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Spyder, I am getting very confused as to what constitutes “forest level” trading. I would not have seen pts 1,2,3 on the 9:50,9:55,10:00 bars as “forest level”, or the same for bars 10:10, 10:15 and 10:20. To me these look like tapes, not pt 3 channels. To see a pt3 channel across 3...

ES 19 Mar 07 Managed to recognise most of today's pt3's far too late to make use of them. Also, did not recognise context of carry over channel.

ES 16 Mar 07 3 trades, -0.25, +6.5, +3, gross +9.25 The first pt 3 was wobbly but managed to nail the other two. :)

I try and focus on the channels that best correspond to the 5 min gaussians. When Spyder introduced the forest rules, it appeared to me from his examples that we were meant to operate on the pt 3 channels but I may have misuderstood.

I have two so far.

It may be my imagination, but there seem to be many more points 1,2 and 3 on today's chart, many of which do not seem to relate to the 5 min gaussians. Is this "tree/leaf level" annotation?

ES 15 Mar 07 Annotations seem to be going ok but resuts on sim are dreadful. Only looking at P&L at end of day. 12 trades today. -4 pts. Lots of small losses.

ES 14 Mar 07

ES 12 Mar 07 Finding it difficult to see the pt 3's in a timely manner. Frequently find myself entering during HVS or CCC or miss the boat completely.

Failed to spot anything until 14:10. Took a nice ride short and then tried to short again at 15:00, 15:10 and 15:20. Hit 3 RTL breaks in a row. Seeing the b2b I took at long at 15:30 and ran straight into the FTT. Down for the day :(

ES 7 Mar 07

ES 6 March 07 Began with a horizontal channel but found the groove later. Still not catching the pt 3's.

I saw this exactly the same way. Having annotated the FTT at 14:30, I was looking for my pt 2, which I assumed was the high of 14:45 with the b2b. The retrace with reducing volume at 14:50 and 14:55 had me looking for a pt 3 long and as a consequence I completely missed the point 3 short...

Spyder Could you please explain why you have labelled the 10:10 bar as a green FTT? Thanks

Spyder Any particular reason why you did not annotate the 13:10 bar as an FTT and the 13:15 bar as an FBO? Thanks

ES 2 Mar 07 Struggling with the increase in volatility.

YM

ES 1 Mar 2007 I frequently mistake a traverse for a channel and vice versa. It is often the case that a wide channel will have wide traverses which also have clear "micro-traverses" within them. So, I end up mistaking a traverse FTT for a channel FTT but the traverse just ends up wider. This...

no worries :)