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I see better now cnms, I had just never heard the term "bar BO" before on this thread, which if I understand correctly you interpret as one bar having a lower low than the prev bar.

This is how I would have seen it (my stuff in orange and purple): <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1624793">

It looks to me like the first PT3 should be where the first PT1 is marked, no? It would be one of those "FT3" entries. If that were the case, you'd be looking to get in on the beginning of the bar you have marked as PT2, and this in fact would be the moment at which PT3 had been recognized...

Yes, you can see me adjust it a couple bars later. Just a projection. In ensign you have to create both parallel lines at once, and I didnt yet know where PT2/3 were.

Been trying to internalize spy's formations more, the stuff I leave off on my charts... So I made a video version of his chart, with identical annotations... Check it out: Ignore the sim trading window as I can see the future on Spy's chart in my other monitor! :-D That part was just for...

lol, you sure like those PT2 entries cnms :D

EOD

sure enough... <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1623216">

And what happened next? <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1623203"> Now the same thing in the opposite direction, +prv black for the BO, then retrace then PT3. "Business as usual," as Mak says :cool:

Nice spot to look for a PT3 :cool: <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1623105">

today so far <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1623090">

Totally understand your point... but your example isn't very timely as you identify your PT3 not 1, not 2, not 3, but 4 bars after it happens. IMO this seems not less risky, but more risky. You're lucky you didn't get in at the veeeerrrrryy end of the move. Yes, the closer you enter to the...

It seems, from my perspective, that you are trading the "super-forest" PT3s, which IMO would be much harder and more frustrating. The PT3 you entered on on the "super-forest" looked to me like a PT2 on the "forest," which might put you on the non-dominant side of the market (sort of, I see you...

I think you both have interesting & possibly valid points. Have you done any empirical research on the strength of YM lead str/squ signals vs. cash lead, or are you making an intuitive leap because you want less noise?

Interesting... STR/SQU flaws. Very intuitive, actually. Thanks for those insights, Mak.

bi9, I would ask what made you look at STR/SQU during this time period? If it was a "nice run up," I would think ES/YM/PRV would provide sufficiency. We are not at an RTL or LTL, but rather in the midst of a sweet, sweet traverse. Though I too am curious why we would get SQU during this...

I like to run a clean ship, so unlike some I adjust/delete things as I go, leaving lines that are irrelevant to the present (old tapes) or that clutter my mind out of the picture. They are unnecessary for debrief since I often record video anyway. Nothing makes me cringe more than a spaghetti...

on a happier note, today's chart!

I for one thought it was understood that we are in continuation until such time that change occurs. I'm not sure how explicitly this has been stated, but I don't think this idea has been too hidden from view.

I only use Ensign for the superspeed playback function which lets me warm up if I am rusty.