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I was really looking forward to the $25 mini dow. I have been disappointed by the lack of enthusiasm for the product; it's so thin as to be untradable intraday. I'm really skeptical about new products engineered by the exchanges. It generally takes a good deal of time for players to recognize...

For those of us with Interactive Brokers, a search for "ER2" contract shows listing only on GLOBEX. Is the russell contract traded on ICE accessible for IB customers? The real issue here is volume. For myself, the transition point is when regular session trade volume on the ICE contract...

Hi PointOne, thanks for your feedback. In the case of a pace increase, what you suggest seems logical. However, let's keep in mind what the purpose of our channel really is. Our objective is to create a seamless flow of tape to tape, channel to channel, catching the reversal points as...

This post is somewhat of an extension of the previous post. What I am examining is the possibility of channels within channels ON THE SAME FRACTAL. If you look at the illustration, a 1-2-3 is formed with longer-than-average tapes. Keep in mind that a tape, composed of a sequence of individual...

In this post I am looking at the FTT. If you look at the attached image, when an FTT forms, one could designate the FTT as a pt. 3, with pts. 1 and 2 already residing on the LTL and RTL. Documentation suggests, however, that an FTT should be a pt. 1. In the case in which the FTT is followed...

In this post I am examining pace increases and decreases in a channel. The image attached illustrates examples of both. In the first example, we have an up-channel that experiences a pace increase. My observation is that this only happens after a volatility expansion of the original LTL. The...

Assuming that the cases established from my previous post are correct, let's look at some price action. In the attached image, we see that 1) a valid up-channel has been formed from a 1-2-3. 2) After the 1-2-3 forms, price attempts to retrace, and does so deeply. 3) After the retrace...

Ok. I have been looking at how the tapes form from price action, it's really not that complicated and can be readily captured in code. I'm still looking for clarification on how channels form around some tape formations, so I hope the experts will shine the light. In this first post, I'm...

No problem. I'm not posting much because I'm busy trying to get this code right. There are so many levels of intricacy to get tapes correct it's difficult to organize. RoughTrader

Forgot the attachment

Testbench: @ES 30m bars, 2 years history Slippage: $0.00 Commisssion $2.50 / contract / side Performance report is attached. If anyone can tell my implementation is not as Jack had intended, please let me know and I'll make adjustments. I'd be interested to see the details of the...

This is my code: Variables: SessionMark(0), InitMark(0), TickValue(MinMove / PriceScale); SessionMark = IFF(Time = CalcTime(SessionStartTime(0,1), BarInterval), 1, 0); If InitMark = 0 and SessionMark = 1 Then InitMark = 1; If InitMark = 1 Then Begin If MarketPosition < 1...

Yes, it's quite easy using stop orders. I doubt it would be profitable though. I'll code it quick and post the results. RoughTrader

Thanks for all the input guys. My work doesn't move that fast though. First tapes and channels. I am making sure to spend time to make sure the code captures the correct method of construction. RoughTrader

Awesome, thanks for the post. I'll dig into this some more. Right now I am making very good progress coding tapes and channels. It's actually not straight-forward as the channels need to be adjusted depending on how the tape moves. RoughTrader

Spyder, I find the posts of the detractors quite amusing. Amusing in the fact that so many don't even take the time to pause and think about what they are writing before they post. The simple truth is, it is HIGHLY unlikely that any individual would continue posting diligently, year after...

Thanks so much Jack, I appreciate the words. Already in the short life of the thread I have received advice to give up simply because others have failed in their attempt. I pay them no heed. I will examine the journal more closely regarding this and other issues. Have a nice Labor Day...

Are you referring to "Channels for building wealth"? RoughTrader

My general experience is that there is no one technical holy grail that sets itself completely apart in ideology from the vast sea of trading strategies in existence. Many different winning strats revolve around the same general "edge", and many losing strats suffer from the same general...

Case 3 is an illustration of a CCC occurrence. One could potentially wait for the BO of the H or L of bar 1 to form a tape with defined slope. The alternative, as I suggested in the example, is to start taping after bar 1 bar-to-bar. This would imply bar 1 is ignored. To take bar 1 into...