Analysis and Trading based on Envelopes, Waves, Cycles | Page 35 | 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

  • #681
  • Feb 23, 2018 3:51am Feb 23, 2018 3:51am
Quoting parisboy
{quote} 1 Year / Daily {image}
Thanks, I also look to marry up the envelope extremes with Murrey
  • #682
  • Feb 23, 2018 3:54am Feb 23, 2018 3:54am
Quoting OAPDave
{quote} Thanks, I also look to marry up the envelope extremes with Murrey
Excellent idea OAPDave
  • #683
  • Feb 23, 2018 4:12am Feb 23, 2018 4:12am
DAX closed Long position + 84 points after pyramiding

The (UP) Trend was my friend

Sold on approaching of the Upper Limit of the Envelope 128 TU (ocre) to cash profits
Attached Image (click to enlarge)
Click to Enlarge Name: DAX LONG 2 23 FEVRIER 2018.jpg Size: 154 KB
  • #684
  • Feb 23, 2018 4:28am Feb 23, 2018 4:28am
Quoting parisboy
DAX closed Long position + 84 points after pyramiding The (UP) Trend was my friend Sold on approaching of the Upper Limit of the Envelope 128 TU (ocre) to cash profits {image}
Do not trade the Dax but this would have been my set up based on 256
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30SBM1.png Size: 84 KB
  • #685
  • Feb 23, 2018 4:37am Feb 23, 2018 4:37am
I trade the DAX or the DOW because of the consequent amplitudes of the Swings

It is easier to catch 30 points on an amplitude of 125 points than 7 or 8 points on an amplitude of 32
  • #686
  • Feb 23, 2018 4:42am Feb 23, 2018 4:42am
Quoting kprsa
On oil there is a pullback going on currently, I will probably enter the uptrend as soon as the pullback starts failing. k {image}

Well anticipated KPRSA !
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD 112 23 FEVRIER 2018.jpg Size: 187 KB
  • #687
  • Feb 23, 2018 5:06am Feb 23, 2018 5:06am
Quoting parisboy
I trade the DAX or the DOW because of the consequent amplitudes of the Swings It is easier to catch 30 points on an amplitude of 125 points than 7 or 8 points on an amplitude of 32
Exactly, that's why I need to see were price sits within the Murrey grid and then use the levels as price moves to confirm price expectation
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30SBM1b.png Size: 85 KB
  • #688
  • Edited 10:01am Feb 23, 2018 5:13am | Edited 10:01am
Quoting OAPDave
{quote} Exactly, that's why I need to see were price sits within the Murrey grid and then use the levels as price moves to confirm price expectation {image}

OAPDave

you cannot trade correctly and efficiently with "Murrey grid" because" Murrey Grid" covers only the Neutral or Flat Trend with its Horizontal Lines

"Murrey Grid" does no cover the UP and Down scenarios as "Murrey Grid" does not take into account the underlying trend (Up or Down) effect on Price Action :

The Underlying trend is the reason why you have to double or halve the parameters of the Grid
  • #689
  • Feb 23, 2018 5:20am Feb 23, 2018 5:20am
Quoting parisboy
{quote} OAPDave you cannot trade correctly and efficiently with "Murrey grid" because" Murrey Grid" covers only the Neutral or Flat Trend with its Horizontal Lines "Murrey Grid" does no cover the UP and Down scenarios as weel as it does not take into account the underlying trend (Up or Down) effect on Price Action : it is why you have to double or halve the parameters of the Grid
The (Chart - Shift) acts as a kind of m/avg ? and its why guys struggle with understanding Murrey ?
  • #690
  • Edited 6:39am Feb 23, 2018 5:44am | Edited 6:39am
Quoting OAPDave
{quote} The (Chart - Shift) acts as a kind of m/avg ? and its why guys struggle with understanding Murrey ?
OAPDave

"Murrey Grid" is ONLY ONE WAY of using the Division by 8 of a Price Range

ANY division by 8 of whatever Price Range mimics (is an approximation ) of the usual Fibonacci Serie which shows a parabolic move.

I write "the usual Fibonacci Serie" : 1,1, 2, 3, 5, 8, 13, 21,34, 55, 89 etc because there too this "Fibonacci serie" is a specific way of the Fibonacci Methodology (starting with one)

take randomly 2 numbers , add them, then add the result with the last number etc and you will get too a Parabolic Curve and very quickly the ratio of the last number on the previous one tends to 1,618
  • #691
  • Edited 11:48am Feb 23, 2018 5:52am | Edited 11:48am
Quoting OAPDave
{quote} The (Chart - Shift) acts as a kind of m/avg ? and its why guys struggle with understanding Murrey ?
Similarly for Murrey !

a) Gann used first the division by 8 of a price interval between a Low (which low to choose) and a Top (which Top to choose)

b) remember that Gann had no hand calculator, no computer then at the end of his life Gann used a different version of the division by 8 of a Price Range

Gann rationalized the utilisation of the Division by 8 of a Price Range using Price range 0-1, 0-10, 0-100, 0-1000, 0-10000 etc

this way you have the same "levels" for your "Octaves" or Support and Resistance Lines, you just have to move the decimal on the left or on the right

Moreover you can compare financial instruments fluctuating within the same range, create "groups" and observe their behaviour
  • #692
  • Edited 9:24am Feb 23, 2018 6:02am | Edited 9:24am
Quoting OAPDave
{quote} The (Chart - Shift) acts as a kind of m/avg ? and its why guys struggle with understanding Murrey ?
But OAPDave another "conceptual" move is possible.

Where to put your (0/8) Line, your Start Line - your BASELINE ?

BASELINE can begin ANYWHERE as whatever Price Range can be divided in tenths, hundredths, thousandths.

example : the EURUSD

a) you can decide than the EURUSD fluctuates between Baseline (0/8) = ZERO and Ultimate Resistance (8/8) = 2

Then Price Range is 2 - Octave is 2/8 = 0,25

Sub-Octaves are 0,125 / 0,0625 / 0,03125 / 0,015625 / 0,0078125 / 0,00390625

b) but you can also decide that EURUSD Price Action fluctuates between BASELINE (0/8) = 0,75 and (8/8) Ultimate Resistance = 1,75

Then Price Range is 1 - Octave = 1/8 = 0,125 ..... which is the first sub-octave of the previous example

Everything is bound and "fractalized"
  • #693
  • Feb 23, 2018 6:36am Feb 23, 2018 6:36am
Great info my friend, got to say you know your stuff, that's more than I can say about myself, I just have to take a estimation of a daily range and work with that to take a few pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: DAX30SBM1mm.png Size: 72 KB
Click to Enlarge Name: DAX30SBM1.png Size: 92 KB
  • #694
  • Feb 23, 2018 6:48am Feb 23, 2018 6:48am
Quoting OAPDave
Great info my friend, got to say you know your stuff, that's more than I can say about myself, I just have to take a estimation of a daily range and work with that to take a few pips {image} {image}

OAPDave

Which Baseline is the most operative ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSD SRL 1.jpg Size: 133 KB
Click to Enlarge Name: EURUSD SRL 2.jpg Size: 138 KB
  • #695
  • Feb 23, 2018 7:01am Feb 23, 2018 7:01am
Attached Image (click to enlarge)
Click to Enlarge Name: EU.jpg Size: 436 KB
  • #696
  • Feb 23, 2018 7:03am Feb 23, 2018 7:03am
Quoting OAPDave
Great info my friend, got to say you know your stuff, that's more than I can say about myself, I just have to take a estimation of a daily range and work with that to take a few pips {image} {image}
OAPDave

this chart to help everyone to understand why 1.25 is a key number for the EURUSD

1.25 is the Center of Gravity (Mid-Point) of the Operative Price Range 0.75 / 1.75

Red and Green Areas summed tend to be of the same surface and tend towards zero and the mean 1.25
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD WHY 1.25 IS IMPORTANT.jpg Size: 136 KB
  • #697
  • Feb 23, 2018 7:24am Feb 23, 2018 7:24am
Update on Dax ? I am just fumbling in the dark with this game, the horses make much more sense to me and are kinder
Attached Image (click to enlarge)
Click to Enlarge Name: DAX30SBM1.png Size: 94 KB
  • #698
  • Feb 23, 2018 7:36am Feb 23, 2018 7:36am
Quoting OAPDave
Update on Dax ? I am just fumbling in the dark with this game, the horses make much more sense to me and are kinder {image}

My 2 cents
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 112 23 FEVRIER 2018.jpg Size: 212 KB
  • #699
  • Feb 23, 2018 7:41am Feb 23, 2018 7:41am
Quoting kprsa
On oil there is a pullback going on currently, I will probably enter the uptrend as soon as the pullback starts failing. k {image}
Accurate view KPRSA !
Attached Image (click to enlarge)
Click to Enlarge Name: WTICOUSD 552 23 FEVRIER 2018.jpg Size: 202 KB
  • #700
  • Feb 23, 2018 7:50am Feb 23, 2018 7:50am
Quoting parisboy
{quote} Accurate view KPRSA ! {image}
Parisboy, really enjoyed our exchange of posts and as I have said before your a top guy with a really good and interesting thread but for some strange reason, just like the other thread I follow the interest seems woeful in your teaching, I will give it a rest now in the hope of a little interest just might rear its head, please keep posting I for one appreciate your efforts
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