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Attachments: Analysis and Trading based on Envelopes, Waves, Cycles
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Analysis and Trading based on Envelopes, Waves, Cycles

  • #361
  • Dec 20, 2017 5:43pm Dec 20, 2017 5:43pm
EURCHF 3 Months / 60 minutes = 1 Hour

Envelopes Parameters - 0,0125 / 0,00625 / 0,003125
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF 3 MONTHS 20 DECEMBRE 2017.jpg Size: 204 KB
  • #362
  • Dec 20, 2017 5:53pm Dec 20, 2017 5:53pm
EURCHF 24 H / 5 minutes

Envelopes Parameters - 0,003125 / 0,0015625 / 0,00078125
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF 55 20 DECEMBRE 2017.jpg Size: 226 KB
  • #363
  • Dec 20, 2017 6:21pm Dec 20, 2017 6:21pm
In respect to you and your thread I have removed my Murrey posts as it seems that your favoured trading style is with your Envelopes so I do not wish to confuse any onlookers, I must say your thread deservers a little more participation as you really know your stuff and now I have found it I will be certainty following it more, you have a wonderful insight, thank you, and please keep it coming think I can learn some good things from you.
  • #364
  • Dec 20, 2017 6:25pm Dec 20, 2017 6:25pm
OAPDave

I have just overlooked the system of Mastermind. It seems to me overcomplicated.

a) you can earn money in trading ONLY with simplicity : KISS rule

b) about Murrey / Gann Support and Resistance Lines

1) Gann first used the division by 8 of the interval between a Low and a High - additional question how to choose the Low and the High
2) Gann / Murrey used a different version of above methodology by using a "fractal version" - 0/1, 0/10, 0/100,0/1000, 0/10.000 etc

this version has the advantage to be more "stable" and to allow comparisons between all financial supports fluctuating within the same price range

3) fact is you can use the same methodology with whatever interval because you can "slice" it in 1/100 th
  • #365
  • Dec 20, 2017 6:43pm Dec 20, 2017 6:43pm
Quoting OAPDave
In respect to you and your thread I have removed my Murrey posts as it seems that your favoured trading style is with your Envelopes so I do not wish to confuse any onlookers, I must say your thread deservers a little more participation as you really know your stuff and now I have found it I will be certainty following it more, you have a wonderful insight, thank you, and please keep it coming think I can learn some good things from you.

OAPDave - I would like to use ALSO the quoted Suport and Resistance Lines system, but I cannot with TradingView or at least I do not know how to implement it.

My experience is it is very difficult to get all my requirements with only ONE software. That is why for Murrey and Long term Chart I use Excel

Moreover I am almost totally illiterate in programming.
  • #366
  • Dec 21, 2017 2:10am Dec 21, 2017 2:10am
Quoting parisboy
{quote} OAPDave - I would like to use ALSO the quoted Suport and Resistance Lines system, but I cannot with TradingView or at least I do not know how to implement it. My experience is it is very difficult to get all my requirements with only ONE software. That is why for Murrey and Long term Chart I use Excel Moreover I am almost totally illiterate in programming.
To give me the freedom of setting an Octave size that I want I have just modified my fib tool like screen shot ( MT4)
ps the screen shot is just showing a random setting
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDSBDaily.png Size: 69 KB
  • #367
  • Dec 21, 2017 3:26am Dec 21, 2017 3:26am
Quoting OAPDave
{quote} To give me the freedom of setting an Octave size that I want I have just modified my fib tool like screen shot ( MT4) ps the screen shot is just showing a random setting {image}
OAPDave could you define what you call a "Random Setting" ?
  • #368
  • Dec 21, 2017 3:33am Dec 21, 2017 3:33am
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF 55 21 DECEMBRE 2017.jpg Size: 196 KB
  • #369
  • Dec 21, 2017 3:38am Dec 21, 2017 3:38am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 11 21 DECEMBRE 2017.jpg Size: 175 KB
  • #370
  • Dec 21, 2017 3:56am Dec 21, 2017 3:56am
According to GANN the keypoint is the understanding of the Time Price Relationship in Trading.

This is your Scaling which translates in the reality The Time and Price Relationship

The division by 8 of an interval of Price mimics the graphical representation of the Fibonacci serie

To have a "correct" and efficient scaling whatever Time Unit you use , your Time Frame has ALSO to be divisble by 8

Hereunder the relationship between the Time frame and the Musical Octave
Attached Image (click to enlarge)
Click to Enlarge Name: OCTAVE VIBRATION.jpg Size: 61 KB
  • #371
  • Dec 21, 2017 4:18am Dec 21, 2017 4:18am
Quoting parisboy
{image}
I used the screenshot just to show how I have altered my fib tool so that it draws the Murrey Octave, just happen to put it on chart any were hence random, here is a chart with what I think are correct Octaves ? Daily then zoomed down to 60min
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDNZDSBDaily.png Size: 113 KB
Click to Enlarge Name: AUDNZDSBH1.png Size: 134 KB
  • #372
  • Dec 21, 2017 4:48am Dec 21, 2017 4:48am
OAPDave - Let me show you something

AUDNZD - 24 H / 1 Minute

Envelopes parameters are : 0,003125 / 0,0015625 / 0,00078125

0,003125 is what you call the Octave Gap = parameter of the Envelope 256 Time Unit (brown)
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 11 21 DECEMBRE 2017.jpg Size: 222 KB
  • #373
  • Dec 21, 2017 4:51am Dec 21, 2017 4:51am
AUDNZD - 5 Days / 5 Minutes

Envelopes parameters are : 0,003125 / 0,0015625 / 0,00078125

parameters are stable - you can keep it
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 55 21 DECEMBRE 2017.jpg Size: 213 KB
  • #374
  • Dec 21, 2017 4:54am Dec 21, 2017 4:54am
AUDNZD - 1 Month / 30 Minutes

Envelopes parameters are : 0,00625 / 0,003125 / 0,0015625

you just have to double the parameters
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 1 MONTH 21 DECEMBRE 2017.jpg Size: 214 KB
  • #375
  • Dec 21, 2017 4:57am Dec 21, 2017 4:57am
AUDNZD - 3 Months / 60 Minutes = 1 H

Envelopes parameters are : 0,0125 / 0,00625 / 0,003125

you just have to double the parameters
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 3 MONTH 21 DECEMBRE 2017.jpg Size: 214 KB
  • #376
  • Dec 21, 2017 4:59am Dec 21, 2017 4:59am
AUDNZD - 6 Months / 120 Minutes = 2 H

Envelopes parameters are : 0,025 /0,0125 / 0,00625

you just have to double the parameters
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 6 MONTH 21 DECEMBRE 2017.jpg Size: 223 KB
  • #377
  • Dec 21, 2017 5:01am Dec 21, 2017 5:01am
Quoting parisboy
OAPDave - Let me show you something AUDNZD - 24 H / 1 Minute Envelopes parameters are : 0,003125 / 0,0015625 / 0,00078125 0,003125 is what you call the Octave Gap = parameter of the Envelope 256 Time Unit (brown) {image}
Yes I see, thanks but I also have my grids saved to a template which lets me see next day ,next week next month, thinking of adding your envelopes to my grid ? I also try to take into account Daily, Weekly and Monthly range to try and gauge how far a move can go in certain timeframes
  • #378
  • Dec 21, 2017 5:04am Dec 21, 2017 5:04am
AUDNZD - 1 Year =12 Months / Daily

Envelopes parameters are : 0,05 / 0,025 /0,0125

you just have to double the parameters

I can do the same demonstration for ALL financial support as soon I have determined the right Octave - what you call an Octave Gap : 2 minutes work
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZD 1 YEAR 21 DECEMBRE 2017.jpg Size: 203 KB
  • #379
  • Dec 21, 2017 5:11am Dec 21, 2017 5:11am
OAPDave as soon as you have determined the Octave - what OAPDave calls an Octave Gap - you have a very good approximation of Price Action fluctuations at Short, Mid and Long term relatively to the Timeframe you use

roughly - to be simplistic the Centered Moving Average 256 / 128 and 32 and the outer and lower limits of the Envelopes on which they are built work like Horizontal Support and Resistance Lines you can draw when you have determine the "Octave Gap"
  • #380
  • Dec 21, 2017 5:16am Dec 21, 2017 5:16am
Quoting OAPDave
{quote} Yes I see, thanks but I also have my grids saved to a template which lets me see next day ,next week next month, thinking of adding your envelopes to my grid ? I also try to take into account Daily, Weekly and Monthly range to try and gauge how far a move can go in certain timeframes
it can be done sure but it can also add confusion on a chart

in any case I would advice you to have an Envelope Chart and an Octave Chart separately

both charts have common points but do not give exactly the same informations

similarly Angles Charts and Momentum charts do not give exactly the same information though having common points and using the same methodology of the division by 8
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