Quote from Jander:
Anyone care to take a stab?
O.K.
Quote from Jander:
1] long at 9:30
Actually, the signal is after 9:30 AM. ES Price forms an FTT on the Red carryover channel from the previous day. At approximately 9:32:15 we see Price begin to head higher on the YM (also forming an FTT on its carryover channel. Ym also shows increasing black volume.
Quote from Jander:
2] reverse short 9:50
Again, it's a bit past the open of the 9:50 bar when we have ES Price break the tape of our up channel. In fact closer to the close of that bar than the open. A little passed 9:54 on The YM, Price begins to head lower confirming a YM FTT. ES shows decreasing red volume here as well.
Quote from Jander:
3] reverse long 10:10
Looking at the ES, Price breaks our down channel with this signal. However, by monitoring the YM, we see an FTT appear much earlier and know the market plans to head higher. Even if one wasn't watching the YM, we should already see a 'Point Three up channel on the ES. From 10:10 to 10:15, we also see increasing black volume on the ES. Clearly this is a long signal.
Quote from Jander:
4] reverse short 10:45
FTT on the ES after two volatility expansions combined with decreasing red volume.
Quote from Jander:
5] exit 11:40
ES price breaks through the right side trend line signaling an exit. I gave credit here for
missing the FTT which occurred on the ES red down channel at 11:35 AM. Again, I tried to make things as realistic as possible - including slippage, missed signals and late recognition.
Quote from Jander:
6] long at 11:50
A second FTT within the Red Down channel forms a Point Three Up Trend (blue). The Gaussians also show a forming B2B. We enter long on such signals even at the most coarse forest levels.
Quote from Jander:
7] reverse short at 13:55
FTT of the most steep channel on the ES. Break of the right side channel tape. One may have chosen to exit here in an effort to 'bank' profits on the day. If so, the next short wouldn't come until 15:05 or later (whenever one recognized the Point Three red down channel). As a side note, we already went well past normal Peak Volume levels. In fact, many probably felt the 13:35 / 13:40 bars were forming an FTT, but based on Volume we could tell this was a flaw. If anyone was fooled here, don't fret it. With time and experience, you won't be - red volume levels were way too low for it to be an FTT, and you'll recognize that in the future (if you didn't already).
Quote from Jander:
8] exit on close
Actually, the exit occurred when ES Price broke through the most steep down channel (orange) Right Trend Line, but because the cash market closes at 4:00 Pm Eastern, we would have exited on the close.
The above signals / decision points were based on someone who switches resolution levels
between a 'Forest' and 'Tree' level resolution. In other words, a trader who feels comfortable entering both on an FTT
and on a Point Three. However,
all traders on the 'Forest' Level Resolution should have at least caught the Point Three Entry at 11:50 AM on the ES.
Hope that helped.
- Spydertrader
Again, relax, kick back, and remain patient. The market provides enough hurdles for us in real time. no need for us to go creating additional ones for ourselves.