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Hey Terminator, I haven't done what I call the "hindsight real-time drill" in a while. The drill is to take a chart and draw annotations as if you were doing it in real-time. For me, this means starting with 2 bars (tapes) and build "wider" channels from there. So, FWIW, I gave it a go...

Steve, As far as drawing the channels in real-time, I try to be as "mechanical" as possible. I usually start with 2 bars. This is the "tape" resolution. I like to start with a tape because sometimes a tape becomes a channel thru volatility expansion. Other times a tape BO has me thinking...

Spyder, Yes, starting around 12:30 EST this afternoon, I saw a "Forest View" sequence unfold. Actually, there were a couple sequences at various "steepness". The key for me was picking the right point/time to draw a "steeper" channel for reference. Although not shown on my YM snippet...

FilterTip, You have to find a way for the main channels to "appear" to you as they form. I'm not sure I can describe how I do it (or how I see them). That said, I know a few "tricks" that were mentioned to me (in other words, I can't take credit for them :)) that might help. Maybe others...

FWIW, here's a snippet from today that shows a couple of FTT's on the YM and ES side-by-side. <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1347126> spooz

JDAndy, Minus the tapes, mine was similar to yours. I did have one additional channel that I added to your chart. Due to the FOMC surge(s), I had a tape followed by several volatility expansions. After a few bars, I extended and thickened the TL's and ended up with a channel that...

FWIW, I thought I'd post a ES daily snippet to show the longer term channel that is currently being surfed. I didn't have my workspace open yesterday but one of the first things I noticed this morning was that yesterday pierced the longer-term RTL for ONE 5 min bar and immediately moved back...

Given the current Journal focus of spotting FTT's only using ES price and volume, I'm wondering if it's reasonable to consider Flaws in the following manner: a WWT point of view. Bear with me and I'll try to articulate what I'm thinking... Say we're in an uptrend (dominate traverse in a...

Jack, Yep, you're right. I'm normally fairly mechanical about drawing in the tapes, etc. This particular AM I guess I was so relaxed due to the strong uptrend, maybe too relaxed :). I need to improve annotating the BO's and FBO's as well. I'm getting better/faster at annotating but...

Assuming this snippet is from the same day as Bearbelly's (1/11/07 am), I thought I'd post mine as well to discuss my attempt at PV for the am. Notice my first FTT. Vol had just made a gaussian peak and price was beginning to retrace. On the next bar, price hit the TL and bounced. Although...

Spyder, Great post! Although you've hammered these points more than a few times, I appreciate you taking the time to "drill down" deeper. I realize that I need improve my Big Picture to Fine Detail (and back again) routine. I think I'm spending too much time in Fine Detail, even just...

Bundlemaker, Thanks for bring this up. I too would like to foster some discussion on this if it's relevent at this point in the thread. I referred to this as "intrabar PV" a short while back but I didn't explain it as clearly as you did. I spent a good part of the am logging PRV in a...

Jack (or others), Thanks for the debriefing. If you don't mind I have some related questions for you: As you can see from my snippet (YM 2 min), I didn't extend the RTL of the first "wide" channel (your green debrief channel) down far enough. I added it in hindsight (pink) after...

Hey bundlemaker, Thanks for posting your chart. FWIW, I drew in some shorter-term channels as well as gaussians for the last 2 cycles. It looks like to me the FTT shows up in both short channels and price is hovering around the RTL's on DU volume. It also looks like the last 2 cycles...

Yet another FTT/Gaussian combo example. I posted a less-annotated version of this snippet (ES 5 min) back in Journal 2. The emphasis then was on the fast-paced pink channel showing a FTT. This also is a cool example of gaussians as well. Three almost textbook gaussian mounds pushing price...

After debriefing yesterday's session, I've noticed a few things I thought I would comment on for discussion. First off, I'm working hard to indentify FTT's as soon as I can. Sometimes I spot them in the same 5 min bar they occur, sometimes a bar or so later. And of course, sometimes what...

mephistoII, I'm glad you've brought this up. If you take a look at the chart Spyder posted today, you'll notice the horiz. price grid lines are spaced by 2.0 ES points in a certain amount of Y space. On my monitor, this takes up ~7/8 of an inch per 2 pts. I could be wrong, but I believe...

C99, I posted this snippet a while back in Journal 2... <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=1315212> spooz

bundlemaker, Great question as I keep coming across these guys in real-time. I've noticed they sometimes occur mid-channel (like this am). It recently occurred to me that sometimes a faster paced channel could be drawn in that clearly shows the FTT. In this case, try point 1 at 10:00 and...

Spyder, As usual, nice chart! Thanks. I'm glad you are keeping things focused right now. I for one keep very busy drawing tapes, traverses, channels, gaussians, FTT's, BO's, FBO's, pennants, etc. This is a lot of work in real-time if your goal is to spot all of the "end effects". I...