Analysis and Trading based on Envelopes, Waves, Cycles | Page 106 | 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

  • #2,101
  • Jul 3, 2019 10:15am Jul 3, 2019 10:15am
New update , I will call it a day now
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  • #2,102
  • Jul 3, 2019 12:23pm Jul 3, 2019 12:23pm
GBPNZD
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H1

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D1
  • #2,103
  • Jul 4, 2019 5:26am Jul 4, 2019 5:26am
DAX 1 Day / 1 minute

Presnetly Volatility = Amplitude of the Envelope is Low
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  • #2,104
  • Jul 4, 2019 5:37am Jul 4, 2019 5:37am
EURUSD 5 Days / 5 Minutes

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  • #2,105
  • Jul 4, 2019 6:28am Jul 4, 2019 6:28am
Quoting parisboy
EURUSD 5 Days / 5 Minutes {image}
USA Holiday ?
Dave
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  • #2,106
  • Jul 4, 2019 8:52am Jul 4, 2019 8:52am
Hi Dave,

Thank you for sharing your charts & envelope setups. Taking some time away from my trading method & envelopes. Will crank up again next week & start to dig into what you & Parisboy have so kindly shared. Did our friend T.E. ever offer live data with MurreyMath, or was only EOD offered? Did you ever attend his classroom training, or know anyone who did? I would like to have a sit down chat with Ole Murrey, but don't think he is the kind to spend much time chatting. His recall of numbers are nothing short of amazing when watching his videos, but of course he could be reading notes from a teleprompter. Another thing I find amazing is Parisboys level of knowledge when it comes trading, Hurst & Gann. All new traders would be wise to follow this thread & forget the allure of all the flashing light indicators that litter this & other forums. Not against the use of indicators, but they are NOT THE HOLY GRAIL. None of them. I have two custom made ones that I use as a guide only. One involves Ole Murrey & his method & the other I want say. All in all the envelopes are all that's needed. Parisboy's continued effort to share the envelope way is falling on deaf ears at several threads, but I admire his efforts to share anyway. Ok enough of my views. That's all they are. Thank you again for you kindness.
  • #2,107
  • Jul 4, 2019 9:16am Jul 4, 2019 9:16am
Quoting acetrader
Quoting acetrader
Hi Dave, Thank you for sharing your charts & envelope setups. Taking some time away from my trading method & envelopes. Will crank up again next week & start to dig into what you & Parisboy have so kindly shared. Did our friend T.E. ever offer live data with MurreyMath, or was only EOD offered? Did you ever attend his classroom training, or know anyone who did? I would like to have a sit down chat with Ole Murrey, but don't think he is the kind to spend much time chatting. His recall of numbers are nothing short of amazing when watching his videos, but of course he could be reading notes from a teleprompter. Another thing I find amazing is Parisboys level of knowledge when it comes trading, Hurst & Gann. All new traders would be wise to follow this thread & forget the allure of all the flashing light indicators that litter this & other forums. Not against the use of indicators, but they are NOT THE HOLY GRAIL. None of them. I have two custom made ones that I use as a guide only. One involves Ole Murrey & his method & the other I want say. All in all the envelopes are all that's needed. Parisboy's continued effort to share the envelope way is falling on deaf ears at several threads, but I admire his efforts to share anyway. Ok enough of my views. That's all they are. Thank you again for you kindness.
..
Hi Ace thanks for your kind words.

a) I could say 40.000 hours + readings and screeen studies and analysis since 1972 !

Fact is I use Murrey and Gann since 1998 and Hurst and Cycles since 2006. This explain that plus synthesis, sytematization and some synergetic personal toughts

b) To have more interested readers , may be I should have sold 5.000 $ courses with a non-disclosure clause and / or seminars at 30.000 $ !
  • #2,108
  • Jul 4, 2019 9:40am Jul 4, 2019 9:40am
Hi Parisboy, Your most welcome. Those 5K courses seem to be most popular everywhere. Always heard those that can trade do trade & those that can't sell 5K courses.
Your approach with the envelopes is one of the best I've seen over the years. Your study & hard work has paid off. Best of trades to you my friend.
  • #2,109
  • Jul 4, 2019 10:07am Jul 4, 2019 10:07am
Quoting acetrader
Hi Parisboy, Your most welcome. Those 5K courses seem to be most popular everywhere. Always heard those that can trade do trade & those that can't sell 5K courses. Your approach with the envelopes is one of the best I've seen over the years. Your study & hard work has paid off. Best of trades to you my friend.
Food for Thoughts
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  • #2,110
  • Jul 4, 2019 11:07pm Jul 4, 2019 11:07pm
A subjective question for the learned.

How important is Goodman's swing count theory in comparison to Hurst & Gann? Are any of his ideas an improvement on Elliott? It seems to me that a 3 swing count suffers from the same indeterminacy of a 5 count. It is still a chicken-and-egg type problem where deciding where to start the 'beginning point' can lead to entirely different forecasts. However I am new to Goodman; maybe someone here can educate me.
  • #2,111
  • Edited 2:51am Jul 5, 2019 2:33am | Edited 2:51am
nd
Quoting clemmo17
A subjective question for the learned. How important is Goodman's swing count theory in comparison to Hurst & Gann? Are any of his ideas an improvement on Elliott? It seems to me that a 3 swing count suffers from the same indeterminacy of a 5 count. It is still a chicken-and-egg type problem where deciding where to start the 'beginning point' can lead to entirely different forecasts. However I am new to Goodman; maybe someone here can educate me.

Hi Clemmo17

IMHO Goodman's Swing Count is an interesting simplification of the Waves concept.

Are useful :

The Propagation concept (expansion, big Waves are made of little Waves)
THe 3 C"s : Compensation, Carry Over, Cancellation which manage variations in Amplitude and Time of Waves and Cycles

Anyway Duane Archer has overcomplexified "Goodman Theory" for vrious reasons.

Moreover the theory does not explain the Directional Changes.

Anyway these tools are good tactical tools to read and analyze Swings, and many set-ups. They are complementary of Gann and Hurst but IMHO not decisive
  • #2,112
  • Jul 5, 2019 5:45am Jul 5, 2019 5:45am
DAX closed Short position + 21 points

PS Heikin Ashi representation of price Action IS also a Filter
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  • #2,113
  • Jul 5, 2019 9:45am Jul 5, 2019 9:45am
Gold price is not respecting my 7.5 day cycles. Maybe I should blame Fed meddling and NFP frenzy.
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However it moved too far and too fast and needed to return to around 1400 to remain in the track of the 14/26 week cycle.
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  • #2,114
  • Jul 5, 2019 1:53pm Jul 5, 2019 1:53pm
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  • #2,115
  • Jul 5, 2019 8:22pm Jul 5, 2019 8:22pm
hello parisboy,
what do you think of Harmonic Elliott waves?

best regards.

Quoting parisboy
nd{quote} Hi Clemmo17 IMHO Goodman's Swing Count is an interesting simplification of the Waves concept. Are useful : The Propagation concept (expansion, big Waves are made of little Waves) THe 3 C"s : Compensation, Carry Over, Cancellation which manage variations in Amplitude and Time of Waves and Cycles Anyway Duane Archer has overcomplexified "Goodman Theory" for vrious reasons. Moreover the theory does not explain the Directional Changes. Anyway these tools are good tactical tools to read and analyze Swings, and many set-ups. They are complementary...
  • #2,116
  • Jul 6, 2019 8:10am Jul 6, 2019 8:10am
Hi Sixer, I've notice you post Delta related charts. Is it possible to manually setup the STD Turning Points on MT4 charts? I have the Delta books & from that it appears one could setup the turning points manually, but not sure a good starting point & how to compensate for the inversion points. I realize if the setup is manually it would require periodic updating. Any views, suggestions & comments would be most appreciated.
  • #2,117
  • Jul 6, 2019 8:37am Jul 6, 2019 8:37am
Quoting guandi
hello parisboy, what do you think of Harmonic Elliott waves? best regards. {quote}
you can read this quandi
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  • #2,118
  • Jul 7, 2019 8:04pm Jul 7, 2019 8:04pm
hello Parisboy,

many thanks. i was hoping you can give your inputs to Harmonic Elliott Waves.

Quoting parisboy
{quote} you can read this quandi {image}
  • #2,119
  • Edited 4:41am Jul 8, 2019 4:06am | Edited 4:41am
Quoting guandi
hello Parisboy, many thanks. i was hoping you can give your inputs to Harmonic Elliott Waves. {quote}
Hi guandi, I can not give you my inputs on "Harmonic" Elliott Waves because I have not read the book, only what is free on the net.

But IMHO the basics are flawed , because "Elliott Waves" do not work. Hence all varieties of "Elliott Waves " do not work.

I discovered Elliott Waves in 1972. For everybody, me included, Elliott Waves is the pattern 12345ABC..

This pattern , or set-up exists in Price Action.

Unfortunately , enough to be interesting, but not enough to represent the whole Price Action and being manageable for analysis and trading.

At his time Elliott underlined something new big Waves are made of little Waves. OK it is "fractalization" or autosimilarity. Excellent. Unfortunately an Elliott Pattern 12345ABC is very very rarely made of 12345ABC patterns of inferior degree.

Proof is that 90 % of a book on Elliott Waves consists to try to explain exceptions and differences existing in real Price Action towards the "theory".

Moreover nobody was ever able to test Elliott results and how he reached his conclusions.
Moreover most "ellioticians" flee statistics on Waves.

IMHO it is not the same to say the "wave 3 is the longest of the Waves 12345" than to write in 67 % of the cases "Wave 3 " is the longest"

Anyway Elliott Waves does not work as system because 12345ABC pattern does not represent the majority of Waves pattern inside Price Action
  • #2,120
  • Jul 8, 2019 4:36am Jul 8, 2019 4:36am
Quoting guandi
hello Parisboy, many thanks. i was hoping you can give your inputs to Harmonic Elliott Waves. {quote}
Moreover Elliott Waves system is flawed from the beginning since Elliott never define really what is a "Wave" though he classified them in Impulsive and Corrective Wave which is true.

Fact is there is no "impulsive" "Elliott" Wave alone - a Wave going Up has to go Down afterwards, after some Time, when the energy of the impulsion is dissipated.

Hence no "Wave" goes alone, they had to go by two.

Cycles guys made the same error. They see one Cycle ( 2 false "Waves" : 1 Swing UP , 1 Swing DOWN) which is false. There is no "Cycle" alone. That is the repetition which makes the "Cycle" similarity in period (Time) ,plus similarity in Amplitude (Price)
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