Analysis and Trading based on Envelopes, Waves, Cycles
- #2,886
- Edited 2:33pm Mar 1, 2020 2:04pm | Edited 2:33pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Uploaded on the Jenkins Thread
- #2,887
- Edited 6:02pm Mar 1, 2020 4:02pm | Edited 6:02pm
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,890
- Mar 2, 2020 12:53am Mar 2, 2020 12:53am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,891
- Edited 1:48am Mar 2, 2020 1:20am | Edited 1:48am
- Joined Jan 2012 | Status: Trader | 558 Posts
Hello,
Note that when price cross FLD 256 two times, the area zone became a support: coincidence? or support already exist in prices alone?
zoom 15 mn : the same zones appear at 15 mn
zoom 5 mn target? : buy at cross 1597, TP around 1645 zone ? or price will come back to 1597 and will create a resistance zone for a sell?
green pips
Note that when price cross FLD 256 two times, the area zone became a support: coincidence? or support already exist in prices alone?
zoom 15 mn : the same zones appear at 15 mn
zoom 5 mn target? : buy at cross 1597, TP around 1645 zone ? or price will come back to 1597 and will create a resistance zone for a sell?
green pips
Bottomless wonders spring from simple rules, which are repeated without end
- #2,893
- Mar 2, 2020 1:31am Mar 2, 2020 1:31am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
- #2,896
- Edited 2:34am Mar 2, 2020 1:45am | Edited 2:34am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
{quote} could you share your thoughts on these? Yes this is the best thread I have ever encountered. Only learning and green pips!
Here are my honest thoughts, don't take offence pls.
1. A very good start in the right direction.
2. Dave have 3 FLD charts, have you questioned why ? I am not saying it's wrong, not saying that. Just why 3 FLDs charts ?
3. At the start when you practice this you fall back to other methods for precision. Like fib retracement, JSA, envelope and so on. Ask this question how you can do without all the rest of the methods, just rely on FLD alone for everything you need including precision. Get rid of the rest at some point in the future.
4. Rely less on other tools as you improve.
I am painting a picture the potential how far wide scope FLD can be. It's very early days now for you guys, take one step at a time, as you keep practising this method you grow in the WHY about FLD. That's what you want to achieve, Grow in your knowledge of the WHY FLD works. Then only you move towards precision based on your deep understanding of the WHY that's when you know how to proceed forward. So WHY is the most important at this starting stage. Keep asking WHY always in your journey.
Comments about the charts posted - try to reduce the optical illusion that's a strain on the eye. Be aware of it's presence then think how, it's math.
When you realise your requirement then only you will see the current shortcomings.
Eventually you have to work with this "messy" chart when you gain competence, you will know when you get there.
Know what you trade
- #2,898
- Edited 2:30am Mar 2, 2020 2:10am | Edited 2:30am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
This is a Cycle Composite Model - Theoretical -
You find 3 Cycles - Red, Lila ,Yellow - note they have the same amplitude
Composite Cycle is in black = Sum of above 3 Cycles
FLD of the Composite Cycle is in blue
In this Model - Price Action is in Range.
You observe that you structurally have 8 Price Action / FLD crossing and that only 4 are tradable
In the real life Dominant Cycles within Price Action have never the same amplitude, Up or Down Underlying trends distort the Chart
You can observe on the Chart that between B and C and G and H Price and its composite FLD are more or less parallel, hence not tradable.
This answers partially the WHY question about the FLD.
You find 3 Cycles - Red, Lila ,Yellow - note they have the same amplitude
Composite Cycle is in black = Sum of above 3 Cycles
FLD of the Composite Cycle is in blue
In this Model - Price Action is in Range.
You observe that you structurally have 8 Price Action / FLD crossing and that only 4 are tradable
In the real life Dominant Cycles within Price Action have never the same amplitude, Up or Down Underlying trends distort the Chart
You can observe on the Chart that between B and C and G and H Price and its composite FLD are more or less parallel, hence not tradable.
This answers partially the WHY question about the FLD.
- #2,899
- Mar 2, 2020 2:18am Mar 2, 2020 2:18am
- Joined Jan 2020 | Status: Membership revoke | 2,332 Posts
Know what you trade
