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Then you need to tell us the rigorous definition of an FTT . :)

How much annotation/observation have you done in real time?

IMO you don't ever KNOW that it is the FTT that will end the trend. You never KNOW what the market will do next. But you will learn what to anticipate. Then it's all in how you manage the trade by applying the continue vs change analysis for your resolution level.

:) I know you only speak your personal opinion and I have really appreciated your contibutions. Like I said I was wondering what Spyder had intended because there seem to be different views that are based on the level of confirmation that the individual wants as a trade trigger.

cnms2 - Now I am confused about the BO trigger that Spyder had in mind in this quote: "However, none of this matters until Price breaks out of the formation (and the High / Low of the previous bar)..." I take the "formation" to be the apex (red/green lines) and the BO point to be the H/L...

ok thanks. I have taken the view from recent syllabus material that perhaps we should now be focusing more on the formations for change vs continuation input, and less on FTT/Flaw differentiation. (Obviously this is resolution level sensitive.) Another quote from Spy: 09-21-07, 07:45 PM...

good job on your first chart posted. I see some trendline detail items but your Gaussians seem to be the greater issue. 1) can you get your volume bars in synch with price bar color? It looks like they are coded for black = > volume than prev bar and vice versa for red. 2) I don't understand...

"for a SYM, although I would expect the first inside bar to be > 50% of prev volume". Where did you get this idea? All I recall from this journal was to expect reduced volume on the inside bar(s). Once you recognize a potential pennant this quote from Spy on 09-21-07, 05:44 PM EST, pg 997...

thanks, that is now clear. I thought he was making a reference to the PT1 originally labeled.

thanks I can't recall for sure, but it appears that 10:55 broke the previous bar low on increasing PRV as it came out of a sym pennant. I seldom have the patience to wait to bar close. This is a problem for me because many of these do pop right back into the formation as this did.

:confused:

I agree this is the best way to insure being in all of the bigger moves and as we react faster to stay on the right side profitabilty shoud improve. How did you handle the FBO? Did you hold long through it or reverse 2 more times?

Spy, thanks - I knew those bars were VE's and not what you meant to label as FTT's. I don't want to split hairs but if the point is to identify an LTL Bounce as a different event than an FTT (while acknowledging that both ID change of sentiment), then please reconsider my question. If the...

I recognize the above and knowing that a change in sentiment has occurred is more important than attaching the correct label. But, how in Spyder's example does one identify the green and orange events as FTT's rather than LTL bounces? I don't see a noticable difference from the example in the...

Eric: I run two instances of AmiBroker simutaneously, both using IB (plan to try IQF later). One is a tick database for tick charts and S/S. The other is a 5 second database for all other charts. The tick database is set to backfill minimum only (this is only option with IB plug-in for tick...

I installed the latest version last night and it seems to produce a nice DOM graphic. There are other chart windows and order execution features, etc available with this but this is all I have set up. Note the eSignal data manager wants to run as default. I guess for charting, but since the DOM...

Anyone try QuoteTrader which was mentioned here some time ago? It has a DOM chart feature. I installed it but didn't have the patience to get it running. http://www.quote.com/quotetrader/

don't know about your data but its easy to see why your channel is different. Looks like you took Mak literally about "anchoring critical points to the RTL" in your point 1 selection of the 12:45 bar.

Lots of this stuff doesn't "strictly fit the rule" so we just apply what we can. We know we are still within the shadow of the 13:15 OSB, in some type of Lateral, and at the verge of BO/FBO of the RTL. As the BO's came on decreasing volume I determined things were not fitting the model of what I...

Today's ES edit: sorry for poor quality, my Snagit has problems in Vista OS