with volume of 62,943 is an FTT
2. Bar 8 is increasing in price with volume of 45,760
3. Bar 9 is increasing in price but decreasing red volume. 44, 621
4. Bar 10 again increasing in price and decreasing black volume of 40,803
5. Bar 11 with decreasing volume, I actually took a short trade here for a
few ticks thinking this was an FTT. volume 39,027
6 Bar 12 formed a LL and and LH with an increase in volume of 40,803

Looking back at my trades I actually took a short at bar 9 for a few ticks too, my noted reason was that I believed it to be an FTT. There must have been some kind of news to get a spike like that on bar 10. I would welcome comments on as to how you read the market at the time.




spike.png
 

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Quote from cnms2:

We all try to work out something that fits our personalities and goals ... Lately several on this board seem to have achieved consistent profitability. It's also true that the ES has been cooperating with the trend followers ... :)

I think that continuing to share our opinions and to ask questions on this board will be very helpful. It's too bad that Jack left ET, that Spydertrader has unforeseen family commitments that forced him to reduce his participation, that others experienced in trading these methods like makosgu got fed up with ET and only rarely comment anymore.

Anyway, overall I'm optimistic about my journey, and about others' too ... :)
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I don't visit many places on ET but was pleasantly surprised with how well modded this thread was. I kind of assumed (never assume anything!) that ET had cleaned up its act. I guess its still the wild west in other areas. Too bad Jack had been hounded out, this was news to me.

Old Spydy has certainly earned some family time! Reviewing this thread (let alone the other journals) you really get to appreciate the scope & tirelessness of his generosity. Remarkable.

Also its good to see people achieving levels of success and 'paying forward'. Guess that's where the future lies anyway.

Cheers.
 
Jokari window showing the Lissajoux figure created by the 1/2 ratio between the P and V frequencies. Read the description of the entry / exit best points.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1674526>
 

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This is how I see it:

The Jokari window applies to each fractal. In each one of its four boxes you can detail another Jokary window. This way a 4 box window becomes a 16 box window, and so on. What we see in the volume bars is the superposition of these multi fractal effects. In your particular example we also see the effect of the unusual volume increases specific to the first and last bars of the day. The relative larger red volume bars and lower black bars, as well as the overall volume decrease with the price increase make me anticipate that this is an up retrace in a down trending channel.
Quote from callmate:

I need some help to understand this in terms of Jokari window

1. Bar 7 with volume of 62,943 is an FTT
2. Bar 8 is increasing in price with volume of 45,760
3. Bar 9 is increasing in price but decreasing red volume. 44, 621
4. Bar 10 again increasing in price and decreasing black volume of 40,803
5. Bar 11 with decreasing volume, I actually took a short trade here for a
few ticks thinking this was an FTT. volume 39,027
6 Bar 12 formed a LL and and LH with an increase in volume of 40,803

Looking back at my trades I actually took a short at bar 9 for a few ticks too, my noted reason was that I believed it to be an FTT. There must have been some kind of news to get a spike like that on bar 10. I would welcome comments on as to how you read the market at the time.




spike.png
More...
 
This is Friday Nov. 9 live.

This is a video of the ES 5 minute . This is live price and annotations.

I have added my thoughts to the section of time with voice.
This is the time period of around 2pm to 2:45pm.

I follow everything exactly as has been taught here by Spydertrader when watching the day play out.
The only thing I wanted to do was to add some of my personnel thoughts that have not been taught here, but are added in to my trading.

So you can hear my thinking as I am annotating. Voice has been added after video was filmed, so I could speed up the sections.

Please remember, this is just how I think . Not to say it is the way everyone should.

Hope you enjoy this, and have a great weekend !


:cool:

video link: http://www.screencast.com/t/iX6eeMzms
 
I have a couple of questions on the Jokari stuff. Firstly my original foray into the P V relationship was with Whycoff and his rather good pen nam Rollo Tape and people like Humphrey from the same era. Clearly core elements of Jacks PV work shares much common ground with these guys.

I should add I am not trying to fit conventional orthodoxy. The PV relationship exists and is observable. I was fortunate in so far as I had only to learn new syntax to describe these market fundamentals.

Anyway I was interested to see old friends accumulation and distribution mentioned in the scoring section cnms2 posted above. Q1 is how do you tell accumulation from distribution to score it? I have always thought of CCC as analogous to Acc/dist. In fact I had thought that jack had not distinguished between the two because the two are indistinguishable until the final exit direction is known!

Also I must admit I have a bit of trouble getting my head around the 'zig zag' price curve chart. For example it has a line for distribution but none for accumulation (though it has dry up). I dunno it just dosen't quite seem orthogonal.

I am quite happy with a model that has up down or sideways but this chart seems to have more than that. However I am curious how you can have distribution without accumulation.

Cheers.
 
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