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Ahh!

I entered short soon after the open of that bar and closed for a loss before the close of the same bar. I was attempting to answer the quiz with the three signals I saw. Perhaps I should have been more specific. At the open of this bar I was anticipating a point 3 down to show up soon. ES...

My view of the morning attached. "2a" got me, did not take "3".

Ang, Your 1 wash there was better than I did. I reversed long on the same bar you entered (2 ticks worse as I was a bit earlier). Held through the sym then reversed short on the OB as it was showing inc prv red for the first loss. Then back long on the OB for the second loss. Then...

I do not think the purple channel is valid. In that situation either fanning the red down channel or rolling the channel out (attachment) where the last pt3 becomes pt1 would give a better picture. By rolling the channel out the 14:15 bar is where I was looking for a pt2 -> pt3 of a new up...

This is my take on how the volume might look. If it is close I will annotate and show where not to take trades (ie. where I would have taken trades) :) <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1822491">

I am confused. Are you saying that in the first annotation, more inc red is not what must come next? What are the other two possibilities?

Trying to get this attachment again... I see two possibilities.

This is probably not help, but here is how I saw that area. Also, a question of my own: Does the down channel starting at 10:15 qualify as a "chubby tape"?

The second bar I referred to in the last post: ES price retraced across the channel and formed a FBP, then a lateral. YM price breaks the bottom of its lateral on inc PRV as does the ES, go short. ES pops back in the lateral, so back to the YM which runs up forming an outside bar headed...

I feel like I am making some progress, but I am still unable to hold through a lateral on the ES. Two bars today got me on the wrong side (not the only two, but I see the problem on the others I think). But for these two bars I can't see where I read them wrong. Hopefully someone can shine...

Thanks for the reply, but after several readings I don't think I am getting the point. What you are saying fits with what I was thinking at the time, but I still ended up on the wrong side for a minute or so. I saw inc prv as the Ym broke the lateral, went long and started monitoring for...

Spyder, I have a question on the FBO of the YM lateral 12:28 bar. At the time this bar opens the ES is still giving permission to check the YM and the YM breaks out on inc PRV showing change. At this point the ES is moving up on dec vol (still in the dip/lateral) showing continuation. I...

Point taken. I will attempt to be more exacting with the text annotations, both for myself and the clarity of others who wish to comment on the charts. Also, after rereading my first post of the day I see I should have said "hope to REPLICATE" not "demonstrate" as I am hardly in a position...

This is a sequence of 5 images from a few minutes ago. I am going to break down what I was thinking at the time of each image. Please excuse the delayed annotations, my finger is on the screenshot button to catch the points I made decisions. 1. Context coming into this: ES just broke a...

Sorry it has taken me so long to respond, I have been consumed with re-reading and with chart replays. Thank you for taking the time to post those questions. The questions themselves make for good advice when I review them. In a nutshell, it appears my big problem was looking at the wrong...

To be honest I am not sure where and when the confusion sets in. I have compared our charts today and did find two gaussian errors on my part (at 9:10cst, and 9:45cst). Also, I ended up with an extra down channel starting at 13:20cst. I always seem to end the day with a chart that matches...

I want to start off by saying thank you to Spyder, Jack, and everyone else who has posted charts and discussion in the futures journal. I have been struggling with futures trading for several years. Never losing a lot, but never making a lot. I have always been a breakeven trader (thus my...