Dislikedhiii keroo and balhana... happy weekend... just wanne drop some analysis regarding balhana explanation yesterday... i would like ask, did you always put bull close candle(monthly) line as resistance if price move from below to upper....or viceversa if price goes down, bear closed candle(montly) line as support.... {image} {image} {image} hopefully u guys understand what i mean..(sry for my bad english)lol CMIIW.. thx & rgdsIgnored
in your last screenshot, you wrote "momentum up". IMO, it's the other way round. Below is a chart to show what i mean:
And also, your chart is very cluttered. I'd suggest to not draw so many things on your charts, or it will definitely confuse urself and cloud your judgement.
As for how to draw the lines, Balhana has his own way of drawing it, and it's really discretionary, and I bliv there's not one trader that will draw lines at exactly the same price/level. This is where screentime will help you. I personally don't draw lines, I just scan thru HTF's for SD clusters, as I don't want the lines to give me unnecessary bias, and cause rigidity in my analysis.
Each trader has his/her own style, and way of analysis, Balhana definitely showed us a very constructive + logical approach, and I bliv we all greatly benefited from it. But always remember, that we are all traders of our own, and we will need to use all knowledge shared to fit into our own trading style + personality to make trading work for US.
Hope it helps.
Chao
Knowing is not enough; we must apply. Willing is not enough; we must do.