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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

  • #1,301
  • Edited 1:29pm Aug 4, 2018 11:29am | Edited 1:29pm
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  • #1,302
  • Aug 5, 2018 4:14am Aug 5, 2018 4:14am
Parisboy, some observations I have noticed looking at your method
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  • #1,303
  • Aug 5, 2018 4:30am Aug 5, 2018 4:30am
Quoting OAPDave
Parisboy, some observations I have noticed looking at your method {image} {image} {image} {image}

Dave,

note that it is not obvious and certain that :

- the Overbought and Oversold concepts
- Japanese Candlesticks

are related intimately with "Murrey's" core methodology

because both were at the time (1994) "fashionable" "in" . It looks modern
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  • #1,304
  • Aug 5, 2018 4:51am Aug 5, 2018 4:51am
Quoting parisboy
{quote} Dave, note that it is not obvious and certain that : - the Overbought and Oversold concepts - Japanese Candlesticks are related intimately with "Murrey's" core methodology because both were at the time (1994) "fashionable" "in" . It looks modern {image}
Parisboy, to be honest not quite understanding what you mean but all I can say the more I look (my way) into your method the better and better it looks.
p.s I know i stray a little from your teaching with my posts but more than happy to delete any you dislike.
  • #1,305
  • Aug 5, 2018 5:33am Aug 5, 2018 5:33am
Quoting OAPDave
Parisboy, some observations I have noticed looking at your method {image} {image} {image} {image}
Dave,

the Overbought / Oversold concept is a RELATIVE one, not an absolute

In "Murrey's" methodology and its derivatives, the system tolerates a variation outside the limits of +/- 25 %

It means that the original Price Range is relatively stable

This Variation Zone is ALSO an Hesitation Zone and a Phase of Transition between 2 adjacent Price Ranges
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  • #1,306
  • Aug 5, 2018 5:48am Aug 5, 2018 5:48am
Quoting parisboy
{quote} Dave, the Overbought / Oversold concept is a RELATIVE one, not an absolute In "Murrey's" methodology and its derivatives, the system tolerates a variation outside the limits of +/- 25 % It means that the original Price Range is relatively stable This Variation Zone is ALSO an Hesitation Zone and a Phase of Transition between 2 adjacent Price Ranges {image}
Please ignore the OB/OS area's its just that I have my fib tool set that way, are you saying that there is a transition period at 4/8ths stroke pivot, in essence all I am doing is dividing the envelope by 1/8ths
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  • #1,307
  • Aug 5, 2018 7:37am Aug 5, 2018 7:37am
Quoting OAPDave
{quote} Please ignore the OB/OS area's its just that I have my fib tool set that way, are you saying that there is a transition period at 4/8ths stroke pivot, in essence all I am doing is dividing the envelope by 1/8ths {image} {image} {image}

No problem ! Dividing by 8 is the basic idea of the whole process

What I say is that the overbought / oversold Zones are potentially a Transition Area to a doubled Octave Range Zone
  • #1,308
  • Edited 10:45am Aug 5, 2018 8:22am | Edited 10:45am
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Quite remarkable ?
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  • #1,309
  • Aug 5, 2018 11:22am Aug 5, 2018 11:22am
Quoting OAPDave
2928900 Quite remarkable ? {image}
What is remarkable is that the methology is simple :

You Add / Substract one Octave to the Centered Moving Average 256 to build the Envelope 256

Then you Add / Substract 1/2 Octave to the Centered Moving Average 128 to build the Envelope 128

You end the process by Adding / Substracting1/4 Octave to the Centered Moving Average 32 to build the Envelope 32

it works like the Russian Dolls (Matriochkas)
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  • #1,310
  • Aug 6, 2018 2:34am Aug 6, 2018 2:34am
Not keen on the 1 minute but watching and learning
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  • #1,311
  • Aug 6, 2018 2:48am Aug 6, 2018 2:48am
Hmmmmm Well that did not take long ?
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  • #1,312
  • Aug 6, 2018 3:11am Aug 6, 2018 3:11am
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  • #1,313
  • Aug 6, 2018 3:42am Aug 6, 2018 3:42am
Quoting parisboy
{image}
This is the nearest i can get with only 2 decimal points
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  • #1,314
  • Aug 6, 2018 4:01am Aug 6, 2018 4:01am
Parisboy, Could you please explain the reason why you do not centre the 256 & 128
  • #1,315
  • Aug 6, 2018 4:02am Aug 6, 2018 4:02am
No problem Dave

we have to stick to what is practically and simply doable as long as the general methodology is observed

- the Octave and its sub-harmonics gives us the "Vibration" to which the financial support is the most sensitive

- the 3 Envelopes build with the Octave gives us 3 Trends operative at the same time

- The Octave and its subharmonics gives us the Depth / Amplitude / Volatility of the financial support

The Centered Moving Averages and the Lower and Outer Limits of the Envelopes show the Trend(s) and act as Support and Resistance Curves

-
  • #1,316
  • Aug 6, 2018 4:12am Aug 6, 2018 4:12am
Quoting OAPDave
Parisboy, Could you please explain the reason why you do not centre the 256 & 128
Dave it is just practical.

You can use BOTH charts according to your needs and tastes

Here you have 4 Envelopes :

in Days

32 - 6 weeks
128 - 6 months
256 - 1 Year
1536 - 6 years
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  • #1,317
  • Edited 4:38am Aug 6, 2018 4:22am | Edited 4:38am
Quoting parisboy
No problem Dave we have to stick to what is practically and simply doable as long as the general methodology is observed - the Octave and its sub-harmonics gives us the "Vibration" to which the financial support is the most sensitive - the 3 Envelopes build with the Octave gives us 3 Trends operative at the same time - The Octave and its subharmonics gives us the Depth / Amplitude / Volatility of the financial support The Centered Moving Averages and the Lower and Outer Limits of the Envelopes show the Trend(s) and act as Support and Resistance...
Thanks my friend for quick reply, must say it looks good when you get your head around it. It's just a matter of getting your eyes to see the entries and exits that's why i have enlisted the help of my Fib Tool, do accept it's really not needed though.
I recall that you did some work with Sentient Trader do you still use it ?
  • #1,318
  • Aug 6, 2018 4:59am Aug 6, 2018 4:59am
Quoting OAPDave
{quote} Thanks my friend for quick reply, must say it looks good when you get your head around it. It's just a matter of getting your eyes to see the entries and exits that's why i have enlisted the help of my Fib Tool, do accept it's really not needed though. I recall that you did some work with Sentient Trader do you still use it ?

Yes I still use Sentient Trader but it is for me a complementary tool not the main one
  • #1,319
  • Aug 6, 2018 5:03am Aug 6, 2018 5:03am
Quoting OAPDave
Parisboy, Could you please explain the reason why you do not centre the 256 & 128

Let's add that I find difficult to trade with Centered256 and 128 Envelopes in 1 and 5 minutes
  • #1,320
  • Aug 6, 2018 8:58am Aug 6, 2018 8:58am
Very very weak but may be needs a little rest bite ?
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