Spydertrader's Jack Hershey Futures Trading Journal

TODAY'S CHART

ES 5 MIN (minus the indicators)

I was a little confused in the period from 1:45--2:25. Initially I thought that this was a retrace. It appeared that price was increasing but black volume was not. Then on the 2:25 bar red volume increased. So I thought that this was the beginning of a move down. It soon became clear what was happening.

The rest of the day was smooth other than some problems with my data feed near the end of the day

 

something I've started doing, and it has been helping me thus far,
is that I actually take off volume from the screen

I then look at cumulative volume and then plot the readings every 5 mins on paper.

looks kind of like this, (not based on actual data)

130k @ 9:35
150k @ 9:40.............20k (the diff. between :35 and :40)
165k @ 9:45...........15k
etc.

I'm also watching the "speed" of volume accumulation intra-bar.

I don't know... doing it this way has seemed to open some doors in my mind. (I'm only doing coarse work here, meaning ES and no YM.)

just thought I'd post for whatever it's worth.

 

While I don't want to dissuade you from your current chosen path of study (especially with respect to Volume 'pace'), might I suggest you take a look at the Quotetracker PRV Tool. Having the PRV calculations appear within the Volume bar on the chart may provide the insights you need to turn the corner.

Of course, your mileage may vary.

- Spydertrader

 

Yes-- pace changes can be very easily observed by watching the volume projection bar rise and sink.

 

Just wanted to share this eurodollar trade for almost 20 pips.

regards,
Ivo

 

Yesterday's Chart....

Regards,

 

Spyder
I appreciate your time and effort on this journal.
What data feed do you use for Quotetracker?

 

Thank you for the kind words. You can choose from a variety of data sources from viewing this list on the Quotetracker.com web site.

- Spydertrader

 

Spyder, your journal has truly helped me big time. Thanks man.

 

Anyone else having issues plotting the STR/SQ in QCharts?

I am running into a problem with QCharts and the STR/SQ chart. The chart seems to be plotting values that are completely off.

I decided to back off a bit and take the offset out of the picture and just plot the difference between the YM and INDU. I can then compare chart to the values being calculated at real time in another quote sheet.

For some reason the chart is off as shown in the attached graphic.

Anyone know how to fix this?

TIA