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So many people fall into the same trap. The "theres no way anyone can do all that" syndrome. You dont do it all at once. Have you just tried drawing the channels for a few days? Its an eyeopening experience. Forget volume, forget dom, forget everythng else. You draw the channels. You start to...

They are of no real use unless you draw them real time.

I used to think your questions were legiitimate but have my doubts any more. You seem to be stuck in a rut and unable to extricate yourself MIkey.

Dont know about the others but I bailed the short as I always do when we get a lower low, following a wrb, on less volume which was bar 8. I am then looking for the next rightline bounce rather than reversing as I am basically only playing half the cycle which drives Jack nuts.

The ego is an amazing thing. To imply that because you do not understand something no one else possibly could either is tantamount to saying you are the smartest person in the world. Yet we see it all the time. Unbelievable.

Today was fun. Did a couple of reverses. I didnt make a whole lot but got a lot of practice. Most trades Ive done in awhile.

During the course fo this thread I have switched from trading ES occasionally to doing it exclusively as the more I traded it the easier I found it to trade compared to YM and I cant exactly put my finger on the reason yet.

There was no way I was going to be long in front of that number.

Becasuse bar 2 was an outside bar I was using the carryover channels

Modified chart re: commentary

tyvm:)

I would appreciate it if somebody has the full 2 min ym chart for today that they could post for me. For some reason I could not get any YM charts working in Ensign today and could not contact their support either. I would like to have it all in one piece so I can use it with the commentary. tia.

Thanks Jack. I love the bar by bar stuff. It helps a lot. I was actually very close to you through bar 22. I did not take the retrace to 22 but did short the bounce off the RTL. When I exited this trade I was over 4 points and went into protective mode which is what I was complaining about in...

I deleted the post as I decided it wasnt pertinent but when you pass on a trade like this you got a problem.

aweisen Your charts would be easier to read if you compressed them a bit. I use a 20 pt. range on ES. I think Mak does too.

Am curious about the channels this morning. We never actually had an ftt in the first channel so it seems to me that the true point three is the one we just put in. Comments?

Will be interested to see what the backtesters have to say. Should be fairly easy to code the parameters. Seems like it would work well with large swings but not too well in a low volatility environment. This method was posted in 2000 when things were a bit different.

I have stopped playing ring games online as it became apparent that there are more and more teams coming in. I still play tournaments, multitable and sitandgos. I am way ahead of the game but its not a living, just entertainment. You dont need a system. Sound, patient poker will win but making...

So friggin cool. Never would have figured that out. Ive been using daily price lines for quite awhile but never tried to place them on volume.Thanks Ireland. It seems like everything comes to someone who waits long enough.:)

Have you read this thread yet? http://www.elitetrader.com/vb/showthread.php?s=&threadid=12455&highlight=poker