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Here's a revised copy of the log to keep more in tune with the program. I left the YM section in there for next month, gave more room for notes and analysis, and eliminated the P/L section as Spydertrader doesn't want us focusing on the P/L. I left in the "Timely Action" section in because...

Today's chart

While doing some catching up, thought it might be helpful to post the log sheet. We're not supposed to jump ahead so ignore the YM, indicators and Action section. In fact you might be better off modifying it by removing the unsed part and increasing the Analysis area for more notes. Here...

We will be looking at the 2 minute on the YM for this in a couple weeks, Spydertrader will be covering it in February. Also, check the charts posted at the end of today and compare your channels. That might clear some things up. - EZ

Actually you can note the top and bottom of the overnight session. (see attached, I edited my chart) It might act as a support or resistance level or have an effect on the daily range. More of a question for Jack. It was part of the pre-flight check though not sure if we're supposed to get...

Check here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1315386&highlight=Channels+levels#post1315386 It's pretty much what the channels doc says. Spyder has his own color scheme for the levels, nothing set in stone there.

Check the attached. (can't seem to get them to show up in the message). After you draw a line, right click to "clone" it and drag it to the other side of the channel. Makes the channel drawing EZ :D

Here's my chart for today. It was a slow day, so it helps to take a look at the 15 min as well. - EZ

Spydertrader said he would cover the flaws they show up. On several of his posted charts some are noted. I'm sure we'll get into more depth as the month moves along. In the meantime you can search the threads Spydertrader listed on the first page if you want more info. Hope that helps...

MAK and Aurum, Thanks for the explainations, I was reading the volume/volatility chart wrong and see it clearly now. It is as I expected, for some reason the layout didn't click at first. The "out of whack" data wasn't on your chart - meaning the chart data isn't out of whack. The anomaly...

Mak, could you explain a bit about the chart? The top row is points, and volume divisions/ranges are down the left side. But I am having trouble on all the numbers in the middle. How are they read or calculated? The basic relationship of the bar length (volatility) to volume is an easy...

I don't want to go get too far off topic here, hopefully this will help out. You need to create PCF's or scans that will emulate the EPS and RS of IBD. You can get close but you won't get a match because we don't know exactly how IBD does the calcs. Plus TC's Fundamentals will only let you...

Haven't even looked at snapsheets. I love TC for quickly scanning the market and going though the sectors. It just isn't set up well for real time trading. A PCF can easily be created for unusual volume, but would have to be updated on the fly if using it intraday. In fact I believe most of...

I use TC2000 as well. It is too restrictive for this method IMO. Maybe if you did the end of day version it might work out. Jack used the old version but when they updated it around 2000(?) his functions or scan wouldn't work. I haven't used the intraday version. It is possible to make...

What you want to see is 10 points of price action on the screen to keep the charts looking similar every day. Using a different scale each time it distorts the moves and your perspective. Jack calls it getting calibrated. On large range days you have to adjust it some, but usually 10 points...

MAK, I know this is not the time to go into this in detail, but I have a quick question. Is this chart a graphical representation of the Bbid/Bask (mostly the ask here) getting eaten up over time as it sits a bid/ask pair (the DOM bar)? Thanks - EZ

Your chart shows an important consideration. The day usually will have 4 major trends, your chart happens to have 5, bonus :D. Keeping in mind the day can have several variations, usually it will have some form of an "M" or "W". That may be helpful when drawing charts in real time and seeing...

See this post: http://www.elitetrader.com/vb/showthread.php?s=&postid=1311460#post1311460 At some point you determine price is not going to make it to the left channel side. Delicining volume (PRV) is a clue, price reversing is a clue. As Bundlemaker said, depends on your skill, experience...

With regard to the FTT's, it seems everyone would be thrilled with a concrete description like: A bar with a higher high and higher low than the previous bar, with decreasing volume. But it can't be that way. It's more like a detective work weighing the evidence, because they are not all the...

This is a key post. I always had a lot of confusion with the FBOs. This is why - on this chart, looking at the orange channel, the 1st FBO I would normally see as just a steepening of the downtrend (though slightly in this case) or a new #3 point. But if you look at it from the point of view...