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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

  • #4,781
  • Feb 25, 2021 5:14am Feb 25, 2021 5:14am
I was watching Bob Ross (painter) last night, he as is own style of painting and it reminded me of my charts
1 He painted his canvas with his main colour
2 He added his 2nd colour
3 He then started to slowly add the finer detail, with finer brushes and other colours
Attached Image (click to enlarge)
Click to Enlarge Name: ^BTCUSD_Barchart_Interactive_Chart_02_25_2021.png Size: 157 KB
  • #4,782
  • Feb 25, 2021 5:17am Feb 25, 2021 5:17am
Attached Image (click to enlarge)
Click to Enlarge Name: ^BTCUSD_Barchart_Interactive_Chart_02_25_2021.png Size: 98 KB
  • #4,783
  • Feb 25, 2021 5:21am Feb 25, 2021 5:21am
Attached Image (click to enlarge)
Click to Enlarge Name: ^BTCUSD_Barchart_Interactive_Chart_02_25_2021.png Size: 89 KB
  • #4,784
  • Feb 25, 2021 11:10am Feb 25, 2021 11:10am
BITCOIN 1 mn

Closed Short position + 478 points
Attached Image (click to enlarge)
Click to Enlarge Name: BITCOIN SHORT 25 FEVRIER 2021.jpg Size: 176 KB
  • #4,785
  • Edited 1:02pm Feb 25, 2021 12:29pm | Edited 1:02pm
The canvas just add the finer detail ?
Attached Image (click to enlarge)
Click to Enlarge Name: ^BTCUSD_Barchart_Interactive_Chart_02_25_2021.png Size: 122 KB
  • #4,786
  • Feb 25, 2021 1:24pm Feb 25, 2021 1:24pm
BITCOIN 1 mn

Closed Short position + 1148 points
Attached Image (click to enlarge)
Click to Enlarge Name: BITCOIN SHORT 2 25 FEVRIER 2021.jpg Size: 157 KB
  • #4,787
  • Feb 25, 2021 1:42pm Feb 25, 2021 1:42pm
Quoting parisboy
BITCOIN 1 mn Closed Short position + 1148 points {image}
Just for curiosity @Alain was wondering why you are trading this instrument nowadays.
Is BITCOIN easier to trade than FX?
  • #4,788
  • Feb 26, 2021 12:25am Feb 26, 2021 12:25am
BITCOIN 1 mn

Closed Short position + 595 points
Attached Image (click to enlarge)
Click to Enlarge Name: BITCOIN SHORT 5 25 FEVRIER 2021.jpg Size: 167 KB
  • #4,789
  • Feb 26, 2021 12:27am Feb 26, 2021 12:27am
BITCOIN 1 mn

Closed Long position + 567 points
Attached Image (click to enlarge)
Click to Enlarge Name: BITCOIN LONG 26 FEVRIER 2021.jpg Size: 177 KB
  • #4,790
  • Feb 26, 2021 12:28am Feb 26, 2021 12:28am
BITCOIN 1 mn

Closed Long position +168 points
Attached Image (click to enlarge)
Click to Enlarge Name: BITCOIN LONG 2 26 FEVRIER 2021.jpg Size: 178 KB
  • #4,791
  • Feb 26, 2021 12:36am Feb 26, 2021 12:36am
Quoting Merka
{quote} Just for curiosity @Alain was wondering why you are trading this instrument nowadays. Is BITCOIN easier to trade than FX?
because Merka at the time :

The Envelope 256 Time Units amplitude was 2.000 points

The Envelope 128 Time Units amplitude was 1.000 points

The Envelope 32 Time Units volatility was 500 points

Draw your own conclusions
  • #4,792
  • Feb 26, 2021 1:01am Feb 26, 2021 1:01am
Good morning @Alain
Thanks for your valuable time and effort.
I have a question related to EURUSD yesterday evening sharp fall.
I was dummy and on the wrong side of the move.
With envelopes and/or Tillman methodology was possible:
1) predict that bearish move?
2) if was not possible, was possible at least to stay away from buying?

I'm on the phone now and can't upload any charts. When at home I will upload my envelope.

Sorry for these basic basic questions
  • #4,793
  • Edited 10:55am Feb 26, 2021 10:30am | Edited 10:55am
Quoting Merka
Good morning @Alain Thanks for your valuable time and effort. I have a question related to EURUSD yesterday evening sharp fall. I was dummy and on the wrong side of the move. With envelopes and/or Tillman methodology was possible: 1) predict that bearish move? 2) if was not possible, was possible at least to stay away from buying? I'm on the phone now and can't upload any charts. When at home I will upload my envelope. Sorry for these basic basic questions
Here my envelopes
From yesterday PA location a sell was more probable than long so my long was really a dummy trade.
Any comments on this chart or better analysises are welcome.
Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: 9ca75fb8909e5ffaeeb87a6526f4fdfe.png Size: 344 KB
  • #4,794
  • Feb 26, 2021 11:53am Feb 26, 2021 11:53am
Quoting Merka
{quote} Here my envelopes From yesterday PA location a sell was more probable than long so my long was really a dummy trade. Any comments on this chart or better analysises are welcome. Thanks {image}
Merka
Very impressive
  • #4,795
  • Feb 26, 2021 12:05pm Feb 26, 2021 12:05pm
Quoting OAPDave
{quote} Merka Very impressive
Unfortunately when live I was on the wrong side.
This is more an after analysis
  • #4,796
  • Feb 26, 2021 12:19pm Feb 26, 2021 12:19pm
Quoting Merka
{quote} Here my envelopes From yesterday PA location a sell was more probable than long so my long was really a dummy trade. Any comments on this chart or better analysises are welcome. Thanks {image}
Step 1
Attached Image (click to enlarge)
Click to Enlarge Name: MERKA 4 LOWS ENVELOPE 32.jpg Size: 99 KB
  • #4,797
  • Feb 26, 2021 12:25pm Feb 26, 2021 12:25pm
Quoting Merka
{quote} Unfortunately when live I was on the wrong side. This is more an after analysis
Step 2
Attached Image (click to enlarge)
Click to Enlarge Name: MERKA ASCENDING VTL 1.jpg Size: 105 KB
  • #4,798
  • Feb 26, 2021 12:36pm Feb 26, 2021 12:36pm
Quoting Merka
{quote} Here my envelopes From yesterday PA location a sell was more probable than long so my long was really a dummy trade. Any comments on this chart or better analysises are welcome. Thanks {image}
Step 3
Attached Image (click to enlarge)
Click to Enlarge Name: MERKA UNDER VTL 1 PRICE ACTION IS IN BEARISH TERRITORY.jpg Size: 102 KB
  • #4,799
  • Feb 26, 2021 12:44pm Feb 26, 2021 12:44pm
Quoting parisboy
{quote} Step 3 {image}
Do you target the middle band (or lower) of env256?
for SL placement I guess you use PA high or just above env256. correct?
  • #4,800
  • Feb 26, 2021 12:48pm Feb 26, 2021 12:48pm
Quoting Merka
{quote} Here my envelopes From yesterday PA location a sell was more probable than long so my long was really a dummy trade. Any comments on this chart or better analysises are welcome. Thanks {image}
Step 4
Attached Image (click to enlarge)
Click to Enlarge Name: MERKA UNDER VTL 2 PRICE ACTION IS IN BEARISH TERRITORY.jpg Size: 107 KB
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