Well, a possible solution would be to just fill the areas manually with really fat trend lines. The colours should also be pale, because with all of those details on a highly contrasted chart, loosing eye sight wouldnt be hard.

Diagonal Chanel Based Dimension Of Support and Resistance

Everything would also look allot better and clearer if we managed to find an indicator which would allow us to draw rectangles at an angle. Basically just like the regular shaded rectangles, but diagonally instead of horizontally. The only work ...

Diagonal Chanel Based Dimension Of Support and Resistance

While attempting to draw lines on GBPUSD Weekly I realised that the same mistake as with horizontal lines could be easily done - the chart might get too clustered with s/r trend lines. So I guess the solution would be just as with horizontal s/r ...

Diagonal Chanel Based Dimension Of Support and Resistance

I see you understand the idea )))! This is exactly what I meant. So what do you think about this concept?

Diagonal Chanel Based Dimension Of Support and Resistance

Thanks The main idea of the methodology of so many lines is basically to achieve the following : 1) The ability to understand the market structure allot better 2)To manage trades more precisely and accurately and also get rid of grid/fear/etc and ...

Diagonal Chanel Based Dimension Of Support and Resistance

P.S. the thread is still in construction. Mistakes or not the best formating are possible But please do already share your opinion and constructive criticism

Diagonal Chanel Based Dimension Of Support and Resistance

Structure : ________________ Highest High \ ------------------------- Lower High l TOP ZONE ________________ Highest bullish close/bearish open / Positive Polarity Zone - Bullish ---- ---- ---- ---- ---- Highest high from negative zone/Lowest close ...

Diagonal Chanel Based Dimension Of Support and Resistance

I couldn't demonstrate it with candles since they look awful going at an angle. However a line chart might do it. The example bellow screenshoted and rotated -

Diagonal Chanel Based Dimension Of Support and Resistance

Now the thing about polarity. Is you have the top, the middle and the bottom. The middle divides it in to 2 zones the top which is POSITIVE / +. And the bottom which is NEGATIVE / -. The middle however is ZERO / neutral / 0. So the concept when ...

Diagonal Chanel Based Dimension Of Support and Resistance

P.S. forgive me for not the best descriptions and not the best formating (I will do that later). Its my first time sharing my concept on forexfactory

Diagonal Chanel Based Dimension Of Support and Resistance

9) Once we got that done, we can move on to changing the appearance of lines. What I usually do is set the middle line in the TOP and BOTTOM zones as dashed. Which simply indicates that its a possible bouncing of point in the BOTTOM and TOP zones. ...

Diagonal Chanel Based Dimension Of Support and Resistance

8) Now you have to sort out the appearance to make your life easier. For the sake of the following example I changed the color of our main trend channel lines to black. So... what does it give us? We have a range (from the highest black tl to the ...

Diagonal Chanel Based Dimension Of Support and Resistance

Closed really near to my planned take profit, but my main concern was possible support at the trend line.

EURUSD

Whew As I trusted my technical analysis skills, I was bearish. And thankfuly for all the eurusd shorters, the nfp results were better than expected which has caused euro (eurusd) to take a dive downwards. Going bearish guys))

EURUSD

Closing my short position if NFP results are worse than expected )

EURUSD

Still nervous, however I believe that we are still bearish And the little bullish retracement should end soon between 1.1158 and 1.1865 (correlates with fibo) Also incase you sold before (or in fact at the very top of the 4h move) than I wouldn't ...

EURUSD

Still holding on to it I believe that what is happening right now at the 4h, will be a continuation pattern of a down trend. Even though we are struggling at a turncoat resistance area at the moment I'm still bearish.

EURUSD

Another situation where tick chart shows a better picture than a time based chart -

MT4 Tick Chart Scalping

Whoa, thanks allot. Your EA certainly looks allot better already. So do you occasionally use tick charts or rarely for fx trading?

MT4 Tick Chart Scalping