Iterative Refinement

I tried several times to post my chart for today, the technical problems screen came up and told me to refresh. (no help) Is anyone else having problems posting?:confused:
 
Quote from Jesus_Freak:

FBO - A Failed break out after an FTT. Results in two bars outside of trend, but then a reentry.
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Or not reaching right trend line at all and resuming dominant direction. In other words in order for a BO to fail, it is not necessary for a price to come near to, or go through the RTL.
 
Quote from sscott:

I tried several times to post my chart for today, the technical problems screen came up and told me to refresh. (no help) Is anyone else having problems posting?:confused:
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ditto
 
Quote from romanus:

Or not reaching right trend line at all and resuming dominant direction. In other words in order for a BO to fail, it is not necessary for a price to come near to, or go through the RTL.
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I think that the long version is: FBO= Failing to break out of the right side trend line, or after doing so, fails to remain outside the trend line (right side) for one bar.
 
Quote from Spydertrader:

In case you missed it, this is an Aha! moment. :D

- Spydertrader
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I think I saw Mak saying the exact same thing:" For me the aha's came because of the "DU/VDU/FRV concept"

coincidence?
 
Quote from Jesus_Freak:

FTT - This is when the price FAILS to move from the RTL (NOT the left) to the left. This is THE indicator of change. It is always followed by FBO, BO, or another FTT.
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The price tries to reach LTL, moving towards it, but after failing to reach LTL it retreats in the opposite ( non dominant direction)

Quote from Jesus_Freak:

As far as drawing channels... this is where I can get confused.
1) the new p1 occurs at the Ftt (I believe on the bar right before BO)
2) The new pt2 exists at the first high (or low, depending upon trend) followed by a decline.
3) The new pt3 is at the first low (or high, depending upong trend) followed by INCREASING volume in the reverse direction.
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Get a video from the futures journal and Jack's Channel Document.
 
Quote from sscott:

I think that the long version is: FBO= Failing to break out of the right side trend line, or after doing so, fails to remain outside the trend line (right side) for one bar.
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Exactly:)
 
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