You are missing a few things, which I recommend adding, and you have added a few things, which, fail to provide helpful information. - Spydertrader
Thanks Spyder. I did have tapes there but deleted as I went along. Should I keep tapes on chart at all times? Lateral movement is what is not needed when it is not important?
Exited both postions VLCM for 11%. In fact I got out too early before lunch. I still don't think it has found its point 2. SOLF for 2%. Based on early price movement today I doubled checked the chart to see if I had made a mistake. Long still looks right direction however as price continued to go lower in the afternoon I decided to exit and possibly wait for the point 3. Edit: currently flat. Did not have a hotlist for today.
I thought I had an answer for you. I really did. But after seeing what happened today between 1525 eob and 1550 eob and how it has been annotated, I no longer do. Apparently what I thought I saw as an answer is not correct. Have to go back to the drawing board. Sorry for the confusion. The road to hell is paved with good intentions and littered with sloppy analysis.
(1) Correct. Modified-VSA nomenclature hangover. An ET search for a definition of peak volume as it relates to futures, using "peak volume + your handle" failed to yield an answer. (2) Thank you for answering my query. (3) I do comprehend exactly what gman was trying to do. I chose to respond to his rhetorical question. Do you think you could possibly answer my first blue-colored query which for the sake of convenience I have reproduced below: If I have understood you correctly, what you are saying is that CO Channels are not of utility on days where there is a large opening gap and on days where there is little or no gap (so-called split opening) their use is unnecessary if a trader is oriented to the market. So in short, you don't use CO Channels and begin each day the same way by monitoring from the close of bar 1 (if trading End of Bar). Is that correct? TIA lj
Tape = Two Price Bars with 2 of the 3 points (Point 1, Point 2 & Point 3) on one of the two Price Bars. 'Chubby' Tape = Minimum of Three Price Bars with Point One and Point Two on the same Price Bar with Point Three located minimum two Price Bars into the future. Channel / Traverse = Minimum of Three Price Bars with Point One, Point Two & Point Three located on three different Price Bars. FT3 = Where Point Three, Increasing Volume and an FTT all converge on the exact same Price and Volume Bar.
This is an interesting thread and I am glad I came across it Please all review the following from Clym My question is can someone post the code ? That is there are a lot of clever people here and if Clym can do it, can someone else replicate what he has done and would they be willing to post the code. I already sent Clym a PM but no response Secondly, it seems if you watch his youtube video he has figured it all out, why are we still manually plotting channels ? If this has already been answered in this thread or some other thread please post the link Thanks