DislikedHey scoops how are ya??
Mate what are the red channel lines and the S/R indicators on your screen?? can I get them anywhere?
Coffee and cakes not requiredIgnored
The red lines are just a trend line indicator that draws your trend lines for you. And the SR indicator just draws the major areas of support and resistance. They are there only to help you with the 4X basics, they change none of the rules of the BigE system, only consult them after all the TMS method rules have been met.
Price bounces off these trend lines all day long and it shows you a pretty good picture of what the trend is on the higher time frames. Ignore the bottom and very top trend line (that is where the indicator advises you put your SL if you were just trading the trend lines).
With the SR indicator I tend to take notice of the last area of support and resistance and levels where price has bounced off 3 or more occasions. E.g. Don't get too hung up on areas where maybe price bounced off only once 2 days ago.
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