OK let me show you some of Mr_Black's black magic tricks ....I am going to enter short when the grey TL is crossed with 20 points stop 20 points profit target...the contract is 6e chart is 5 min interval
times are chicago, at 09:58 and 10:06 both times it looked like red bars with higher volume, signaling the ftt. how do you determine, while doing real time mada, that it was not ftt? the actual ftt was at 10:16, the green bar, correct? the larger red bar at 10:12, on larger volume, is similar situation, in real time it looked like the ftt, to me. in general how do you determine if the ftt signal is 'too early' and the may be close, but not there yet?
@ Mr. Black: Thank you for the plain english explanation above the hieroglypics. I take it this is some kind of " dynamic channel break out" system? I note the channel widens on the chart with price--- Do you use stops and if so, please advise where they are placed. Best, TINS
Jack, When entering a non dom of a dom(3rd) of the first dominant . . . dom container I would soon look for change, but in the bigger picture I am still holding throughout the next non dom of the 3 part to build a completed dominant move and this requires a return to dominant and finally looking for change in the final dominant of the final dominant after identifying the non dominant of this sub dominant move. is this correct ? Thanks