Nice chart raw, you see it that way, thats all that matters... I have tried to explain this way in the past but seems to be so discretionary for each trader. The lines you drew, nice....and when you draw them and then switch time frames, traders may be surprised what they see? They just need to "see" in there way that is logical to them like we have found for ourselves.
and of course, Mo comes to mind again.....Keep it simple...
Lets clear this up. I'm not looking at bias or macD. I'm simply looking for what happens as price hits my lines.
It can only do two things, go up with momentum, or down with momentum.
The black rectangles (in the previous chart) are sup and dem, support/res, whatever you wanna call it. I find them simply by looking at momo and the candle previous to it.
Im only in the trade for 10pips at a time. That's all i'm looking for. If price happens to continue in the direction of my first trade, I stack as price crosses with momentum.
Doji said, you need a reason to trade in the opposite direction. That reason is momo in the opposite direction. If you don't see momo in the opposite direction, keep stacking.
This chart below is all the lines Im looking at. I don't draw em anymore. I just look for momo and the candle beside it. The only time I reverse is if I get a momo reversal.