I have newb questions I hope someone can answer.
Can FBO's become FTT's? A beginner enters on ftt and exits if fbo occurs, while ftt to ftt is a cause for a reversal. What's the main difference between the two, aside from the fact that one happens from a right to left traverse and the other happens from left to right. Actually for that matter, can ftt's happen in the middle of left to right traverse or is it just considered fbo? This part wasn't too clear to me.
Also just random question, has anyone tried JHM day trading on crude oil? Or is it too spiky to find orderliness with it?
It's better to post an annotated chart with your questions. Sometimes there is a contextual reference that isn't communicated in the question that would make a difference in your answer.
In general, I agree with tiddlywinks with the following amendment.
FBO's and FTT's on the same fractal resolution are generally not the same bar. High Volatility bars can contain them. An example would be at RTL intersections of two opposing channels forming a Sym relationship with each other.
In a general sense, fbo's are only fbo's if they honor the original TL's established by pt1,2,3. If they fan or accelerate from this TL then they are new pt3's. Ftt's are also pt1's of two opposing channels to each other. One is ending, the other is beginning. The beginning one can stall and the original trend can continue with an fbo. Knowing that it's a continuation of a more mature trend is different than knowing it's the start of a new trend.
The reason they are different is that they are also finer distinctions of the development of a trend. pt1->pt2->pt3->ve->fbo->ftt is more informative than substituting the fbo's and ftt's with geometry point numbers.
