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Nope. Yep. - Spydertrader

The area to which you refer (on my chart) shows a lower high and equivalent lows on two adjacent bars. Hence a flat bottom pennant. I could have drawn these areas in to scale (extending the hypotenuse across several bars), but see no reason for doing so. The slope of the hypotenuse isn't...

Free Chat Room - Spydertrader

For the sake of your example above, let's assume a trader catches the FTT at the exact point of change (be it exact tic, exact volume 'at some point' or at close of bar - doesn't matter). Now, what must come next? Just as you outlined, decreasing Volume must take Price back to the RTL. As long...

At some point within the five minute bar, you know you cannot have change because, based on current PRV, actual volume will go beyond the previous volume bar. At some point within the five minute bar, you know you cannot have continuation because, based on current PRV, actual volume will not...

For clarity purposes, the above quote does not infer one should not make decisions Intra-bar. I trust everyone understands the difference. If not, please let me know. - Spydertrader

I fail to see how such analysis aids your development. And for the record, you aren't the only one who focuses and what they cannot do. If one cannot see the market Intra-bar, then one should stop attempting to trade, sym, analyze, monitor (whatever) on the Intra-bar level. The lines on the...

Both. He found it fruitful, but now focuses on learning the ES. I'm sure he won't mind receiving a PM. - Spydertrader

When gooch87 used to trade equities, he often entered on a Pennant Break Out early morning. - Spydertrader

Hey Bit. You can use any time frame to draw channels, but for the purposes of this Journal we are using 5 minute ES Charts. - Spydertrader

Keep up the great work. Your first red FTT is the start of a Dip (you'll learn about flaws as you read along). Other than that, your channels appear spot on. You may want to add tapes to your charts to begin to train your mind to 'see' them for later. - Spydertrader

Quality, not quantity, matters most. Don't talk about trading. Don't look at charts. Don't read Journals. Don't watch CNBC. Don't try to 'figure anything out' with this stuff. Don't even think about any of this stuff. Then, come back, and begin with the first posts of this month. -...

If I am reading your chart correctly, the break out to which you refer occurred on decreasing Volume. If I incorrectly read your chart, please advise. - Spydertrader

I've been travelling all day, so I've missed the drama which has transpired. However, I offered this advice last week which (based on today's posts) appears to have been ignored. Oddly enough, everyone I have spoken to, who has successfully traded these methods, felt 'taking a break' helped them...

Monday Dry Up AFSI AVCI BTJ CALM CECE GROW GSAT GSOL MTOX PRXI ROCM SYNL TASR TRCR VSR WINN had a rank when I added it to the Final Universe. It doesn't know though. :( - Spydertrader

The chatroom does have an ignore feature. See attached. Simply click on a username you wish to ignore, then click the 'ear' icon with the red 'slash' and the ignore feature is complete. Should you, or the person set to ignore, leave the chat, you'll need to reset the ignore function. -...

Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1597793>

Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1597410>

Busch Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1596950>

Cup Series <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1596949>