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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

  • #1,021
  • May 17, 2018 10:40am May 17, 2018 10:40am
Newhope

on M1 price action is at 99 % under your Center of Gravity

a strong sign of weakness too
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M1.png Size: 32 KB
  • #1,022
  • Edited May 18, 2018 1:56am May 17, 2018 11:10am | Edited May 18, 2018 1:56am
Conversely that is only recently that on M5 EURUSD reaches a weak position

so in these 3 Timeframes EURUSD is now in a weak position
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M5.png Size: 36 KB
  • #1,023
  • Edited 10:42pm May 17, 2018 9:30pm | Edited 10:42pm
Quoting parisboy
Conversely that is only recently that on M5 EURUSD reches a weak position so in these 3 Timeframes EURUSD is now in a weak position {image}
Thanks parisboy, your are right tthat all of them are in a weak position at the moment. Any clue, how do you draw the red and yellow color area on the images ?
edit: any mql programmer idea's is welcome. to make it simple, using MA line is ok (see image below), or any link on how to do it will be also helpful. Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Area-Above-Below-MA-Line.png Size: 43 KB
  • #1,024
  • May 18, 2018 1:55am May 18, 2018 1:55am
Quoting newhope
{quote} Thanks parisboy, your are right tthat all of them are in a weak position at the moment. Any clue, how do you draw the red and yellow color area on the images ? edit: any mql programmer idea's is welcome. to make it simple, using MA line is ok (see image below), or any link on how to do it will be also helpful. Thanks {image}

I am just using Paint
  • #1,025
  • May 18, 2018 2:17am May 18, 2018 2:17am
An old indicator i have, i have set it to a baseline 1.5625 and a gap of 244 it has fib levels between each 244 line
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDSBDailyabon.png Size: 70 KB
  • #1,026
  • May 18, 2018 2:33am May 18, 2018 2:33am
Quoting OAPDave
An old indicator i have, i have set it to a baseline 1.5625 and a gap of 244 it has fib levels between each 244 line {image}
IMHO simplification of Price Action is key to reveal and understand its structure and eventually to produce "rules"
Attached Image (click to enlarge)
Click to Enlarge Name: OAPDave KISS CHART.png Size: 47 KB
  • #1,027
  • May 18, 2018 2:59am May 18, 2018 2:59am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 11 18 MAI 2018.png Size: 200 KB
  • #1,028
  • May 18, 2018 3:07am May 18, 2018 3:07am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 55 18 MAI 2018.jpg Size: 170 KB
  • #1,029
  • May 18, 2018 4:55am May 18, 2018 4:55am
Quoting OAPDave
{quote} Think you are definitely correct, its just a patient game to get price were you want to trade {image}
OAPDave

I agree that the "Gann Murrey" system / methodology works like Russian Dolls.

You define an Octave then you divide 8, then you can slice again the Octave of inferior degree by 8 etc.

But as told me a former mentor when I was young (a long time ago) " by drawing lines everywhere they will eventually end up touching something !"

Too much information kills information

That is (partly) the subjective or discretional part of this methodology
Attached Image (click to enlarge)
Click to Enlarge Name: OAPDave KISS CHART 2.png Size: 97 KB
  • #1,030
  • May 18, 2018 6:05am May 18, 2018 6:05am
Attached Image (click to enlarge)
Click to Enlarge Name: GANN GRAPH REAL SQUARE 45° ANGLE.png Size: 659 KB
Attached Image (click to enlarge)
Click to Enlarge Name: ANGLES DE 45°.jpg Size: 172 KB
  • #1,031
  • May 18, 2018 6:27am May 18, 2018 6:27am
Quoting OAPDave
1 base number for all non Yen Pairs and 1 base number for all Yen Pairs {image} {image} {image} {image}
Right ! I will work on it
  • #1,032
  • May 18, 2018 6:34am May 18, 2018 6:34am
Quoting parisboy
{quote} Right ! I will work on it
1.5625 non Yen Pairs gap 122 or 244
156.25 Yen Pairs gap 78 or 156
  • #1,033
  • May 18, 2018 7:09am May 18, 2018 7:09am
Quoting OAPDave
1 base number for all non Yen Pairs and 1 base number for all Yen Pairs add your own trend lines Only need to trade of Daily Time Frame even to scalp ! {image} {image} {image} {image}
After 2 nd thoughts it has nothing to do with non yen pairs and Yen pairs

It has to do with : in which Fractal of Price fluctuates pair XY

Most of them fluctuates within the Fractal of Price (Price Range) (0 / 1)

According to the taste and eyes of everyone EURUSD can be seen as fluctuating between Price Range 0-2 or 0,75 - 1, 75 = 1 (see a previous post) ..... which is exactly the same thing

If we consider the "correct range " = 2

Octave / Vibration = 2 / 8 = 0, 25

Subharmonics are :

0,125
0,0625
0,03125
0,015625
0,0078125
0,00390625
0,001953125
0,0009765625
0,00048828125

etc

Then if you consider that the correct Price Range to use is 1, Octave is 1 / 8 = 0,125 .... which is the 1 st subharmonic of the previous Fractal of Price / Price Range

All pairs can be connected, that is the robustness and the beauty of the system / methodology

Let's consider the CADUSD !

On the Long Term chart your BASELINE is obviously 0,62 (SRL / MML (0/8) in blue)

Your Fractal of Price Top can be correctly located at 1,12 (SRL / MML (8/8) in blue)

Your Price Range is 1,12 - 0,62 = 0,50

Your Octave is 0,5 / 8 = 0,0625 .... which is the second subharmonic of the Fractal of Price / Price Range (0/2) !
Attached Image (click to enlarge)
Click to Enlarge Name: CADUSD RANGE.png Size: 99 KB
  • #1,034
  • May 18, 2018 7:25am May 18, 2018 7:25am
Same thing for NZDUSD

Let's consider the NZDUSD !

On the Long Term chart your BASELINE is obviously 0,38 (SRL / MML (0/8) in blue)

Your Fractal of Price Top is obviously located at 0,88 (SRL / MML (8/8) in blue)

Your Price Range is 0,88 - 0,38 = 0,50

Your Octave is 0,50 / 8 = 0,0625 .... which is the second subharmonic of the Fractal of Price / Price Range (0/2) !
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD RANGE.png Size: 103 KB
  • #1,035
  • May 18, 2018 7:35am May 18, 2018 7:35am
Let's summarize your recent knowledge

Every pair fluctuation is connected (that is logical) whatever pair you use

There are singularities

CADUSD and NZDUSD have not the same BASELINE (0,62 and 0,38), but both pairs fluctuate within the same Price Range of 0,50 and are sensitive to the same Octave of 0,0625

This where we use the Hurst principle of commonality
  • #1,036
  • May 18, 2018 7:36am May 18, 2018 7:36am
Hmmmmmmmmmmmmm, I can see why the Brexit talks are taking so looooooooong It's very enlightening for me to try to understand your replies they are always so detailed, sorry i used the wrong terminology when i said Baseline i suppose it should be Reference line because when i set it there the indicator produces so many gaps both up and down from there hence i do not have to keep recalculating, really enjoy the banter my friend
  • #1,037
  • Edited 7:57am May 18, 2018 7:44am | Edited 7:57am
Right now DJIA is very near from 25 000

Long Term Price Range is 0-25 000

Octave / Vibration is 25 000 / 8 = 3 125

Subharmonics are :

1 562,5
781,25
390,625
195,03125

etc

It is not stupid to link the Dow Jones and the US Dollar

Everything is connected

Beauty and robustness of the system / methodology - you use (memorize) the same numbers and you just have to move the decimals on the right or the left.

My 2 cents advice : learn to divide or multiply by 2 ! You will be rewarded !
Attached Image (click to enlarge)
Click to Enlarge Name: DOW 11 18 MAI 2018.png Size: 126 KB
  • #1,038
  • May 18, 2018 9:49am May 18, 2018 9:49am
Quoting parisboy
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 ...
Hi parisboy,
I still do not understand why you take 2,20 and 1,20 in this example. If we take 2,15 and 1,15 (which will give us the same range), i think it is more centered ... Will the result by using 2,2 and 1,2 better than using 2,15 and 1,15 ?? or any other reason ... ?
  • #1,039
  • May 18, 2018 9:56am May 18, 2018 9:56am
DOW FLD Trading Closed Long position + 16 points
Attached Image (click to enlarge)
Click to Enlarge Name: DOW FLD TRADING LONG 18 MAI 2018.png Size: 159 KB
  • #1,040
  • May 18, 2018 9:57am May 18, 2018 9:57am
Quoting newhope
{quote} Hi parisboy, I still do not understand why you take 2,20 and 1,20 in this example. If we take 2,15 and 1,15 (which will give us the same range), i think it is more centered ... Will the result by using 2,2 and 1,2 better than using 2,15 and 1,15 ?? or any other reason ... ?
Best answer : check both charts and solutions
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