Search results

After identifying a potential FTT and entering the trade, price will sometimes retrace beyond the entry point prior to completion of the current bar. Does one exit, hold and hope or reverse? If so, when? Have I entered at a hitch, dip or stall by mistake? In this situation it is difficult to...

This does raise the problem of identifying a BO and FBO in a timely manner also :)

As price progresses from right to left within a channel, the task is to identify a potential FTT. Assume for a moment that we restrict our tools to channel lines, price bars and volume. Until the high of the current bar surpasses the high of the preceding bar (assuming a long channel), then the...

As far as I am aware the "exact mechanics of the FTT" have not been defined. I am trying to use peaking volume to help identify FTTs but frequent incorrect FTT identification means that the majority of my days are a string of small losses/whipsaws. Extremely frustrating.

Excellent post :) Thank you.

I understand the need to look ahead in order to assess the context and anticipate the turns. However, the view ahead is far from clear for someone lacking the skill set such as your own, even on the nursery slopes. When skiing or driving I can usually see clearly what is ahead. When trading I...

At what point is it possible to identify an FTT? (a) do we wait for the break of the end of the bar? (b) do we attempt to identify during the formation of the bar? Option (a) is the clearest but will often lead to multiple small losses (whipsaw), particularly in the event of congestion or...

If anyone would like a 5 min prv efs for esignal, the following routine calculates and displays prv on a continuous basis, behind the volume histogram.

On the short trend beginning at approx. 11:30 we had several occurences of volatility expansion, widening the channel, until we reach 12:25. Presumably, at some point during the 12:25 5 min bar (low of the day) there were sufficent factors to decide to exit the short or reverse. We clearly have...

Jack Thank you for the detailed annotations. I am familiar with "BO of bar 4" rule and see the BO occurring on bar 8. I assume this was the reason for using the low of bar 4 as pt 1 and the low of bar 7 as pt 3. In effect, we do not have a pt 2. I am comfortable with the concept of using...

Jack I have a few questions regarding your ES chart for Friday 15th Sept. Was the first long channel formed from the low of bar 4 (pt 1) and the low of bar 7 (pt 3) drawn as bar 8 broke above bar 7? I see that you have used the high of bar 4 as pt 2. Was this because bars 5,6 and 7 were...

Oddi I am truly glad for you. As Jack knows , I spent several years patiently getting to grips with his methods for equities and ES. I very much regret that I was unable to achieve any form of consistent profitability. It certainly wasn't for the lack of trying :) - I do not wish to imply...

It is such a shame that you all have to make this so complicated. Whatever happened to KISS?

Connectivity problems again today. :mad: This is getting to be a very poor service.

esignal down again today. :mad:

Anyone have any comments on the "Simpletrader way" Paltalk room?

14:16

That makes a lot of sense to think of the matrix in terms of trendlines instead of raw price and volume. Eliminates a lot of the “jumping around”. However, I would have assumed that P” is the rate of change of P’ i.e. the rate of change of the slope of the right line of the slow fractal...

Seem to have lost the plot...