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P2 or p3 ? :confused: P3 of a down channel should necessarily represent SOC in a non-dominant (up or lateral) traverse of this channel. Furthermore, this SOC should be the one we anticipate AFTER p3 of the non-dominant traverse. What seems to be the problem?

FWIW.

http://www.elitetrader.com/vb/showthread.php?s=&threadid=26299&highlight=dax

Good job.

Words of wisdom.

Why???? Were you trying to predict the market? Or weren't you sure about your execution abilities?

Thanks spanish.:)

Isn't it the contradiction?

If you get to see the "opportunity" it will be already too late...

Thanks Mr_Black.

Hey spanish, congrats to your climbing back. May I ask what you think about the "Trading in the zone"?

Cutten, did you forget :D.

Welcome back, Spyder.

Each direction has a built-in up movement. :)

Well done.

Got it.:)

Why did you exit?:confused:

Why does your last pink FTT not signify the start of a new sequence (traverse)?

I've just looked up "tofurkey"... I guess 20 ticks would have done much less harm... :D

Best wishes from me as well.