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Thank you Mike. I always check yahoo finance but the calendar did not show this one. Anyway I was quick enough to react as it formed a pt 3. I guess everything related to "home" and "housing" and all that has quite some effect on the markets at the moment in the US. regards, Ivo

I have to leave early so here's my chart for the morning already. Trading was no problem. I was looking for a point three up because of the first three bars on YM (increasing volume). Was this the right thinking? Well, as price went up I guess it was. Does anyone know why price went up so...

Chart for this morning. regards, Ivo

I have the same problem and cannot get it to work. Also if I change MYID to my IB ID number. Someone mentioned something about refresh rate but I could not find where to change that. regards, Ivo

Very interesting questions. Here's my view. 1. What is the difference between a retrace and a reversal? Retracement: decreasing volume and then price turning and continuing in the original direction on increasing volume. (possibly after FTT). Reversal: decreasing volume and then increasing...

Chart for the morning. Cool day so far! Seems like some people are selling. No one is posting here at the moment haha, I wonder why. Well I only trade the morning. regards, Ivo

Hello, Thank you for the explanation. I wasn't sold on the FTT on ES either. The reason was that I simply did not see an FTT (signal of change) on YM. IMO the 15:16 red volume is too low to be an FTT. We need decreasing red volume after an FTT but the 15:18 bar gives us increasing red...

The bar at 15:20 is an FTT on ES (not much going on at YM at the same time). After that we expect decreasing red volume before breakout. Instead we get decreasing green volume until the trendline. So price slightly going up (actually more sideways, the same at YM). Is this an indication that...

Chart for this morning. Trading was not easy. I did not notice the FTT on my chart after the HVS (of course got out on RTL break). After this FTT I was waiting for pt3 that did not come although I thought I saw black increasing volume. Then there was this clear FTT that turned out to be WTF...

Hello dkm. I understand what you mean. However, even if what you are describing takes place there often will be another point 2 and point 3 after RTL has broken. That's the one I prefer to trade. Also there is another way to see it. One could identify the point 3 within the channel as just...

Thanks, you are right. I was not looking at the right channels. Bias was already up. Green was already dominating and we were waiting for point 3 --> increasing green volume. Drawing all channels certainly would have helped me. I think the reason was that I was gone for a while. Then when I...

Ok, you are right. At 15:00 an RTL was broken but there certainly was another trendline that is not present on your chart. Actually it is present on your chart but you did not extent it. I certainly should have drawn the trendline that you have there. I suppose it is more important than mine...

The attached pricebehaviour confused me. This example is YM. First we have an FTT that on first moment did not look like an FTT to me. But ok, about two bars later I realise it was. Then we have decreasing black volume. Then black volume increases until 15:00. How should I see this? We...

Welcome Ralphbass. I would turn it around, price rising on lower (actually decreasing) volume is not sustainable. First there's volume, then there is price. Price can be expected to turn but SOMETHING HAS TO HAPPEN first IMO (FTT, decreasing volume, break of RTL and increasing red after...

My chart for this morning. Trading was no problem. There were a few problems: - until 10:30 I was seeing things that were not there. It was just a lateral I think. This resulted in a few losers. I think it is wise just to wait until announcements are over. - Sometimes price moved so...

Price can only increase on increasing volume in an UP channel. The same for a DOWN channel for price to continue to go down. Conclusion IMO is in this case that price is in a down channel --> the main channel is down (in an up channel price would move lateral on this volume) and you're...

Chart for this morning. I am noticing a lot of improvement in all areas. Annotating, recognizing FTT's quickly, decreasing non dom volume and recognziging the BO's and FBO's, etc. Today it was just price turning from up to down at 11:00 that came a little unexpected (price just broke out...

I find the terms "increasing" and "decreasing" somewhat confusing. In this case decreasing black volume confirms the FTT but I would like to have the term "decreasing" clarified. Decreasing means "becoming less" but compared to what? Becoming less compared to black volume before the FTT or...

Hello Spyder, Thank you, very useful as I had problems recognizing this. Exactly when did you consider the 12:05 bar to be an FTT? For me this was not obvious until two bars later because I think it could very well be that the 12:10 bar would continue the traverse. In general point 3 and FTT...

Chart for this morning. Trading was not very easy. Point 3's didn't seem to last very long (or you could just say it was never a point 3 anyway). For example my blue channel I entered on three. When the next bar was green but not on increasing volume I got out which was a good thing to do and...