Just for the fun !
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Analysis and Trading based on Envelopes, Waves, Cycles
- #1,163
- Edited 10:53am Jun 7, 2018 10:19am | Edited 10:53am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
- #1,167
- Jun 7, 2018 11:27am Jun 7, 2018 11:27am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
Murrey 256 & 128 & 32 & 16
- #1,168
- Jun 7, 2018 11:35am Jun 7, 2018 11:35am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
old memories ! 
- #1,179
- Jun 8, 2018 5:14am Jun 8, 2018 5:14am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Slowly my eyes are starting to see what yours are seeing
good that you are on the right track !
You know what I think of Murrey - the public guy, according to what he wrote (bragged)
but he wrote a long time ago many times something about "college kids and women catching his system very quickly"
So do not look for very complicated things.
Just determine the correct/ adequate / simple Range / Octave which seems you to fit the best on the Long Term chart from Ground Zero
Then you divide the Octave by 2 successively according to your time frame
Result is very stable
As for Forex pairs it is simpler :
Let's assume that one pair has a Range of 1 - Octave is 1 / 8 = 0.125
NZDUSD has a Range of 0.5 - Octave is 0.5 / 8 = 0.625
0.625 is 1/2 of 0.125
That is the same fractal. You manipulate endlessly the same numbers.
You just have to :
- move the decimal on the left or on the right
- divide or multiply by 2
