Quote from BA_Trader:
All that mess at the beginning of the PM was a FBO of the ST short channel which started up in the AM.
We've been riding along a top of R for a couple of days - which you could consider the ST channel.Quote from makosgu:
CC=>BO=>FBO=>5M TAPE=>5M TAPE=>5M TAPE=>5M CHANNEL
Congestion wasn't noticeable for me. Just Convergence and Centering.
TAPE (ie. narrow volatility)
Had to navigate on YM and zoom out to stay loose. There are also longer term Fractal boundaries coming into focus. Would you be so kind as to inform as to where the ST fractals are. I scope and bound 5M, 30M, D, W, M, Q... I run all these sets on the SPX to avoid roll over issues and just periodically alt+tab the longer fractals front to back.
Kindest Regards,
MAK!
Quote from BA_Trader:
We've been riding along a top of R for a couple of days - which you could consider the ST channel.
The short I advised earlier was at the RH side of a R-L of this channel along R. Those tapes were (from this perspective) big amplitude odd harmonics along the RH side... if I was more skilled I could have really raked it in.
The last tape was a R-L traverse that FTT'd - that's when I suggested covering the short.
Generally I stay pretty loose about what I consider ST - I let the market organize itself and I use the different terms in a relative way.