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The following clarification assumes one trades (always) in the direction of the dominant trend. If the large gap occurs in the same direction of the dominant trend (in the case of ASCA above - up), then the trend remains valid. If by doing so the gap breaks through the left side of the...

I don't use the vertical line marking my anticipated end to that particular trade (time stop), but I have included the other lines I use. Attached, please find a daily chart of ASCA, but the same process works for any chart on any timeframe. I hope you find the following useful. -...

Thank you for clarifying the FTT to which the blue FTT referred. You correctly point out the blue FTT (when referring to the failure of price to reach the right side) is not an FTT as defined previously. However, as I pointed out in a previous post, a blue channel FTT does exist nearby as I...

As requested ....

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I assumed the 'yellow FTT' to which you referred (typed in blue letters) made reference to the FTT for the blue channel. This is an FTT, as price fails to reach the left trendline. <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1264657> If you mean to suggest the FTT...

I guess I'll buy my Irwin tools at Lowe's - Jamie McMurray (after contact with Tony Stewart ruined one of his best runs of the season)

You have inverted your points 1,2 & 3 on your blue down channel. In down channels, points one and three are on the right side of the channel - same as in your other down channel. - Spydertrader

Interesting fact, I had not noticed, but thanks for bringing it to my attention. I plan to close this Journal at the end of this year. If there is an interest, I'll start a Final Journal at the beginning of next year and keep it open all year long. - Spydertrader

Since my guy becomes mathematically eliminated as soon as JJ actually starts, Ic an only hope JJ somehow slips in his bathtub, breaks his leg and finds himself unable to start at Homestead. Of course the Karma Rule which would normally prevent me from wishing ill upon another driver becomes moot...

See attached GMXR daily chart .... Based on this chart, one anticipates further price degradation prior to this morning's open. Price may hold at the weekly pivot (pink line), but I anticipate additional downward movement until price reaches the right (lower) trend line. To avoid any argument...

Actually, what I am saying is this: Once a trader obtains a certain level of proficiency and experience using these tools, the trader no longer uses words like most of the time. This is exactly what Jack talks about when he says the days of probability are over. You begin to 'see' what comes...

With one race remaining .... Johnson only needs to finish 12th or better to clinch the championship. ktmexc20 - Hamlin (#11) Moz - Gordon (#24) jzlucas - Kenseth (#17) Spydertrader - Gordon (#24) Pabst - Kenseth (#17) TM_Direct - Harvick (#29) AAAinthebeltway - Hamlin (#11) vhehn -...

You correctly understand the concept of the FTT. Thank you for providing the sketch. I have modified your sketch slightly in an effort to show how the up trend channel (created by the FTT) has its own FTT (created when the previous FTT failed to break out). This process works for both equities...

Qcharts shows WBD with a sixty-five day average volume of 93,000 shares. I require a minimum of 200,000 shares as a parameter for inclusion into my Final Universe. As a result, I do not have WBD listed in my previous post. Good Trading to you. - Spydertrader

Kevin Harvick held off Jimmie Johnson to pull off the sweep at Phoenix and to move into third in points. Johnson increased his Chase lead to 63 with one race to go. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1263235>

Monitor the following symbol for a while, and note what precedes a Failure of Price to respect a trendline. The market provides an early warning for this phenomenon. Some people have named it FTT (Failure to Traverse). I have noted two such occurrences on the daily chart for RNOW, and a couple...

Now you can use both .... Hershey Equities Dry Up Volume Scan v. 1.0.0 Hershey Equities Dry Up Volume Scan v. 2.0.0 (Three Month) - Spydertrader

Today's Racing 2:30 pm Countdown to Green - Phoenix NBC 3:00 pm Champ Car World Series Mexico City (LIVE) SPEED 3:30 pm Nextel Cup Race - Phoenix, AZ (LIVE) NBC *All Times Eastern - Spydertrader

Matt Kenseth held off Busch Series Champion Kevin Harvick in the final laps to win the Arizona Travel 200 at Phoenix International Raceway. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1262390>