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That post is mainly about locating trading opportunities in real time and making sure when backtesting that the opportunity was actually there. The charts I'm seeking feedback on are valid 'opportunities' off the present Weekly channel and are based off the charts you posted on page 2. Therefore, I am not sure how that post is supposed to help me.
Can you help answer these questions from other members on NexusFi?
You posted a correctly-drawn weekly channel last Tuesday. I assume it is the one you've been working with as the hourly charts appear to be at the upper extent of it. However, you don't provide a daily chart, so there's no context. Therefore, there's no rational for the hourly annotations. All of which is addressed in the series of posts in my thread that I mentioned earlier.
Weekly > Daily > Hourly.
You may be interested in a couple of posts I made to this thread yesterday.
Track the imbalances between Supply and demand with straight lines. When price takes off in one direction or the other, wait for the retracement.
So if executing with the hourly, track that with straight lines. Since we're looking for a short to ride out the mean reversion, longs aren't a wise choice.
