Lecture Notes: Biker Boy D on Broadening Formations and Full-Time Frame Continuity
Introduction
- Presentation by Biker Boy D from Zamunda Profit Squad at Zamunda University
- Focus on real examples and encouraging questions
- Agenda: Broadening Formations and Full-Time Frame Continuity
Broadening Formations
Definition and Characteristics
- Series of higher highs and lower lows
- Represented by diverging trend lines
- Indicates possible exhaustion in market trends
- Potential for reversals at the top or bottom of formations
Key Concepts
- Higher highs and lower lows must be present
- Diverging trend lines create a broader range
- Risk to reward: Looking for reversals at extreme points of formation
Drawing Broadening Formations
- Three Bar Method: Find a three bar formation; high is higher, low is lower than previous
- Alternative Method: Connect a high to any previous lower high, and a low to a lower low
- Swing Highs and Lows Method: Identify swing highs/lows for drawing formations
- Indicators: Use indicators like 'inducement stop hunt' for identifying swing points
Common Mistakes
- Lines should not converge; needs to show divergence (megaphone shape)
- Many ways to draw formations; ensure higher highs and lower lows
Full-Time Frame Continuity
Definition
- Consists of aligning the 60-minute, daily, weekly, and monthly time frames
- The goal is to see consistent color alignment across time frames (green for bullish, red for bearish)
Importance
- Indicates who is in control (buyers or sellers)
- Aligning time frames can increase trade success likelihood
Strategies
- Marking opens of larger time frames for reference
- Watching for flips in candle colors across time frames
- Utilize indicators to simplify marking of time frame opens
Practical Application
- Use smaller time frames (e.g., 15 minutes) to monitor market structure changes
- Look for higher time frame trends for strategic long-term decisions
- Allow time for hourly, daily flips to understand broader market dynamics
Tools and Techniques
- Object Tree in Trading Platforms: Organize and manage broadening formations and trend lines efficiently
- Indicators for Assistance: Use tools like 'Strat candles Plus' for marking time frame opens automatically
Q&A and Closing Remarks
- Encouraged audience participation and questions
- Emphasized practice and charting for mastery
- Highlighted the importance of joining support groups or communities (like Zamunda) for learning and support
Summary
- Broadening formations show potential market reversals with higher highs and lower lows
- Full-time frame continuity helps in understanding market control across different time frames
- Use of tools and indicators enhances charting and trading efficiency
Remember to practice the drawing of broadening formations and observe full-time frame continuity to enhance trading strategies. Utilize the object tree and appropriate indicators to maintain a structured and efficient approach while trading.