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04-25-08 ES 06-08

Thank you so much Pepe for sharing. New tools feel like driving Ferrari. One thing however I can't seem to figure out. I noticed callmate's charts color bars with higher high as black even if they close lower than open. I tried for hours make it work on my NT - I must be missing...

I am a big fan of the FTT=>FTT/FBO/BO framework that was layed out in the begining of the futures journal. As such I would have entered on bar 4 with increasing red PRV, creating pt3 in CO channel. Bar 8 on decreased black volume confirms an FTT. Reverse. Then reverse again on FBO. Repeat 30...

I have them too. The second one of yours didn't feel right to me at the time because the price closed inside the channel.:)

oops

I don't think I can draw a 'chubby' tape where you shown on your chart. If I try drawing it with pt1 and pt2 on the bar 8 (inside bar), then the high of bar 10 (incr black) where one would put pt3 is higher than LTL that goes through pt2. Alternatively, one can draw valid pt3 channel 10...

I totally lost you here. Here's my morning so far.

Again totally incorrect - there is no dashed gray channel, as one can not draw a valid pt3 channel through bars 2,3 and 4. http://www.elitetrader.com/vb/attachment.php?s=&postid=1896638 Embarrassing mistake.

Thank you , callmate! I appreciate that.

Very nice chart. I see that it is possible to change color of the bar to it's true color. How do you do that?:) :confused:

The following assumes FTT=>FTT/FBO/BO framework. I have been working on this post since yesterday and most of the observations are obvious for all who has been at it for a while, but hopefully this will be useful to those who are just starting, as I am. I made this analysis, which is...

dtn iqfeed with NT: bar 15 1040-1045 22,550 bar 16 1045-1050 17,392

I respectfully disagree. My limited experience shows beyond any doubt that the sequences (or dominoes, as Spydertrader refers to them) are always there, news or no news, and while the sequences may go really fast or slow, they are still there where or not I can recognize them in real time.

Yes and how kind was it for the YM to lead the way:D

I saw bar1 = VE of CO channel, bar2=FTT and pt1 of the new down channel (dashed gray), bar3 = pt2, bar4=pt3, bar5=FTT (of the dashed gray channel), bar6=BO on decr volume, What Must Come Next didn't (expected incr black) therefore waiting for new pt3, bar7=inc dom red volume creating new pt3...

http://www.elitetrader.com/vb/showthread.php?s=&postid=1895455#post1895455

More like a flash grenade. AHA! Still working on the rest of your post.

Thanks LostTrader, the inability to just click on a bar and change it's color is driving me nuts.:)

It appears we had INCREASING red in it. See one of my previous posts today and Spydertrader's reply.

I am working through the rest of your post, but one thing is clear to me now. Using FTT ->FTT, FTT->FBO/BO rules I had no right to reverse long until bar 10 (10:15-10:20), because there was no pt3 down channel until outside bar 8 brought increased red volume into the picture and created pt3...