P1- I see what you are saying. The FTT is a part of the forest resolution IF there is a second FTT that forms a PT3 within the old channel. This is often accompanied by an X2X before the actual BO of the original forest channel, and this is indeed an action point in my mind. For example, say you are in a run of the mill up channel, and all of a sudden the pace changes... I draw a new, steeper PT3 and use this as the "operating" forest channel. OFTEN the BO of the new steeper forest chan RTL coincides with X2X. Thus, I think forest exits depend heavily on watching X2Xs in conjunction with RTLs and at all times being fully aware of what the "operating" forest channel is (and not just using the first line you drew).
You have chosen to respond to an alias of hypostomus. One need look no further than hypostomus' many attempts to derail this thread in order to determine if the request to which you refer contains any validity or not. Should you wish to continue to converse with this sock puppet, please do so within the proper location. Hypostomus has created a virtual world where he converses with himself (and others as the case may be) by logging into ET under a multitude of usernames. Joe Doaks represents one of many known sock puppets hypostomus uses to derail discussions. As such, kindly continue this discussion elsewhere. Thank-you - Spydertrader
ES 15 Mar 07 Annotations seem to be going ok but resuts on sim are dreadful. Only looking at P&L at end of day. 12 trades today. -4 pts. Lots of small losses.
My ES for today. I carried over yesterday's channel (my pt 1 was at 15:40 yesterday). I'm not sure if this was correct, but it is what I did. It was a choppy day, but lots of points were harvested!
Something that needs to be addressed sooner or later by Spyder is transaction costs... Bid Ask Slippage and Round Turn costs added together... If anybody following this teaching process has the ultimate goal of seed level SCT as as 'Always In' then they need to have VERY low transaction costs per trade... as in $1 or less per round turn... otherwise i think a trader is beaten before he begins simply by the the accumulative high transaction costs that occur trade by trade even if his trades are profitable... First by the Bid Ask spread and then by the cost of $4 per RT trade or more... work the numbers... if a trader wants to stay at the Tree level then transaction costs will be a factor but not a killer... cj...
Hey - no problemo, Spyder. I guess it wouldn't have taxed my brain too awfully much to deduce whom I was responding to had I taken the time. Actually, that trade which I described was still pretty fresh in my mind, thus my response. Would ya believe I felt like I was actually contributing my first nuts and bolts realtime observation, and I'll be danged if it wasn't yanked. I sure thought it was a prime example of what we are all attempting to learn here. Had to deal w/ an uninvited kidney stone a few weeks back (I was thankful to learn about the pause in the syllabus on my return from the hospital), and felt guilty about not being up to the task of participating in some of the drills earlier this month - kinda felt like a drop-out. With all the anti - Hershey shit flying around ET lately, I did finally succumb to a little mud-slinging over yonder the past day or two, thinking perhaps it would signify my disdain for forum bashers of any ilk, and exemplify my appreciation for the efforts here. I state this solely to let my colors be known - that is all. Considering the additional fact that me and the keyboard are not what one could call a 'sychronized entity', I am happy to take the easy path to Lurkersville. I only hope I still retain the freedom to ask questons whenever my pea brain fails to grab the jist of newly disseminated info. On a closing note, may I suggest you consider your own advice - push away from the keyboard and consider the bigger picture for a minute. The ying and yang of all these cross-threaded verbal sparrings is actually quite comical - I sense you will find some relief when you allow yourself to just appreciate the humour, and ignore any underlying intentions, whatever they may be. Because it has no bearing in the real world ... Again, my thanks, and my best regards ...