I agree with your channel. This is the attachment to what I posted earlier. edit- I am looking for continuation to uptrend.
For those interested in how quickly Spydertrader finds a FTT, look at this snip from today's chart and note the time of the chart (16:02:50) and the annotated FTT. Also note the time of posting (16:05). <img src=http://elitetrader.com/vb/attachment.php?s=&postid=1706667 >
Another good day for annotating real time. Only trouble for me was the 240pm-250pm increased RED pullback. I was expecting a decreasing BLACK non dom traverse to follow. Then the market went B2B which caught me off guard. Other than that good day.
wow! it looks indentical to chart you posted on 12-05-07 04:18 PM ES daily December 5 /07 http://elitetrader.com/vb/showthread.php?s=&postid=1703597#post1703597
comparing to my data it looks as though the bar isn't completed and has an intrabar gaussian shift happening creating the ftt.
Think for a moment. Short Channel. Price moving lower on increasing Red Volume. We have an FTT. What must come next with Price and Volume? Decreasing Black Volume with Price moving back to the RTL, right? Then, we expect to see Increasing Black Volume as Price Breaks the RTL. Not a forcast, but what must come next. Here is what did happen .... - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1706753>
I am very often (it happens every day) too early when anticipating the point three. For example 10:30 + the one at 11:30. In fact on the first one I lose several points in what I experienced as chop. Often I am in very early, price makes a couple of small moves (seems to try to make a pt3) and together with my impatience this is enough to shake me out and miss the real move. So usually correct on direction, wrong on timing. Anyone else having this problem? I think it has to do with fear to miss the move. regards, Ivo