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ym so far

Spotted the FTT at 09:45, no problem, but completely lost the plot after 10:20. Every FTT seemed to fizzle out, which in hindsight turned out to be a very volatile LTR traverse. The 5 min seemed “too coarse” due to the high volatility, and I ended up widening my long channel 5 times. I found...

ES 28 Feb 2007 Felt much more in tune today. Taking more care with gaussians.

Up until 10:50 I found it quite difficult to see the dominant direction but things became clearer from thereon. I spent the day annotating, which is going pretty well, but I am tending not to draw in steeper channels so this is something I will pay attention to. I also spent a lot of the day...

Spyder, I have a question regarding a couple of FTTs marked "ftt?" and highlighted in yellow in the attached chart. Having noticed the pause in price prior to reaching the LTL and a potential gaussian peak, I felt that both qualified as potential FTTs. With hindsight, I realise that both were...

ES 26 Feb 07

This is all I was trying to clarify. Whether you actually enter on the FTT bar or on the subsequent bar. Clearly the latter, when price begins "moving in the other direction" and prv is available for the decision process. :)

So you enter/reverse on every bar with peaking volume that does not not reach the LTL? Interesting technique.

Although price did not reach the LTL on the bar you describe, what is the indication that the very next bar would not continue on towards the LTL with increasing red volume? How can it be labelled an FTT without SOME indication of what the prv is on the next bar? The fact that a bar with...

ES 23 Feb 07

ES 22 Feb 07 Trying to improve anticipation of each pt 3.

Spotted the FTT at the 10:30 bar, took the strong b2b prv at 10:55 as an indication of pt 3 on 10:50bar , went long 61.50 and ran straight into the FTT on the 10:55 bar. Low red prv on the 11:00 bar convinced me to hold (still inside channel), and then exited at the close of the 11:00 bar, 2...

ES 21 Feb 07

Increasing prv on ES or YM against the desired direction and/or a break of the high of the bar that was thought to be an FTT. At this point I change the FTT notation to WTF.

ES 20 Feb 07

ES 15 Feb 07

ES 14 Feb 07

As I understand it, that is the theory. In practice I find that I can often lose at least a couple of ticks in both directions, having also decided that the decision to reverse was incorrect. Flaws can be tricky. As we only have prv to assist the decision process, it can be quite misleading...

update 14:24

ES so far, 11:35