Spydertrader's Jack Hershey Futures Trading Journal

Discussion in 'Journals' started by Spydertrader, Dec 30, 2006.

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  1. Wow, very very nice.... thanks a bunch.:cool:
     
    #1501     Feb 26, 2007
  2. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1374623>

    (Sorry if I spoiled it for anyone.)
     
    #1502     Feb 26, 2007
  3. Pr0crast

    Pr0crast Guest

    .
     
    #1503     Feb 26, 2007
  4. PointOne,

    Nice job! I appreciate that you took the time to do it and post your answer.

    I don't know anything about "Rockets", so, I'll take your word on them. :)

    Anyone else besides PointOne wanna address the B2B and (6):

    5.5) In theory what should the B2B "do" in this example?

    6) If this "snippet" did not represent the entire day, what would you "anticipate" to happen next? For this question, assume the last "B" is a Gaussian peak.

    I'd be happy to create some more of these Gaussian Drills if anyone is interested. Or better yet, maybe someone else can post some so I can get in on the action.

    IMO, Gaussians are key to understanding PV.

    spooz
     
    #1504     Feb 26, 2007
  5. Spyder;

    Thanks very much for your coaching us tirelessly.

    A little frustration of mine:

    1. The momentum of the price movements in SIM do not agree with what are in the QCharts. FTTs, therefore, can not be transferred from Q to S.

    2. The platform of SIM may not be 100% in realtime?

    3. It is kind of visual game for me to play while trade on sim.

    4. The results, so far, are not bad.

    Any advice is appreciated.
     
    #1505     Feb 26, 2007
  6. Pr0crast

    Pr0crast Guest

    Wen, if you are using the SIM on ninjatrader from what I understand that is not real-time but generated from an algorithm. I could be wrong.

    I know that some brokers allow you to open a paper trading account to trade on real-time data (IB for one does this). What about using one of those?
     
    #1506     Feb 26, 2007
  7. Bundle:

    Thank you very much for sharing the Refreshing video.
     
    #1507     Feb 26, 2007
  8. Such a smart idea,

    Iric: Thank you.
     
    #1508     Feb 26, 2007
  9. We're at 250 pages or so. Do you suppose it's possible we missed some stuff. I spent the day reviewing posts related to volume as that's the next focus of my journey. Below I copy/pasted some words by Makosgu that I somehow missed in my torrent of channel work.

    ****************************************
    For each VOLUME PACE, I have a different expectation for how far the bar will extend. This is the real eye opener for PRV. Given my continous rt PRV value, I have an expectation for how large the PRICE bar will be. The +/- tells me whether I can expect to extend the DOMINANT direction (+PRV) or retrace back against the DOMINANT direction (-PRV).

    *****************************************
    I am "LOOKING" for dominants. If I have a DOMINANT going against the grain (ie. direction of the channel), I reposition and start new channels. Dominants require +PRV. For a -PRV, I am on alert for either new boundaries or for the next +PRV dominant...
    *****************************************
    At the end of a short short term channel it is a B\/B
    At the end of a long short term channel it is a R\/R
    If I have increasing volume that is going against the previous dominant, (ie. the increasing side of a R/\B or B/\R) then the extreme of the previous PV Gaussian cycle was my FTT. For spyder and I, we view it from the perspective of if the surge does not reach my LTL, it FAILED TO TRAVERSE
    ******************************************
    If you get hung up on 2 bars, you miss the big picture. If the majority of the bars are business as usual, do not concern yourself with the 2 outlying bars. Alot of traders screw up all the time by concerning themself with every little detail. PV is about the herd, NOT the actions of a lone trader within the hred. If you nail identifying DOMINANTS and NON-DOMINANTS, then you will "see" that the big picture is a continuous non-failing sequences of these cycling pairs. Every CHANNEL, PENNANT, LATERAL have cycling Ds and NDs. Sometimes, you get the D and ND on the same bar. For now, classify these two bars as having both a traverse (dominant) and retrace (non dominant).
    ********************************************
    Since pts 1,2,3 are critical values of the channel, I explicitly correspond pts 1, 2, 3 with volume.
    ********************************************
    We always have to differentiate concepts that are rigid (ie. +/-, pt1,2,3) from those that are dynamical. The period of a gaussian is dynamic and is in accordance with the pace. The characterisation is that when the PACE is relatively fast (ie. MEDIUM/FAST/EXTREME), the period of the gaussian is long (ie. 15M-45M). When the PACE is slow (ie. SLOW/DU/VDU), the period of a gaussian is short (ie. 5M-15M).
    **********************************************

    Thank you very much Mak for your incredible insights. Your posts are appreciated and EXTREMELY valuable.
     
    #1509     Feb 26, 2007
  10. Pr0crast

    Pr0crast Guest

    I never got the real-time data to work with Ninja for some reason (it didn't like my feeds) so maybe someone else who did can chime in too.
     
    #1510     Feb 26, 2007
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