Posting charts without an explanation doesn't tell much. I think you're suggesting freehand drawing. I'm not into that.
REMEMBER READING THIS, FJ? https://elitetrader.com/et/threads/whats-the-best-timeframe-for-using-ta.350487/page-6#post-5210835 farmerjohn1324 said: Like this? Oh yeah. Support Resistance trading is the idea here. check out the link below for an idea or two. Partial to Hammers at Support and Resistance here, the example shows how they can work, they just show Engulfing's rather than Hammers. Hammers to me can mean shooting star, hanging man, whatever, just as long as the wick is at least 2x the length of the barrel of the candle. What you might do before paper trading would be to look for 5 Examples of the Setup That Did NOT work, but keep track of the ones that did work by just keeping a count on a pad and paper. So the list will look like Worked iiiiii, Not Worked iiiiii. For the Not Worked, take Horizontal Screenshots that take the entire screen and include as many candles onscreen as will likely be useful to you while you are travelling and whatnot, just like you will use it if you like the setup. check out this link for an idea or two. https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-10#post-5014575
Where do you see freehand drawing, fj? The 50 ma and 20 ma? ? you serious? Keep Up! lol. questions? post em.
The Blue Dot Line is the CHART CALCULATOR tool. It shows conservative entry/ exit points. It shows Distance In Tics, Currency Value, Time Duration between endpoints, as configured. That last move Blue Dot Line displays a $550.00 move between endpionts. A 25 point NQ move yields $500 Bucks, which corresponds to the Scale setting on the right edge, as set for this 30 second chart. The yellow horizontal shows prior swing/ Resistance. That makes it easy to spot that HAMMER AT RESISTANCE Trigger. So you've seen NQ 30 minute examples, and 30 second examples. Chart time setting is displayed upper left corner. ("What's the best timeframe for using TA?") L
Even if you think what you are posting is clear and helpful, it would be more helpful for others, if you add comments about the point you think should already be clear.