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FWIW, I found Friday to be tough also. Formations, followed by FBOs, and being slow to reverse or exit resulted in some losses, for sure. The YM bar you descibe sounds like one of those that start out looking great - inc volume on the PRV tool (QT) followed by the tool quickly deteriorating to...

FWIW - your blue channel gaus look perfect to me, so you've got the basics down. I wouldn't have drawn in the white channel, however. Remember, we need inc volume for a new pt 3, and we don't have that. We could FAN a channel, in this case the blue one, if we had dec black. But we have dec red...

You were asking the other day about lateral formations, BO, FBO.... here's the awesomest (?) example that I have. Note the FBO from the 11thish....

This is excellent advice. 4-6 pts/day makes you a VERY sucessful ES trader once you size up a bit. No need to push things. Take more trades as experience grows....

Yeah, this is what I use. No problems other than IB isn't active on Saturdays, so any updates to your FU needs to be done on Sunday, etc. Actually, there's a whole list of broker feeds available for QT. From a quick look, most are on there.

Made only 1% each when I sold 'em. Nope, no W avi8, nor dec volume. The way yesterday's low provided support, I was thinking a pop, sell rally, then another pop. Doesn't matter, I don't let those kinds of thoughts rule my trading. Just go with what I see.

FSTR - 43.50 WCG - 49.10 "W" day on futures? 1025-35 was pretty sloppy, eh? 2 outside bars in a row, LOL...

Yeah, tough for me too. Kinda like yesterday. The 1020-30 area has me wondering. YM made a lower low but ES made a higher low. This always keeps me guessing = wait for some synchronization.

That's about what i did too. +5%. Don't worry about what coulda been, focus on that you made a profit. If you're wrong, it could provide a good oppurtunity to get back in on a pullback. As it turns out, this was the right thing to do, judging by this mornings plunge, LOL....

Ya, low volume, lotsa formations, reversals, etc. very few trending bars/periods. But still, i thought last June/July/August was worse. A 5 minute bar was 4 pts, but it would see either end of the bar 2-3 times in each 5 minute period.

Thx! I have my moments. :) Other trades: Bought SOLF Friday 16.93, sold today when it turned mixed 18.11. +7% I keep expecting a huge day from this, but not coming through, need a good "market" day? Sold TGIC right away this am when volume was poor. Bought 7.33, sold 7.55. + 3%...

Didn't his tax advisor get dinged though?

Getting educated is good. Getting educated watching Freedom to Facism........ not so good. Here's a better place to research all your questions: http://evans-legal.com/dan/tpfaq.html

BIDZ- had a textbook FTT on Friday, was watching it closely this am. Gapped up 5% and so I waited a little, got in later than optimum. Bought 6.16 Sold 8.90 +9% Lotsa other fish today too. GSI, SNCR, SOLF, TRCR....

FU Changes: Deleted: EMS GSAT KMBG LKQX Added: BOLT JCG WCG CCC LDK. Note that BOLT was BTJ, so if your software rolled over the info on your charts, I'd say go ahead and do it. Also, I was unable to find float info for LDK, so use caution, unless someone can fill us in. Qcharters...

Too bad it got deleted. There was a nice little exercise in the graph you posted. Namely, spot all the errors in the gaussians. From memory, I saw 2...

Ha! Did you notice, however that when they questioned the pilot of the ultralite, they said they would match his forward speed? But Jamie pulled the tarp at the takeoff speed. 2 very different things, IMHO. Actually, we covered this. The plane's wheels needed to spin twice as fast, and it...

TGIC - 7.33 + 4.5% right now. Hammered out a 1 day trade yesterday in DRYS. +6%. STILL no overnight holds.

1- By RTL traverse, I think you mean a dominant traverse. RTL is Right Trend Line, not right to left. You can. Or dec black on the first day, then inc black the 3rd day works too. Depends on how fine a line you want to put on it. Generally, I will first draw in the dec black, and then change it...

Ah, here's where that fan question came from. You did it right IMO. But your gaus are still wrong. Forget the fact that the peak volume was black. What followed cannot be considered as dec red - the price was still going up. But again, you've got the big picture correct in that you bought...