I was able to follow this morning. I seemed to be thinking FFT early. Hopefully I can catch up quickly. Except for the HVS, this morning seemed pretty easy. I have some issues with my software to resolve.
PC: Thanks for the exercise. I can see my need to sharpen the response a bit. When I first saw Jack put up this challenge, I thought he was kidding. I can't believe we are in the ballpark. Of course, I need to refine the answer further, and to practice until I can react in RT.
This morning's chart. Most of the time I had no clue what was going on. Also I hate these channels where price breaks RTL by a few ticks and just keeps on going the original direction etc. This seems to be happening all the time. regards Ivo
Ivo, I know what you mean by this. I was having this problem too earlier in the morning, but by keeping the forest view in mind helped look past these few ticks beyond the tapes. In fact, some of my taped channels are rather loose because of this.
Yeah well. We're supposed to enter on pt 3 and the above does not bring you in trouble when monitoring closely because you will not find this point 3. It's just that my chart is a mess and everything seems less objective because of redrawing lines etc. Ivo
Once again I was able to follow the morning. Watching the YM I got the 8:45 FTT easily enough. I was slow on the 9:00 FTT and the 9:15 bar really threw me for a loop. At first I thought it was a FBO and it took me a long while to realize the market was CCCing and was creating sort of a FTP. Way after the fact I saw the decreasing VOL that was part of all that and how that makes pt3. The white channels are the original and blue ones I did after figuring out the 9:15 bar and pt3. The blue channel seems more correct. But either way I'm not sure I can explain the bars at 10:35, 10:40, and 10:45.