My questions are all perfectly legitimate. Suppose that you went to a physician to cure a desperately life-threatening medical ailment, and he said to you "I will heal you with this technique I developed in 1956 when I had just graduated medical school..."
Polemies??? I'm an Archimedes man myself. "Eureka!" At the moment though, my absolute fav for study is Jean Baptiste. Multi-disciplinary... global --> local doncha know.
I replied to hypo because I thought my answers might add value to the thread. If not, no sweat. 3 items before I retreat to lurkdom and random chart posting: 1. hypo: the chart Jack annotated a couple of days ago leads me to believe that FTT is grossly misunderstood (at least by myself). 2. Q for Mak: How do you stay relaxed with your drawing tl's of the traverses? I've noticed that many of them are quite casually drawn, which may or may not be simply a limitation of your charting software. 3. Q for Jack: is FTT equivalent to the expression "the failure of the traverse"? regards, laz
I used to think your questions were legiitimate but have my doubts any more. You seem to be stuck in a rut and unable to extricate yourself MIkey.
Are the charts that users post with the channel annotations drawn in realtime, or are channels adjusted after significant price action? Thanks
So many people fall into the same trap. The "theres no way anyone can do all that" syndrome. You dont do it all at once. Have you just tried drawing the channels for a few days? Its an eyeopening experience. Forget volume, forget dom, forget everythng else. You draw the channels. You start to see how many times price bounces off the right line. You start trading those bouinces. Your on your way. Now you start looking for further refinements because you see this stuff working. Add a little here, add a little there. No. Everybody wants the whole package right now and they end up getting nothing.
hi grob, i've been discussing this with mak but i think i need your input on this too. regarding the 30 min trading, 3rd level/iterative refinement. from what i've read, i've put together 2 possible composites of the 30/15 minute directions. question1: is either of these correct? (yellow = regular 30 min, orange=inbetween) if not, what am i doing wrong? question2: if one is correct, how should i draw the trendlines to get me out at a more favorable price than in iteration 2? thanks i should have added, the 2nd example is 30 min regular, and 30 min in-between bars
Fair Q... For me, staying relaxed is the rule #1. If I am relaxed it is because I'm confident about knowing what is in fact happening now. Like yourself, I have a tendency to be rigid and thus being loose was a considerable effort (many 4 steppers). What you see as casual, I do in fact find to be rigid. The big big relaxer for me was noticing that channels themselves have consistent volatility (ie. width). SO we know, channels all form the same way, pt1,2,3 extend, and that channels envolope channels... I find the concurrency of YM & ES to be crucial. As a result, my mental pictures for the traverse channels and channels of traverse channels are rigid. What I mean is that when a channel looks to big, I know my scaling is off and prone to being hyper. Whereas pt1,2,3 are rigid for you, they are looser for me since I channel the traverse and best fit the channel in accordance to the many many weeks of drawing channels and calibrating to their volatility. As a result, my channels look relaxed. It is not coincidental, but more so a result of scaling the hyperness down. The variance of bar volatilities is fairly consistent. This is also true to a lesser extent for traverse lengths. Both are constituents of channels and as a result, the variance of channels is limited... MAK! And we're off...