Search results

My chart for this morning. Trading was not very easy because of the quick changes. I was anticipating a short the whole time and it was obvious it was going to happen but the question was when... We had increasing price but volume decreasing so that was the clue we were in a down channel but we...

Thx filter. I see I am "inventing" carryover channels. That green channel is not okay, your red channel is better. I did see today's opening as a Breakout from an up channel of last Friday. That worked out just like your solution. BTW you did not draw the vol expansion lines for the red...

Here my chart for this morning. Today is one of those days where I lost a lot (paper)trading. The good thing is I did catch the blue pt 3 after breakout from Friday's channel. I did not expect an FTT quickly after that so left at RTL with few ticks loss (after having been in black about 4...

Just a few remarks. Chart looks good I think. 1. Your first FTT cannot be an FTT and is actually a FBO because FTT's only happen on right to left traverses unless you mean an FTT of the green channel (but then you would have written the word FTT in green I suppose). The FTT was on the second...

Yeah. One thing is to limit your loss. The other thing is that something is going on that we don't know yet. If price continues in direction of BO we can look for pt 2 and then a pt 3 to get in. If price reverses and continues in it's original direction (FBO) and the current channel is just...

Mmm. Well if price crosses RTL by 2 or 3 ticks we should get out (if we didn't get out earlier already for example if we did spot the FTT). I prefer to actually set the stoploss automatically 2 or 3 ticks away from the trendline. Then I move it every 5 minutes depending on the slope of the...

You forgot to draw the volatility expansion lines on the green carryover channel. Also there's another steep up carryover channel that you didn't draw at all (+ it's vol expansion lines). Doing this you notice easier the FTT on the first few bars. regards, Ivo

I often made the same mistake and sometimes still do, thinking I see an FTT even when the channel has not been formed yet, quickly after a BO. Or maybe it's just that sometimes the volume on the retracement that's impressing me. Well, if the bar is not very red then there's almost as much buying...

That last FTT I did not consider an FTT. Because we had a breakout IMO we should be looking for point 2 and a point 3. regards, IVo

Well, we are both right IMO. I am talking about last half hour, sorry. We are up on decreasing volume actually since 10:20. But then I saw increasing volume and price going up at 11:30 - 11:45 and now we are retracing since then (price decreasing on lower volume). Of course I may be wrong but...

My chart for this morning, got the first and second FTT right. No problems today taking points out of the market. My bias is still up (until the next FTT) because we see price going down in the last hour on decreasing volume. If I understand well this does not happen in a down channel...

Well. If you can see price does not touch LTL IMO that's an FTT. There are FTT's like this all the time (such as right after volatility expansion) where price does not touch LTL failing just one or two ticks. To me this was an obvious FTT and actually I'm on the lookout for it all the time...

Certain software allows you can snap the lines to the high, low open or close of a bar. This is very precise. If you actually do that in this case you see it was an FTT. regards, Ivo

Hello Spyder, I have a question about your point three at 12:30. What made you decide that this was your point three? I would logically place it at 12:00 (just before the HVS) or the next bar. First there was a retracement from your point two on lower volume and then there was a FTT on the...

That's a little confusing because low red volume is exactly what we would expect after an FTT in an up channel or not? I guess then it shouldn't be too low then... regards, Ivo

I find this explanation of the most important points very helpful. Thank you. Ivo

Nice. Similar to what I learned. Spyder mentioned after an FTT we should be seeing decreasing non dominant volume.... I was reading this over and over and then today I suddenly got it. Anything else means price will just continue. Ivo

Hello, I have a question related to this. Pls see the attached charts. There's an FTT on ES. We see non dominant volume as price retraces back to the right side trend line. It breaks thru quite simply without much resistance. Then when price goes up again we start to look for a pt3, short...

I notice that even in retracements leading to a pt3 the volume can be quite high. Notice bars 14:45 and 15:20. However, these seem to be 'isolated' bars, not exactly what you would call increasing volume but more like an exhaustion. regards, Ivo

YM for the morning. Was leading ES most of the time. Just the last move (pt 3 at 11:48) ES seemed a little quicker. Clearly no CCC and all that in these volatile times. I guess one could trade whole day long these days. comments are very welcome. regards, Ivo