Analysis and Trading based on Envelopes, Waves, Cycles | Page 68 | Forex Factory

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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

  • #1,341
  • Aug 20, 2018 11:30pm Aug 20, 2018 11:30pm
Quoting parisboy
{image}
Sir in your thread have you anywhere posted the entry and exit rules please there was a time when i used to trade in keltners channels when i was new in trading but later on i did great mistake by not sticking to the system in fact the system that you have is almost similar but it will be very kind of you if you post the entry exit rules for your amazing system please
  • #1,342
  • Aug 21, 2018 3:15am Aug 21, 2018 3:15am
Quoting HumbleLearne
{quote} Sir in your thread have you anywhere posted the entry and exit rules please there was a time when i used to trade in keltners channels when i was new in trading but later on i did great mistake by not sticking to the system in fact the system that you have is almost similar but it will be very kind of you if you post the entry exit rules for your amazing system please
Be patient ! I will post some rules
  • #1,343
  • Aug 21, 2018 3:16am Aug 21, 2018 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 11 21 AOUT 2018.png Size: 222 KB
  • #1,344
  • Aug 21, 2018 3:16am Aug 21, 2018 3:16am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 55 21 AOUT 2018.png Size: 245 KB
  • #1,345
  • Aug 21, 2018 9:08am Aug 21, 2018 9:08am
Quoting parisboy
{quote} Be patient ! I will post some rules
OK Sir
  • #1,346
  • Aug 22, 2018 6:13am Aug 22, 2018 6:13am
Good day Parisboy,
I admire your confidence in charts you send to SF thread and I'm very interested
Coming here and going through 10 pages I still do not get your approach
How do I get the indicators
How do I trade it

Pls help as I don't know if I should continue with the pages

I will appreciate your help
  • #1,347
  • Aug 22, 2018 7:54am Aug 22, 2018 7:54am
Attached Image (click to enlarge)
Click to Enlarge Name: DAX TILLMAN FORKS 22 AOUT 2018.png Size: 181 KB
  • #1,348
  • Aug 22, 2018 7:56am Aug 22, 2018 7:56am
Envelopes allows you to rationalize and hierarchize MW patterns within the same Envelope
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD MW PATTERNS 20 AOUT 2018.png Size: 260 KB
  • #1,349
  • Aug 22, 2018 7:57am Aug 22, 2018 7:57am
MW Patterns of degree N are made of MW patterns of degree N-1

MW patterns, Harmonic Patterns, Waves and Cycles it is all the same : different names to describe the same Price Action
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD MW PATTERNS 2 20 AOUT 2018.png Size: 231 KB
  • #1,350
  • Aug 22, 2018 7:58am Aug 22, 2018 7:58am
Rationally explained :

a) when Price Action touches or crosses the Lower Limit of the Envelope 256 Time Units (here 1 mn then 4 H) it generates a Bottom noted B3 because Price Action has successively crossed 3 Envelopes

b) when Price Action touches or crosses the Lower Limit of the Envelope 128 Time Units (here 1 mn then 2 H) it generates a Bottom noted B2 because Price Action has successively crossed 2 Envelopes

c) the Line Linking the Bottom B3 and the first Bottom B2 then generates an Ascending Valid Trend Line of degree 2

d) as long as Price Action is ABOVE this Ascending VTL - Trend is UP

e) when Price Action breaks significatively on the downside the Ascending VTL, this generates an "Action Signal" , then it is time to open a Short Position
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD ASCENDING VTL + ACTION SIGNAL 20 AOUT 2018.png Size: 275 KB
  • #1,351
  • Aug 22, 2018 8:02am Aug 22, 2018 8:02am
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 11 SUPPORT & RESISTANCE 20 AOUT 2018.png Size: 226 KB
  • #1,352
  • Aug 22, 2018 8:03am Aug 22, 2018 8:03am
GBPNZD 5 Days / 5 minutes
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 55 20 AOUT 2018.png Size: 288 KB
  • #1,353
  • Aug 22, 2018 8:04am Aug 22, 2018 8:04am
GBP NZD 1 Month / 30 minutes

several Valid Trend Lines of different degrees - Ascending and Descending -

all VTL's have not been drawn in order not to clutter the chart
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 1 MONTH 20 AOUT 2018.png Size: 326 KB
  • #1,354
  • Aug 22, 2018 8:06am Aug 22, 2018 8:06am
{quote} Thanks following with great interest, seems to have very sound logic

that is the interest of Hurst system

- simplicity and logic on all time frames

when you add Gann Octave to calculate the relevant depth / amplitude of the Envelopes you "know" where you are in the potential trend, and where you can go (statistically)

then you can calculate your potential Risk Reward and decide if you enter or not

moreover you have 3 possibilities to position your stop loss

- slightly under (or over) the break of the trend line
- at the level of the last low or top of the Envelope you trade
- at your entry level plus or minus the parameter of the Envelope (1/2 amplitude)

other factor to take into account : the Underlying Trend
  • #1,355
  • Aug 22, 2018 10:39am Aug 22, 2018 10:39am
Quoting parisboy
GBP NZD 1 Month / 30 minutes several Valid Trend Lines of different degrees - Ascending and Descending - all VTL's have not been drawn in order not to clutter the chart {image}
Thanks for all your prodding, hints and guidance, but just want to put a very simple idea I have had to bed before I make the change to Envelope Trading, I have become very interested in the longer team trades, min Daily charts but still taking even Wkly and Monthly into consideration
  • #1,356
  • Edited 2:03pm Aug 22, 2018 12:47pm | Edited 2:03pm
Quoting OAPDave
{quote} Thanks for all your prodding, hints and guidance, but just want to put a very simple idea I have had to bed before I make the change to Envelope Trading, I have become very interested in the longer team trades, min Daily charts but still taking even Wkly and Monthly into consideration
no problem Dave

let me know what financial support you are trading

my best advice : open a demo account and practice daily paper trading on 1 and 5 mn

therefore you will see everyday the same patterns, you will have to answer the same question

when to enter
when to exit
where to place your Stop Loss

you will build Valid Trend Lines
you will check Trends and the Underlying Trends

this way you will gain 100 % confidence in the methodology, in the tools and observe the limits inherent to the methodology which is a key for success
  • #1,357
  • Aug 22, 2018 1:34pm Aug 22, 2018 1:34pm
3 Valid Trend Lines (VTL)
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 1 YEAR 19 AOUT 2018.png Size: 254 KB
  • #1,358
  • Aug 22, 2018 1:35pm Aug 22, 2018 1:35pm
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD 1 YEAR CYCLES 19 AOUT 2018.png Size: 186 KB
  • #1,359
  • Aug 22, 2018 2:22pm Aug 22, 2018 2:22pm
Quoting feast
Good day Parisboy, I admire your confidence in charts you send to SF thread and I'm very interested Coming here and going through 10 pages I still do not get your approach How do I get the indicators How do I trade it Pls help as I don't know if I should continue with the pages I will appreciate your help

feast what is the financial support you trade the most ?
  • #1,360
  • Aug 22, 2018 5:40pm Aug 22, 2018 5:40pm
Quoting parisboy
{quote} no problem Dave let me know what financial support you are trading my best advice : open a demo account and practice daily paper trading on 1 and 5 mn therefore you will see everyday the same patterns, you will have to answer the same question when to enter when to exit where to place your Stop Loss you will build Valid Trend Lines you will check Trends and the Underlying Trends this way you will gain 100 % confidence in the methodology, in the tools and observe the limits inherent to the methodology which is a key for success
Think that looks ok ? I just need to add the VTL correctly
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDSBM1.png Size: 111 KB
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