Quote from tomahawk:
Nice-looking charts.
Is there a single page or document someone could point to where one could find definitions for all of these abbreviations? "FTT" is one I know for sure ... but even that stands for different things, depending on which thread you're in.
Thanks.
Quote from rainman2:
Unfortunately, there is none that I know of that has all the vocabulary on one page. Also, the vocabulary has evolved over the years.
Understanding a FTT is certainly a good place to start. Look at post 1,2 and 3 at the link below for hopefully a clear definition.
http://www.elitetrader.com/vb/showthread.php?s=&threadid=83604&perpage=40&pagenumber=1
How do you presently trade? price action? indicators?
Quote from tomahawk:
Thanks rainman. I would say I trade mostly S/R and volatility. I look for reversals, not so much looking to join an established trend. I do love channels on a wider scale, so that's why I've become interested in the methods/charts talked about in this thread.
I've always had a burning question about the FTT ... in general, what is the signal for the trade? After all, an FTT is only truly a failed traverse once it violates the defining TL. Is that the point of entry, or is there an earlier one? ... if there is a "nutshell" answer to the question, I'd love a response. - Thanks.
Quote from tomahawk:
I've always had a burning question about the FTT ... in general, what is the signal for the trade? After all, an FTT is only truly a failed traverse once it violates the defining TL. Is that the point of entry, or is there an earlier one? ... if there is a "nutshell" answer to the question, I'd love a response. - Thanks.