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See here for one of the iterations Mak generously provided - it's the last post on the page. He also attached one at a later point which contained stretch/squeeze information.

Glory to God in the highest, and on earth peace, good will toward men. - Luke 2:14 I wish you a Merry Christmas, and a peace and goodwill filled 2007! :)

I think you summed it up rather nicely. :p

Perhaps I'm not correctly understanding where you are at. It appears to me that you have the identification of a FTT down fairly well, but once you enter from a FTT signal, you are stop managing the trade correctly. From your comment "if price does not proceed in the desired direction after...

You are the man Moz! Thanks - I spent at least an hour looking for that post. Good to see you still around!

Yes, I found that out after my mistaken post - sorry for the incorrect information everyone! :eek:

Due to the fact that the ET chatroom wipes the logs at midnight, I've taken the liberty to print them off in a .pdf - you'll find them attached below. (Note - ETChat is NOT Rated 'G' - if you catch my drift...) Good Trading -Au

Just as a bit of clarification/history.... I did the prv sheet before I had my own prv tool which hooks into IB. Once I had programmed my own little app, I thought "I don't need the sheet anymore. That's old school - automation is king!" Going back and looking at the sheet though, I notice...

Here is an example of a 5 minute bar.

Attached is a sheet, designed for the ES, which you can use for manually determining PRV. The sheet is divided up so that vertically is time (each horizontal line represents a specific point in time) and horizontally is volume (each vertical line represents a certain number of contracts...

I'd like to echo Joab's post - what you have put out here is an EXCELLENT pattern for how to approach a trade. While the details will vary based on the person and equity, to approach it in the logical and structured manner is fantastic. Once again, good job.

Great post Ezzy - thanks for the insight and encouragement!

Wait until tomorrow - you'll see just how dull it really is! :D

Thanks for the comments Mischief, and you are correct about the volume criteria for beginners. According to my calculations (which may be slightly different than others), I have the FRV level for today at 540k. With that in mind, I've moved a bit beyond the beginner stage with respect to...

I took a long position in NVEC today, entering at 11:07 am, fill price of $38.63. Daily Fractal Criteria Price Price did not gap more than 5%. Volume NVEC has been in DU for the past 3 days. Channels I have the current LT channel as an uptrend. The current IT channel is a downtrend...

What timeframe does this system trade on?

Excellent Post - thanks for sharing!

Good to hear!

Right - so you can exchange one set of problems (which appear to happen rarely and have been fixed) for another. IB hasn't been as stable as I'd like to see - regular data pauses, mini blackouts... and their customer service stinks. To each their own...

I'm a couple of steps behind Spyder in channel drawing skills, but I've also made progress in them. Like anything in life, drawing them correctly takes practice. Personally I've found it useful to start off with drawing channels in hindsight. It won't help your trading any, but the point is...