What you do is draw lines on a chart, true that hasn't changed in years. On an average day you describe 6 or 7 channel traverses. How many of those do you actually trade? DO you actually trade each of those FFT trades you draw on your chart with such precision every day? Good trading.
FTT = Failure to Traverse Don't take my word for it. Follow the guys trading over in The Equities Thread. They even post their trades the night before they take them. - Spydertrader
quick Google search found this lil gem: "I did try to wade through it but couldn't make any sense of most of it. I am not usualy Mr. Thickie and I can grasp most complicated theories but there doesn't seem to be any straightforward explanation of his methodlogies. If there is an Einstien around that can explain it to a dunce like me, I would appretiate it." And this one in hsi defense which was even better, "I am sure he does this in the full knowledge he will be pestered with questions and criticism, yet he reveals everything, but it is so advanced that very few are able to grab it or to realise the worth of what he says in his posts." Like the gal i used to work for (selling trading strategies) that got fired for making too much money and making her boss look bad. Too advanced, bawhahahahaah.
I am referring to the Futures thread. How many ES FTT trades do you actually trade each day? If the technique is such an edge, why not trade each and every one?
You've been provide with information that conflicts with your own firmly held belief system. Did you choose to investigate, and perhaps learn something to improve your profitability? Did you bother to exercise even the slightest amount of effort to find out why a profitable trader might give away something for free? Nope. Your actions revealed the quality of your character. Thanks again for the laugh. - Spydertrader
I don't 'just' trade the FTT's. The market provides other signals which indicate change throughout the day. As a result, I have between 8 and 14 trades on any given day. However, if one only traded the FTT's Yesterday, A beginner would have had between 2 and 7 trades. - Spydertrader