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Chart for the morning. No surprises. Volume dropped early. Ivo

Hello, I have created a small video with comments of an example where we had stretch and squeeze within the same bar and we took action. It is an 1.69 MB avi file and concerns yesterday's market. The squeeze actually occured when YM was heading for a point 3 up. The file can be...

That's so funny. Probably at the same moment many of us are wondering "Did we take the right decision? Should I reverse? Should I get out, etc etc". Does this situation occur while being in the market or when you are waiting to get in? Spyder what % of the day do you have a position open...

Chart for the morning. Although tight range I traded very well. Caught all FTT's etc. Just beginning I was a little confused but then it was easy. We were going lateral first few bars and we came from up (yesterday) so first uptape broken down was the signal (pt3) Even pushing the hold...

I saw a big green bar and was looking for a retrace and then continuation. For me that was the big picture. Had I seen this bar failing to touch LTL (even by one tick) I would immediately have market it as FTT and point 1 and start looking for point 2 and point 3 down. IMO one tick does matter...

Hi bi9foot, I agree and the video confirms all of this. The increasing black volume started after RTL was broken. The stretch started right before RTL (on YM) and after the break. +PRV is increasing volume and increasing price in direction of the new trend. regards, Ivo

right.... now also on my chart after refreshing IB data :-( amazing. Ivo

First blue FTT. Why is it marked as FTT? Price touched LTL.. regards, Ivo

Here my complete chart for the day. The yellow area confused me very much. I was long since the FTT right before that. YM showed at that moment a very clear FTT with a lot of red volume. On ES it looked like FBO..... Is it because we never got a strong squeeze value during this period...

chart for the morning. I was clueless in the beginning. We got this big black 10:10 bar and I thought we were going up. Did catch the ride from 1507 to 1511 though. regards, Ivo

Stretch/Squeeze is a "finer" tool than PRV. A way to get closer to the actual FTT tick. So indeed I think ideally we see +PRV after the stretch/squeeze signal. +PRV (meaning increasing volume in the direction of the new channel) is just more people following the smart money. I was watching...

Here is an example of a an FTT + stretch from yesterday followed by confirming PRV. It's a small avi file. First we had the FTT. (I marked it on my ES chart as point 2 but this should be a point 1). After that this FTT is confirmed by a strong stretch (two in a row, no contrary signals)...

chart for this morning. regards, Ivo

Just a quick comment Esteban before I go back to sleep :-) You mention bars where you feel continuation was in force. Also you mention candidates for continuation and I don't know if this even qualifies as a CONTINUATION situation. All this makes me think you are looking for continuation...

This is imo a very educative post by Jack. The more I learn the more I notice we are not looking for what's happening but we are looking for what's not happening. Like price NOT reaching LTL (FTT), smart money NOT moving, high volume NOT continuing, etc. Exactly like the water on the stone. If...

Thank you for the informative post. Here's my first question. Are you talking here about PRV for YM or ES? I tend to pay more attention to PRV for YM so far. regards, Ivo

What we have after FTT's is IMO (but I'm just a beginner) a non dominant left to right traverse. Just like price would normally traverse from left trendline to right trendline but now from an FTT. What we need is decreasing non dominant volume. (again , just like a normal left to right...

Mmm. it's really not about 2 ticks higher or lower, it's about the trend and about PRV. within the bar itself a lot can happen. There can be extreme buying and then a littlebit of selling and the bar still ends lower. Especially on 5 min bars. Just check PRV + YM + str/sq while the bar is...

Chart for the morning. The interesting period IMO was the yellow highlighted area. First we saw an FTT around 9:45 - 9:50. So we have change. Price breaks RTL and a new downchannel is formed. In order for price to continue to go down we need increasing red volume. But what do we get...

Esteban, Note the attachment, yellow highlighted area. You DID draw the first gaussian in your volume. (incr. red) for the 1st three bars. The point is, there should be a channel there to match that gaussian (drawn in red). I know it is a tape but that doesn't matter. It is significant and...