My chart for the morning. -5 points. I traded everything I thought I understood but I find it impossible to make a profit today. A few times I was up a number of points but then gave it all away while the FTT was being formed. Will move to realtrading when I have 3 weeks of profit every day so starting from zero again as of tomorrow. regards, Ivo
For creating channel, on the ym for instance, the 11:26 bar is certainly a volitility expansion and therefore zero cahnce of being a FTT. But can this bar still be used for pt 1 of a down channel? Or must we start the channel off the true FTT at 11:28 _DD_
You can use either method to begin creation of a channel in the opposite direction of the current trend. Sometimes the Bar which creates the volatility expansion makes better sense to use. other times, the FTT bar makes better sense. - Spydertrader
Thank you. So there is no hard and set rule against using volitility expansion bars to create channels, just making sure.
When we compare a new high or same high within a channel, what volume do we compare the most current new high/same high to? An example would be todays ES 13:45 bar has nice black vol (after we BO'ed the down channel). Next two bars are decreasing red bars (same highs though). Then ES comes back up again and 14:10 bar comes back up and closes with inc black vol. However, I am unsure whether I compare this highs test (14:10) with the 13:45 bar or do I compare it to the 13:55 red bar. It seems to make a difference to me as one comparison shows 14:10 bars test of the high to be on less black vol, but if I compare it to the 13:55 bar It seems like this is bullish as the volume is greater. Thanks again for all the words of wisdom
Today's es. I found the gaussians more difficult to follow today so I over annotated to try to make sense of them.
Hi, Today I had some dificulties with gaussians... In times of CCC I always have some doubt in considering the all CCC block as "dec" or "incr" or to consider one bar a "dec" the other "inc" and the following "dec" and the following "incr"...and so on... Can someone give some help here please? Thanks, Pedro
Sorry, I know that was too complicated. If you dont mind explaining, when the 14:10 ES bar closes, what is your intial reaction and thinking? Thank you