Ride Sally Ride... i got stopped out twice for minors trying to go short the break of the Hourly low using the 5 min channels then took this one down from 1415.75... and getting out half at 1411.75... and holding half for prior day's low at 1410.75... clicking my HOLD button like crazy... so soothing... cj...
I paper traded the breakout and went short at 1418.75 since I was forcing myself to stop for the day (i.e. just papertrading the rest of the day). Wanted to run to lunch so I covered at around 1417.25 and then went for lunch. Came back and saw it at 1411 LOL.... sweeet for those of you that caught it for real...
The NYSE Tick has been a pong game... unbeliveable... +600... -600...+600...-600 finally got out of my last half at 1411... what a ride dat was...
Are We There Yet... This is the most boring up channel i am holding in since 12:12pm PST... doing a Friday return to +0.00 close... possibly... wake me when we get there... cj...
I often made the same mistake and sometimes still do, thinking I see an FTT even when the channel has not been formed yet, quickly after a BO. Or maybe it's just that sometimes the volume on the retracement that's impressing me. Well, if the bar is not very red then there's almost as much buying as selling going on so nothing to worry about. regards, Ivo
Today's attempt. Actually, was a pretty good day on paper. Please let me know if any of you have suggestions for improvement. Thanks.
You forgot to draw the volatility expansion lines on the green carryover channel. Also there's another steep up carryover channel that you didn't draw at all (+ it's vol expansion lines). Doing this you notice easier the FTT on the first few bars. regards, Ivo