bar channels

demo


(overall, as of 07232010)


description

candlesticks. Logarithm vs. midline nature of them. To go mostly only one way; or, express a deadlock between two of the same; or, a build one way and then a spasmodic letgo of that build due to crossed direction of pressure.

-------------LINE PATTERNS : four descriptions of types 1-5-------------

NAME (APPEARANCE)
1 internal (pivot/dot, level/line)
2 both/shape (blur)
3 repeated
4 rolling (differentiated / L:M-repeated)
5 castle (symmetric) opt. off rolling
CHARACTERISTIC (EXPRESSION OF PRESSURE)
1 a simple internal L:M relation
2 regular polygon (n=3-4, infinite: triangle, square, circle; to produce dot, line)
3 proxy line balancing the other TL's fro,at,to
4 dependent dot or line (set) the patterns related to it actively react with L:M-wise
5 parallel (hi,lo, mid true, mid natural, logr) lines
CONTINUITY (NO FALSE EXPRESSIONS OF OVERALL DIRECTION)
1 N with occasional partial Y help on pivot
2 somewhat random percent of Y
3 immediate N within pattern's area, then Y for a medium while after
4 Y within its set area and then during TLs' affect
5 Y, multiply divided (only split, with rolling) and thus, in a sense, forever
CONTROL (LENGTH OF HOLD PRESSURE HAS ON DIRECTION)
1 immediate
2 shape-dependent
3 moderate
4 proportional (while others do)
5 reframes continuously (anchors for longterm, off rolling)




----------various indicators to help select potent and easy line patterns---------

1. Volume Teacher v4. High-volume candles, very low then very low - volume candles, low-volume candles. Matching, opposing price range in the bar(s)/candle(s); helps select more potent TL's when mixed with other indicators.
2. 1,2,3,5,8,13,21,34 sma's, single color (personal, likely not ideal, choices) on 'None' most of the time). V's and tiny circles with all lines within them. Price-time line progression along horizontal TL segments.
3. Market Hours. 2-12 pm volatile, 12-2 calm, 1-3 pm turn. Opposing repetition, change in trend.
4. DutchCandle. Ordered (ex.'s: solid, spike, logr-curved ramp, flat ramp, flat, mountain, valley, and plateau) shapes to figure direction and draw TL's from.
5. Zigzag. Symmetry (pivot trend) angles. Entire-area pivot switches, repeated logr's from one s/r touch to the next, and others. A native sense of the angles helps, especially in speedy read of chart.
6. and others

examples example 1: slideshow, template; ex 2: s, t; ex 3: s, t; ex 4: s, t







.


____________________________


(older overall)


.................... line patterns .......................
The way I see it, chart patterns are made to draw TL's that determine where the price-time line will go next. The pinnacle of drawing TL's from line patterns is when one can get a bunch of TL sets in a row that explain how the area attached to each of them operates in relation to all the rest of the chart areas of the same size. This is a TL series.
After I made my first TL series, I was finally convinced that it's possible to draw even the more obtuse TL sets and trust them without the chart history right in front of me. Standardization should increase this impression.

standardization of the types of TL's I usually find effective, and lots of examples of TL's using this template (each with an EST template, a sketch, and/or pictures of close-up of the area prior to the TL (set), TL (set)'s origin, progression along its lines, end point of its lines, and/or overall impression): 1 sketch, origin, overall; 2 sketch, origin, overall; 3 i, ii sketch, origin i,ii,iii,iv,v overall i,ii,iii,iv,v;
TL series (which uses simple logic to follow through one TL (set) after another, each TL (set)'s area regular or condensed/expanding) (templates (in EST), some with pictures): 1,






Individual chart drawing ideas. Home of bsTL's , an overview. Includes logarithmic cycles

09192010 viral grid -- ordinary ex. and its tpl. Draw a right angle of two trends, only, have no connecting point; then, using same numbers and the usual halving (90, 45, 22.5 degrees), start at a third anchor and subdivide it for the next several directions.

05172010 made a template of

05162010 a usually useless early (called this from the days I posted charts with a series of pip lines that had early lines that never touched anything) line crosses with a level line to make a crossover point, whereupon a third line is drawn through this crossover point from a similar candle setup to the early line's 1

05072010 a 2-repeater with a weighted third making one line go backwards a)
a 3-repeater with a derivational midline that runs from price-time line entry to exit between the fan TL's b)

04222010 a deviation TL and a midline 1
-- 05162010 restudy: Price centered at 1.534, not the lower set of white lines at hre; thus, the midline shown needed its midpoint to be in the middle of the two sets of white lines, which is easier to understand than to try and figure which line in the upper set of white lines to choose.

04102010

On a well-balanced line such as an anything line, multiple midlines between different turns and a pivot-set anything line allow extra use of the anything line:

05172010 A multiple example of drawing from the above type of pivot through a significant midline, that is, overall, 1, 1a, 2,3, is given in this template (EST).

A similar idea is a corner that the price-time line supports the lines of -- Draw two lines ninety degrees apart, then draw a TL exactly between them (45 degrees) or at a 90 degree angle from the 45 degree angle within the corner. Shown is this along a logarithmic settle from a high, so that the price-time line touches the 45 degree TL made once (with a few more to be sure) and then rebounds not to return: 1, 2

(these two go with the rest, to complete picture) 1, 2

another use of vertical-angle trends around a pivot: The last use of a lt TL: 1

03--2010
One goal of mine is to make each TL I draw as informative as possible, in particular how small patterns react to the TL and change the next pivot's time and direction.(The method 'condensed logr' does add valuable interpretation of the chart; the highlighted shapes develop on the TL enough to make worthwhile keeping the TL. It's an example of how I work to view pivots, so that the area following the pivot can be understood with extra TL's from and around that pivot.)





Here's a new way to draw trendlines. Enjoy and share.

To me, trendlines range from being anchored at one position on a bar to being the or at the midpoint between two other points. bsTL's are the former, pip lines fall somewhere in the middle, and trend (or 89sma) centerlines the latter.

edit: 89sma centerlines can be non-89sma-related, the list below excludes one-pip lines (which were, for a while, under balance lines, and which connect two consecutive bars each with a one-pip spread,) and the emphasis is now on one-pip lines over hi-lo channels, the latter of which most of below discusses or gives example for all types of bar channels.

Another thread's post shows an example of proficient use of bar channels.

An exact way to draw a midline for any bar channel is to make, in 1*1 scale, a point where the two lines cross, draw a horizontal midline whose middle is at that point, draw a vertical midline at each side of that horizontal midline, and draw a ray between each of these vertical midlines.

Learned how to draw pip lines better: A lot of bars look like 1,2,3 pips wide, and are 1 pip wide, and visa-versa; also, only a particular range within the 1psb's is the body, even though it is only with a 1 pip spread.

other threads' inclusions: 1, 2, 3





Some of the more effective types of bar channels include

1. same-spread bar channels, which affects/studies a close-up, compact area;
2. small-spread patterns, each of which project TL's of their effect into a wide, thin, disperse area;
3. balance lines, each of which affect a medium, compact area;
4. convergence lines, which affect a large, compact area from one vantage point; and,
5. crossover points, which projects TL's of their effect into a large, compact area from almost any direction.

Finding effective spread patterns takes practice. A few starters on where to find them are in an area
with

contrast --
Small, very low-spread areas next to very high-spread bars and within a logr curve (natural (vs. 'logarithmic cycle', a construct applied to an indicator such as bsTL's)) for the high-spread bar (> 5'+ TF)
balance --
the widest, most-balanced areas (> condensed 1 TF)
conclusion --
a measure of the volatility of each of consecutive screen-wide areas revealing one area that seems to 'conclude' the ones before it (1' TF)
height --
the highest-spread bar in dozens of screens (various TF's)
bunches of high-spread bars (> in lower TF's)
a tiny area where the price-time line 'bowties' through it (various TF's)
event --
the Friday-Sunday gap (expanded 1'TF)
some of (NFP, : ) the most high-impact news, if coupled with an otherwise unexplainable, very large wave area or other unusual shape (mid (5'-30') TF)

and any other types of areas effective bar channels are found in.
Once get into the 1'TF of the chosen area, a logarithmic cycle with bsTL's would be worth doing around and before the unusual spread pattern found.

-----

overview

Charts are in a range of spikes and its digestion, to balance and its volatility; put with current vertical lines, that is, news and sessions, these two categories group news lines, session (horizontal) midlines, and 5'TF spikes, and then news (horizontal) midlines, session lines, and flat balances, respectively.



To measure around these lines and their midlines:

1. 1' only: Logarithmic cycles (defined as trend centerlines ( trend centerlines' right angle (or, essentially the same, where some are parallel or same-origin-point), which is variously with its midline an in-trend or fall from the top of the trend ) and the same-spread bar channels (especially the opposite doji and the spinning tops separately forming s/r lines or bunches that run continuously through the cycle) after which they find closure with level (go horizontal), find a spread pattern, and create a dot for the turn) on the 1'
2. 1', used longterm: Logarithmic cycles that follow (or, occasionally, precede) a large build-up that needs explaining, such as several condensed-1' areas of different volatilities, a huge wave that has near its finish an NFP news item, an especially large small- (or other-) spread pattern, or an especially well-placed, regular event such as the Friday close's bar channel determining the Sunday open's gap and thus need to stay on the chart longer than the usual 1' one

One can save time making templates for current vertical lines (news, session, 5'TF spikes) and for l.c.'s used for more of the longterm view.

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Making bsTL's more precise: 1,http://i45.tinypic.com/rk4y92.jpg, 2;


--> Check the history of a price to see how the chart acted around it; note special patterns beginning at the price. Draw inside of a random spread pattern, no matter how good it is; one of the pattern-based derandomizers such as "eur/usd patterns"'s #61-2's shape areas and related noted in the journal's entry just after then, can determine trend direction or at least instill purpose within the pattern.

12312009 New approach's TL anchor varies from a couple/one to a complex, little pattern to random-and-separate:
bl(|,/ or _, alone) .................. a couple/one
sp(| or _, alternating).............. a complex, little pattern
md-tcs(|_) ........................... random-and-separate
-- a variance of logarithmic cycles, where balance line includes level and dot. Expands tc, regulates bl, lets sp be.

1012010 Another approach pvbl anywhere, where previously defined with either tcs-lsa-ld or sp-(0-90 right angle) balance:

A big ol' 5'TF-effective bsTL (as idea) and an educated guess drawing its logic series (as reason to use idea) to fill it in is enough to trade on. (01032010)

02052010 A trend's advance of intersection, including the intersection's direction and thus time it intersects:






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Part of the bsTL microverse: Overview, patterns (or, those with fewer or more candles), TF use, trading. (And its future: automatic; precise.)

In each example, I strive to make the pictures self-explanatory. More detail is in the words.



Alright, here's your typical trendlines. I may have drawn them a little off, they may be in the wrong place, etc. The point is, these are trendlines.
The problem I found with regular trendlines is that they are poorly connected with the rest of the chart. Why draw them, really? The price has returned to that price (on a horizontal line) or row of prices (on a trendline). That's it.

With bar spread trendlines, you get more. Drawn well, bar spread trendlines project the general flow of prices for the next several hundred bars; at least, they're one reason, and thus an influence on how, the next several prices are doing what they are doing.
Let me give you an example. It may be a poor one, please bear with me.
The market opened last night in GBP/USD. There was an initial fall, as so often happens on Sunday's open, jarring the patterns from the week before. Right after this, there posts a lot of bars that have low spreads; a low-spread area, if you will. It's not an extraordinary low-spread area, it even has an interruption in the middle of it (which I saw with CDRW Spread) to give one pause on whether to consider it as a decent low-spread area. Only, the set of low spreads is big enough in the right place, right beside a decent drop, making in one's mind's eye, if not on the screen, a ninety-degree angle. Anyhow, it's significant.

So the low-spread area ends, and a volume spike (which I saw with TicksSeparateVolume, which gives separate up and down volumes on the same bar and with ticks, the most-accurate representational unit forex has, as far as I know, of volume) begins a new price-time line area. (Yes, I've read, volume is notoriously bad in forex. I'm only considering relative volume (see VSA threads for more information) for medium-to-high contrasting values of volume, so slightly off values are okay. Just divide the utility of volume into several variables such as I have, and you'll understand where I'm at on this.)
This new price-time line area, it turns out, is the start of a reaction of Sunday's initial drop with the low-spread area that follows it. That reaction is still going on, over ten hours of 1' bars later. This is how I drew the pair of bar spread trendlines: I took the high and low of the bar that split the low-spread area and drew a bar channel to the high and low of the bar that went with the volume spike that ended the low-spread area. I made a ray of each MT4 trendline by checking off the little box and then condensed the entire chart's spacing of its bars to view the effect of my bar channel. What I found, having the hindsight of several hours of bars, was that, first, this bar channel crossed, and it crossed fast, and prices aligned with each line after the crosspoint; so, it was a crosschannel.

(Note: If anyone takes exception to the names, suggest another, and I'll gladly consider using yours instead. This even applies to the entire concept's anchor name of 'bar spread trendlines'.)
The crosschannel, luckily for me, feeds nicely into the flow of the chart. There's midlines dividing the crosschannel, local midlines surrounding one line or midline of the crosschannel, and so one. A healthy bar spread trendline.




That's my first example.

To draw a bar-spread trendline multiscreen:


1. Place left side of trendline on designated spot on first bar. Highlight trendline.

2. channels: Put ends together and drag it.




3. The goal is several screens away.




4. Drag trendline(s) across condensed bars on a higher TF to next bar.




5. Attach trendline(s) to new bar. Check 'ray' on each trendline.

Extra uses of a bar-spread trendline:


midline, deviation




example from post #1




crossline pivot




overlapping different-width and -type bar-spread trendlines



helper lines:

-- vertical dotted lines, to denote significant bar in a crowd

-- (highlighted) arrow, to denote significant bar in a crowd

-- highlighted solid trendlines, to find midline or deviation from another line

-- trendlines, to overlay and approximate a line's path one wants to extend

-- box, to cover an study area that may produce a line

-- copied drawn items, to have an approximate shape to adjust from
(Highlight drawn items, then press 'control' while left-click item and drag.)

-- increase/decrease width between bars, to find a bar or carry a line

-- TF change, to find a bar or carry a line

-- increase/decrease chart height (width) -- bring mouse arrow into chart's rightside (bottom) numbers, click on and hold left button, and drag mouse upward (to the left)

-- indicators:

CDRW Spread -- selects contrasting price bar spreads (ex. level, .0005 for g/u)

TicksSeparateVolume: Selects contrasting price bar spreads using volume

ToggleRegandHACandlesShiftv2: Shows height of each bar for its point to contrast from (ex.s of point: high, mid, low, fib) with heiken-ashi, or to use regular candles to match volume indicators with more easily

89sma: Helps make a certain type of line related to bar-spread trendlines

bettervolume: VSA also helps find bars CDRW Spread sometimes misses

-- indicator levels, to give typical contrast the bar one uses has

types of bar-spread trendlines

All bar-spread trendlines depend on contrast.

Contrast variables:
relative/absolute,
low/high,
even/uneven or same/more or less,
far/close,
and 0/1/2-3/small bunch / medium to large bunch

Some examples of bar-spread trendlines are

1. bar channels, which are 2 bars each with a spread of relatively the same and also high, the spread's contrast variables balanced with how relatively far of a distance there is between the 2 bars to sustain a reasonably useful set of unevenly-parallel trendlines
2. crosschannels, which are 2 bars each with a spread of relatively more or less and also high, the spread's contrast variables balanced with how relatively close of a distance there is between the 2 bars to sustain a reasonably useful set of crossing trendlines
3. balance lines, which is 2 bars each with a spread of relatively the same and also low and, for this type, also of the appearance of balance both within the bar and within an area between it and its high-spread bar

Midlines and deviations of absolute-to-the-bar-spread trendlines or in a local/relative/perhaps fib capacity around one of the trendlines, are often applied to bar-spread trendlines.

89sma centerlines, related to bar-spread trendlines, are drawn when a trend runs relatively perpendicular to the 89sma line and the 89sma line neatly divides in half the trend; sometimes, one also finds a trend that runs almost absolutely perpendicular to the 89sma and yet is only on one side of the 89sma line, in which case one can also draw a midline and then, of a trendline, a horizontal line that rays to the right.

Most important, of course, is to capture the idea of a chart area enough to trade profitably on it. Thus, instead of giving examples of the bar-spread trendlines found to now, I'll go on and keep with the market, using contrast variables to describe each bar-spread trendline I make and attempt a justification of my representation of a particular area only with respect to the spread trendlines there.

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GBP/USD 1' has a nice low area preceding a decent 45-degreeish rise. Prior to this area is a commonplace 20ish spread. The next spread distinguished on a condensed chart is a 29 spread, so I'll draw a bar channel on the high and low of these two bars.



bar channel --
upper trendline:2009.06.08 19:35 1.610386 2009.06.09 06:37 1.613952
lower trendline: 2009.06.08 19:35 1.608566 2009.06.09 06:35 1.608714

Here's a detailed explanation of how one may choose what kind of spread trendline to use for an area:







The idea faded into midpoints, when there really wasn't support (a bar channel instead of the first rebound after the balance line) for such a thing, after most of the retrace: http://i41.tinypic.com/1ypsty.jpg .

Anyhow, all the history have now; will look for another interesting spread to begin.

A sample pattern derived from bar channels:





, which continues here , with its bar channel .

A new

varieties of bar spread trendlines

all based on geometric dimension, that is,
dot, line, triangle, and square (or rather, parallel lines).

basic : sometimes work
compound : usually work ; adjusted outside, such as multiple dim types, or inside, as refining the line to fit the purpose

examples:
basic: dot: one-pip-spread bar - to - 1psb trendline ray, or, pip line
. line: bar channel of average, even spread widths
. triangle: a bar channel between a high spread and a low, not 1psb, spread
. square: deviation lines of one of the above
compound: a pip line with a wide, oscillating price-time line at its start
. a pip line with an unusual pattern on one side and the same pattern copied, if sometimes also flipped on the vertical and/or horizontal, on the "other" side
. a pip line with a narrow, flat price-time line at its start
. a bar channel with a very high spread bar and a 1psb, and an extra pip line after them
. a bar channel with two close-set, very high spread bars, that have a moderately high spread bar in the middle, plus an mhsb after the bar channel
. a set of unusually-symmetric 1' TF regular candles, from a 15' TF chart showing a very low spread area with very high spread areas or bars on either side of the area, which one draws pip lines amongst that later make bar channels
. news-based bar spread trendlines, which can use mhsb's
. a slew of pip lines that, taken together, point in only a few directions and give clue lines that, once the price-time line traces through them, tell which direction will be taken
. two very high spread bars that are distant from each other
. a line in the middle of a trend, which, to fit the data, slightly redefines how a bar spread trendline is made, and which shows its usefulness through the price-time line obeying deviations from this line
. horizontal pip lines



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A certain area will rank and thus help choose bar spread trendlines through news event, pattern and such.

I learned a better way to draw bar channels, specifically logarithmic channels, today. At my EUR/USD Patterns thread, post #1, I posted a simple graph relating different patterns from which one draws trendlines, mostly spread trendlines. I was fooling around with getting each microtrend with connected doji and their similars representing the beginning and end of each microtrend, and also with linking three-pip solid candles or two-pip in a more fluidly-changing number of microtrends. Then I got to a big run.

The big run also had doji and their similars, and also linking multi-pip solid candles, only they all were in one small group. I drew a right triangle covering this big run's logarithmic digestion, and found the bar channel worked much better later on when I connected the points to solids' and dojis' hi/lo's. Lots of midlines formed around the chosen line of the solids-dojis - included bar channels.

I've found ordered meaning for each bar channel according to its position and size.

Searching the 1H TF for spreads at or under ten (10) pips (g/u), then digging in to the 1'TF for big, perfect small-spread patterns, gets the trend-defining patterns.
There's also a midline between 30+ - pip spread bars that coincide with news items. At the midline is a small-spread pattern; often it is modest, so that only the location justifies its import.
Super- or double-high spread TL's, connected with each high and low with respect to solid bodies, are floatable after being connected with the first one-pip spread bar. Otherwise, you'd occasionally lose value keeping it as a tiny deviation into nowhere.

There's absolute small-spread patterns, which prepare one for the next pivot's new area; this one goes well with the small-spread pattern found at the midline between 30+-spread news minutes.
This gets the middle of trends from there, and with regular-to-small patterns and high (the 30+, again) - to - small patterns. These, respectively, thread middle-of-the-road patterns and the highs and lows.
They work with absolute small-spread patterns on the pivot deviations and relative small-spread patterns on a secondary deviation in the shadow or top of a more in-trend deviation.

An example of ordered meaning for each bar channel according to its position and size:

To explain: The first picture shows the either side of the first ss pattern. The second picture shows either side of the second ss pattern, and the left side of the third ss pattern. The third picture shows the right side of the third ss pattern, the three doji's on the right side of the chart. The fourth picture shows the overview effect of the chart, with emphasis in the dark blue box where all of the ss patterns overlap.

edit: Actually, there are three other ss patterns showing, ones from the last substantial move on Sunday. They countered the ones below, as most effectively shown in the fourth picture.

The reason I liked this area's TL's so much is because of the fifth picture. It shows how the price-time line acts logically with the older lines from Sunday's substantial move, going to them first and then exchanging with the newer lines that are explained below.

Looking over them, it's obvious they're great lines, and just as obvious I need to include logarithmic waves to read the bouncing energy. Momo lines of dojis, trend centerlines, logic dots and the like. Separate window in the platform, most likely, considering the complexity of adding all those lines.

4h later: The newer lines stopped working an hour after the fifth chart's hre. Not sure why, logarithmic move just finished I suppose

12h later (0430EST): Wrong. The price-time line was in an area of indecision for several hours at that time. It decided to go only with the newer lines, finally, which is what it did all night long.
The sixth picture revises interpretation of the price-time line's move, and the seventh picture finishes it on newer material. In the london and new york sessions, with the typical high ratio of 1-2pipspread bar's to other in the Asian, the next day's set of bsTL patterns should've appeared in the seventh picture.

I found an interesting coincidence after perusing another thread on Sunday opens. BsTL's at Friday's close explaining the Sunday opening gap also do well explaining the rest of the week and include itself a bit in the next.
Here's what I have, for a couple of weeks:

first, the two Fridays (the white vertical lines, just markers for (some of the) 1psb's) --





then, why it's so interesting (pictures in order, only skip some time to get the idea (they all being on the 1'TF); and, the last picture is a few after the second week's (blue) TL's (, where a couple of the last week's TL's work with the blue ones) --

Rate the value of a TL:

 

1. mid-, a simple line segment with a dot at its center
2. center-, like mid- only more involved or with fourths with emphasis on the middle
3. partitioned evenly, using the dot between each of a random number of lines of the same length
4. repetitions, the dots themselves being fairly similar objects and uneven spaces/lines between them
5. interaction, two or more lines intersecting and creating an object there *

examples of use:

A TL drawn across several key pivots to reach one more pivot, uses a simple form of 4) repetition to achieve its goal. If the pivots develop based on the repetition of a small shape, this TL would have more 5) interaction and increase its value.

The traditional pattern of symmetric triangle, drawn for the run after it completes, uses 1)-4), with complex value in 1,2 and simple value in 3,4. It has a middle line that's useable, only there's no real midpoint, more of a centerline.
Several cycles go through the symtri, only each cycle isn't important for its evolving from the last cycle, so much as simply continuing the trace of the pattern's overall shape. Plus, a symtri's number of cycles is usually limited before the pattern is completed, which suggests more a complex centeredness and a simple repetition.
A symtri has a random number of line segments of an evenly graduated length, and thus is 3) partitioned complexly because it is also simple in being 2) centered and 4) repetitious. Thus, due to a strong 3) in its description, a correctly-made symmetric triangle is effective TL's from the trend run after its completion.

A small (made of 1-3 pip bars) spread pattern repeats before and/or after the drawable one, for a slightly complex 4), complex in the sense that sometimes a repetition can help draw extra lines of limited, local use. (1)) Midlines are often effective between two or more of a small spread pattern's TL's. (5)) Interactions, carefully derived for appropriateness, do form interactions, only, like midlines, are thus used sparingly. 2, 3 and 4 are simple to slightly complex, which leaves a weak 3), unhinging a spread pattern from being effective as given when correctly made. Price can then mostly use only a line or two of the spread pattern, when so.

A fan, or rather a spread pattern originating with the price-time line forming a dot and then a fan in front of the dot (think Gatling gun) has at least a neutral stance on 3)'s weightiness, thus allowing at least a serpentine all-inclusiveness of price during its involvement with the fan.

A last example is a trend centerline in the sense of a trend midline, where a line is drawn midway within a narrow trend. 1) is used simply right away. Often, the middle of the trend is useful, with extra bars there that may connect to another trend with extra bars in its middle. Then, 1) is used complexly. While 2)-4) are simple, they are of limited range and thus dependable; this is what suggests (non-fan) spread patterns, whose 2-4 can throw off the results, go well with them. Trend centerlines can resemble a larger area's trend, and thus make a pivot similar to the first example; this is a slightly complex 5).


* note: References to 5), the most precise use of TL's because the crossed TL's actually make the price-time line rather than the usual lucky hit, mostly only refers to shapes the described TL intersects before one uses it in an unplotted area.

.

Of course, anything can be made complicated

and work


or fail



.

Good thing is, new ideas ease the path to understanding:

Some gee-whiz TL's, and a bit of hope all this junk may work one day:


The way I see it, chart patterns are made to draw TL's that determine where the price-time line will go next. The pinnacle of drawing TL's from line patterns is when one can get a bunch of TL sets in a row that explain how the area attached to each of them operates in relation to all the rest of the chart areas of the same size. This is a TL series.
After I made my first TL series, I was finally convinced that it's possible to draw even the more obtuse TL sets and trust them without the chart history right in front of me. Standardization should increase this impression.

standardization of the types of TL's I usually find effective, and lots of examples of TL's using this template (each with an EST template, a sketch, and/or pictures of close-up of the area prior to the TL (set), TL (set)'s origin, progression along its lines, end point of its lines, and/or overall impression): 1 sketch, origin, overall; 2 sketch, origin, overall; 3 i, ii sketch, origin i,ii,iii,iv,v overall i,ii,iii,iv,v;

TL series
(which uses simple logic to follow through one TL (set) after another, each TL (set)'s area regular or condensed/expanding) (templates (in EST), some with pictures): 1,

patterns, two:

rectangle forms diagonal parallel lines:
opposing (-angle) smashed (copy) of entire bigs (immediately before and after pt line)
50% copies parallel to TL endless lines going through the corners of the rectangle covering each of these purposely rare patterns; also, horizontals flat only cover multiple approximate touching, slight overlap allowed, of one level in one area, for a pattern that aligns with a horizontal line

-- copied from ICC E



I was looking into the lines of ICC E in terms of their being hand-drawn instead of automatic, and I'd rather work on matching ends, centers and matching TL's that do this. More exact, fits in with amount of information my TL's usually provide.
The lines above are more like the oldest lines in my other threads, which are approximate.


I was thinking of ends, centers and matching TL's that do this, the ends and/or centers each on a single TL.

It'll also work for two patterns that are similar and then a third pattern that combines the two.

Things kind of spiraled after this.

I started with a diagonal box similar to the one in ICC E, building it upon the compromising formation idea. Then I spun off the compromising formation idea with single TL's that follow the traditional view (and look somewhat like the flat grouped-touch horizontal-line areas, another approach in ICC E.
I went on and replaced lower- with higher-TF lines, after establishing angles and distances. I was feeding off on natural 50% gaps to do this, instead of only using the original box's 50% gaps; with this came a natural stopping point to use the parallel lines.

template (gbpusd 1 Dec 2009 EST, beginning with the 1' TF and then switching back and forth between it and higher TF's, later making lines from highlighted formations on the 5'TF; in yellow boxes and white lines).
Then I found another formation at gbpusd EST 2009 (in lawn green boxes and lines): 12 7 0345 to 12 8 0615, that also compromised two minor formations; only this time, the idea split into a 3 originals - 2 compromisers, the middle of the three the only to attach to the first of the two.
This formation, on the 15'TF, found a TL starting from 11 30 0930 to 12 1 0230, that goes approximately through the same starting point of the formation and is still useful on 3 8 0415.
In this copy of the template, , I changing some of the parallel lines at the 5, 15'TF and moved the new ones into the 1H TF level, essentially covering all time.
The thing is to keep exact, for it is tempting to throw a line on at the 1H TF first, after drawing a lot of the lines.


It's conceded that being not automatic, the above approach is less useful than the method (ICC E) borrowed from; too, the approach is messy in its explanation, which builds the approach to being almost useless. Still, ideas presented here can help improve drawing on a chart.

rofl

still trying to understand.

Okay, here's an overview, or rather a statement on how one may produce better TL's. (I've observed this feature in lots of the more experienced ff traders' TL's.)








NOTES: There were more than three pages after the big sign;
the initial "l" and "m" approach is just my way of warming up to seeing what's going on with PA, not something anyone has to replicate;
and, the sixth picture is the most important one, showing the point of this post the most clearly.