Analysis and Trading based on Envelopes, Waves, Cycles

DOW closed Long position + 55 points

Hello Parsiboy really nice thread even follow the same trading principle like you be i am not as smart & intelligent as you when it comes to execution of the stratagy . All PARSI are smart and intelligent as i had many parsi friends like Dabbo , Mistry,Patel , Luth etc i wish tata, wadia , godrej where my friends too but infortunetly they are not ..good going keep it up

Hi Parsiboy ,
would you be kind enough to discuss the entry exit rules please are there any SOP's that you have developed from your vast experience in trading this hurst channels i do lots of errors while entry & exit can you help me streamline it please

Thank you

DAX Closed Short position + 52 points

DAX Closed Long position + 33 points

DAX Closed Long position + 29 points

Not all traders understand the importance of analysis and other things you should do before starting to work. You should do them every time you enter a trade and not once a month.

The dollar was trading 0.27% percent higher vs the Japanese yen at 107.06 as of 08:00 GMT on Thursday, with trade war concerns taking a leading role for the pair.

The American currency is nowadays the focus of Forex investors as the United States faces a strong challenge in terms of international trade policy.

The US dollar index, which measures the greenback against six major currencies, was trading 0.10 percent higher at 89.88 by the time of this writing.

China is not giving up hopes on a diplomatic resolution over the matter, but 106 US products were recently added to a list potentially subjected to higher tariffs.

On Wednesday, US President Donald Trump wrote on Twitter: “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”

The Trump administration offered further details on Tuesday over the $50 billion of Chinese goods that could be subject to 25 percent tariffs.

In other news, St. Louis Fed President James Bullard said Wednesday “it is not necessary in this circumstance to raise the policy rate further in order to put downward pressure on inflation, since inflation is already below target”

Higher interest rates increase demand for the dollar while reducing the call for safe havens such as the Japanese yen. In this scenario, the USDJPY can move higher.

Just might be making a little progress with my version of your method on MT4

My view of a stand alone 256 cycle in 1min & 5min format

I guess something like you view ?

Yes.

The important thing is to master the methodology, not to replicate what I do in the tiny details. On a French forum , some guys tell me " I have not the same Envelopes as you".

It is most often because we do not use the same platform, we have different data, time units or financial support (CFD, Futures) etc

Thank you