Spydr, Mak, or others: Could you comment on the volume and price action of the 10:40 bar, bar 16 on todays chart? Thanks.
The short at 1402.75 in hindsight was not a real short signal. The market did drop a few points but this was just luck due to volatility of the day. So I might have scalped a few points there but that was not a good entry. The long I saw come in at the 10:40 bar with that hammer FTT which closed at 1401 or so. Tha tlong entry was a nice 4 point snatch. I just grabbed another point on a BO at the 11:20 AM bar. I got whipsawed in between those trades so I am flat but learning while flat is better while learning while losing. IN hindsight I see how I should be near 15 points or so for the day lol. I will post the chart soon when I have a chance.
I went long at 1404.75 and covered at 1405.75. Again this is still new to me. The long signal was not contradcited at all so I should still be in it where we currently are at 1408 for just over 3 points or so. Still not there on the exits or faith but working at it.
Sorry, I ment to attach the chart to my last post that it didn't get attached to. As to a HVS, I have been following this method since last November so I think that the leaders should answer your question. I am not trading live futures on this method yet. Just learning.
I anticipated without problem the FTTs (or they could be called FBOs @ the LTL if channels are flattened) at 11:00 and 11:35 and both unfolded as I had imagined. However, I missed the FTT at 9:50 completely and did not spot the change in trend till the 10:00 bar was complete.
Spotted the FTT at 09:45, no problem, but completely lost the plot after 10:20. Every FTT seemed to fizzle out, which in hindsight turned out to be a very volatile LTR traverse. The 5 min seemed âtoo coarseâ due to the high volatility, and I ended up widening my long channel 5 times. I found the Gaussians to be particularly difficult to follow. After each FTT I saw a BO of the current RTL but then b2b reappeared. Again with hindsight this looks very clear but it seemed highly confusing at the time.