Search results

Haven't posted a chart in a while. Was doing great (+10 points and saw much more than I traded) until about 2:30 when a period arrived with some overlapping laterals. Although price went (more or less) down the way it came up in the morning I still experienced this period as somewhat choppy...

I look for this pattern all the time. (decreasing red when comparing the peaks as well as when comparing bar to bar). I always look then for a lower low on lower volume and the bar closing above the low of the previous bar. The road down is cut of and price can only go up after it. However...

This is exactly how I see it. Indicators are just another domino. Price and volume are always leading. The moment you want to take the trade based on price, volume and channels one can glance at the other indicators (MACD, stoch) if they would give a signal if price would move in the desired...

As soon as you get increasing volume + price in the direction of the trend. regards, Ivo

I am also using Vorzo's spredsheet but get different volume levels than Tobbe. Tobbe: 8000, 12500, 17000, 24500 and 30000 Vorzo's spreadsheet: Data is last 30 days. EXTREME 40000 and higher FAST 26500-40000 MEDIUM 19000-26500 SLOW 14000-19000 DU 9000-14000 Anyone else using...

Trade the smaller trends. Keeps me busy as more actions are involved. regards, Ivo

I don't like it. My favorite is this one (Mark Twain): "What gets us into trouble is not what we don't know, it's what we know for sure that just ain't so." regards, Ivo

Nice document. Just a remark. Maybe you forgot the most important: An FTT is an attempt and then a failure of price to traverse to the Left Trend Line. regards, Ivo

Okay, so the correct way of thinking is: 1. ES shows VE so we look at YM 2. YM shows decreasing volume in dom direction so we anticipate change 3. Price moves up, so we go long immediately 4. Next bar is a pennant, we hold 5. next bar is higher volume and we break the pennant on...

Hello, Sorry but to me this seems a little confusing. Price moved in the dominant direction on decreasing volume. This means change can be expected. But also 15:46 was a breakout of the RTL and the action is hold. Then on the next bar RTL is broken again but this bar is also a pennant...

Bars like 15:45 (checkout image, bar with arrow) keep on confusing me. Generally I reverse or exit instantly here. It's an FBO isn't it? Also YM was not clear. ES 1 minute was not clear. What is the correct way of thinking here? regards, Ivo <IMG...

Hi, Did anyone have problems with today's market specifically? regards, Ivo

Did okay today but I keep on having problems when price goes from point 2 to point 3. Often, somewhere between these points I see change (so I think the point3 failed) but there really isn't. Usually I need to wait longer. IMO it's more an issue of time and volume than an issue of price...

No, not necessarily, but if you see one you can trade it. regards, Ivo

Another example of a failed point 3 (but also a FTT), just moments ago. checkout the arrows. ES: we expect point 3 up (11:30) because we had BO of the downchannel. It fails on the next bar (11:35). We see a breakout of the pennant and it fails. We do have some higer volume just because of...

I don't see it like this. I don't look at a point in a way that it can be either a point 3 up or a point 3 down. The action after BO is hold (unless something happens which it did) For example: On BO (to the upside) on increasing volume I would always look for a point 3 up, or an attempt to...

Hi, Some comments on this. We are looking for a new point 3 up, not a point 2 up, right? Another question. You say :"What about a new point 3 down"? The reason is we are below a former point 3. (I did not know we had to consider this...) So are we looking for a point 3 up or a...

Hi, Pennant means hold, not exit. In order for change to occur pennant must break on increasing volume but also the next bar must show increasing volume and the first bar of the pennant must be broken. regards, Ivo

Hi, I would certainly exit at this bar. Not reverse. I have been killed too often in situations like this. It has happened I reversed and then I got whipsawed. It has happened I stayed long hoping for price to go up. Situation is just not clear. You have to clear you mind and be ready...

Hello, Too bad I couldn't attent the Traders' Expo. In my opinion anything else but decreasing black volume would mean that you are wrong except that there can be a flaw: So only if a (small) red bar is forming on extremely low volume then I would consider to stay long and the next bar...