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Hi Spyder, First FTT of the red channel, why is this an FTT? Shouldn't price touch the right TL first and then fail to traverse to LTL before it's an FTT? I don't understand this.. thanks, Ivo

Hi KK70. I experience the same thing. The process is all that matters. An FTT is an early sign and it's impossible to tell how far price will go in your direction after that. We just focus on change and continuation and even change doesn't mean you make profits because the current (fast) channel...

Hi, I would like to share an observation. When drawing channels we first draw the right trendline (RTL) then we clone it and place it on the other side of the channel and we use the farthest point away between the points we used for RTL (point 1 and point 2). Today I was wathing...

Thank you Spyder. I think I ignored the carryover channels somewhat but understand their importance. I was reading in the pdf that pr0crast created last month (wonderful piece of work BTW) and in the end some notes were included of the January Tucson meetings. There it says: "Once you have a...

Me too. I like FTT's within one bar where suddenly buyers or sellers come in. Also I like FTT's that are FBO's in another channel at the same time. Ivo

This orange channel I really couldn't see with all imagination possible. What makes you decide to connect Friday's 16:10 bar with todays fifth bar instead of connecting today's second bar with the fifth bar which seems much more logical to me at that moment. However, that channel wouldn't show...

Hi Mak, Thanks for the answer. I noticed my IB data screwed it up. Because of this I did not see the FTT. When I cleared the chart and backfilled it the fourth bar came much lower and I would clearly have spotted the FTT. A question. You talk about playing the RTL. But doesn't an FTT and...

Now that I check your chart and when I redraw I see I missed this first FTT. Price didn't make it to LTL by a few ticks. Drawing the right way really is the most important. Ivo

Hi All, I find FTT's easy to recognize providing the channels are drawn in the right way. For example this morning see the attachment. In the first picture I use bars 3,4,5 to draw the channel. In the second picture I use bars 2,3,6 to draw the channel. Using the first picture one would...

It's the right trendline. If you use RTL as your stop then time is your friend as long as price stays between those lines. regards, Ivo

I also hesitated when seeing this realtime. What caused me to stay on the short side where the following things: - first black bar at 15:35 (actually grey on my screen because open=close). Nothing wrong here. It did not take out the previous bar on the upside and volume is lower than the...

I don't understand this. I draw a RTL and LTL and see an FTT so I expect price to reverse into a retracement or reversal. So what trendline is there to respect? I expect price to break the trendline and to go into a new trend. Or it must be the RTL of the new trend. regards, Ivo

Hi nkhoi, I was studying you ES chart and then noticed you do not include the first bar in your first (green) channel. Why is that? Is there a specific reason for it? I used the 1st , 2nd and 3rd bar to draw a RTL and subsequently the 3rd bar seemed very much like a FTT to me (which didn't...

I would really like to see you or others actively do it (in a camtasia movie for example). Annotating is something for realtime anyway. As the markets are developing seeing this realtime would be very valuable. regards, Ivo

Ok I understand. I suppose we do have to wait for some increasing price action and volume. Because after we open a long position on decreasing red colume assuming we have a pt 3 another red bar may follow..and another one.. I guess in this case YM should give some clues. regards, Ivo

Thanks a lot for your answer bi9foot I'd say we need increasing black volume quickly to confirm the break of RTL and the sentiment change. However, sometimes it's not that clear. I mean, we can see low black volume and think it's just a retrace of the downtrend. The next bar can be low...

Can anyone pls comment on my question regarding recognizing a point three? What are your experiences with this? regards, Ivo

Hi, I have always been focussing more on identifying FTT's than on point 3's. Could you please elaborate on the volume of a point 3 and in general on how to recognize this? I mean, on a downtrend you see FTT (pt 1). Price breaks thru RTL on usually low volume. Then goes up one or a few...

Just some questions, You mention on the charts taped FTT's But aren't the bars at 12:35 / 12:40 and 13:00 / 13:05 / 13:15 also taped TTT's? I suppose at 13:20 one would get out of the trade (right trend line is broken) that started at 11:50 (actually trade started at 12:45 because we're...

Hi, Start of the day was interesting IMO. Especially on YM it became quickly obvious that the dominant channel was down (see attach) but also on ES it could be seen. So I was waiting for retracement that started around 9:50. While price was increasing, volume was decreasing confirming main...