Hi cnms2, The plot in the center of the image is the 5m chart with tapes and channels. You can see the clues given by volume that a flaw or ftt is imminent. RoughTrader
What time of the day is it taken from? If you don't have a regular chart (this seems to be pre-market, and I can't read price and volume levels), indicate the date and EST time you were looking at.
sorry about that. I'm on the west coast and I keep my chart times at PST. just add 3 hours to the times you see. It is during regular session RoughTrader
What day? Your chart doesn't look like mine for today ... In order to comment on your chart I have to see the correct data, to draw my channels and gaussians. I'm pulling teeth ...
This is a random day I pulled from the past couple months. It is 9/11/2007. Regardless, I already understand the fractals hidden inside the channel that you point out. The problem is repeated FTT's that result in chop. If you take the signals, you'll churn your account. RoughTrader
They are not "repeated FTTs" on the fractal you're looking at. Not all the bars that don't reach an LTL are FTTs. As I've shown on your drawing, there are other channels that form inside the channel you're looking at. Gaussians should help you correctly identify your channels, but it seems that you're not drawing them correctly yet. 9/11 was before the ESZ7 became the front contract, and I don't have that data. The ESZ7 on that date was traded thinly.
cnms2, as I'm still just acquainting myself to this method, there's a lot still unclear to me. Would you mind taking a few minutes to describe exactly what makes these two points NOT ftt's? Thanks, RoughTrader