you can decide for yourself if you need more than this:
-Horizontal lines are the HL ranges of the closing price over 3 periods:
I don't require a breakout, just an idea.
-Areas are 5% of the visible chart and are used for risk calculations (x dollars per line):
if I want tighter lines then I can zoom in once or twice, call the script, and then zoom back out.
-Up and Dn are for the "dchappy stop loss", and are in line with the idea that "there is no reason to sell a rising stock":
sometimes you think that price cannot possibly go higher, and it keeps going higher.
-Aside from up and dn, the only other thing that price can do is accumulate horizontals in an area and move out of said areas:
we call the accumulation "in" and the move away from these areas "out".
-H3 is the idea of doing something, the micro view is where the ideas are implemented:
I could just use an H3, but I feel that it is better to zoom in when taking trades.
-The macro is everything that I might not see at my current zoom level:
the charts can look busy, I can fail to see something obvious:
how many times have you worked your a++ off on a small chart and then checked a larger chart only to realize that all of that work you put in to figuring out what was going to happen next could have been a simple 'long from a line' type trade?
-Risk areas to make areas and increase your position size to the maximum planned size with profits:
I don't care about points. . .do you care about points? the only thing that I care about is the money per area.
I will conclude by suggesting that you clear you mind and ask yourself what things you need to make an informed decision and get the bag:
do you need it, or are you using it because of a time and money investment or because it is somehow attached to your self-worth?
You don't need to see what everyone else doesn't, you just need to do what everyone else won't.
- the_technicals.png (94.56 KiB) Viewed 962 times
because there is some obstacle that you cannot perceive:
