Master Horizontal Lines on Trading Charts | Signal & Structure 2In this second episode of the Signal and Structure series, we dive deep into one of the most fundamental yet powerful tools in technical analysis - horizontal support and resistance lines. This practical tutorial demonstrates a systematic approach to identifying and marking key price levels across multiple timeframes.
What You'll Learn:
Color-Coded Line System for Multiple Timeframes:
Monthly (Black, thickness 4) - The strongest levels from monthly candle closes
Weekly (Maroon/Brown, thickness 3) - Key weekly support/resistance zones
2-Day (Red, thickness 2) - Intermediate term levels
12-Hour (Orange, thickness 1-2) - Short-term trading levels
3-Hour (Yellow, thickness 1) - Day trading reference points
Key Concepts Covered:
Why monthly candle closes often matter more than wicks (with live examples)
How previous resistance becomes new support - demonstrated on Bitcoin's chart
Identifying distribution and accumulation ranges using horizontal levels
The importance of avoiding chart clutter - when NOT to add more lines
Using transparent candles to see through to your levels and indicators
Practical Techniques:
Live demonstration on TradingView using Bitcoin/USD charts
How to identify the most significant levels from each timeframe
Creating "boxes" to visualize trading ranges and distribution zones
Brief introduction to Wyckoff theory concepts (spring patterns)
Tips for maintaining clarity when working with multiple overlapping levels
Chart Setup Tips:
Why exchange charts (KuCoin, Gate.io) provide better volume data than index charts
Continuing emphasis on logarithmic scale for crypto analysis
How to organize your workspace for multi-timeframe analysis
This 20-minute tutorial walks you through the exact process of building a professional-grade support and resistance framework on your charts. The presenter demonstrates each concept in real-time on TradingView, making it easy to follow along and implement these techniques immediately.
Perfect for traders who want to move beyond random line drawing and develop a systematic, color-coded approach to identifying key market levels. Whether you're scalping on the 3-hour or position trading on the monthly, this hierarchical system helps you see exactly where the important levels are at a glance.
Next episode preview: Diagonal trend lines, channels, and Fibonacci levels - including a unique approach to stacking channels that provides an edge in the markets.
Timeframes
How to Set Up Multi-Timeframe Analysis (MTF) in TradingViewThis tutorial video explains what a time frame is, why traders use multiple time frames for their analysis, and how to set them up in TradingView for futures and other products.
Disclaimer:
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. Please trade only with risk capital. We are not responsible for any third-party links, comments, or content shared on TradingView. Any opinions, links, or messages posted by users on TradingView do not represent our views or recommendations. Please exercise your own judgment and due diligence when engaging with any external content or user commentary.
Tradingview Drawing Tools (part 1)In this tutorial, I show you where the different drawing tools are located, how to show/hide them, and how to delete them. I also begin showing you how to change their individuals settings so that they are only visible on specific time frames and how to change their individual styles.
The BEST Timeframe to Trade ForexYou got into trading for one reason and one reason only. To change your life. For freedom, for freedom to do the things you want to do. To spend time doing what you want to do when you want to do it.
NOT to be a slave to the screen. Not to stare at the charts all day.
And here is the thing. If that is what was required, to stare at the charts for hours at a time watching each tick, then you would do it. You would do whatever it takes to succeed.
The thing is and I want you to pay attention to what I am going to say right now because it is very important, the very thing you are doing is actually the thing preventing you from success. You are spending too much time watching the markets and taking way too many trades.
Trade less. Avoid the noise. Take strong signals with a different mindset and increase your win ratio and profitability.
Good timeframe correlation on AUDJPY to shortUsing linear regression and resistance to guide this trade, across multiple timeframes there is reasonable indication that the price could be overbought and move lower.
ENTRY
At the time of the video, there was some support appearing on the lowest time frames (5, 15min) but should that get broken a move towards the mean of the linear regression channel is viable.
STOP PLACEMENT
A stop could be placed above yesterday's high (27th May 2019), or a more conservative stop could be placed above the high on 20th May.
PROFIT TAKING
Profit taking could be at the mean of the linear regression channel or at the lower linear regression channel. In both cases, with either of the stoploss placements described above, the reward to risk on the trade exceeds 1:1.
What are your thoughts? Do you agree?
EURUSD: Interesting moves scattered aroundEURUSD has presented different opportunities and conflicting signals. 'Everybody' wants to know which way it is going. This is the wrong question.
In this screencast I show different opportunities relative to trends on different time frames. Where price is going, depends heavily on which time frame trend you're stalking - and whether you'r willing to take a controlled loss on that time frame (alias stop-loss). As I do not work with a 'predictions' model, I simply cannot predict where price is going or any targets.
My personal bias was for price on 1D time frame to move south. But now the evidence on the charts confront me. It is also probable that a lower time frame trend could eventually move the bigger time frames north. This is how big trend get reversed - it just makes sense.
The way I see it is that all traders exploit trends - by some methodology. The trick - which is not easy - is controlling loss, extracting the money and running like hell! :)
To be clear this post is not a recommendation to take any particular position.
HOW TO BUILD YOUR CONFIDENCE AS A TRADER (WIN BIG & LOSE SMALL)** In the video I say EURO / Swiss Pound. I think I meant to say Swiss FRANC ** :)
This video is meant to cover a really important topic that I think holds back most people from being successful in the markets. In this video I cover:
1) There's a difference between being a good analyst and being a good trader
2) How to empower yourself by learning to trust your analysis
3) 3 optimal trading environments and how top-down timeframe analysis lets us identify which environment we are in
If you find this video helpful, please leave a like and a comment!
Good luck out there and remember ALWAYS win BIG and lose SMALL :)