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When we add the YM (See Syllabus) we will use Gaussians on both the ES (5 min) and the YM (2 min). - Spydertrader

Correct. One enters on an FTT (in the opposite direction of the current trend) then awaits for the market to provide one of the three End Effects (FTT, FBO, BO). The actions for each End Effect are as follows: 1. FTT (reverse) 2. FBO (Exit [beginner level]) 3. BO (hold) Keep in mind, we...

Let's take a look at Volume as a tool for trading the ES .... If you notice my charts, you'll see several lines drawn through the volume bars. Red Line - 2500 level Blue Lines - 4500 and 7000 levels Green Lines - 9000 and 19,000 levels Everyone should add these levels (or an iteration...

Yes, its a 'taped' FTT. - Spydertrader

No. FTT's occur when price fails to reach the Left trend line on a RTL Traverse. Attached please find a snip of the ES chart in question. I have gone ahead and removed the prior annotations and replaced them with incorrect annotations to better clarify my statement you quoted. If a trader felt...

The Stocktables.com web site provides a 'ranking' of stocks using EPS and RS. For our purposes, using such a rank allows for an easy sorting and culling process in an effort to locate our "High Quality Stocks." However, one can (if using Qcharts) arrive at a similar place using other available...

I look forward to it. Everyday should be like FOMC day! Good trading to you all (and a Happy New year!) - Spydertrader

Consolidation (another flaw), or as Jack terms it CCC, occurs between one FTT and the three End Effects metioned previously. Beginning traders also hold through this flaw - as all the other flaws. Had you followed the advice given below .... Eventually, you would have arrived at this...

Does this help? <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1310652>

Lets assume, in real time, a trader did identify that bar as an FTT. What happened next? We see an FBO. What do we do as beginner traders on an FBO? We exit, and wait for another FTT. A few bars later we get one, and we are back on the right side of the market. - Spydertrader

I encourage you to "forget what you think you know" for the time being. I do not intend the statement to be taken in an argumentative tone. I realize you disagree with the assumption that volume leads price, but the answer to your question (at this stage of the learning process) is volume. At...

I refer to BO and FBO as end effects (along with another FTT). In other words, I look for what occurs after an FTT. For the purposes of this Journal, I define an FBO as failing to break out of the right side trend line, or after doing so, fails to remain outside the trend line (right side) for...

Accidents of the examples. I did not take your question as flippant. The 20 SMA won't fall into a 'Rule' Category in the normal sense. The 20 SMA appears more as a mile marker or sign post - providing context along the route travelled. I'll have more on the 20 SMA when we discuss the DOM /...

Thank-you for sharing your efforts. I frequently use this spreadsheet to update my charts with the individual Earnings Dates. - Spydertrader

FTT's work in any market. Eliminating directional bias from ones trading provides the basis for Journal III. If you seek answers to how a "long only" bias performed during a bear market period, I recommend reviewing Journals I & II for your answers. This question has been discussed numerous...

I have quoted the above text in an effort to remind everyone of the expectations for appropriate behavior required for thread participation. I encourage liberal (and frequent) use of the ET "Ignore" and "Complain" features in an effort to respond to inappropriate commentary. Adherence to the...

I do not include "pre-market / after-market" hours on my ES Charts, nor do I feel the market requires a trader to wait four bars for 'sync' to take place in order to place the first trade of the day. Certainly, geopolitical (and other) influences do play a role in market participant psychology...

The Syllabus January 1 - ES Chart: Price, Volume, Channels and the FTT February 1 - YM Chart: The YM leads the ES? March 1 - STR / SQU (Stretch - Squeeze) April 1 - DOM (Depth of Market) / Time and Sales May 1 - TIC Charts and Two Pairs June 1 - Flaws Summary July 1 - Putting it all...

Back in the mid-1990's, one of Jack's students coded an automated Equities Trading program. The student gave a copy of the program to Jack, but Jack never used the program. For those of you who have read the USENET and MSN posts, Jack referred to this program as 'The Floppies.' By clicking the...

Excellent observation. I could not have said it more clearly. - Spydertrader