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Thanks for posting that. It's interesting to see the exact times posted, and then to think about what your thought processes must have been at the time. Yesterday morning I got too caught up in my own thoughts about details and couldn't connect them usefully to the bigger picture (even though...

Me too. In fact I think I could start an internet alert service. For a small monthly fee I'll send an email whenever I"m going to take a little break, and subscribers will know at once that a major move is about to begin. :D

Ivo, Thanks for the feedback. You're right about annotating pts 1,2,3--the more items I annotate the clearer it becomes and the deeper it sinks in. That first 'FTT' was sloppy annotation--I saw price was going to drop on that bar (within 1-2 ticks of the high), so just copied and pasted...

Here's mine. My charts seem to end up looking reasonably like Spyder's, but I really feel like I'm still struggling while doing it. And I feel a lot of stress trying to identify FTT's in a timely fashion but without mistaking an ordinary price fluctuation for an FTT. Any comments or...

Since we expect decreasing black volume during the retrace to the RTL, do you mean an even greater decrease? I found that sequence confusing. I fanned out that down channel bar after bar, then I decided everyone had gone for lunch and it was just going to continue sideways, so I took a...

Yes, I've also noticed that the YM features 'ideal' gaussians much more consistently than the ES. I checked the ES 2-minute a couple of times to compare, and while the pattern was visible it wasn't as clear.

Now I know how you do it - you've had yourself cloned! Thanks for the response. I suppose I 'knew' that, and it will become a reality with greater confidence, which will become a reality with more practice ...

There should be decreasing red volume, i.e., red volume should start out fairly high to pull price back to the RTL, then gradually fade away. If there's too little there won't be a retrace but some kind of flaw.

Spyder, I almost feel proud--I did see that 11:35 FTT, and my small 'aha' moment for the day was seeing confirmation of the new uptrend in the declining red volume of the 11:40-11:45 bars. But I wonder what would have happened if I were trading. I would have had to endure retraces on...

The concept is straightforward, and ideal examples are easy. But in the midst of the action, when channels are being established and with intrabar shifts, spikes, stalls, etc., it's much more difficult. I'm finding I often need to enter a sort of P-V feedback loop, using one as context for...

thanks, I'd already downloaded the compilation, but hadn't gone through it yet. Will do!

Spyder, how do you know at the time that bars like 11:05 and 12:55 are not FTTs, while bars 11:15 and 13:05 are? And if one has made that mistake, how does one recognize the mistake and correct it before price comes back to or even beyond the decision point? thanks, palinuro

Pr0crast, I remember you posting instructions on how to do that, but now I can't find the page. Could you provide a link? Thanks, palinuro

Yes, it definitely does, thanks. palinuro

Spyder, That's an extremely helpful chart, it'll make a great reference. I do have a couple of questions about it. According to the beginner rules, we enter on an FTT and exit on an FBO. Doesn't that mean that in the blue section with multiple FTTs/FBOs we should reverse on the first...

And here's mine--did the price bars before drawing in the gaussians, which I think was a mistake ...

A somewhat troubling technical point. Toward the end of the day my volume values are very different from those on Spyder's chart, and to a lesser extent the relationships. (I've also noticed pricebars with different closes and opens, though that's generally minor, and if you're...

Hi Spyder, I've been playing catch-up for the last couple of weeks, so I'm sure a lot of my difficulties will be resolved with more practice (though I'd be happy with a couple more weeks before adding new tools!). But since you ask ... When the market proceeds in a fairly orderly way...

Absolutely. Yesterday I really concentrated on the volume gaussians, and this was exactly my 'breakthrough'. Bars are arbitrary divisions, and their coloring can also be arbitrary. In fact, you could have a series of black bars (C>O) while price steadily declines (C2< C1), and you...

mischief, Thanks for posting the info and the Amibroker code. I've been thinking of writing an autotrading program in WealthScript, and that will help me work it out. Have you actually been running the autotrading program, and if so are your results anywhere near the backtest results? I...