Hey Spydertrader, When you mention price must breakout on increasing vol, what does this mean exactly? To what are we comparing the volume of a potential breakout to? Thanks!
yes...I have made some mistakes.. I have redone yesterday chart trying to match the gaussians and channels... Thank you,
I think I may have solved my own question, but please let me know if I am just flat wrong. The BO volume of, say the RTL of an up channel would have to be on increasing vol of the retrace channel as it BO's the RTL (ie as the upchannel's RTL is being breached this coincides with the maximum vol of the current retrace channel thus far) Am I close? Thanks for the help
worth repeating... PointOne on spotting a FTT http://www.elitetrader.com/vb/showthread.php?s=&postid=1297540#post1297540
Chart for the morning. Everything was clear. No bad trades and +3 points. Have to work on holding now. regards, Ivo
During the above mentioned time frame, we see several FTT's followed by several FBO's until finally price breaks out. - Spydertrader