In real time the last red bar was projected as a higher red volume bar. I entered on what I saw as a point 3 based on prv. The bar closed with...
Point 3 down made for a great day. Peaking red volume at the end of the day was also a good indicator for change.
I viewed this channel as being valid because it was only a FBO. Price did not break out of the channel for one complete price bar (BO). Every time...
I continue to post my annotated chart every day in an attempt to continue to learn this methodology which continues to work.
I know I don't have all the FBO's and BO's annotated. Any other help is always appreciated.
The area highlighted is where I thought about readjusting for a new big picture point 3. We did not have a break out on increasing red volume. I...
After the FOMC great Point 3 down, first in the YM and then the follow through all the way down in the ES!
My end of day chart. Cleaned the up trend so it only displays the forest up trade.
I was already out of the market on the peaking red 4:00 EST bar. Yes, there was a BO of my orange steeper channel on the following bar.
Tomorrow may be another range bound day.
4-25 ESM8
At my current skill level this methodology works best for me on days like today! It was already a very good day, but the end of day point 3 down...
Caught that steep up channel in the YM off of a sym pennant. Unfortunately, didn't react on the tape in the ES.
ESM8
lateral trade until the end
I had some difficulty with the volume today. It seemed as if there were some very strong moves w/ slow volume.
knew we were in an overall big picture up channel. Caught the non dominant ftt in the down channel, and then continuation pennants all the way up....
Big picture trending day
difficult day: slow volume
Steeper up channel ftt led to strong continuation through the short channel.
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