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Chart for this morning. No real surprises. Understood most that was going on. regards, Ivo Edit: I see my black channel is wrong, should start at green point 1.

Me too. I caught the whole move. Especially on YM it was "easy" to see this breakout had a good chance. Volume getting really low on the 11:56 bar and during breakout. At 11:34 I was suspicious about the breakout and 11:36 showed it failed (FTT on my chart). ES simply followed. regards, Ivo

I trade only in the morning. Two hours is not much though but IMO opinion possible if you already know how to trade. The problem is you need many hours to learn. Maybe the more experienced people can answer this. Just wanted to mention I do trade part time. Ivo

Chart for this morning. Right at this moment there seems to be an interesting breakout. Very obvious today that YM is leading. If YM doesn't move then ES doesn't move much either. When ES seems to be moving, it waits until YM is ready. regards, Ivo

Same happened to me but then I reentered on the retracement. Maybe that's the way to go. Wait for pt3 on the tape. Ivo

Chart for the morning. As expected not much movement. regards, Ivo

Although I wish you all succes in trading it's kind of comforting to read that not all your trades are perfect so we have something in common haha. Do you also open your position on point 3 or on FTT (intermediate) You annotations are very detailed and helpfull but there's nothing like...

Yeah well. We're supposed to enter on pt 3 and the above does not bring you in trouble when monitoring closely because you will not find this point 3. It's just that my chart is a mess and everything seems less objective because of redrawing lines etc. Ivo

This morning's chart. Most of the time I had no clue what was going on. Also I hate these channels where price breaks RTL by a few ticks and just keeps on going the original direction etc. This seems to be happening all the time. regards Ivo

Chart for this morning. Did not make real mistakes. Caught the first taped FTT and then the ride down to 1405. The subsequent move up caught me by surprise so my profit was very small (got out at RTL breaking). But of course I should have drawn the down channel at bars 10:05, 10:10 and 10:15...

Just wanted to share my AHA moment of the day. It was this little gaussian formation that I just saw on YM telling me well in advance: CHANGE! regards, Ivo

I also think that's what he means but we are also supposed to recognize the FTT in anticipation of the next level. Then wait for break of RTL then wait for point 2 and enter on 3. Get out when RTL is broken. regards, Ivo

Chart for the morning. Annotating was not hard but trading was. I was jumping in too quickly and was not half as patient as yesterday. Also the start was hard but it shouldn't be. It was an FTT followed by FBO on my chart. I definately should wait for bars to finish, especially at the start...

Okay, I understand. You used the last two "lows" of yesterday's afternoon to draw the up channel. However, there are several ways to do this or channels that can be used. As you can see I used another channel. Is it a matter of using the latest "memory" or direction of the market? I find it...

Hi Spyder, Could you pls explain on your carryover channel? I did not have the same channel and cannot see or replicate the way you did this. Thanks, Ivo

My chart for this morning. WOW... It's so relaxing to be in the market knowing you are on the right side. It doesn't have to be the current bar that gives you the points, it can be the next one, doesn't matter, the market is giving money to you as long as there is no "change signal", you're...

Hello, I agree completely. Because we are learning now we should not think the market is always as it is right now. We should not think or assume anything but just catch the FTT's and point 3's and let the market go. One thing that is hard for me is that sometimes one can hardly notice...

I noticed the same. The market will give it all to you but you have to be in it. (on the right side preferably :-) Maybe that's what Jack means with his DO, BE, HAVE. DO what you learned, BE in the market, HAVE gains. Or BE in the market, DO what you learned, HAVE gains (I forgot the...

Chart for this morning. Did not have too many problems to take 6 point or so out of the market but could have been much more. Still have problems with the start of the day. Obviously it was up because we ended with an FTT yesterday that was still intact. However, quite quickly we went south...

Hello Spyder, A question about your chart. Why did you not mark the 10:30 bar as an FTT? To me it looked like, on ES and also on YM. regards, Ivo