Quote from Charly:
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Not bad - thanks
would be even better if they had mention their "leading indicators" as well.
Do YOU know them by any chance??
Ch.
Sorry Charly, for the delay. Trading using channels (= a pair of parallel trendlines) can be hazardous to your fiscal health if you don't fully understand what's going on. This of course applies to any trading method but for the moment we'll focus on the parallel trendline method. It's like going to a Japanese fugu restaurant where the most important person in the joint is the chef. If you don't trust the chef stick to hot dogs or stinky tofu.
If you do trust the chef, start with the safe bits and leave those nummy thin slices of liver till later on.
So, yes I do know what the leading indicators are but would suggest that you know CFBW cold before thinking about using them. However if you already know CFBW cold or think that you don't need to, then here they are:
The set of leading indicators include:
1. The YM price formations (2 min)
2. The Gaussians on the volume of YM (2 min)
3. The PRV bouncing ball on the YM and ES volume
4. The strech/squeeze graphic for the DIA cash as offset from the YM futures index (instntaneous with a persistant screen record).
5. The DOM shown as a button on five levels for both bid and ask. continuous feed)
6. The tick chart of ES and tick volume (5 min delineations)
7. The leading tick chart and tick volume of YM relative to ES (2 min delineations)
BTW, thank you know who, not me, for the primer and as well thank you know who for the list.
There are those who would say that the S/R stuff has little to do with the RTL and I would be one of them. Search ET for dbphoenix and experience the mental anguish for yourself.
Bon appetit,
lj
The sunazuri of o-toro is much safer.