LOL. Here is the place to download from the above linked page: <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1373259> Once again, nicely done bundlemaker. - Spydertrader
A beginner rocket entry is a late entry into strong CONTINUATION - an established, fast paced trend. Once you are familiar with FTTs a rocket signal will feel uncomfortably late (but it is nice confirmation if you are already in). Even when presented with this "low risk" set-up, many people will still not pull the trigger because it "looks late", "its going to stop as soon as I get in", "it'll reverse" etc. I've been there, watching HUGE moves on the Nikkei and DAX from the sidelines and thinking to myself "too late" as the LTL expands further. I am much more comfortable getting in earlier. Counter-intuitively (how many times do we use that word?) early is safer (given the right context). It is also worth considering that at any price there is ambiguity and opposing views on future price direction. This method provides disambiguation.
You are closer than you think. Everyone is. All that is required is a human hair's width change in mindset. Alter your vantage point - so to speak. Begin to determine what one needs to 'see' in terms of continuation or it terms of change in the future based on the current context (market pace, channel location, sentiment and resolution level). Once everything comes together on the Coarse Level, you'll see its the same process - exactly the same - at the finer resolution levels. Price and Volume. It's really all one really needs. - Spydertrader
Thank you very much Bundlemaker. It helps a lot to see and hear everything explained again in such a clear way. There were few things I missed. Ivo
Okay. Do you mean in general price does not have to touch RTL or just after a volatility expansion? I just want to get this straight. regards, Ivo