R/R Thx for your help... I've attached a "corrected chart". My main green channel I drew in later in the day when I felt I had the point 3 at about 9.15am. I am finding it difficult to annote the text in real time so I mark the text (FTT FBO etc.).on paper. So I have confussed myself there firstly as the first lower green FTT ought to have been a red FTT as it is in the corrected chart..(probably over exicited at the ACTUALY seeing a point 3 !!!) The 2nd green FTT is valid as that refers to the lighter green expansion just above. Having said that, I had completely missed the lesson re not having FTT on the non- dominant traverses...thankyou thankyou..making sense piece by piece.. How are these situations to be annotated then..? I thought FBO had to push out of the channel line and then re-enter..? Are we to annotate any move that fails to make a non- dominant travers as an FBO..? Many thax
OT! We do not wish to invite the trollers in droves... The writing on the ET wall is usually pretty clear. "Don't feed the animals".
Great thread so far!!! What is the rationale for your comment that YM is smarter than ES? Doug ps-just wondering as this part of JH does not make sense to me.
This is a question Ive put forth too but watching the last couple of days with YM directly above ES I certainly see the value in anticipating the FTT's. As to the smart money, it makes sense to me that they can play their games easier on 30 stocks than on 500.
This morning was classic. Ive started using the translucency feature on Quotetracker and running YM right behind ES and scaled to synch. Makes it easy to follow. The ftts on bar 4 and 10 are clearly anticipated on the YM.
We walked out of that channel and into CCC. Oberve the extremely low volume levels on the ES and YM. I notice you have added a 'Volume Footprint' to your workspace, yet have failed to add the 'Market Pace' lines to your YM and ES Volume. Since you appear to continue to experience some difficulty 'getting it,' perhaps, you should take the advice others have provided you and re-read this thread in an effort to catch what you have missed the first time through. In this fashion, you'd stop inventing and start following directions. My comments are not designed to be 'mean' or impolite. I simply want to make you understand the valuable advice already dispensed in your direction. Of course, the choice remains yours as to how you feel it best to proceed from here. - Spydertrader