circa 55... CONTINUATION of the grey channel or BO SHORT is imminent... \/\/ day... <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1354922>
Lets assume nothing about the bar indicated an FTT on your immediate term channel since there may be times where you might not even see any data that indicates an FTT. The fallback is ALWAYS the RTL (ie. the right side of the market). When I miss an FTT because I am elsewhere or screwing around checking out posts, I hold my RTL as the end all. Consider it a very dynamic and relevant stop. If the market moves against this barrier, then exit... Long lunch today for the market???