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Todays chart...

1 entry, 2 reverses, 1 exit, +5.75 Points Monitored from 9:30 - 11:15am Trade 1: Entered long YM breakout with extreme Black Volume Held through retrace (Eyes were fixed on Volume @ 10:00am) Trade 2: Reverse short (A bit late) - market kind of stalled here - headed into a 25 min...

Hello ang_99, I have attached annotations of how I saw that leg of the day. Volume leads price - so in order to drive the price up to previous levels (i.e. those 3 green bars prior to exhaustion) I was looking for demand at least as great as the previous run up. (i.e. >= 3-5K more on that...

I cannot speak to Steves techniques, but Spyder explains how he employs the DOM here: http://www.elitetrader.com/vb/showthread.php?s=&postid=1486683#post1486683 Best wishes on your journey

1 entry, 4 reverses, 1 exit, +4.00 Points Entered short 1469.00 on upper Lateral - 2 bars followed on increasing red volume and FBO Reverse long 1467.75 on increasing black Reverse short 1467.00 on increasing red (intrabar) Reverse long 1467.75 on increasing black on YM Reverse short...

1 entry, 4 reverses, 1 exit, +9.75 points Enter long on bounce off RTL of YM carryover channel Reverse short on Formation FBO and decreasing black Reverse long on expected FTT with extreme YM volume - held long through seller exhaustion and smart money acc (FTT) Reverse short on FTP FBO...

1 entry, 1 reverse, 1 wash, +5.75 Points Entered on Extreme YM Volume, and after seeing the ES bounce off RTL of carryover channel B2B on YM confirm the right side Reverse on watching price struggle to reach LTL on Bar 4 x Wash when FTP formed Lesson: When you are on the right side and...

1 entry, 1 reverse, 1 exit Entry short on FBO of Carryover channel Reverse on PT3 of newly fanned channel Exit on VE of Forest Channel +9.5 Points

First trade of the day, Entered on PT3, 5.5 points

A little SCT in between afternoon meetings. Caught the newly forming non-dom channel. I made 1 entry, 1 reverse and 1 exit. YM gaussians projected at least 15 seconds on the entry and reeverse. I was early on the reverse but was not washing unless it broke the lateral up (which never...

For the methodology which I subscribe to - the markets pace and the traders skill level determine this: The markets pace is determined as volume per unit time. This concept is illustrated in the following link...

http://safehaven.com/article-8892.htm

A little motivation from Jack http://www.elitetrader.com/vb/showthread.php?s=&postid=834454#post834454

In my humble opinion, 15 cents a cup for one of the most valuable natural resources does not seem absurd... but quite the contrary, in the coming years, we will look back on this and think it was a bargain at these prices. Best wishes in your journey!

Welcome to the forums babs2000, The fractals you refer to are not taught nor employed in this technique. The YM is a medium level tool - This means it is incorporated and exploited once the trader has understood the course level tools (i.e. 5M ES, Channels, Gaussians, PT3, FTT, FBO, P/V...

My view of the day attached...

My view of the day attached...

http://www.thebusiness.co.uk/news-and-analysis/358346/saudi-minister-warns-of-dollar-collapse.thtml http://seattletimes.nwsource.com/html/businesstechnology/2004019199_opecdollar17.html

My view of the day attached...

My view of the day attached..