As I reflect on the messages and questions from this week, one common theme that arises is the lack of confidence or knowledge of the SwingArm system. This is understandable as you are still new and have not yet accumulated enough screen time to fully grasp it. In order to accelerate your learning process, I have decided to introduce more complexity to the charts, which I typically avoid.
However, I believe that this will help you to see the bigger picture of why price turns, potentially improving your understanding of the system. As you review the charts over the weekend, you will notice that regression channels have been activated. I have used regression channels for years as they have helped me to understand price action and have guided me in the development of the Swingarms.
Sample Charts Below:
2 Day Chart
ONE HOUR (Notice I have turned on the High Pressure for 2 hours and 4 hr on this timeframe) (edited)
https://www.tradingview.com/x/Nm0EtmrY/
30 MINUTES
https://www.tradingview.com/x/hDThfyvh/
15 MINUTES
https://www.tradingview.com/x/JnTKuSv0/
Upon reviewing the charts from my weekly notes, you will notice the significant impact of the regression channels in helping identify potential turning points, especially when used in conjunction with the Swingarm Pressure System.
The Bigger Picture
The bounce at around 1:00 PM yesterday was very clear in the charts. My reason for taking profits and keeping my 31 points. While it could have been about 45 points, I needed to leave and was not willing to take the risk and leave the trade.
I had the opportunity to take a long position with a small 6-point stop and could have made another 30 points profit, but I chose not to. This is just one example of how powerful the swingarm pressure system can be.
However, it’s important to understand that the system alone cannot guarantee success in trading. Your performance and results are also influenced by other factors. To make this system work for you, it’s essential to take care of your mental well-being and maintain a strong mindset. Ultimately, it’s up to you to put in the effort and work towards your goals. While I can guide you in the right direction, it’s your responsibility to do the necessary work and become a successful trader.
1 MINUTE
https://www.tradingview.com/x/fm6Ilbfq/
