Hi Sundowner,
This is how I do it.
First, I determine the trend on the higher time frame. So to label the 15 min chart, I look at the 60 min chart. So I bring up the 60 min time frame, and mark the swing highs and lows. Then change the setting for the chart you have just marked to the 15 min time frame. If you try to mark the highs and lows on the 15 min time frame directly, you will experience the problem that you are having. Which is that you will have highs and lows marked that are not visible to a 60 min time frame player.
Then, there is a difference between "swing points" and a "swing high" or a "swing low". A swing point is a bar that has a lower high immediately before it and after it, or a higher low immediately before it and after it. However, a swing high is the first swing point once the previous swing high has been passed. What complicates the issue is that a swing low (in this example in an uptrend) is only confirmed, once the next swing high has been passed upwards. Which means you can spend quite a long time thinking "was that a swing low made just then?". You've no way of being sure until the high has been breached.
To confirm an uptrend, Bubble would wait for a Low, a HH, then a HL (which is only confirmed once price has passed the HH upwards) on the higher time frame, before looking for the SBR line. At least, that's what I think.... if I followed him correctly.
I've put on a couple of 60 min EURJPY charts with some of these points on them.
PS I am not sure if that is how anybody else does this, but that's how I do it. In addition, I have to say the charts only started to make sense to me once I had seen some kind of market structure forming.
PPS. This is video very good as well if you haven't seen it. From the LBR site. Linda Raschke MarketVu presentation part 3.
Created by Camtasia Studio 3
PPS Basic questions are GOOD ...... the more basic the better, I find
