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Chart for this morning. Made a few mistakes. 1. recognized the 1st FTT in the chart too late. 2. the 10:35 bar caught me by surprise. I was just seeing a lateral where price would normally simply continue to go up. It didn't and I didn't see it coming. For the rest no problems...

Spyder, Let me phrase my question in a different way. Is it possible that you have more than three ticks or so paper loss (meaning current market price compared to entry price) while you still are convinced you are on the right side of the market? For example this can happen when you...

chart for the morning. regards Ivo

Another example of this morning where the break of the second tape formed the up signal. First break was a fade, second a go. Of course same time you check other instruments (YM, PRV, str/sq). BTW the pt3 was also (in my drawing) an FTT on the lateral. regard, Ivo

Hello, a question. You mentioned on washed trades you take a max of 1-2 tick loss (occasionally 3). Does this also mean that that's the maximum heat you would take or are there moments when you're down more and price goes back to your 2-3 ticks and you get out? For example on downtrend...

Thanks Spyder. Didn't watch the whole movie :-) but checked some moments on it. A question. Yesterday you mentioned "odd and even harmonics" which happen near or at a trendline. What do you mean by this? regards, Ivo

I think uptrend continues. Possibly after price crossing RTL for a little. The reason is that I do see decreasing volume but NOT decreasing red volume. Price is just moving sideways -> no change. It will go up. regards, Ivo

Hi, DKM asked me how I enter on pt 3. I wait for second tape to be broken. See attached sniplet. Left is ES, right is YM. pt3 I marked on both charts happens at the same time. Note on YM. After pt 2 you look for pt3 up. I draw a grey steep tape. It's broken. I do nothing. Then draw...

Chart for the morning. In my opinion price at the moment is just moving sideways so I'm still long even though it went thru RTL. regards, Ivo

Steve, when exactly did you reverse to be on the right side again? IMO the 15:22 YM could have easily been a point 3 down. It's just that there was no increasing red on the next few bars and no tape broken (ES) regards, Ivo

I did the same trade and lost. Especially because red volume was increasing on YM I took the trade. I guess we should have waited for pt3 after BO. Reasoning afterwards maybe price went with too much force thru RTL and I like better the trades where price goes thru on almost no volume. Also...

Chart for the morning. I had some problems and doubts after the point three on my chart at 11:40. Although I did consider it a point three, I got negative stretch values all the time, especially after the pt3. Not just neutral but real negative (-4 or -5) so I reversed. The mistake here...

Thank you very much. It is clear now. I seemed I did not put much emphasis on the green channel (although I had it drawn in). Should have watched that one closer because it is very important. regards, Ivo

And it's not just reading but also understanding and doing. regards, Ivo

Hi Spyder, Am I correct when I see you have your last FTT and point 2 on one line? How is this possible? And where do you see R to R meaning where do you see the first red? regards, Ivo

Mike, I like your charts a lot. Thank you. Ivo

My chart for today. This was my first complete day of trading. Until now I only traded the morning and in the future I will mostly just trade the morning. I did well. Caught all important moves. I am happy I sold at 1484 at 15:35 but there was no wisdom involved :-) I just decided to...

My chart for the morning. Trading was not bad but I was clueless for a while around 11:30. I was expecting a point 3 down after the breakout but instead we got increasing black. regards, Ivo

Chart for the morning. It was a fun morning. A few times I thought I saw an FTT and thought market would turn south but then price started to move sideways. regards, Ivo

Hi EZ, You are right. But long swings start with moments of change (FTT's). We zoom in and look at str/sq among other things and conclude. How long the swing will be we don't know. It's these moments (like possible FTT's) I'm talking about when I noticed opposite signals (strong positive...