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Well, I actually said, "where left becomes right". I try to be accurate. :) No one picked up on my previous comment about the nested fractal nature of the PV relationship (or if they did they kept very quiet, LOL). I know this has been discussed in the past. If you haven't constructed a 2...

Hey man, Joey Dokey is Hypostomus. We tolerate him 'cos he's funny. T28 is just sad though and probably a wanker too. (Lateral on DAX.)

Good advice, thanks, I've been mulling it over for a while as you can see. :) It relates also to Spyder's post above. I thought I understood the PV relationship well last year... Jack once made a comment buried in a reply (probably in lime green) that you should dwell for a while in...

The attached Excel sheet shows the scope of the opportunity under various conditions: average points per day being the most important, but margin requirements and trading costs are also modeled (simply). Here we scale up to a maximum of 50 contracts but the actual maximum is determined by...

A bar extreme. At the DOM wall, a 2-pair has evolved into a spike as the minority takes control and price ticks in the non-dom direction (left becomes right), very near to the extreme right end of a bar that was, until very recently, extending in the dominant direction with increasing volume...

Well the T is correct, I've yet to master the S and C part. :D You mention 08:35 bar, this was a point 3 short after the FTT at 08:25. (I didn't start monitoring until 08:30, otherwise I would have been looking to short the 08:25 bar extreme). This may seem nuts at first, but it is one of...

Hi schaefer here's my chart for the am session. Don't want to crash your party uninvited, so if my charts are a distraction just let me know. :eek: As you can see I sometimes make a complete hash of my first trades of the day: rushing in when patience and cooler analysis is called for, but...

Hi Schaefer Here is my morning session chart. I use channels and volume to make most decisions. The two trades I took are marked (+75, -10), I then monitored to the session close. Good luck with the journal!

<img src=http://elitetrader.com/vb/attachment.php?s=&postid=1823755>

VE = volatility (range) expansion. A VE can be an FTT of a steeper channel. FTT definition - you don't mention the most important part - it fails to reach the LTL, often on increasing volume (locally). Fine tools and the following bar confirm the FTT.

Good stuff. A couple of things I want to comment on: Reverse not exit: How many times does one have to be sent the wrong way (by PRV) and then exit for a wash or small loss only to see price race the other away before one learns this? :D "WWT?" is so important - of course you have to have...

In case you are still interested, here is an annotated chart for discussion. Note how you can ignore the 50 xo when you anticipate a channel P3 (context) and you are already correctly positioned from the prior FTT (P1 normally). Note volume after every FTT and every P3. Note MACD histogram...

LOL. Not before? IF 0 perhaps: lead the market! When would you consider that the reversal was incorrect (hypothetically)? Do you keep an "APA" or equivalent line at the Open, or above? Or: is this possibility simply not on the table given the context?

What is the basis for reversing there? It looks late, at the wrong end of the bar and smacks of reaction or "chasing". You reverse where you would also bank maximum profits - at the wall, anywhere else is sub-optimal. With such a late reversal, you will likely go into small drawdown for...

Wish I could have been there. Sounds like there was smoke! "During Change we give a lot of consideration to the way taking profits and staying on the right side of the market comes together. I used to use a mirror for this and check for smoke coming out of my ears. Now a days I just think of...

I'm not sure why ljyoung is taking such a beating on this - what he says makes some sense to me. (He could make his case more clearly perhaps.) My Chart Colouring Scheme Take a look at the bars I have coloured green and pink: look at the volume bar colour and also the way I have coloured...

Feeling fresh as I do after 5 hours sleep (see post times), I can share with you that the A/D switch in Nikkei is none too subtle - when they come in they come in and it often shows as an impulse, with a period of damping to follow (don't wait too long). I guess you had to be there to see the...

Tough going. +4.0

Iceberg.

I was pleased with S3.