It sounds like you are doing it correctly. But if you are trading the 15M you might want to try the 4hr/1hr/15…
I trade daily chart only so I’m looking turning points where there was a lot of action. I will mark the monthly with rectangles and perhaps the weekly with horizontal lines or a different color rectangle and then go to the daily and see where price is.
I’m no pro. But, I found it interesting to find an ADX extreme on one point in the chart and mark that level into the past/present future and see how price has reacted in that zone.
Edit: This chart has the ADX main line only, the +/- lines have been set to no color. Below that is the DiNapoli Stochastics. The MA’s are I believe the HULL MA 9 and 20. I’ve scrolled back in a number of charts and moved ahead a candle at a time and think that I will go back to using the XLV4 MA that @Trendswithbenefits discussed in his Befuddled thread.
I will mark the ADX extremes on the M and W TF. Then check at the NY close the the M/W trend, MA Slopes, DiNapoli Stoch, PA, distance in relation to the “high” action zones.
What I have to do in conjunction with the above is combine it with your @Dennis3450 S/W analysis. I believe this will give me an edge I can just about “hold onto with my fingertips”, Maybe I should start trading with a bag of chalk so I don’t lose my grip!!
The other issue I am still wrestling with is stoploss location and setting TP. I have been setting these based on PA but perhaps it needs a little more attention.
Sorry for rambling… not my intent to Hijack, we now return to scheduled programming.