Analysis and Trading based on Envelopes, Waves, Cycles | Page 25 | Forex Factory

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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

  • #481
  • Jan 18, 2018 11:52am Jan 18, 2018 11:52am
Thanks , now the fog is lifting word by word
  • #482
  • Jan 18, 2018 12:51pm Jan 18, 2018 12:51pm
.
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  • #483
  • Jan 18, 2018 12:59pm Jan 18, 2018 12:59pm
Quoting devontrader
. {image}
nice !
  • #484
  • Jan 18, 2018 1:23pm Jan 18, 2018 1:23pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUD 3 MONTHS 18 JANVIER 2018.jpg Size: 198 KB
  • #485
  • Jan 18, 2018 1:34pm Jan 18, 2018 1:34pm
Quoting devontrader
. {image}
How you going stranger, thought you would have found this thread before now, looking forward to seeing your posts, but do not forget stay cool ?
  • #486
  • Jan 18, 2018 1:43pm Jan 18, 2018 1:43pm
Quoting devontrader
. {image}
Same idea different tools and settings
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Click to Enlarge Name: GBPUSDSBDaily.png Size: 69 KB
  • #487
  • Jan 18, 2018 1:49pm Jan 18, 2018 1:49pm
Hi pariboy,

Many thanks for this very interesting thread .

GBPAUD Hourly with triangular centered endpoint (not repaint).



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Click to Enlarge Name: GBPAUDH1.png Size: 92 KB
KISS&V :Keep it simple safe & visual
  • #488
  • Jan 18, 2018 1:57pm Jan 18, 2018 1:57pm
Quoting Sohocool
Hi pariboy, Many thanks for this very interesting thread . GBPAUD Hourly with triangular centered endpoint (not repaint). {image}
You are welcome Sohocool
  • #489
  • Jan 19, 2018 3:33am Jan 19, 2018 3:33am
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Click to Enlarge Name: EURUSD 11 19 JANVIER 2018.jpg Size: 162 KB
  • #490
  • Jan 19, 2018 3:59am Jan 19, 2018 3:59am
Quoting parisboy
{image}
My effort with the tools I have ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDSBDailydave.png Size: 75 KB
  • #491
  • Jan 19, 2018 4:36am Jan 19, 2018 4:36am
you can observe

a) a "sortie de route" circled in red with reintegration of Price Action within the Envelope 256 TU (brown)
b) 2 "lost motion" (Gann) circled in blue
c) a "return to the mean " of Price Action to be simplistic
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 112 19 JANVIER 2018.jpg Size: 164 KB
  • #492
  • Jan 19, 2018 4:40am Jan 19, 2018 4:40am
Quoting OAPDave
{quote} My effort with the tools I have ? {image}
OAPDave it is positive

meaning that you first have a good idea of the Price Action amplitude on different Time Frames which according to me is a capital information

2 Envelopes are UP and 1 is more or less topping meaning that :

- either Price Action breaks significantly the Upper Limit of the Envelope and you have to double the parameters to face the new situation
- either you will observe a reversal and you can short IF amplitude is OK for you and your Risk reward
  • #493
  • Jan 19, 2018 4:51am Jan 19, 2018 4:51am
Quoting parisboy
{quote} OAPDave it is positive meaning that you first have a good idea of the Price Action amplitude on different Time Frames which according to me is a capital information 2 Envelopes are UP and 1 is more or less topping meaning that : - either Price Action breaks significantly the Upper Limit of the Envelope and you have to double the parameters to face the new situation - either you will observe a reversal and you can short IF amplitude is OK for you and your Risk reward
Thank you appreciate your comments
  • #494
  • Jan 19, 2018 5:05am Jan 19, 2018 5:05am
Quoting OAPDave
{quote} Thank you appreciate your comments
OAPDave

Practicing and using Gann tools and concepts since 1998 and Hurst tools and concepts since 2006

IMHO Key factors are :

- the "Octave" determination which gives you the various amplitudes of Price Action by using harmonics of the Octave. Since you have determined the "correct" (most suitable Octave) for the financial instrument you deal with, it is very stable. You just have to double or halve to stay tuned.

- then the use of THREE Envelopes linked by Harmonics in time 8 / 16 / 32 / 64 / 128 / 256 etc divisible by 8 (as price)

the type of Envelopes used is important but secondary - (coming after the use of THREE Envelopes)

I can do the same type of analysis and draw similar conclusions WHEN I have 3 Envelopes on a chart whatever Envelopes are used (Bollinger, Donchian and ..... yours

- another key concept to understand Price Action is the Underlying Trend UP, DOWN or Neutral
  • #495
  • Jan 19, 2018 5:20am Jan 19, 2018 5:20am
Quoting OAPDave
{quote} Thank you appreciate your comments
If we examine your chart the yellow arrows underline what is the "underlying trend"

the Underlying Trend according to Jim Hurst is the Sum of all Cycles whose duration is longer to that of the Envelope used

on your chart the 2 yellow arrows show you the additional amplitude given to the Price Action by the Underlying Trend

Conversely if Trend was not UP but Flat or Neutral Price Action Amplitude would be equal to the maximum amplitude of the lila Envelope
Attached Image (click to enlarge)
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  • #496
  • Jan 19, 2018 6:11am Jan 19, 2018 6:11am
I have broke it down to the 3 Bands/Envelopes, am I correct in my thinking on how to enter a trade, just thinking that the Bands are Dynamic so watching as they unfold in real time
Attached Image(s) (click to enlarge)
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  • #497
  • Jan 19, 2018 7:06am Jan 19, 2018 7:06am
Quoting OAPDave
I have broke it down to the 3 Bands/Envelopes, am I correct in my thinking on how to enter a trade, just thinking that the Bands are Dynamic so watching as they unfold in real time {image} {image} {image}
OAPDave it seems a good idea !

If I take into account the way you generate your Bands - different from my way - it is cristal clear for me that is much more readable at least for me !

If you manage a lot of financial instruments , this way of doing things can be difficult to manage.

I think the best way to make money is to concentrate our efforts on a limited number (2 or 3) of instruments
  • #498
  • Jan 19, 2018 7:32am Jan 19, 2018 7:32am
Quoting OAPDave
I have broke it down to the 3 Bands/Envelopes, am I correct in my thinking on how to enter a trade, just thinking that the Bands are Dynamic so watching as they unfold in real time {image} {image} {image}
Yes you are correct in your thinking - that is the general idea

BUT key points to catch a move with a minimum of safety are :

- never going counter trend (there is some exceptions but we are working on the basics)

in your chart 2 Envelopes are UP and very close from the Upper Limit of the Lila Enveloppe which shows the most Amplitude and a more or less flat trend

so we can suspect a downtrending correction at short term

but you have also to take into account the propagation effect.

Trend (Up or Down) goes progressively from Envelope 1 with the less amplitude to Envelope 3 with the maximum amplitude after being through Envelope 2 with medium amplitude ( wthin the parameters)

- real amplitude of the 3 Envelopes is the key to enter AFTER a reversal Up or Down

when you enter - you can calculate an approximate but realistic Risk Reward by using the Envelopes limits
  • #499
  • Jan 19, 2018 7:48am Jan 19, 2018 7:48am
Getting there I think, even if I am a little slow on the up take !
  • #500
  • Jan 19, 2018 8:41am Jan 19, 2018 8:41am
Closed Long position on DAX + 14 points

Entry after bouncing on the Centered Moving Average 256 TU (brown) playing its Support role
Attached Image (click to enlarge)
Click to Enlarge Name: DAX LONG 19 JANVIER 2018.jpg Size: 157 KB
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