Chart Explanation:
Charts are price and time based, Red X on the charts is time factor. When Red X is reached, signals potential turning point on that time-frame or lower time-frame.
Channel Bounds are Green and Black
Trade Suggestion: Take trades when price returns to Yellow, Red or Black, and if BuySell signal on bottom left of chart matches next level-up time-frame BuySell signal, or next level-up time-frame's BuySell signal is opposite but its Red X has been reached on bar open:
Yellow: Take profit when 1) Price reaches green 2) Price reaches red X on bar open on its time-frame 3) Red X is reached on bar open of level-up time-frame
Yellow: Stop Loss when 1) Price crosses or closes below red for buy, above for sell 2) for tighter SL, when price crosses or closes below yellow for buy, above for sell
Red: Take profit when Price reaches Green
Red: Stop Loss when Price crosses or closes below red for buy, above for sell
Black: Take profit on Green
Black: Stop Loss when Price crosses or closes below black for buy, above for sell
Legend for each price per current bar is given below chart
Charts are price and time based, Red X on the charts is time factor. When Red X is reached, signals potential turning point on that time-frame or lower time-frame.
Channel Bounds are Green and Black
Trade Suggestion: Take trades when price returns to Yellow, Red or Black, and if BuySell signal on bottom left of chart matches next level-up time-frame BuySell signal, or next level-up time-frame's BuySell signal is opposite but its Red X has been reached on bar open:
Yellow: Take profit when 1) Price reaches green 2) Price reaches red X on bar open on its time-frame 3) Red X is reached on bar open of level-up time-frame
Yellow: Stop Loss when 1) Price crosses or closes below red for buy, above for sell 2) for tighter SL, when price crosses or closes below yellow for buy, above for sell
Red: Take profit when Price reaches Green
Red: Stop Loss when Price crosses or closes below red for buy, above for sell
Black: Take profit on Green
Black: Stop Loss when Price crosses or closes below black for buy, above for sell
Legend for each price per current bar is given below chart