The ideas that I trade by:

[v8power]

An update of PTG's chart.

The exact placement of the lines, that form the channels, is not important.

Observe this phenomenon and try to make better decisions:

EURJPYM5.png

I had a pitchfork drawn from who knows when pretty close to that. It allowed me to go from 113.60 to the HOD and then even tho I was mentally still bullish, I put on half a position short right before that massive selling at 113.75

[TheRumpledOne]

TRO.png (87.68 KiB) Viewed 3588 times

CHART ON DRUGS...LOL

I added some inputs and new options for where to plot the lines from.

extern bool Show_Open = false ;
extern bool Show_High = true ;
extern bool Show_Low = true ;
extern bool Show_Close = false ;
extern bool Show_Mid = false ;
extern color colorHigh = Red ;
extern color colorLow = Blue ;
extern color colorOpen = Orange ;
extern color colorClose = Chocolate ;
extern color colorMid = Aqua ;

You can turn the lines on/off.

[TheRumpledOne]

TRO.png (63.58 KiB) Viewed 3612 times

Using daily high / low

[TheRumpledOne]

TRO.png (52.75 KiB) Viewed 3601 times

Using the daily open.

[dr000]

So I just looked at this monthly chart. Am I just being silly?

I don't know wtf I'm doing!

[MightyOne]

So I just looked at this monthly chart. Am I just being silly?

I don't know wtf I'm doing!

Look for the breakout and then trace it back to the congestion.

Don't mark everything, mark what is relevant to the ideas that are floating around in your head.

Is price above the monthly midpoint?
If so then the direction is up.

Was there a breakout above the high of the previous monthly candle?
If so then take long triggers above and short triggers below.

Is the midpoint of the current candle higher than the previous high?
If so then use the midpoint.

for_dr000.png (21.24 KiB) Viewed 3518 times

NZDUSDMonthly.png (34.9 KiB) Viewed 3518 times

[TheRumpledOne]

TRO.png (42.8 KiB) Viewed 3503 times

Work in progress.
Added angles to the TRO_HL5 indicator.
Chart shows 15 degrees +/- from the last 5 daily opens.

[handy148]

Wow that is a good addition.

[salezyakuku]

opm.png (3.57 KiB) Viewed 3447 times

[salezyakuku]

Added Line factor - how many lines is worth new line. To correct calculate new profit lines.

opm2.png (1.97 KiB) Viewed 3405 times