At night - I do all the heavy lifting (draw / update ) channels / levels on the various charts Then heading into a session, I'll have TLs / and a couple of horizontal lines - already drawn on each chart - so then all I have to do is drag..., or create a parallel (see attached) - and place it Minimizes my time away from watching pre-drawn TLs.. and a channel / or horizontal line(s) A little time (and focus) saver RN
That does sound like a time saver. I would find my charts overly annotated. I'm trying to learn not to do that. Good idea simply having to add a parallel or extend a line. Is your attachment just supposed to be an X over an orange channel?
Yes Sir Up TL / Down TL / 2 horizontal lines comprising a channel - pre drawn..., and at the ready They are also pre-colored No need to fiddle fart around RN
I'm gonna try this. I'm not back until Monday. I would generally annotate premarket, and erase all after review to "start fresh". I need to change that.
On the 15 Min - create an overall channel - then leave it..., till it no longer in play The context capturing the move from cycle high to cycle low - refresh daily Also keep only the horizontal S & R in play..., and maybe a level (or at the most 2) the other sides of the S/R in play Cleaner the chart = the better imo RN
This all makes perfect sense. Going to start doing that to 15. Great idea! What do you mean when you say keep the OTHER sides of S/R IN PLAY? You mean a S/R zone of sorts?
S..., or R can come in the form of a specific price (1 horizontal line)..., or in the form of a zone (2 horizontal lines - making a horizontal channel) R or S in play is the line / channel price closest to R or S on the other side of the directly above = would be the next level of R or S - in order to have a target - for when price finally respects / or busts through the current R or S in play ============= Having said this - this only addresses 1 plane - price is also worked on the diagonal So the same exact principals / approach apply for the diagonal Only difference - its diagonal instead of horizontal RN