Does such a program exist which, after you have your 3 pts already in place and channeled, will automatically expand the channel(s) when volitility occurs? I find it very tough to do it all manually, especially when I have 3 or so up(down) channels all with various slopes.
Wind... I am not aware of any such automation and if indeed it existed would strongly urge you to NOT use it. If you're feeling a bit overwhelmed with all you have to do it's simply a sign that you need lots (and I mean LOTS) more practice. It truly gets easier (really quite pleasurable, almost like a game) with adequate experience.
Spyder, Could you comment on the two bars at 11:35 and :40---I saw them as flaws and continuation down. But obviously not...do harmonics say otherwise? Thanks
The 1130 bar was decreasing red which should throw up the flag that change was a distinct possibility. my 2 cents.
Bundle It hasnt nothing to do with more practice needed drawing the channels, like I said this would be needed AFTER 3 pts have already been established. What I am asking is for the volitility expansion part of the process to be faster. Alot of times we see, right after VE and close of the bar in and up channel, an FTT of eqivalent highs (or slightly higher). By the time I move my line and see the FTT, its already moving in the opposite direction. Had the line been already VE for me (via some program) I would be able to focus on seeing if the FTT sooner. Not saying that this program exists but at these points of change, anything that would speed up the channeling part would be great
Each bar is 5 minutes long. It takes (or should take, after some practice) 5 seconds to copy, paste, and trim a line for a VE. If it's really difficult for you, I suggest doing it the easy way and instead of copying in new VE lines, just move the LTL you already drew out a little. Then it takes 2 seconds instead of 5.
Yes each bar IS 5 mins long HOWEVER we do not know in advance where the high of the bar will be, it could be put in in the first minute of the bar or the very last secs of the bar. Sure it takes 5 secs to do it, but 5 secs is a LONG time when you are in a trade, possibly looking to reverse, create the VE lines, evaluating if this bar is a possible FTT and placing trades all at the same time. I know most people arent trading live and think that maybe my posts about this are silly but once you start trading or thinking about all the logistics involved, it might make more sense what I am saying.
people who trade live have no problem with drawing ve. Instead of blaming the tool for not up to standard, may I suggest you spend some more months on drawing channels.
Windwalker I dont know what software youre using but Quotetracker has the fastest trendline capability that I know of. Simply clik on your left trendline and move it out. Takes about a second.
There is no need to be arguementative with me Nkhoi, I am merely asking if such a program exists. Like I said before, it has nothing to do with drawing the channels or finding the 3 pts, but when I have multiple up channels all with LTL of different slopes that need adjusting and very quickly, it would be much easier if some software could instantly place them appropriately at bars close. It seems you just jumped in to take a shot at me for some reason, instead of being helpful (like BearBelly was). Your "know-it-all" comments are unneccesary. Anyways, thanks Bearbelly, I will look into QT as my primary charting software.