ccain, what he said and one more thing then I will try to hold my tongue, by now if you follow along step by step you should have already proved it to yourself that this stuff work, if not then it's good time to start from page 1, it's never too late to start.
ProCrast. I forget to say, it seems a vital aspect of starting the next day is getting synced up properly and early, and that is best done from the carry over from previous day..hence my desire to understand the last phase of previous day (and every day going forward from here)...my channels would have given me different refence points for this morning, compared to spydertrader,s... all the best FilterTip "every day I wake up and realize I know nothing and then I smile "
I draw my carryover channel off the dominant trend from the previous day and extend it several days into the future. Right now, my blue channel from Friday is already extended through the end of Tuesday. - Spydertrader
Personally I don't care about this. I've been watching the market and annotating and I believe this stuff works. That is a requirement (developing the skills plus having conviction it works) for success, not the P&L statement of Spydertrader or MAK. I would probably compare my results to their results and would feel not very successfull and change my tradingstyle while being on the right path. Or trade bigger size etc. Best is to improve yourself IMO. regards, Ivo
I know this may seem out of context as we are focused on the ES mini. (and I wont make a habit of it) But I have attached my DAX chart for today so far.. I'm doing this just to reiterate the already stated fact, by spydertrader, that this methodology is applicable to other markets, especially for those that are only seeing this in the light of the ES... I know my chart is still showing a lot of forest floor rumidging (appologies spydertrader) but I improved re: the main channels and the tapes are ( for me ) a natural progress from one channel to the next.. The DAX is a different animal ( here in the jungle) but hopefully as the chart shows, no less affected by this methodology... My electricity bill this quarter will be through the roof....all these lightbulbs going on... best to all FilterTip "every day I wake up and realize I know nothing and then I smile "
DAX Chart Ps ..i uplaoded the wrong chart to start with and I have not been able to annotate or monitor since the last pink FTT...stuff to attend to..so the the chart does not have the necessary commentary or free space to the right...
Take a look at this snippet - note where I've put the circles marking a couple of linked FTTs early in the session.
FilterTip: I took a look at your DAX chart and only have time for a quick note right now. You are showing FTTs on non-domimant traverses (retraces) back to your RTL on the magenta and green RTL's. By definition FTTs only appear on dominant traverses as they fail to complete the traverse right to left, ie to the LTL. I hope this helps you to sort out a few things as you review the material.
Thx..by linked , do you mean an FTT that relates to more than one channel line..? BTW..what data feed are you using, some of our bars are showing different open/close ../ Thx FilterTip