I was looking to sell a point 3 here too, I just couldn't pull the trigger to get in. Not really sure where was the best time to enter. Anyones thoughts?
cnms When my son was 5, I made him learn timetables. He could recite them without any effort whereas his twin sister had difficulty remembering the sequence. So I used to ask him, "how did you commit that to your memory?" His reply would be, " I just knowed it." Beautiful baby language!! This morning, for the first trade, when I saw the decreasing red volume, "I just knowed it."
I had the downward trendline drawn already into the future, I was also monitoring prv, when the price bar bounced off the trendline near point 3, I was in. Please note I also watch 2 min ym and 2 min es charts to guide me. I hope that helps! Good trading to all
How were you able to account for the slope of the trendline that you drew into the future (in search of the pt 3)? Also, the rising vol from the 11:00 and 11:05 ES bars were somewhat confusing to me. You didnt see this as an issue?
The 1105 looks like an FTT in a larger up channel ... So callmate's pt3 entry may also be seen as another great FTT entry today!!!
Would you mind explaining or showing the larger up channel? I do not have one in that I see as in play. Thanks!
That up channel was broken on increasing red volume though. The up channel that was formed using 10:05, 10:15, 10:25 (pts 1,2,3). Price leaves that channel at 10:35 on increasing red volume, hence killing that channel right? This is why I looked for pt 3 of the new down channel. I'm not quite sure why you have 11:00 bar as a pt 3 of an up channel?