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Hi, I jut noticed that often the increasing volume starts after price has broken out a few ticks... maybe wrong observation.. BTW I also like to watch tic chart while price resides at RTL as well as YM. Sometimes you notice like three little YM bars in a row on decreasing volume in...

David, You take the trade unless you can see it's a flaw while the FTT is being formed. You may need a couple of (2 min) bars however before you find out. You may also decide to skip the FTT because there has not been a flaw or VE yet. Of course we watch how price moves to RTL after an FTT...

I want to add that I am far from complete in my reply regarding FTT's. There are more factors to consider and usually it's not one factor but a combination. (consider the complete dataset , not just one element). There are different kind of FTT's and recognizing them quickly and acting quickly...

Hi, Look at the gaussians. There's high volume when the borders of the channels are touched. If you think you see the channels but you don't see the volume you got your channel wrong. The FTT is very interesting and there are different things to consider. Price should try to touch LTL...

Are you saying here that in your mind you already know what will happen (based on the channels?) and the (finer) tools tell you the moment is there? Or am I completely misunderstanding this. regards, Ivo

I know exactly what you mean and it's a great thing to know what to expect. When you know what to expect and when, you can act exactly on time and you also know it when something unexpected shows up so you can correct and usually make up for the lost ticks immediately + more. It makes it so...

Sure but before I got the idea: "Well, this is a difficult, lower volume, period, let's look at YM for finer resolution." some time and points had passed. There didn't seem to be a problem until it was kind of too late.. regards, Ivo

Good point. One anticipates continuation or change. Nothing more. We can't say anything about the length of the moves. Ivo

Hi Guava, 10:35 - 11:40 was very problematic for me as well. I was reversing and reversing and lost quite some points there. Of course the thing to do was to look careful at RTL and immediately get out at fbo or sideline because of the lower volume. However, fbo's happen quickly so maybe...

Same experience here. Something just clicked a few weeks ago and I haven't had a losing day since then and some very good days. Still made a few basic mistakes but that's ok as long as you learn. Although religion is not trading I think this was truly a religious experience by Jack's...

If things are not clear to me I always wait for the current bar to finish and then ask myself the same question (continuation or change). So if you are not sure, just wait. If you take the trade and price goes a little against you, just ask yourself the question if anything else has changed...

Thanks for your posting Mak. Just to clarify. That was not what I was trying to say. I wrote: "This means theoretically we can enter just one tick away from the optimal entry.." And I mean: "Wow!" Not disappointed about anything. regards, Ivo

Thank you bi9foot. I looked again at Spyder's drawing and understand it better now. I highlighted the asymetry I think we should be looking for. I always looked with a littlebit coarser view at the tic chart which works fine but you lose a few more ticks. This means theoretically we...

I also like the summary. However, personally in order to dertermine a pt3 I watch the "tape breaking" which is not mentioned. The tape breaking is very important for me of course only after having determined a point 3 is to be expected. (not just "any tape") Then right after tape breaking...

Hello, I must admit I really don't understand much of what is written here. I guess I don't really know (yet) what is a "2 pair".... I use a one tick range chart and on critical moments (FTT, BO, pt1, 2, 3) I check the tick chart (among others) when price is bouncing between two values...

Welcome River, On my chart 10:25 was VE. I did consider 10:30 to be an FTT but look at the volume.... Not even half the volume of the 10:25 bar. The absolute volume doesn't matter. You need to compare it. So my mind said "flaw" after this bar finished so I stayed short, also because there...

I recognize this very much. If you don't worry too much about the FTT you see the real ones. For me channels are more important at this moment than FTT's. I am happy if I know there was an FTT on a RTL break. regards, Ivo

I understand what you mean Guavaman and experience the same. IMO it's better to focus on the forest first. It's no problem for me at all to call each important turn during the day but it's just that there are many more bars when I call that turn.... IMO it's really one or the other. If you...

Yeah. Well, telling myself not to trade (while making exceptions) helps me to: - focus on analyzing the market and not thinking about P&L. Like this it's more likely to make the correct analysis which of course is crucial. - trade more conservative and not trade when situation is not 100%...

Regarding simming/trading. Here's what helps me. First I tell myself "Today I am not trading but just following the market + annotating. " So that's what I do. Then while the market unfolds, certain situations happen when I just know for sure what the market is going to do. It almost...