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That bar was just mean! Hard stuff. One indication: at LTL there was no LTL bounce, no FTT. It does not happen very often that price breaks RTL without a signal of "change" although it did happen this morning. That bar was in fact the FTT: change. Seems like it was a day of tapes... I...

So were you ever down or you only have small profits all the time? I ended +3 but in the end there were a few big losses (-3, -4) and then a big gain (+10 or so). regards, Ivo

Nice.... What about this pathetic trade: 20:34:55 short at 1421.25 Very good timing again. I saw everything perfectly. Price went down a few seconds later. 20:35:34 closed position at 1419.75 at a profit of 1.5 So I closed after half a minute for no reason, the exact same bar price...

Yeah I have a green lateral channel... I think the thing to do is just to watch the sym pennant. I also saw the B2B. If a retrace goes that far (100%) and you see increasing volume you know it will continue. Anyway I thought I saw a point 3 down somewhere along the way but then quickly...

Weird day. Weird chart. There was no point3 down for the strong move between 9:55 and 10:10. I guess 10:40 was an attempt but that would not be a very steep down channel considering the good volume... Besides 10:30 bar showed strong increasing black so 10:40 really confirmed the uptrend as...

Exactly. If you see the whole thing as a flaw then you are right. Another thing I agree with now is that if the next bar (after change) does not have decreasing non-dominant volume better close the position assuming you opened one when you saw change. However, flaws after an FTT or LTL...

Hi David, I agree with everything except for the following. >Assuming that one went long at the close of the 15:40 bar >(1419) one should be anticipating a rally with decr black vol. This doesn't have to be the case. Another option is that a flaw would follow the FTT so in this case a...

Was there anyone here who thought the 15:40 bar was change? What is the correct thinking here? Volume too high for it to be an FTT? Channel was very steep and there had not been a retrace yet so expect another pt3 down? The next bar (15:45) had flaw volume so had you gone long at 15:40...

Chart for the morning. I caught the 1st point three at 1445.25 and stayed in until 1449 and a couple of (easy) points on the way down. If only I had reversed right there at 1449 :-) Sometimes you forget the best exit is the best entry to the other side. You are in position and you know...

The 11:30 bar confused me. It seemed a 100% FTT to me. Price did not touch (my) right trendline and volume was lower than the previous peak at 11:00 + the bar closed below the high that was made at 11:00. In your chart it was just another VE... Seems much more clear. However, I went short at...

I agree sitting thu the retrace is the best. But not always easy. If you close position somewhere between point 2 and 3 there is a chance you think you see new (mini) opportunities etc and start doing stupid things. (that's what happened to me). The result is you lose everything you just...

Your charts are really great. Ivo

My chart for the morning. The current situation is we had a BO but volume was decreasing all the way so I anticipate a wider downchannel even though price broke thru ma20. I could be completely wrong of course. However, also the blue upchannel (I forgot to draw LTL when I took the...

Thanks. I noticed YM. However every YM bar had increasing red until then. I just expected a small pause and while monitoring each and every bar actively I got no indication of change. Indeed breakout on incr volume was the (last) clue I guess. regards, Ivo

Ok, thank you. I will review these posts. I think somewhere halfway 14:55 bar I should have known the short was over.... Also because 14:55 shows an square odd harmonic + price went up quickly on incr. volume. Then it crossed the high of the previous bar meaning we could not have another...

Hello, There's something I don't understand here. Please note the first arrow in my chart (14:40 bar). Looked like a typical flaw to me. In fact, if this is not a flaw then what is? I didn't see change. No FTT. So if you have a position you can only be short right?? So where did...

Hi, This is what happens. You really need to experience different market situations else you might think days with long lasting trends are the only thing that exist. Today was not even that choppy but it sure was a day of taking profits relatively quickly, for me. I missed the big move at...

Haven't posted a chart for a while. So here's mine for this morning. Currently I am expecting a point 3 down because we broke out of the blue channel. Maybe we already had it (FBO red channel) I think I was a little early by drawing the lightgreen one. regards, Ivo

This is dangerous thinking. I call it a "zero bias" and I also have this problem (assuming it is a problem; well for me it was) although I think it's under control now. When you're down after 1 or 2 trades all you do is trying to make up for the earlier loss often causing you to jump into a...

:confused: FTT's always occur on or after decreasing volume. For example checkout 10:05 bar in the image above. Low(er), decreasing volume = change. Fewer people particpate and price has to go to new areas to meet supply and demand. High volume in the direction of the trend = continuation...