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Hello all, Today was a really good day. I exited of of GSI for +20% , which was a GREAT easy trade. I had only given the chart a cursory glance, but price and volume were just too obvious to ignore two days ago. I am also learning to pick out mistakes and get out of them quickly. I...

Hello all, I had to take a break for a few days to catch up on some personal stuff. Priorities. Anyway, I have some reading to catch up on, but I wanted to make sure I took the time to thank everyone who contributed to the discussion on CZZ at the end of the week. Going into detail on the...

Ahhh... so my problem was that I had mislabelled an FBO as a BO, and then missed the next FTT and proper BO. Would the attached chart be correct then? JF

Thanks Tobbe! :) I can see that channel you drew in very clearly... now that you did it ... but if you do not mind my ignorance, how did you determine point one in that small down channel? JF

Well, Today tarted pretty badly, but ended up ok, thanks to all the channel work I have been doing, actually. I had been in on BKI for two days. It had been up 6%. I held onto it with a 5% stop today because yesterday it had decreasing volume. Well, it hit its stop pretty early, which...

I see what you mean. With the larger trends in as well, it helps see how these smaller channels fir into the big picture. Which do you find is easier to do first, the macro or micro trends? In other words, is it easier to drill down into the details, starting with the big picture? ALso, I am...

Hello all, I have been absent for a couple of days. Had kind of a rough week trading..... getting WAY ahead of myself. Making old mistakes that I thought I was over. Anyway, back to basics and learning trendlines. I am posting a chart for an equity which will probably be in DU tomorrow...

lol :D Noted and understood! Thanks again JF

Another questions as far as tactics go while I am learning to draw these channels. Is the video, Bundlemaker makes the point that one should start drawing channels immediately. Once the basics are down, he then suggests ACTING on those channels, and not worrying about being wrong. You'll...

Hey all, I have watched the channels video and am reading and rereading the channels document. I am going through the daily charts of my Final Universe and drawing daily charts. I have two questions, however. 1) I understand that pt1 of a new channel occurs at the FTT before the bars...

This may deserve thread of its own, but I was wondering why there seems to be some.... animosity towards Jack and Spyder elsewhere on the board. This is pretty much the only journal I read, but I was parusing around and found lots of people trying to "disprove" Gaussians, etc. If a theory does...

Someone (thank you) has PM'd me a video. I am watching it now. :) JF

WOoHoo!! I was hoping one would happen EVENTUALLY. (It's been almost a year since my first trade). JF P.S. All due to the hard work of everyone before me!!! THANK YOU! :)

Just a quick check up of some basics, to make sure I am getting them. FTT - This is when the price FAILS to move from the RTL (NOT the left) to the left. This is THE indicator of change. It is always followed by FBO, BO, or another FTT. FBO - A Failed break out after an FTT. Results in two...

Hey all, I have done very well the past two weeks. Unfortunately, I have not been keeping a careful journal, so that is resolution 1. I need to understand what I am doing different the past two weeks. I am reading through the futures journal, and I think beginning to absorb what it means to...

LOL... A whack in the head is just what I needed :) JF

Hey all, In the beginning of the Futures journal, there is a link for "Determining Trend" which is non-existant. Does someone know where it is, or if it exists anymore? Thanks JF

Just looking for some suggestions here.... I have just had a very good day, but I am exiting most of my positions and feeling frustrated. I have about half the gains I could have had. Does it get easier, as one learns more, to detect when to get out and when to stay? I thought about getting...

"Sigh" I get the feeling the "lesson" you are hoping I will learn is far simpler and more elegant than my overthinking is allowing me to see... :) JF

Just a follow up to my last post, I exited from PSEM today because of it's five minute chart. Why? 1. I was watching the stock closely because though it is going up a channel, and has had three black bars in a row, yesterdays volume showed a decrease. The stock has done this before and then...