Notice that FBO is colored orange, there was an FTT of the orange channel and price headed toward the RTL but resumed downward before breaking out of the channel
Hello all, Today was my first day annotating the ES and I thought I would post my chart for any comments. -Atari
Good job, wonderful chart. I advice you to draw gaussian lines as they will allow you to compare your volume analysis with the analysis of others in this journal.
Thank you Spyder for your succinct and useful response to my question. FWIW, everything I've learned about being succinct I've learned from Jack (ho, ho). lj
In this post from Hershey, he seems to convey that IF1/IF2 and APA is a complete strategy. In fact in the attached document, he goes through an entire day showing the various signals produced through the whole day using nothing other than IF1/IF2 & APA to achieve SCT. Are you now modifying that assertion because it has subsequently been shown that IF1/IF2 and APA as a standalone strategy has been proven a loser as was the the 30 minute bar breakout as tested by Roughtrader ? http://www.elitetrader.com/vb/attachment.php?s=&postid=353304 Doesn't your restatement of Hershey's methods with new caveats seem to be a form of "curve fitting" ?
Thanks for the feedback FerdinandAlx. I'm going to try to annotate my gaussian analysis as my speed improves or when I have time after market hours. Right now, I'm trading the equities method while annotating ES during the day. Doing my equities homework and trying to catch up with this journal occupies most of my evenings - there just aren't enough hours in the day . -A
Chicken Little, I have neither restated, nor disproved the assertions of anyone. I have simply pointed out the dangers of incorrectly using a tool in areas unintended. In other words, for people like yourself who intentionally misrepresent posts to serve their own agendas, I didn't want such foolishness to cause people to apply answers to questions not asked. IF1-IF2 represents an excellent way to know when one missed a market signal of some sort. Seriously, find another hobby dude, or at least, seek psychological assistance. We all get it. You can't do it, so anybody claims they can must be full of shit. I don't really care if you get it or not. - Spydertrader
Why does Hershey say one thing and you say something contradictory ? Where did Hershey say the "tool" was unintended to be used as such? Are you making this this stuff up on your own ?
Dude, what rock have you been living under for the last 11 months? Jack discussed Rockets, Icebergs and Slaloming. Do you see those things here? Jack posted on the MACD and The Stochastic Indicator. Do we discuss those things in this thread? If you want to argue with Jack Hershey, go find Jack Hershey. - Spydertrader
oh. right... missed that. Thank you Jander. I just wonder why spyder didn't have a p3 up channel ( see green arrowed channel, dark red )? is the decreasing volume so obvious that he Knew it's going to be a short term retrace and didn't even bother to draw a channel? http://www.elitetrader.com/vb/attachment.php?s=&postid=1704101