I'm really trying to understand this Jokari thing after the discussion last week. I hope you don't mind me bringing it back up as I'm just not getting it. I've spliced the two images togeter to make for an easier discussion on them.
Ok, so in the image we see Spyder's highlight and just like...
Yea I let my tape turn into a channel, maybe that was my problem.
Even afterwards I looked and looked to try and see how else I would have drawn the channel to catch that FTT and couldn't see it. I guess I need to be more conscious of 'redrawing' than letting tapes continue... however I'm...
I REALLY had problems in this area also, still don't understand it (has been happening to me a lot lately, see my last post). Here is my chart and what I THOUGHT I saw. It's weird because I had been cruising along thinking I understood everything and then all of a sudden 2 times this week I'm at...
Can anyone help me with being able to determine why this was not an FTT? At the time it looked so obvious with the high volume and failure to traverse.
That's funny, I get into that same mode... I hate it but it's hard to resist taking that little bit of profit and feeling 'safe' again.
Up 2.25 pts this morning.
Love the examples and videos, keep them coming, they are much appreciated.
Bryan
I went long on bar 5 at the PT3 (Fill price marked with the green horizontal line), then held a little too long before reversing at the gold horizontal line. Covered on bar 9 for an overall .75 loss. Stayed out for the rest of the day after that because of the low volume.
All and all a MUCH better week for me. The one change to the beginner method I made was to exit on the FTT rather than waiting for the BO. So entering on a PT3 and exiting on the FTT, has given me a profitable week finally. Last week was a disaster.
Mon: -1.75 (I was still actually waiting...
Describes how I'm feeling perfectly :)
Also on my reply to Spyder I mixed up LTL and RTL, sorry... I know I'm having trouble but I DO KNOW the difference between those, was just in a hurry I guess.
How have your trades (real, simulated or monitored) go over the last week?
Not too good for me. I'm still trading the beginner method, entering on the Point 3 and exiting on the LTL BO. Most of the problems come from not getting in right at the top of the LTL (PT3), and getting small losses on...
Bundlemaker I've seen you say this before, does this mean that you don't enter the trade until you wait for the next bar and annotate the ftt? Or are you still trading the beginners method entering at the point 3?
Thanks for the channel video, it helped a lot.
Bryan
Ok, I've been reading quite a bit about FTT's so I get that, and it's pretty clear to see now that I'm looking for it. Does the fact that it hit your blue uptrend also add any weight to this? It seems to me as though it would.
Thanks again for all your unselfish contributions over the last...
Since OMRI is doing so well and was not on the DU list would you mind commenting on exactly why you were watching it today? Is it JUST because it's at the bottom of that long term trendline, or is there more to it.
Hope this isn't too stupid of a question, I know some on here have already...