{quote} oapdave can we have your mt4 template please for this chart?
Ignored
Parisboy gives me a little slack when I post as it's not strictly the way he wants us to trade with his method but i like to think that i am trying to understand the way he does things, all I have done on the 1 minute chart (which you do not have to blink) is for me to watch the envelopes in action and learn, now i must admit that I have centred all 3 to have a look of each one in action, hence my set up is as follow
1 min with as near as i can get as mt4 only give 2 decimal points
32 envelope -16, simple, median (H/L) with % 0.04
128 envelope -64, simple, median (H/L) with % 0.08
256 envelope -128, simple, median (H/L) with % 0.16
I will not make any Reference to the Murrey Grid as Parisboy do'es not agree with it's use
I must add these setting are not exactly true as Parisboy shows us but its giving me a very good and quick idea whats happening with price, also as you can see I have centred all 3 were as Parisboy shows us to use just the -16 for the 3.
You will just have to make a % deviation change to use bigger time frames.
M/avg are just the same Simple, median 32 -16
See what you come up with for the Daily remember all you have to do is play with the deviation % on the envelope
As said this is only my own idea and i am expecting Parisboy to give me a rollicking, but hey it gets interest in the thread
Analysis and Trading based on Envelopes, Waves, Cycles
