Here is a another post by 8833broc. I am a little bit more nuts tho since I am a tad more calibrated to the YM's ebb & flow especially for segment like this afternoon. I take action when price breaks from the immediate trend. For right now, we're just doing the intermediate trend. However, same thing, different zoom. I am trying to think of the equivalent in options, but my mastery of options is not up to snuff... Not yet at least, but I'm working on it!
You can check this older thread where I've posted some of my real-time options trades, using Jack Hershey's methodology. It shows 1 to 3 day trades.
I'm trying to learn the volume formations i should be looking for when im looking for a FTT. However im looking over some old charts posted here with FTTs marked. The volume formations seem to differ between a /\ or \/ gaussian. just not sure which one i should be looking out for or both. clarification would be great thanks