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  • #681
  • May 16, 2018 10:01am May 16, 2018 10:01am
Quoting OAPDave
{quote} Hi, my friend I very much respect your skill as a trader and i would really like to understand more about your style, the problem i have and its my problem not yours is that you use Tradeview and i use Mt4 which as its limitations to reproduce your charts, because you show a fair bit of data in you screen shots i find it hard to see the detail to right of the chart, so it becomes difficult to see your entries exits and stops, Right or wrong i have been bought up on Pivots and in recent years a switch to Murrey i have soldiered on trying...
Yes I view it the same way hence my aggressive stance when I first saw parisboys charts.

I guess I still frown at them but I'm prepared to give him a little room to breathe.

Why ?

Because I'd like him to zoom into the far right side of the chart and outline his trade entry logic.

I'm sure that would create a better discussion.

Masterrmind.............
Master your Mind then Master your Trades
  • #682
  • May 16, 2018 10:13am May 16, 2018 10:13am
Quoting parisboy
{quote} OAPDave according to the methodology I use the "correct" Octave (your Octave Gap) for the GBPUSD on a Timefrme of 24 Hours expressed in 1 mn is 0,003125 and its sub-harmonics 0,0015625 and 0,00078125 {image}
Hi parisboy,

Could you elaborate at all on what your trade setup/logic is in the red zone.
Attached Image (click to enlarge)
Click to Enlarge Name: parisboy-trade-logic.png Size: 294 KB

What are you looking for before you take a trade ?

Where is your stop and where is your likely target assuming that you would be looking for a trade in this zone ?

If not then where on the chart would a good entry in your mind actually be ?

Masterrmind.............
Master your Mind then Master your Trades
  • #683
  • May 16, 2018 10:18am May 16, 2018 10:18am
Please do not rush into your reply parisboy.

I'm afraid I am off to rest now but wanted to post the above questions for you.

Good trading and I'll be sure to read it tomorrow.

Masterrmind.............
Master your Mind then Master your Trades
  • #684
  • May 16, 2018 10:29am May 16, 2018 10:29am
Quoting OAPDave
1st glance MAGIC i will look in detail later tonight THANKS a Million {image}
GBPUSD 1 Month / 30 mn with MML's

Octave Gap is 1,440 - 1,340 = 0,100 /8 = 0,0125
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSDD 1 MOIS SRL.png Size: 121 KB
  • #685
  • May 16, 2018 4:11pm May 16, 2018 4:11pm
Looks good to me examples
Big Time Chart
From last Months Candle
From Last Weeks Candle
From Yesterdays Candle
Only problem i see, is take the Monthly when it goes through the OB/OS and that means it would fall into another Octave, what to do ? drop down to the Weekly or Daily or may be have the option for having a double Octave.
Attached Image(s) (click to enlarge)
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  • #686
  • Edited 5:29pm May 16, 2018 5:14pm | Edited 5:29pm
Quoting OAPDave
Looks good to me examples Big Time Chart From last Months Candle From Last Weeks Candle From Yesterdays Candle Only problem i see, is take the Monthly when it goes through the OB/OS and that means it would fall into another Octave, what to do ? drop down to the Weekly or Daily or may be have the option for having a double Octave. {image} {image} {image} {image}
OAPDave

every body can notice that the "operative" Price Range of GBPUSD on a Long Term basis - here 1994 / 2018 - is 1 = 2,20 - 1,20

The Vibration / Octave is 1 /8 = 0,125

Therefore whatever Time Unit you use the operative sub-octave are :

0,0625
0,03125
0,015625
0,0078125
0,00390625
0,001953125

etc
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD LONG TERM 1994-2018 SRL.png Size: 105 KB
  • #687
  • May 16, 2018 5:26pm May 16, 2018 5:26pm
Quoting Masterrmind
{quote} Hi parisboy, Could you elaborate at all on what your trade setup/logic is in the red zone. {image} What are you looking for before you take a trade ? Where is your stop and where is your likely target assuming that you would be looking for a trade in this zone ? If not then where on the chart would a good entry in your mind actually be ? Masterrmind.............
Masterrmind

Trade Logic at first sight would have been a short position

a) Enveloppe 256 TU (brown) and 32 TU (blue) are Down

b) Stop Loss would have been slightly above the Centered Moving Average 256 TU (Brown) acting as a strong Resistance

c) First target the Lower Limit of the Envelope 128 TU (ocre)

d) Then optionally Second Target the Lower Limit of the Envelope 256 TU (brown)

But before acting I would have checked :

- The 5 Days / 5 mn Envelopes situation
- The Centered Moving Averages crossings chart
- The FLD chart

Hurst asks us to use all cyclic tools together
Attached Image (click to enlarge)
Click to Enlarge Name: PARISBOY TRADE LOGIC.png Size: 289 KB
  • #688
  • May 16, 2018 11:08pm May 16, 2018 11:08pm
Quoting OAPDave
Looks good to me examples Big Time Chart From last Months Candle From Last Weeks Candle From Yesterdays Candle Only problem i see, is take the Monthly when it goes through the OB/OS and that means it would fall into another Octave, what to do ? drop down to the Weekly or Daily or may be have the option for having a double Octave. {image} {image} {image} {image}
It really does depend on which way you want to play it.

From an MML (indicator) logic point of view it may very well suggest that once a new Grid appears then base trading decisions on those levels for the applicable TF of the chart.

Or it might mean using the MML lines that were in place at the time of trade execution through to completion.

Decisions that only the trader can make.

No matter the re-adjustment of MML lines it is always possible to apply the MML-Fibs across any octive no matter if the change creates an octive increase or decrease it matters not.

What matters is your own peronal trading methodologies based in and around price being in a certain cluster of MMLs on a given TF.

We have the MML tools now as well as the ability to modify, change or enhance them to our desire.

You may well have to plan out your own trading methodology and apply the tools in any fashion that suits that plan.

We have a huge margin for flexibility so any methodology you think up most likely we can provide the right tool.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

There are several steps involved in the trading methodology approach some of which include:

1. Design a methodology around certain events (MML line #, MML combos, price wrt MML's, SL pips, reward to risk ratio etc etc)

2. Apply a raw first pass on several charts over several periods of data (typically shorter periods depending on complexity of the system)

3. Analyze several outcomes and form a statistical opinion (still in a raw form) likely win rate/likely losing rate, just a general idea

4. Change some of the 'key' parameters and make some raw observations.

OR

5. Code your methodology into C++ for MT4/5 testing AND potentially future trading

6. Once the Expert Advisor and any relevant indicators are coded and bug free move to the next stage

7. Test your methodology over short, medium and longer term data periods (eg 1 to 3 months, 3 months to a year, and 1 to 5 to 10 years or more data. Stagger the start dates for eg test it from 2014 to 2017, 2005 to 2018, over a known highly volatile period 2007/8 etc etc

8. Testing like this is to determine the robustness of the methodology

9. It takes time to eventually form an opinion of whether or not the methodolgy 'might' work in the market

10. Then forward trst it on a demo (if preferred for as long as you are able), then a small live account (if the methodolgy suits a small account) and then forward test it on an appropriately funded live account.

Tweak it here and there as necessary and be sure to provide a solid set of risk control parameters.

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

I know you are perhaps more inclined to go the manual route and that is perfectly ok but you will have a hard time testing your strategy over multiple data sets. This too may not concern you.

No matter the data tests being used, on a live market it may still fail but you won't know until you try it.

I could have used the EA testing approach with the MTTTM system (who is to say I have not !).
I also know that far too many 'traders' on these forums simply want a fast and quick approach to 'trading' by plugging in an EA and 'hoping' it makes them a million dollars.

If an EA is provided straight up they will mostly skip all the rational of the trading method and start playing with their brand new toy (EA).

In any case I am more inclined to take a manual trading approach although as the MTTTM strategy becomes far more complex and multiple pending orders need to be applied it makes logical sense to use an EA or at least a script to assist the trader in performing some of the repetitive tasks.

Masterrmind...............
Master your Mind then Master your Trades
  • #689
  • May 17, 2018 2:38am May 17, 2018 2:38am
Quoting parisboy
{quote} Masterrmind Trade Logic at first sight would have been a short position a) Enveloppe 256 TU (brown) and 32 TU (blue) are Down b) Stop Loss would have been slightly above the Centered Moving Average 256 TU (Brown) acting as a strong Resistance c) First target the Lower Limit of the Envelope 128 TU (ocre) d) Then optionally Second Target the Lower Limit of the Envelope 256 TU (brown) But before acting I would have checked : - The 5 Days / 5 mn Envelopes situation - The Centered Moving Averages crossings chart - The FLD chart Hurst asks us...
I appreciate your response.

If it works well for you then all well and good.

At the end of the day its not necessarily the system that fails or not, its the trader !

Good trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #690
  • Edited 3:59am May 17, 2018 3:40am | Edited 3:59am
Masterrmind must say a big thank you for the new toy, its already showed me a mistake in my thought process on how i viewed Octave acceptance down at lower timeframes i have enclosed the 7 screenshots of the Murrey Octave numbers and yes for obvious reason's some are the same but look carefully down at the 4 8 16 these are a copy from my Murrey EOD Think Chart Shift
Plus Xard's Toy ?
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  • #691
  • May 17, 2018 6:08am May 17, 2018 6:08am
Masterrmind

as you have shown interest on Hurst Cycles, I assume you have also some interests in how to use Hurst tools in trading.

Following your request on "my trading logic on the red zone" I kept a loose eye on GBPUSD and trade it using the Future Line of Demarcation tool which is developed at length by Hurst in its Cyclitec Course (1975)

Basically a Future Line of Demarcation (FLD) is the projection of Price Action in the Future of 1/2 period of a relevant cycle.

This way when Price Action breaks the FLD you can define a Target for Price

Here for GBPUSD you note :

a) a Low (in red) at 1,34716
b) Price Action breaks the FLD 256 TU (in brown) at 1,34900

this way you can calculate a Target for Price :

From the Low 1,34716 Price movement would be :

2 x (1,34900 - 1,34716) +/- 10 %
2 x 0,00184 +/- 10 %

0,00368 +/-0,00037

Therefore you get a PTZ (Potential Target Zone) defined by :

a) an Upper Limit = 1,34716 + 0,00368 + 0,00037 = 1,35121
b) a Lower Limit = 1,34716 + 0,00368 - 0,00037 = 1,35047
c) a Center of Gravity = 1,34716 + 0,00368 = 1,35084

Following this calculation and in spite of the fact I was not before my screen at the time of the Break, I made a late Entry at 1,34981 and sold at 1,35045 near the Lower Limit to protect profit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD FLD LONG 16 MAI 2018.png Size: 176 KB
  • #692
  • May 17, 2018 6:58am May 17, 2018 6:58am
Masterrmind,

In the same way you can use Centered Moving Averages crossings

When multiple Centered Moving Averages meet Price and cross in the same area , they build what Jim Tillmann called a Focal Point or Node.
Roughly this node is located at the half / middle of the Price Movement either UP or DOWN.

On the chart the Nodes noted 1 to 7 (in green) are here to build your confidence in the system / tool.

We had :

a Top of GBPUSD at 1,35120
a Node around 1,34920
a Low at 1,34716

as we got a PTZ (Potential Target Zone) between 1,34760 and 1,34680 with a Center of Gravity at 1,34720

and as Price Action formed a Real Low at 1,34716 and we were already UP , I was confident that we already made our last low and that GBPUSD Trend was UP , then I entered at 1,34786 for a profit
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD MMC CROSSINGS 16 MAI 2018. MASTERMIND.png Size: 175 KB
  • #693
  • Edited 8:40am May 17, 2018 8:09am | Edited 8:40am
Quoting parisboy
Masterrmind, In the same way you can use Centered Moving Averages crossings When multiple Centered Moving Averages meet Price and cross in the same area , they build what Jim Tillmann called a Focal Point or Node. Roughly this node is located at the half / middle of the Price Movement either UP or DOWN. On the chart the Nodes noted 1 to 7 (in green) are here to build your confidence in the system / tool. We had : a Top of GBPUSD at 1,35120 a Node around 1,34920 a Low at 1,34716 as we got a PTZ (Potential Target Zone) between 1,34760 and 1,34680...
Great posts, i love the way you come to your numbers, now i know you never get anything without a bit of hard work but i am seeing as near to your numbers off a 4 day Murrey, my belief in Murrey is getting stronger now i have better tools to translate it.
To me if you have a chart shift down you must Sell any rallies until it fails and you get a chart shift up and then you would Buy the dips, ( were have I heard that before)
Attached Image (click to enlarge)
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  • #694
  • May 17, 2018 9:10am May 17, 2018 9:10am
Quoting OAPDave
{quote} Great posts, i love the way you come to your numbers, now i know you never get anything without a bit of hard work but i am seeing as near to your numbers off a 4 day Murrey, my belief in Murrey is getting stronger now i have better tools to translate it. To me if you have a chart shift down you must Sell any rallies until it fails and you get a chart shift up and then you would Buy the dips, ( were have I heard that before) {image}
Thanks OAPDave

In fact it is very simple you just have to master the multiplication or division by 2 !

Moreover you can notice the big coherence of the system / methodology.

a) return to the mean = 1/2 = 50 % retracement = Center of Gravity = Support & Resistance Line is key.
b) Octave / Vibration = Price Range / 8 is also key - see my post 686 on GBPUSD Octave / Vibration which covers all about GBPUSD Vibration.
c) as many Forex pairs fluctuate in the same Price Range you can use it too.
d) the japanese Yen fluctuates in a 100 Range .... which is exactly the same ! You just have to move the decimal on the left

100 / 8 = 12,5

subharmonics are :

6,25
3,125
1,5625
0,78125
0,390625
0,1953125

etc

If 100 is a first good approximation of the vibration for the Yen. You can also use 75 to be closer of the reality and stay tuned with real fluctuations.

Then Octave Vibration of the Yen = 75 / 8 = 9,375 . according to platform or software specification, this can be rounded to 10

The best way is to check both solutions and see what fits you the best
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY LONG TERM RANGE.png Size: 104 KB
  • #695
  • May 17, 2018 9:12am May 17, 2018 9:12am
Quoting parisboy
Masterrmind as you have shown interest on Hurst Cycles, I assume you have also some interests in how to use Hurst tools in trading. Following your request on "my trading logic on the red zone" I kept a loose eye on GBPUSD and trade it using the Future Line of Demarcation tool which is developed at length by Hurst in its Cyclitec Course (1975) Basically a Future Line of Demarcation (FLD) is the projection of Price Action in the Future of 1/2 period of a relevant cycle. This way when Price Action breaks the FLD you can define a Target for Price Here...
Nice work !

You clearly have a plan in place.

Do you favor one particular TF over another or focus on just the one ?

Masterrmind.............
Master your Mind then Master your Trades
  • #696
  • May 17, 2018 9:45am May 17, 2018 9:45am
Quoting Masterrmind
{quote} Nice work ! You clearly have a plan in place. Do you favor one particular TF over another or focus on just the one ? Masterrmind.............
Thanks Masterrmind

As for a TF it depends on your aim - portfolio management or intraday

For intraday I like the 1 mn because you see very quickly the result of your forecasts / anticipations , the patterns etc

Any way it is always useful to test ALL tools on ALL Timeframes - it will give you confidence in their efficiency and in your parameters

As a plan my best advice is to follow the book - Profit Magic - from Hurst

Let aside the Cycle thing to begin. I mean the Phasing Analysis, the Nominal Model

Which is directly and quickly operative (with a little work) are

a) The Envelopes - Hurst Bands or Dominancy Envelopes .

Hurst used them to have a good approximation of Cycles active in Price Action and to visualize Trens on various Time Frame
Envelopes underline Tops and Lows of operative Cycles on various Timeframes

It is there where I use the Octave and its sub-harmonics

b) Centered Moving Averages

allow you :

- to calculate targets for price
- to confirm previous Tops and Lows

c) Valid Trend Line (VTL)

VTL link Tops or Lows of the same nature, degree , order
VTL underline trends of different degrees
when broken by Price Action VTL's generate (cyclical) Action Signal to Sell or Buy

d) FLD - Future Line of Demarcation

a simple tool to build but much more complex to use

All Hurst tools need to know which Cycles are operative within Price Action (see Envelopes)

The "Model" I use - 256 / 128 / 32 - Murrey based - is very "robust" on all Timeframes and all Financial Support
  • #697
  • May 17, 2018 10:04am May 17, 2018 10:04am
Quoting parisboy
{quote} Thanks Masterrmind As for a TF it depends on your aim - portfolio management or intraday For intraday I like the 1 mn because you see very quickly the result of your forecasts / anticipations , the patterns etc Any way it is always useful to test ALL tools on ALL Timeframes - it will give you confidence in their efficiency and in your parameters As a plan my best advice is to follow the book - Profit Magic - from Hurst Let aside the Cycle thing to begin. I mean the Phasing Analysis, the Nominal Model Which is directly and quickly operative...
There is more than 1 road that leads to Rome ... as they say.

Unlikely that I would apply crosses of any MAs in my trading.

But if they work for you best advise is to keep using what works.

Personally, I find PA analysis in alignment with the fundamentals works best for me in my private trading.

The great thing about trading is that there is not just 1 method that is the be all and end all, rather there are 1000's.

Every trader likes his/her set of trading tools, from my perspective I like the charts as clutter free as possible and minimalistic.

Yes I know I have 13 horizontal lines on the chart but they are very simple, evenly spaced and parallel.

Thanks for sharing your methodology.

Masterrmind...............
Master your Mind then Master your Trades
  • #698
  • May 22, 2018 7:40pm May 22, 2018 7:40pm
GBPCAD

Loss trade

-0.5%
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 78 KB

Masterrmind.............
Master your Mind then Master your Trades
  • #699
  • May 22, 2018 9:06pm May 22, 2018 9:06pm
Return by Trade Chart (demo testing account)

Current gain in Equity not far above the +10% level having climbed as high as +40% (just under in fact).
Attached Image (click to enlarge)
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Repetitive sequences of several losses in many TS Order 3 setups.

In other words several early losses tend to occur before a winning trade appears.

What is this observation trying to tell us ?

Notice in the posted chart that the drop in Equity gain is being reduced as TS Order 3's show negative cycle losses.
The slope of the decline of consecutive losses is less steep than for those losses occuring on higher risk per trade values.

What is this observation trying to tell us ?

Masterrmind.............
Master your Mind then Master your Trades
  • #700
  • May 22, 2018 9:38pm May 22, 2018 9:38pm
myfxbook
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB

Masterrmind..............
Master your Mind then Master your Trades
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