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Hi, Thanks for the respons. This VE or the bar thereafter may not mean change in the big picture but I was giving it as an example of change with respect to that particular channel. Of course a point 3 up was still to be expected because of the high volume breakout. But when I talk...

From what I observed (but pls correct me if I am wrong) a VE means change if the VE bar has higher volume and the bar ends 'far away' from LTL. The next bar is then a low volume bar where price doesn't move much looking somewhat flawish. In realtime it is hard for me to recognize this kind...

Wow man, that's just excellent. I'm thinking of holding a little longer than 1 point on those high volume 20 point moves :-) regards, Ivo

HI, I find this mindset not very bad at all. If you take the trade and expect price to go up you will lose money if price goes down. But what happens before price goes down? It stops going up, and this is an early indication of price going down. At least you won't lose money and you will...

Hi. I know exactly what you mean BlowFish. It's completely ridiculous; I notice that I often (almost daily) completely irrationally get out of >5 points moves after having .75 profit or so. Even if I entered the position at the exact right moment (pt3) which happens often BTW. There's...

Hi, I like entries and exits better than being in a lot because I can monitor the market from a much more objective perspective. When I have no position I am more patient and waiting for the exact right moment. FTT's about which I have doubts I can simply let them pass without any...

Yeah well, at the moment I am not anything near this. However there is some good progression. Regards, Ivo

Interesting and encouraging stuff. However, there's also such an issue as the value that you want to put at risk. I mean, I have no problems to put $100.000 in a savings account but putting the same amount of capital in a single trade is a different thing. Something unexpected can always...

That's exactly what I was writing. I was explaining where it went wrong (in the past). regards, Ivo

Why is that the goal? IMO this should not be the goal. It could be the result because once you know a lot you can be in the market all the time. My goal is to make points consistently. The easy ones first. The whole concept of SCT ("I have to be in the market as often as possible") has in...

For me that is the beginning of change. I would rather say: when price changes on decreasing volume. regards, Ivo

This is very interesting. I have noticed indeed that when RTL breaches while volume / volatility is decreasing you can count on the channel to be widened soon. Very useful. Good moment to be out if you don't like the increased risk. regards, Ivo

The much lower volume "flaw like" bar after the LTL bounce is also an indication that change has taken place IMO. Ivo

Hello, Yeah. Well, the word "guess" is completely wrong in this context. The line is there just to tell you a p3 still has to come and in many cases comparing the channel we think that we have with current volume we just know we did not have point 3. So it all has to be placed in context...

Hi, I have been trying this lately (putting RTL as soon as you have a point 1) and I find it very interesting. Just draw your RTL after point 1 and make a good guess how steep it is given the current volume (or in other words: low volume = it takes more time for your pt3 to be formed). I...

Exactly! It's the thought process that matters. I remember Spyder was doing some chatting in the paltalk chatroom and this was very interesting for me even though it was just a short time. All it requires is recording the screen and talk in the mic and no one will even bother him with live...

Yeah wel... You knew what price did and found the reasons why it did what it did afterwards. There are always some data elements that can be found to support your thoughts, no matter what they are. So that seems logical in hindsight but where's the limit? How many bars do you wait? Two bars...

Okay, Now here's what I find hard about breakouts. It looked at least 5 times like a breakout and 5 times like a failure to breakout. How can we know a breakout is a breakout before everyone knows and it is too late? Anyone? regards, Ivo <IMG...

You seem to draw only the wider channels. The first level is the tapes. Then when the tape is broken and when price then continues in the original direction, that's a channel. You did not annotate the traverses. checkout attach for corrections in red and yellow. Furthermore you didn't...

I would also like to see this. regards, Ivo