Very good question Ian. When explaining this system I did detail that I also implement daily Support and Resistance lines. I use these lines for bounces and breaks, hand in hand with the 50 channel. Believe me, after months of study S/R lines are ...
Answer — 1. I draw my S/R's on the Daily and 4 Hourly charts. I draw them on the Zigzag tops and bottoms, dairly highs/lows and obvious key S&R lines. I also have an indi that draws Fib Pivot S&R's automatically everyday which are extremely ...
Screen shots — Right so here's my system in brief. I utilize a pair of 50 period simple moving averages of the high & low. These then create my channel. This channel is where I see the similarities in our systems. I then wait for a candle to ...