Analysis and Trading based on Envelopes, Waves, Cycles

Quoting vqs

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Hi Sir, Was unable to visually identify a cycle with envelopes (1MIN), saw that the merging CMA could act as potential resistance while also seeing a crossing of FLD (5MIN). Decided to take a position and it worked out. But I would hope if you could tell me if such "confluence" per the images attached could justify taking the short. {image}{image} Regards VQ.

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Quoting parisboy

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{quote} vqs Yes it would justify to take a short position IF the Amplitude of the forecasted Swing allows it. Never forget that ALL charts have the same "look and feel" - they fulfill your screen - and that you enter "late" - after confirmation- hence if you want to catch a serious part of the (bearish) swing you need to have a decent estimated RR

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Quoting vqs

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Hi Sir, Re: FLDs, if for example there's a observed cycle with the Envelopes 128 TU, does it directly translate to the FLD 128 that could be in play, i.e if following the underlying trend (up) of the 128 TU and going long on a break of FLD 128 to the upside? Regards VQ.

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Quoting parisboy

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BITCOIN 1 mn Closed Long position + 1.760 points in 15 minutes {image}

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Quoting OAPDave

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{quote} Yet another series of top class precision trades, I can only sit back and look on in awe You go were most men fear to tread

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