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Let me give it a stab... Use what you have. How many bars does it take (minimum) to create a channel? Right, two. This is called a "tape". So, this morn I waited for bar 2 to close and I had a lower high and lower low on bar 2. Connect the highs for the RTL and clone a parralal to the low...

You need something with tick playback. Esignal, Neoticker, and Ensign are some examples with this feature. Bearbelly lead me to Ensign and I spent the weekend practicing drawing my channels at 5X speed with Ensign. They offer a free trial period and they have about 2 months of data available for...

In retrospect, the 10:05 bar is clearly the FTT. If I recall correctly I annotated the FTT at the time the 10:05 bar closed. The 10:00 and 10:05 bar create a mini-double bottom, and geometrically it would have been impossible for the bottom of the 10:05 bar to have made a trip back to any left...

That's precisely when you'd expect to see increasing volume on that fractal.

I think Spy was pointing out how we had increasing black volume on the RTL BO, exactly what you'd expect after an FTT.

This is one tough day to nail down. In 2 months of annotating I have never seen such little followthrough bar to bar. I suspect it's an artifact of the huge range on Friday.

The orange channel is there because a new point 3 formed. Nothing has changed in how channels are drawn. By definition, a point 1 is "recycled" at least twice for every single channel. This is because the move from point 1 to point 2 (taped channel) breaks and a retrace on lower volume forms...

You didn't go far enough. Double click on the "Meeting Videos" folder. They're all there :)

I believe this has been discussed before in other threads. The answer to this question is that smart money causies the YM leading the ES phenomenon. I am only relating my belief, which in turn, was motivated by Jack's explanations. If you don't believe or agree with this, that's fine by me.

Steve, Your point 1 is actually an FTT of a channel which you do not have annotated. For this method to work it is critical that all pertinent channels be annotated on your chart. The red to red which confirms the new down trend happens right after the point 1. The sequence is: FTT...

Hah?

I'll be on vacation for next two weeks, so good learning (and trading) to all until I return.

Leaving early today but for those following I am posting what I've done thus far. For the first time today I have been able to identify flaws as such. It just sort of happened. For those trying and not there yet I encourage you to just keep annotating and annotating, it will pay off.

Calling it quits early. For some time now I keep observing FTT ...FBO.... FTT... FBO. I think it must be Friday afternoon :) Have a great weekend all!

For what it's worth Broc, I found today was tougher too; mainly because it seemed that there was little follow through on newly constructed channels. I stress, "it seemed", because I count up the number of constructions I have drawn in each day. I'm amazed at the day to day similarity in the...

Today's work attached.

I have been thinking along these lines and what Bear posted about geometry. Geometry is a phyiscal attribute of reality, it is not an abstraction like an equation. Furthermore, by annotating you begin to perceive that reality on much deeper levels. I myself (and others have even posted...

ivob, It can't be an FTT of the yellow channel because FTT's only occur on the dominant travers. The yellow channel is a down trend, so an FTT could only occur if price failed to reach the left (lower in a down trend) channel line.

Your wish is my command:) I've just been too lazy to get rid of it. I do apologize for the crazy color scheme. Believe it or not, it really helps during my debriefing. In a very general way, up tapes are black, down tapes are red/orange, flaws and lateral channels are blue, and all other colors...

Forgot the chart....