Time Periods and Mechanics

[Trader Question]

By then the flow change should be very apparent. One problem I see there is buying the LTP dot to ET as it enters congestion dealing with FTP.

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[pldot]

++++that would be buying resistance, no? Bad, Bad.

[Trader Question]

I have noticed that bands and 6x lines are far more valuable than nearbys in congestion.

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[pldot]

++++yes, could buy 6-1 up, etc...

[Trader Question]

I intend to concentrate on re-writing my trading plan from scratch. P&L is clearly very powerful but I find bits of it hard to describe some things definitively as an example "enter when flow shifts on LTP"

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[pldot]

+++of course, than pre-supposes you understand and can see the flow... If you can't, then that is a place to focus...

[Trader Question]

In my revised plan I would rather have "enter when two LTP bars hold support and there is a close within the envelope". Not necessarily completely mechanical but some more rules (apart form buying support etc.)

To more succinctly answer your question yes! I have made a lot of notes pulling out bullet points of 'rules' but am still struggling a little.

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[pldot]

+++you can test this out through your personal research al la Lesson four and if it holds up,then you are OK with it...

+++it takes time to see the whole picture....

[Trader Question]

just wanted to follow up and clarify a couple of points (mainly as I didn't make them to well). An aside, Any chance of asking Charlie to do a special study on flow ? I seem to remember a post on the web board by someone else requesting same.

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[pldot]

++++++Yes, support zone was large but the 4000tk flow did not shift until the bottom was reached. If you were watching the 4000tk flow, then should have been able to stay with the trade, and not exit early.