GBPUSD 60 mn Tillman Forks and Focal Points follow up {image}
I dont use Tillman but fibonacci channel.
Any recommendation? comments?
Bottomless wonders spring from simple rules, which are repeated without end
Analysis and Trading based on Envelopes, Waves, Cycles
- #4,062
- Edited 5:36am Aug 26, 2020 5:01am | Edited 5:36am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Hello, I dont use Tillman but fibonacci channel. Any recommendation? comments? {image}
The Core of Tillman Demonstration is to show that this way (within the Tillman "Fork" - my labeling not his) - Price Action Sinewave fluctuates within the boundaries of the Fork
Tillman did not use the division by 8 of the Amplitude of the Fork - I do - you use Fibonacci - why not.
Moreover I have developed and formalized the concept of linking Focal Points of the same nature, degree, order : linking Focal points showing the Crossing of the SAME Centered Moving Averages
Do your homework : READ, STUDY & PRACTICE TILLMAN
- #4,063
- Edited 5:35am Aug 26, 2020 5:14am | Edited 5:35am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Well your question implicitly demonstrates that you focus on details and secondary problematics.
Well, I didn't expect that for an answer.
My question was only whether you had developed or formalized a brillant similar concept with Fibonnacci channel?
Thats all. I suppose that the answer is no.
Good afternoon.
Bottomless wonders spring from simple rules, which are repeated without end
- #4,066
- Aug 26, 2020 2:38pm Aug 26, 2020 2:38pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Well, I didn't expect that for an answer.
otherwise I use the Gann Octave not the Fibonacci numbers
the real interest of the Fibonacci serie is the various relationships which are universal whatever the numbers you use for applying the "Fibonacci" serie
- #4,067
- Aug 26, 2020 2:47pm Aug 26, 2020 2:47pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Well, I didn't expect that for an answer.
if you search the thread for "Fibonacci Channel " you have 3 answers for "Fibonacci Channels" - zero answer
if you search parisboy's messages with "Fibonacci" you get 3 pages
- #4,068
- Edited 5:51pm Aug 26, 2020 3:00pm | Edited 5:51pm
- Joined Jan 2012 | Status: Trader | 558 Posts
{quote} Price Action tends always to Return to its mean - then to its Trend - here the Centered Moving Averages 256 and 128 Time Units which are parallel and trending Up with a 15° Angle {image}
Fill the gap then up as i said. More than 250 points now. SL on 200 points. Waiting for reverse. Soon or later...
Bottomless wonders spring from simple rules, which are repeated without end
- #4,073
- Edited 6:24am Aug 28, 2020 6:11am | Edited 6:24am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #4,076
- Edited 7:42am Aug 28, 2020 6:55am | Edited 7:42am
- Joined Jan 2015 | Status: Trader | 5,146 Posts
- #4,077
- Edited 9:22am Aug 28, 2020 8:19am | Edited 9:22am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} Thanks My interest as moved away from FX to actual Shares so my current platform and broker will not suffice anymore, Been doing a little research, who and what platform and what data is supplied without paying a fortune, other than Tradeview and judging by the repeated How to set the Envelopes up questions, of which you have answered many times they do not seem any others available My though pattern being is that actual price and charts are freely available and an amazing amount of detailed share data, but our custom indicators cannot be...
the "doit yourself method" is IMHO the best methodology to LEARN and UNDERSTAND the tools, here the Envelopes Triad Method.
By doing it yourself (building the Envelopes and calculating the Amplitudes (octaves) you assimilate a good grasp of the methodology, its pros and its limits.
I knew first WHY I wanted to apply this methodology. Then I found TradingView I do not remember how. I kept TradingView because I could build the Envelopes without investing too much time and effort.
I do not remember how exactly I have done it. And I do not pretend it was and it is the best way to do it within TradingView . Hence I discovered other useful tools - for example the trend Angle
Similarly I do not pretend TradingView is the best solution. I was just too stupid to be able to use other solutions which do not signify it is not possible to use them to build Envelopes etc
- #4,079
- Edited 3:44pm Aug 28, 2020 3:29pm | Edited 3:44pm
- Joined Oct 2017 | Status: Trader | 12,472 Posts
Just searching ? 1st Grids then add other things ? {image} {image}
With the Fibonacci serie up to 25 for those of you who love Fibonacci
Grid 0-25
0ctave = 25 / 8 = 3.125
- #4,080
- Aug 28, 2020 3:44pm Aug 28, 2020 3:44pm
- Joined Jan 2015 | Status: Trader | 5,146 Posts
{quote} GMR 1 YEAR With the Fibonacci serie up to 25 for those of you who love Fibonacci