weekend charting 6-7 november take 2, page-182

matt it's not in my trading plan.
i focus on a very small world.
a handful of indicies, forex and commodities.
it's more than enough for me.

i thought about it during the day
and came home to chart it in more depth
to see what it really is doing
and to give myself the structure
that i try to maintain on my charts.

i didn't do all my homework this weekend
and that's tonight's job.

any way i took screen shots along the way
to show how i build a trading chart.
the pink and green lines are points of R & S
which can be points of entry and exit.

the end result is some strong resistance above
break those lines and the trend line and it should
be a good run. currently at a low risk entry
if stops just the last swing low.

i started with a daily, tight trend lines and ichimoku



then added some pink lines



went to the weekly



then added some green lines.



then i drop the ichimoku and go back to a 1 hour
and tighten the trend lines again.



from then add ichimoku and zoom in. lol



it could take a long time to be a ten bagger
but it could do it. that is my buy signal on the 1 hour.

for the moment i'll stick to my plan.

over the many months of being a chartist here
we have charted some of the best.
as a general rule we have short memories
and chart far to many things.
i think that is why we tend to pick on a fav each week.
we see something and as a group explore
what we see. add some time analysis and indicators
and you have a t/a analysed stock.