In retrospect, the 10:05 bar is clearly the FTT. If I recall correctly I annotated the FTT at the time the 10:05 bar closed. The 10:00 and 10:05 bar create a mini-double bottom, and geometrically it would have been impossible for the bottom of the 10:05 bar to have made a trip back to any left channel line. I think though, a different answer to your question is what you're seeking. I annotate FTT's at the earliest possible time. At my skill level, admittedly, some of those annotations are closer to guesses. What I am slowly getting into my ever so thick skull is that earlier, incorrect guesses can make you money. It's the need for confirmation that costs ultimate success at this game. There are several useful pyschological models that spell out various basic human needs. Some call it security, some call it certainty. Call it what you will, the market pays you for NOT needing security or certainty. Amazingly, in the end, by not needing certainty you end up with consistant results. Go figure
Spyder, How are you able to annotate both the ES and YM in realtime and also trade actively? Your ES is so detailed, it looks as if this alone takes all of your time
Thanks for your answer, I had the 10:05 as FTT also, annotated probably a little later than you (I am still very new to this). The fact that the red volume is less on the 10:05 bar than the 10:00 bar also may have helped determine FTT?
Mental capacity grows through exercise. NIKE has it down cold. Just do it!!. The anti whipsaw is beginning to show up. This will be something you will never forget and it may seem counterintuitive at first.
Concerning the ES, The Highlighting, Circles, Arrows and Block Text I add with the Screen Capture program (Snag-It) after the market close. The channel lines FTT, FBO, BO and Points 1, 2 and 3 - I annotate in real time. The process doesn't require any more than a few seconds to complete. With respect to the YM, I only annotate the larger trends which require even less time. With enough practice, annotating charts requires very little time out of your market day. - Spydertrader