I noticed it by accident. Since there is evidence, I won’t hesitate! How to draw a channel line that can be drawn under 【certain conditions】!
Thank you very much for reading this article!
If you don’t mindeven just the part highlighted in yellowI would be grateful if you could read it.
★What you can learn from this article★
・You can mechanically draw lines just by finding charts that meet certain conditions
・Following the same procedure reduces confusion
・You can predict angles of lines that tend to be noticed
・You can predict the width (range) of channels
・You can predict diagonally emphasized resistance/support levels
・You can develop a feel for drawing functional channel lines
I think you might not be able to imagine what kind of lines you’ll be able to draw, so
I usually post the lines I draw on Twitter, so please come and take a look.
https://twitter.com/tiritomatoFX
By the way.
When I was a beginner, I repeatedly entered trades by touching lines I drew without much supporting evidence, and I lost a lot.
Is it really okay to trust this line?
“Was my own judgment correct...,” “If only this angle line had come to this other line...”
Because I hesitated, I shifted the line angle to delay stop-loss or took profits early,
and such hesitation inevitably led to trades with poor risk-reward and unfavorable outcomes, so I kept losing.
I think some of you reading this article have had similar experiences.
Even if you’re not one of those people, you may be able to follow the rules, butyou might not fully trust channel lines yet.
Also, you may be interested, butyou haven’t used channel lines much.
I’d like to ask those people to read this.
The method for drawing channel lines that I’m about to publish is currently a limited procedure that only works under certain conditions.
Conversely, under those certain conditions, I think the lines can be drawn with a lot of confidence, so you could trade aiming only for that, and use it as support for your own entry reasons.
More than anythingbecause the lines can be drawn mechanically, there is less hesitationrequired.
I will publish the concrete steps for drawing a channel line based on the certain conditions.
The exact nature of the certain conditions cannot be stated here, but only when a certain pattern appears on the chart can you draw the line.
In other words, when that pattern appears, it can guide your subsequent trades.
By combining it with your own method, you can expect improvements in risk-reward and win rate.
The channel line I am publishing now is different in concept from the standardlines that connect high and high or low and low.
Generally, a channel line is formed by connecting two or more highs and highs or lows and lows.
As in the diagram below, it is a line that connects lows to lows inside a blue frame and then moves parallel to highs as in (2).
https://www.gogojungle.co.jp/img/articles/13821/7" >">
Alternatively
https://www.gogojungle.co.jp/img/articles/13821/8" >">
As shown below, you can move the line drawn through a considered high to the low.
https://www.gogojungle.co.jp/img/articles/13821/9" >">
and so on.
If you change your perspective, you can draw many lines.
Which line to focus on for trading can be confusing, right?
By continuing to use channel lines, you may find that “this pattern responds well to this line,” or you can combine it with other indicators.
You can judge using market context and momentum of waves.
and so on, but a lot of it tends to be based on experience and feel.
This time, the channel line I am publishing isdesigned with a stronger awareness of the rhythm and flow of the market.
With practice following the steps, you will be able to draw lines mechanically, so I have explained it so that anyone can draw effective channel lines.
Regarding the steps for drawing the channel I will teach,
as far as I could determine in my research, there were no traders who specifically described them, so I think most of you have not heard of them.
Also, for beginners in channel drawing, even the way of thinking and chart interpretation alone can be valuable information and can change how you view charts.
If you don’t have confidence in your own channels, using this method should enable you to draw more effective channels than before.
If you experience drawing this line, you may be able to feel the sense of drawing lines yourself.
I would very much like readers to experience this as well.
Sorry for the long article, and thank you for reading this far.
Now, see you in the main part!
