If You Can Draw A Straight Line . . .

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Quote from yertleturtle:

I guess I will have to be much more exact with my wording. I do have a trading plan that helps me enter, exit and manage my trades. I am working on making it more robust.

When Redneck questioned whether I was in sync with the intraday trend I was trying to clarify what his concern was. I do use the lines on my chart to not "get lost" and there are a lot of them for sure but its working for me. I also draw as a way to keep me engaged in the market.

Most of the comments about my charting assume that because they are a mess that I don't know what direction is up. There is a logic to my lines which I now understand is only apparent to me.

I do appreciate all comments.
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As long as they work for you, there's no reason not to use them until they become burdensome. Just be aware of the danger of focusing on the lines rather than price. It is price after all that makes the lines possible. It is when traders forget that that they find support and resistance in such strange places.
 
Quote from bmwhendrix:

I agree with DB on this. (fwiw) Here is the reason why. It is also why I like volume charts. I can better see significant things and then go to the 1 min for fine tuning.
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Just never lose sight of our two most important edicts when trading

It's all good

RN
 
Today´s premarket view:

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We are at Previous Day High, lets see if buyers can take on sellers and push the trend upwards.
 
I'm surprised no one noticed that all of yesterday was a hinge, with the midpoint ending up at that same premarket midpoint from yesterday: 65 (see yesterday morning's post). Naturally this all carries implications for what was the upcoming trading session.
 
Quote from dbphoenix:

I'm surprised no one noticed that all of yesterday was a hinge, with the midpoint ending up at that same premarket midpoint from yesterday: 65 (see yesterday morning's post). Naturally this all carries implications for what was the upcoming trading session.
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Saw the congestion but did not relize it was a hinge.
 
Quote from dbphoenix:

I'm surprised no one noticed that all of yesterday was a hinge, with the midpoint ending up at that same premarket midpoint from yesterday: 65 (see yesterday morning's post). Naturally this all carries implications for what was the upcoming trading session.
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I see it now. Always late...
 

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