The ideas that I trade by:

[Sacrophage]

Ask till he blue, the beginning player receives no benefit from the skilled player until he can put 2 with 2.

So true - also why keeping perspective is important - when simple works, why go for complicated? Most often, it's just a more complicated way to lose money.

[MightyOne]

On larger charts, usually larger than H1, drawing through weak closes creates a similar picture to drawing through the congestion of small charts.

I intentionally made the space between the bars as large as possible to show that it does not dampen the power of the 15 degree angle...it is magic, what did you expect?

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[MightyOne]

A spread of 63% of a line is a bit high...

The blue line is something that TRO is working on; he mentioned it briefly in one of his recent trading videos but I don't see any posts talking about it so hush hush for now, I guess.

I normally do not extend lines, it works but I usually just use the most recent data (the last down channel and draw a new up channel after that). I have, in the past, extended channels for days and watched as it went through the top of the chart and returned to respect the channel...so, yeah, do what you want.

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[anikazahir]

Cheers from bangladesh.

Dear Sir but how to trade this?
1. From 'pattern' to 'pattern'?
2. From 'pattern' to breakout?
3. From breakout to 'pattern'?
4. From breakout to breakout?

When and how initiate trade? What is the trigger?
Can you Sir give some examples how to trade this?

Your Anika.

I look for the simple answer in P&F and then look to the bar chart for further guidance.

Each point represents the line that is above & below it so that trades are triggered within an area.

Up-channels go up, down-channels go down.
If price is in the top half of a channel then it wants to go up or if it is in the bottom half then it wants to go down.

A beginning poker player plays his cards differently than the skilled player because the skilled player can read patterns and come to logical conclusions based on what is happening at the time.
Ask till he blue, the beginning player receives no benefit from the skilled player until he can put 2 with 2.

Trading is the same. Everyone uses horizontal lines and has simple systems and strategies (they know how to play their cards), but a few observant players can detect the numerous nuances of a chart and adjust their strategy to the situation (they play the player).

Best of luck Anikazahir.

GBPCHFM1.png

Thank you Sir for the explanation. I just have to believe.

[anikazahir]

:smt058 Your Anika.

Kiss saved the situation ...

You also . Thank you for your help in explaining the operation of the indicator.

[MightyOne]

Thank you Sir for the explanation. I just have to believe.

I like you already.

Each point is the area in which you can trade.

It is just like HIGH/LOW Point+Figure, the only difference is that price must retrace by 2 lines to draw the first point; it is a 2 box P+F drawn as a 1 box chart & the Points are the spaces between the lines, not the line prices themselves.

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[MightyOne]

[LINK TO PREV.]

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[MightyOne]

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.

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[salezyakuku]

I spend whole weekend on calculation MO Eights MOD, I wanted adjust calculation to my trading and my last week trades but MO MOD is simply perfect.

Then I realized that if calculations are perfect I can use them to draw 15.
As I still develop my coding skills I write/modify many indicatiors. Sometimes they are good for nothing.

Below you can find modifed indicator. I tweek it for fun but sometimes it is prety accurate.
It will stop working 10 August.

It use auto values base on Eights MO Mod but check example settings for better understanding:
GCh M1 - 15,20,2,600
NU M5 - 10,20,2,300
AJ H1 - 6,54,10,100
GU H4 - 4,120,10,100

Each pair is different so manual settings are better. (To time I solve some additional problems) .

IT IS FOR FUN!!! DON'T TAKE THIS INDI SERIOUSLY!!!

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[judokamak]

i love this, thanks salezyakuku