Here is another chart to give you an example of how trade ideas are generated:
This is a daily chart, the space of the lines have automatically been multiplied.
Here we are generating ideas using HLC P+F
(the additional rule that a close within an area creates a new point if it can do so)
& weak closes.
You could trade this chart directly, using a smaller position size, or you could draw a box around the area in which triggers are 'valid' and drop down to your small charts and further narrow down your triggers.
Although the EXACT placement of an angled line is subjective it is not that important to "get your lines right"; the only thing that matters is that the angle is 15 degrees.
- GBPCHFDaily.png (59.45 KiB) Viewed 4067 times