Between two green lines is the zline long zone. Between two red lines is a zline short zone
I see your lines. I understand your lines being drawn from a wick thru what you see as momentum. What most dont understand is that low or high of the wick where you draw your line is a colorchange on a lower time frame which in turn is the origin of the momenutm start and stop.
My lines are drawn on the current time frame..... if I dropped to a lower time frame and drew them...then when back to the higher time frame they would be in the exact same spot you have drawn them.
doji
Dan wrote:Doji, I never understood how or why you pick and choose when to draw a zline, I can see others going the opposite way especially on the run up.
This is why I can't hold onto trades like you do, I'm trading from zline to zline on the daily chart as a way to get direction and this works well but I would like to have more confidence in holding instead of getting in and out.
Could you look at my lines (these are in addition to yours which I would have drawn exactly the same) and let me know why you missed these. Looks like raw noticed them too.
Did you not draw them because no green lines failed?
Thanks.