Some people are baffled by the accuracy of my lines & assume that I must be the
God of subjectivity...let me remove your fears by explaining just how simple it
really is to draw magnetic lines
The first thing people say is that "the angles change when you compress the chart"
& to that I say that 0* is 0* on every chart; do you cry that your horizontal line has
changed its angle when you compress the chart? "but a horizontal line is not an angle & therefore it cannot change" Then why do you move it? "what?"
You see, an angle is simply the movement of a horizontal line through time.
Don't tell me that you don't move your lines, I see you use the: OPENS, the HIGH, LOW, CLOSE, MIDPOINT, etc, I see you buddy!
Which of you has ever drawn a single horizontal line and left it there, fully content to never draw another?
At what speed, price over time, must price move at to close over a horizontal line? "........"
It must move at *drum roll* 'breakout speed'. "laugh"
There is the slow drift that we call "channel speed" and there is something faster than that that we call "breakout speed"; I am currently aware of no further distinction.
I promised to keep it easy so here is how it is done:
No matter which chart compression that you use: draw a 15* angle, find the cone, and then soften the angle to roughly the angle of the triangle
it is as easy as that!
Everything else is automatic...
anyone with the most basic knowledge of Pitchforks can copy what I do to a 'T'.
So don't hate on me for being 'special', take the time to be 'special'
PS: what happens when that yellow triangle slides down along the lower yellow line or when the
top of the triangle slides up along the lines pointing up? Do you see how triangles move? do you
see the 'sawing' motion?