Journal
Choosing swing anchors without hindsight
A practical sequence for marking swings before you draw a single trendline.
Trendlines fail early when the anchors were never stable. Traders often zoom until a convenient peak appears, then claim the line was obvious. Discipline starts one step earlier.
A three-pass mark-up
- Pass one — visible pivots only. On your higher timeframe, mark pivots that a colleague could spot without your narration. If you need a speech to justify a swing, skip it.
- Pass two — spacing. Prefer anchors with enough bars between them that a line has room to be tested. Crowded pivots create decorative geometry.
- Pass three — role clarity. Decide whether the line is meant to describe a climb, a decline, or a boundary for a channel. Mixing roles on one stroke invites constant redrawing.
What we reject in class
Moving an anchor after a break “because the real high was two bars later” is hindsight. In the intensive we freeze the first honest mark and write why we chose it. Later review compares that note to what price actually did — not to a rewritten history.
If you practice only one habit this week, practice naming the swing aloud before the line appears.