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Spydertrader, Looks like a great program, looking forward to it all. Glad to see some of the original crew posting and taking part as well. Regards - EZ

Wishing everyone here a "Mele Kalikimaka" and a special thanks to Jack Hershey and Spydertrader for all the help and support they've been generously providing to everyone here.

Nice trading. I'm always too late on the turns at this point, waiting for just a little more confirmation. One of the hurdles to getting closer is getting more comfortable with having to wash. As washing becomes "no big deal", there's more confidence in going in sooner. As you get...

Found a post that sorted out the FTT to FBO - BO confusion (for me at least), hope this helpful. Starting at #3, if you picture the chart unfolding in your head as you read it (log entry example), it should clear things up...

Glad you mentioned this. I missed something somewhere between trading from FTT to FTT and the BO, FTT, FBO. What do you mean by conclusion? My initial thought is the conclusion of a FTT is a traverse to the other side of the channel. Are you meaning after you see the FTT, it could fail or...

Bigmoose, I think the Scientist had the opposite view. He seemed to think that price would follow the size. If the BBid is the heavy side that's the way the market will go. (I was just reveiwing the same post) Opposite the view here that the minority is in control. Regards EZ

So here the FBO's are a failure to break out higher to the top of the brown channel. Regarding the spike bar, was just wondering how close we could get without other tools. :D Peaking volume was a big clue there. Thanks for the explainations. - EZ

Spydertrader, Have some questions on your chart. 1st bubble - Are FBO’s for the green channel or brown. If the brown, why? 2nd bubble - Was that a FTT during the bar, after the close, or after the next bar or two failed to get higher? 3rd bubble - FBO, I don’t see this one...

I'll give it a shot here. The channels Spydertrader has are carry over channels. Sometimes price continues to follow these the next day. (I'm not refering to longer term channels that are your longet term perspective - S/R) So they are a possible guide. Attached is a chart without any...

Spooz, That sereis looks great. Textbook drawings. On some I typically wait another bar before drawing them in to avoid too many redraws, #4, #8 & #9. On #9 or #10, I would most likely re-draw the uptrend, which later turns the lateral into more of a pennant. The whole lateral from...

I believe if you go to chat log and change the date in the url address bar on your browser, you should be able to get the chat from days past. Got that tip from Spydertrader. EZ

And for comparison purposes, here's my ugly chart for the afternoon session :D Left all my lines in.

Spooz or Aurum, If you find that doc (connect the dots post) please post a link to it. I don't remember reading that one. FWIW, I posted another PRV sheet some pages back, pulling together a few PRV and Pace parts: http://www.elitetrader.com/vb/showthread.php?s=&postid=1289958#post1289958

For the people having some trouble with channels I wanted to share some thoughts. I've been trading various instruments for close to 15 years. I'm a bit slower than most so I do lots of drills or repetition to get something down. Did lots of hindsight drawing on channels and tried to do it as...

Spydertrader, excellent reply. Very clear, thank you. EZ

Spydertrader, In chat you mentioned a newbie might see the 10:00 am bar as a FTT during it's formation. Could you go into more detail on why or why not? The YM 2 minute shows the down move of the bar was swift and recovered just as fast. Volume had been sustaining or increasing on...

Thanks for the reply. I'll try the PNG next time. Usually I'm using JPG, the GIF was already in that format. EZ

Thanks, just wanted to make sure I'm not getting off track. EZ

Spydertrader, I have a clarifying question on a chart from the "Determining trend" thread. On the attached chart I added the thick green lines and 1,2,3. As the chart unfolded, that is how I would have drawn them in real time, then later adjusted to the next 1,2,3 (second set Jack drew)...

Another helpful thread "do trendlines work?" starts to get going about here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=47536&perpage=6&pagenumber=7 A key page is here, though it goes a lot further than just the channels...