Spydertrader's Jack Hershey Futures Trading Journal

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Quote from ivob:

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I though this information was somewhat contradicting, ES hitting left trendline (risk of volatility expansion / price continue going up) and the FBO on the YM. Then the Forest view helped because the bias was down plus the YM is leading. Without YM this move would have been impossible to spot because the 10:10 bar on ES could be considered an FTT but one that would be very hard to spot.
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Lets assume nothing about the bar indicated an FTT on your immediate term channel since there may be times where you might not even see any data that indicates an FTT. The fallback is ALWAYS the RTL (ie. the right side of the market). When I miss an FTT because I am elsewhere or screwing around checking out posts, I hold my RTL as the end all. Consider it a very dynamic and relevant stop. If the market moves against this barrier, then exit...

Long lunch today for the market???
 
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