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    I am getting my butt handed to me on a daily basis!

    Next step: Trend continuation. From the "Volume Test Procedure" I go next to the "Trend continuation" box. While I could follow you until the volume test procedure, I get my first "WTF!?" at the "Trend continuation" box. This box is a test. As a trader I am somehow supposed to know if the...
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    I am getting my butt handed to me on a daily basis!

    Hi Jack, while I "think" that I understand your current method conceptually and more or less can see the ABC, the letters, words, sentences, etc. and how everything fits together, there are still a lot of wholes which need to be filled. As a mental start for me let's look at the three...
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    Channels

    So in THIS example Jack was right. ;-)
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    Channels

    I didn't read that. I only read that the LTL is not the place where trends change. It can a) create a VE b) retrace and c) move laterally. Now I'm inventing again!!! Put price in containers... at all times... decide which one you want to trade.... at the FTT of that container exit or reverse...
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    Channels

    This is the old question: Is it a retrace or a reversal? Looking at some old JH statements you will find: 1. Trends don't change at the LTL! 2. Trends change direction in between RTL and LTL. Hence FTT, failure to go from RTL to the LTL Taking profits (at the LTL) accoring to...
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    Channels

    :D Thanks! That is true... especially as again you didn't post anything about how you use channels. ;-)
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    Channels

    Thanks for that! First as a disclaimer: I probably wouldn't be able to do it better! Now let's bitch: That was a lousy trade!!! :D Do you realize how your focus on your indicators HH's, LH's, DB's, support, resistance, etc. is clouding your view and judgement? Do you realize how if...
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    Channels

    Moderator...would you mind and please post a chart so that we understand what you are talking about? The interesting thing would be how you create your channels: Where is your point 1? How did you determine it? Where is your point 2? Point 3? How is your channel approach different from...
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    Channels

    "... "Smart Money" offers leading indicators of ES price at the following locations on the display that is advocated by the SCT trading: ES volume, ES volume bouncing ball, YM volume, YM bouncing ball, YM price, T &S, DOM button, DOM 4 games, DOM stalactites, Stretch/Squeeze display (using...
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    Channels

    So Handle... while you are here... how would you draw channels in general and in the examples above specifically? How would you know that a (channel) segment ended? I mean how would you know when/where to exit or even reverse trade direction?
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    Channels

    Interesting! How do you know that the first bar in that chart is NOT a "POINT 1"? You intentionally said POINT 1 and not P1. How would a trader know that the bar he chose is not a point 1? At what bar would he have noticed it and how? So the top of bar one is not even a point 1 in...
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    Channels

    Not too many channels in a "Channels" thread, yet. Enclosed is the beginning of the day for the NQ. I chose it because I see some guys in another thread drawing interesting lines, sometimes channels. Do we agree on how a channel needs to be constructed? I chose a Point 1 on that chart...
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    Channels

    I have it somewhere but could only find this quickly: Order of events: 1. OOE of the OOE's 2. OOE of the primary 3. OOE of the secondary 4. OOE of the bands 5. OOE of the volume test procedure I don't follow Nodoji or Al Brooks so I don't have that.
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    Channels

    Toolazy... don't be TooDumb! Even if you don't understand immediately what Jack is talking about make sure to at least archive his posts before some crazy moderator or admin deletes them. His posts are like pieces of a big complex puzzle. You don't know and don't see immediately how and...
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    Channels

    While I agree with your "Thank you for your efforts!", I have to say that your noble plan mentioned above is flawed. There is no doubt, never was, that you can teach PVT or SCT to a fifth grader. You can even teach to a four year old that money is made going from RTL to LTL. Easy. Now try...
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    Channels

    Here is the graphic of what I was talking about... I think in the "Rubber" thread you told me how to draw the lines when a VE occurs. I will try to find it and compare what you said then with what you say now. :) When I remember old charts then people still continued to extend the previous...
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    Channels

    Interesting. If I only look at channels and FTTs, so no EE's, PP's, etc. meaning I only put price into channels/containers, then the top of bar 13 would become my Pt1 and the bottom Pt2, etc. The reason would be that I would try to follow/encapsulate price as close as possible so that I can also...
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    Channels

    Is this one suitable?
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    Channels

    What do you mean by "reset the channel points"? All of them? What happens to the previous RTL? Do we still continue to extend it into the future while we draw a new, steeper RTL? The same for the LTL?
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    Channels

    What is the difference for you between "right trend line" and "right channel line"?
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