Iterative Refinement

[Mr_Black]

FTT trade

 

[Mr_Black]

this FBO was before the "FTT" sorry...

 

[treeline]

ES

 

[treeline]

YM

 

[treeline]

Log

 

[The Flaw]

Picture perfect point 3 down channel. Also notice the retrace channel FTT to help enter short even before the channel developed.

 

[Spydertrader]

Quote from The Flaw:

Picture perfect point 3 down channel. Also notice the retrace channel FTT to help enter short even before the channel developed.

You certainly miss a significant number of channels.

Quote from treeline:

ES

Very nice work. People could learn a lot from your annotations. A very nice example of a thoroughly annotated chart.

- Spydertrader

 

[The Flaw]

Quote from Spydertrader:

You certainly miss a significant number of channels.

- Spydertrader

Yes, I realize I don't have in every single channel. My goal is to make money trading the channels which are annotated at the big picture. The channels that I miss I do not see them as significant in real time, and am not able to trade them. But I do appreciate your input thank you.

 

[Avi 8]

Quote from The Flaw:

Yes, I realize I don't have in every single channel...

But trust me, I know which ones will make money.

...My goal is to make money trading the channels which are annotated at the big picture...

I don't worry about not mastering the first step of 'M'.

...The channels that I miss I do not see them as significant in real time, and am not able to trade them...

As I can tell which channels will be profitable ahead of time.

...But I do appreciate your input thank you.

I especially appreciate you starting this journal so I can advertise my product without paying Baron a sponsor fee. So really, thank you.

 

[TIKITRADER]

ES M8 Daily Chart June 9/2008


Daily ES bar formed a LL and a LH on decreased volatility and volume, following the point 3 down bar.

Total range of today = 21 points

% of range from previous bar = 40 %

Volume today was 77% of Friday volume.

Close of daily bar = 60% of the range today