Charting University » Majors and Minors
Majors and Minor Lines are levels that we post on our charts and during the day in our chat room. These are accompanied by various other lines of significance to allow us to be better suited to win in our trades. This is what is meant when I write to "Trade the Lines!"
What do they mean to you as a trader?
Minors are calculations that we use primarily based from the 1, 3, 5, 8, 13, and 15, minute charts. These are best used for scalping Intraday plays, as they are based from shorter term charts. I use these in the chat room for targets and supports on current trades or for requests on support and resistance. I often may also refer to this as a Larger Channel Line, because it is significant at the time but not as strong as a Major.
Majors are calculations that we use primarily from the 15, 21, 34, 60, 89 minute and Daily charts. There are other factors such as my proprietary trend-factor-percentage and volume intervals averaged into the final number. Due to our ability to calculate these areas in advance of them actually printing during the sessions, our traders have a distinctive edge by knowing where they sit.
These are best used for longer term trends and swing-type trades and have extremely high probabilities to stop and/or to change or continue trends. A continued move through one of these is said to 'move into the next channel', whether it be higher or lower.
We utilize Majors and Minors extensively to trade the DJIA and ES S&P-500 E-mini contracts and they are updated daily.
