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Point One's do not have to be on an FTT. They may occur anywhere on a chart. Both. - Spydertrader

Yes, and price promptly returned to that same channel later on in the day (30 minutes later). If price 'respects' these older trend lines, I leave them in place. For additional commentary on this subject, please review my answer to the same question in Journal II. - Spydertrader

Rather than explain, how about I show you how to 'see' it yourself? Head on over to Wealth-Lab.com and enter into the Chartscript any Final Universe Symbol. Note the chart location where MACD Histogram exceeds 0.4 levels. Now, look at the price pane. Notice anything significant? Hint: It's...

I chose the particular Point One as the beginning of the Brown Down Channel as that was the point of the FTT of the Green Up Channel. If we believe that an FTT marks the point of change in market sentiment, then it stands to reason that we would want to begin our opposite direction channel at...

Enter on the FTT, Exit on the FBO. Just like we talk about in Futures. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1314872>

Attached Chart. Take Note of the FTT at the end of the day. Notice how Volume presented itself. - Spydertrader

Watching incorrect tools at the inappropriate time creates just as many bad habits as jumping ahead before one is ready. Think for a moment, What tools did Jack have available to him when he was hand drawing charts? Hint: It wasn't tic data or DOM. While certainly, how one proceeds with their...

Open a Weekly Chart for the symbol in question. Count the days from first data reported to present day. With HWCC, it is just shy of six months of data. - Spydertrader

In past futures discussions, where we failed to follow a strict plan of transference, people allowed their zeal (to reach expert or advanced trading levels) to influence their decision not to build a strong foundation. Many Beginner level traders attempted to use tools intended only for those...

By following the culling strategy in this post (including Insider Owned and Institutional Owned), I culled some 8000 symbols down to 159 equities meeting the Hershey Fundamental Parameters. Narrowing the field further, I only looked at the 15 charts (out of the 159) which had a 'Score' of 7...

Quite the opposite. Always evaluate the Daily Chart for Price location within a channel, Volume Considerations, Days since the FTT, Indicator Sequences and whatever else allows you to 'see' the cycle of the stock you consider trading. Nicely done. - Spydertrader

Requested Chat Room snippet <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1314296>

Some fish .... CTRN & SWFT See what you think. - Spydertrader

See attached chart. As I annotated my charts tonight (Yes, in hindsight :D ) I ran across this series of Price bars, and felt pretty confident some of you may have confused the Hitch for an FTT. After all, we just had a point three formation (on both the Thick Olive and Thick Green Channels) and...

Corrected Typo from Previous Post. - Spydertrader

According to the chart, HWCC appears to be a Dry Up Stock for Thursday Evening (based on Volume). I did not have HWCC in my Watchlist as it has yet to make my Final Universe. According to Qcharts, HWCC currently sits a few weeks shy of six months worth of data. I require a minimum of 127 trading...

First of all, thank-you to everyone who sent their well wishes with respect to the new addition to our family. I appreciate the sentiment very much. Now, on to the ES and the FTT. I don't want anyone to take this in a negative fashion, but I really don't know any other way to say it...

I apologize for my absence today. An early morning phone call alerted me to an unforeseen change in schedule. Rather than monitor the YM and ES, I spent the day watching Barney and Tele-Tubbies. The reason for the change? A new member of the family arrived early this morning (2 days early), and...

I apologize for my absence today. An early morning phone call alerted me to an unforeseen change in schedule. Rather than monitor the YM and ES, I spent the day watching Barney and Tele-Tubbies. The reason for the change? A new member of the family arrived early this morning (2 days early), and...

Just an idea for you. Scroll on back to the point where qx04790 posted the program. Send PM's to anybody who posted a question. Maybe some of those people haven't made it to your posts yet (Holiday Break). - Spydertrader