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Hi mischief, I am curious as to why you had to sit out 3 months. Isn't it normally 3-4 days that you are prevented from trading if you get flagged as a PDT. I got a margin account from IB and took care of the pattern day trader issue. On the second question. Do you place trades with...

I spent most of the day doing a drill of looking for FTTs using an equity. I realize futures will be easier to do since the FTT's happen more frequently... however I am not there yet and I did it using what I use which are stocks. I was primarily using the 5 min chart but dropped down...

The link I gave is where the videos and the transcripts of some of the meetups in Tucson are located. To my knowledge those are all the video's that are publicly available. Spyder made at least one presentation at one of those meetups, I cannot remeber with video it is (probably one of...

The Tucson IBD meetup videos are located here http://traderuniverse.info/

Oh I see. I have been using the Equities Chartscript Version 4.1 scan and manually checking the rank. I did not know that there was script that shows the stocks with rank in a list.

See this post posted a day ago posted by spooz_trader1. http://www.elitetrader.com/vb/showthread.php?s=&postid=1279313#post1279313

Took at positon in DXPE this morning.

OK, I looked at my NVEC chart again, and noticed that I hadn't drawn in my taping channel (pink) shown in the new image. Even though the price is staying within the pink channels, can we still mark an FTT on the teal channel? TIA, I am still learning the neuances drawing channels.

Here is my chart for NVEC as of today. I have marked a FTT today on its current down channel (teal color). Which could potentially create a new channel marked in orange trend lines. My question to Spyder and others is this. Is is OK to recognize todays price movement as a FTT on the teal...

bundlemaker, Here is my SMSI chart. I have a IM up channel drawn in orange so I am not sure there is a downtrend currently until the price breaks the right orange line. I have marked a FTT on the (teal channel) not sure if the low volume the last two days affects it being labelled a FTT...

Sorry about that. I only realized it after you mentioned it. Since I have a wide screen monitor and run a very high resolution on my monitor. I will contact the adminstator to edit my message and remove the embedded image. edit: message sent to admin

Spyder This is a follow up on the DTLK chart you posted a couple of days ago. I have drawn the same lines (same color as well) you had in your chart. The only difference is the new price bars for the last couple of days and a new channel (greyish-yellow) and a new pink trendline. Basically...

I have included the ASCA chart and I have broken it a few charts to attempt to illustrate how I would have drawn the channels over time using Jack's methods. I have drawn the charts following the methods outlined by Jack in various documents. I am new to this, so I might have made some...

This is the same chart I posted earlier with some observations that I would appreciate if spyder can comment on. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1264895"> 1) I have circled in red the FTT and pt 3 of the yellow channel. This is an incorrect FTT becauese...

Thanks for pointing that out. I made the mistake because I was thinking the FTT point always is the pt 3 in the new channel. That assumption is wrong because I just looked at Jack's Channel document and I see charts where pt 1 is marked at where the FTT occurs.

Hello, I have drawn the channels for DTLK with annotations and included it in my message. I see a channel breakout happening now. This is mostly for my learning purposes and I would appreciate any comments / feedback from Jack, Spyder or other experts. I have labeled pts 1, 2 & 3 with...

Spyder, Thanks for the clarification.

Hi Spyder I think I still have trouble understanding the concept of FTT. My thinking was that a FTT occurs everytime the price fails to traverse the full path between the trendlines (from left to right or right to left ). In the post I have quoted, you emphasize 'same direction' as the...

I don't think that is the book. I compared the pages on Trading and Exchanges (using Amazon's search inside feature) and they don't match the pages in Jack's July slide.