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My chart so far. Noticed the point 3 at 10:00 on time as well as the FTT at 10:10 Then after 10:20 I was looking for the point 3 up after the breakout. However 10:25 until 10:35 showed increasing red (YM as well) so I never bought it. The area between 10:50 and 11:05 confused me...

Also don't forget that people tend to post just their successes. Not their failures. I am speaking for myself because I was eager to post a couple of points of profit. Right now I just decided to not post any results anymore. It doesn't help others. regards. Ivo

IMO this is a little early to say. I would like to see the green RTL tested again or the high of that current bar to be taken out (by the next bar(s). regards, Ivo

Hi, I place a lot of emphasis on tapes. In your first two example a downtape is broken to the upside. The third example is lateral movement. regards, Ivo

Here is my effort. Doesn't look like extreme volume period to me. regards, Ivo

Hi, IMO you were drawing two tapes that can be combined into one channel. The tape in the circled area plus the one before that. regards, Ivo

Hi, I agree. Didn't feel bad about it. Again I anticipated the point 3 up too early after 3pm. Lost too many points in the following bars and ended the day at -3. Very hard to correct your own mistakes. regards, Ivo

Hi, Increasing red should have happened + the uptape broken. (in reversed order :-) The tape up was broken to the downside but no increasing red. However, it's the same story here. Price could have gone down until 1508 before we would even see or notice the increasing red... Should I...

Hi, Interesting to see we have the same entry. First two bars: increasing red. The third bar is change and after that price was moving sideways indeed (could be seen well on YM) but I was already out. But the outside bar broke the tape to the upside. 9:45 could just as well have formed...

Hello, Just an example of my (typical) first trade. Long at 9:45:39 at 1509.75 Reason to get in: point 3 up. (outside bar) Got out the next bar at 1510.25 Reason to get out: bar 4 and bar 5 did not show increasing PRV. Increasing PRV is what we need after a point 3. The 9:50 bar...

TraderD72 I appreciate you're respons very much. >most importantly, wait for volume (or PRV) to be above the >previous Volume bar I will focus more on this starting today. It's just that sometimes point3 comes after 5 minutes (which is quick) and sometimes after 30 minutes. That...

Thanks for your respons. It should be the breaking of the tape I should wait for. So when anticipating a point 3 up, then a tape down should be broken to the upside. When anticipating a point 3 down a tape up should be broken to the downside. This automatically means waiting at least 10...

I am very often (it happens every day) too early when anticipating the point three. For example 10:30 + the one at 11:30. In fact on the first one I lose several points in what I experienced as chop. Often I am in very early, price makes a couple of small moves (seems to try to make a pt3)...

Chart for the morning. Few winners and a few losers. We had an important BO and I think price can continu up for a while. regards, Ivo

You can keep on drawing them but trading them is only for experts I think. Wait for price to get out of the tape in the opposite direction. Then at some point it will return (or at least try to return) in the original direction and we have our point three and the channel. regards, Ivo

Sure. I agree with all of this. We are "internalizing" the method now, practice and practice until we just feel instinctively and realtime that change has come and we can act immediately. I must admit that occasionally I have had these magical moments when you just feel it and do it exactly...

Nice but note that a tape is not a channel. You seem to mix them up unless you were drawing tapes intentionally. A channel has one directional change in it (so minimum 3 bars). regards, Ivo

Hello, What kind of change is the top of the 10:00 bar? (10:05)? at 10:05 price does not try to reach LTL (it open at the high and only goes down). is 10:05 a LTL bounce? regards, Ivo

Hello, I have seen these this kind of discussions a number of times. The whole point is in my opinion that many aspects of this method are very subjective. (can be interpreted in different ways). Then afterwards it's easy to pick out the right one. It's not black/white and it's not...

My blue RTL. However price went so fast it already passed. It was something I did not consider at all. I expected a point three up after the breakout. "What gets us into trouble is not what we don't know, it's what we know for sure that just ain't so." - Mark Twain In general volume in the...