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Image did not attach. Here it is! Sorry!

If this truely was a point 3, we would have had INCREASING red volume following it. Looking back, we never got confirmation of a point 3. I viewed this as a tape instead of an FTT. If we would have had increasing volume, then we would have had a down channel with an FTT reversal and never would...

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What tells me at this point that we are forming a point 3 in an up channel? Or do we have to wait for further confirmation?

Todays chart. Good day.

Todays chart. Good day.

Today's chart.

the image i posted in the previous post is meant to dipict what i saw in real time (price bars were removed). please ignore the volume bars following my point 3.

I drew this in real time, but realized it could have went either way. Having trouble differentiating which information would have confirmed this as being a true point 3 in an up channel, as it played out to be. Any help would be appreciated.

Todays chart

Todays charts. Good day today.

I drew my channel in from yesterday. Would you consider this to be a valid channel? My only concern is the large bar that created a FBO.

Yesterday I went long on my first big picture FTT. Price was only two points away from my LTL, and I saw a peaking red volume bar followed by two increasing black bars. I risked the low of the last bar which was the low of the day. Shortly after price traveresed back down, and then the next FTT...

MY TRADES FOR THE DAY: Symbol Side Qty Res Price Status ExchTime ES/MAR08 B 2 0 1473.25 Normal 09:35:03.000 ES/MAR08 B 1 0 1474.00 Normal 09:41:31.000 ES/MAR08 S 1 0 1473.50 Normal 09:42:08.000 ES/MAR08 S 1 0 1474.25 Normal 09:44:28.000 ES/MAR08 S 1 0 1473.00 Normal 09:54:53.000...

Sorry, here is my M.A.D.A for the trades on the chart that I posted above. Symbol Side Qty Res Price Status ExchTime ES/MAR08 S 2 0 1459.00 Normal 10:40:48.000 ES/MAR08 B 1 0 1456.00 Normal 10:46:31.000 ES/MAR08 B 1 0 1455.50 Normal 10:48:26.000 ES/MAR08 S 2 0 1450.75 Normal...

Here are my trades for the day.

We have increasing black volume on a BO of a short channel. Is this where we are supposed to get long?

Yes, 2 contracts for the purpose of scaling out of trades.

This is the worst trading day I've ever had. I know I went against the dominant too many times. I thought I would post my chart anyway.

I noticed that your observation has worked very well. Is this strategy always used to help get you into a big picture point 3?