The Price / Volume Relationship

[saturo 10]

A simple question about PT3's -

 

Does the formation of PT3 ALWAYS involve a break out of the container formed from PT1 to PT2?

 

EDIT: and one more:

 

If a trend is lateral (or nearly lateral) is it "valid" for PT3 to pull back past PT1 by a few ticks?

[203NG 10]

My thanks to you as well, EHorn .... I always enjoy studying your charts...

 

Please confirm for me that the first 3 blue containers are each 5-minute traverses, together building the green up "channel". This seems to be born out by the Gaussians. But if I follow the Gaussians for the next 3 blue containers, they seem to be 3 "tapes". Is this correct. TIA.

[ehorn 10]

My thanks to you as well, EHorn .... I always enjoy studying your charts...

 

Please confirm for me that the first 3 blue containers are each 5-minute traverses, together building the green up "channel". This seems to be born out by the Gaussians. But if I follow the Gaussians for the next 3 blue containers, they seem to be 3 "tapes". Is this correct. TIA.

 

It was not annotated properly (gaussians levels with subs and tapes) to match all visible fractals... 9bbts up... so of course the markets gives us 9 bbts down non-dom.

[203NG 10]

9bbts - I presume this stands for 9 building block tapes

 

Hello Spyder, thanks for the thread. I have used EHorne's chart as a foundation, and tried to annotate in more detail the tapes and traverses (syncing with the Gaussians). Please tell me if I am on the right track and where I can look at improving. TIA.

[cnms2 10]

A simple question about PT3's -

 

Does the formation of PT3 ALWAYS involve a break out of the container formed from PT1 to PT2?

 

EDIT: and one more:

 

If a trend is lateral (or nearly lateral) is it "valid" for PT3 to pull back past PT1 by a few ticks?

This method is not about hard rules and constrains, but about getting in tune with the market, and looking at all observable signals in each particular context. Having said that, my answers to your questions are ...

1. yes; if you correctly annotate the pt1-pt2 container (including the acceleration situations)

2. no; but sometimes the volume seems to say otherwise because the volume leads the price

[saturo 10]

This method is not about hard rules and constrains, but about getting in tune with the market, and looking at all observable signals in each particular context.

 

Understood. I see rules like training wheels - eventually you can just throw 'em away. For me eventually is not here yet

 

2. no; but sometimes the volume seems to say otherwise because the volume leads the price

 

Hmmmm... a higher price high or lower price low on lower volume is a very basic PV signal for change. (falling volume => price will change).

 

Are you saying that in a case when a trend terminates with a final relatively weak volume push -- this PV action might be mistaken for a lateral PT3?

[wind_ 11]

Still learning to monitor...

 

Monday 27 Sept 2010

[gucci 10]

Absolutely yes.

 

OK so around 10 AM we *begin* looking for PT3 on our traverse. We immediately have a pullback around 10:15 - why not label this PT3? We also have a red inside bar around 10:30 - why isn't this PT3?

 

In real time I thought the 10:15 pullback was PT3 so I ended up reversing early - I'd really like to understand why I should have avoided "taking that exit" on the road to sequences completed

 

If you were looking for the point 3 around the times you mentioned, you were jumping the fractals. Prior to reaching its point 2 the market managed to create a traverse. Since this traverse is located inside the last one (which RTL market was trying to break) it is nested i.e. faster fractal. So the market indicated what the traverse on the trading fractal will consist of. HTH.

[gucci 10]

This method is not about hard rules and constrains, ...

 

I would like to disagree.

[nkhoi 10]

A simple question about PT3's -

 

 

EDIT: and one more:

 

If a trend is lateral (or nearly lateral) is it "valid" for PT3 to pull back past PT1 by a few ticks?

 

as long as you have the 'gau' supports your P3 then you should be OK.

2 lats with diff results

[gucci 10]

as long as you have the 'gau' supports your P3 then you should be OK.

2 lats with diff results

 

Quite a lot of indicators you've got there. Do you use them all? Aren't volume and price enough?

[nkhoi 10]

Quite a lot of indicators you've got there. Do you use them all? Aren't volume and price enough?

can't help myself , I chop off the header so that you can't count how many indis I have.

actually this is how many I have

[gucci 10]

can't help myself , I chop off the header so that you can't count how many indis I have.

actually this is how many I have

 

I hope you find them useful.

[wind_ 11]

Wednesday 29 Sept 2010

[cjstrader5 10]

Anyone using ninja-trader? I cannot seem to find a way to show my charts without gaps? Can you please help me? Having the most difficult time understand Gaussian line. :crap:I can see the tapes and traverses on volume pane without trouble.

[wind_ 11]

Thursday 30 Sept 2010

[wind_ 11]

Anyone using ninja-trader? I cannot seem to find a way to show my charts without gaps? Can you please help me?

 

Try this link

There are many NT indicators for trading PV method in that thread. Hope this helps.

[cjstrader5 10]

thanks Wind, I will look into it. What I am trying to do is plot the chart with out showing the gaps between sessions so I can draw the channels easier and hopefully learn to see the volume Gaussians as you are doing. What charting package are you using?

[TIKITRADER 10]

Anyone using ninja-trader? I cannot seem to find a way to show my charts without gaps? Can you please help me? Having the most difficult time understand Gaussian line. :crap:I can see the tapes and traverses on volume pane without trouble.

 

Try this from Nkhoi. He has posted quite a few

Ninja codes here

 

Forums - Software Used to Trade Jack Hershey Methods

[MKTr 10]

Friday 1 October 2010.

 

MK

[gucci 10]

On a side note, if somebody is still interested in being able to avoid fractal jumping (this little handicap might get important some day) peruse the IT thread from page 1500 to 1700.Some of the info there might provide some or entire clarity on the subject. dHTcHam.

[savarez 10]

It is unfortunate that no clear explanation regarding how to identify fractal levels consistently has ever been given in this or the IT thread, despite numerous requests from the many individuals that have devoted many 1000's of hours to this methodology.

[cnms2 10]

It is unfortunate that no clear explanation regarding how to identify fractal levels consistently has ever been given in this or the IT thread, despite numerous requests from the many individuals that have devoted many 1000's of hours to this methodology.

Watch volume pace ...

[vienna 10]

Question (and I am sure it has been answered 100 times elsewhere, but Spyder suggested I post my questions to give somebody a chance to clarify):

 

Can somebody point me to a specific post where the Volume pattern that identifies an FTT is clarified?

 

Am just getting into this stuff, it seems to me that an FTT can be either a one bar or 2 bar combination (some kind of spike/ reversal bar formation contained either within 1 bar or 2). There can only be that many combinations of price and volume that express an FTT... somebody?

 

Thanks,

Vienna

[vienna 10]

Is it just me, or is Trade Navigator not very good for annotating? I am in the design field, have used lots of drawing software, but have never seen one where you can not highlight a line that you select etc... it is really hard to grab a line, move it (you often move the chart instead) etc.... for example Multicharts is much better in this, but unfortunately does not have Spyder's setups or the filter capacity.

 

Did somebody ever point that out to TN? I did (to Glenn), but don't know if they will do anything about it...