Analysis and Trading based on Envelopes, Waves, Cycles

follow up...as you can see Cad fell back to big round number, penetrated, retested and more south coming, especially as Oil is up nicely....but getting late in friday session so one has to look at risk and so on...anyway picked up some nice pips...

USDCAD 1 mn

USDCAD 5 mn

Something that may help "seeing valid trades" is declutter your charts and only focus on oversold/overbought areas. Symbol changer profit display indicator is an indicator that does not work on a 5 minute envelope chart because each currency has a different setting.. all it will do is confuse you when you toggle to another chart because all settings will be the same....and that does not work.

How does clutter affect our minds? Clutter bombards our minds with excessive stimuli (visual, olfactory, tactile), causing our senses to work overtime on stimuli that aren't necessary or important. Clutter distracts us by drawing our attention away from what our focus should be on. Clutter makes it more difficult to relax, both physically and mentally.

Swede
Simple but very relevant post
If I do find I am in danger of cluttering my charts, I make a number of simple templates
or as I like to call them
The Sum of the Parts

[quote=Swede;13460790]{quote} Something that may help "seeing valid trades" is declutter your charts and only focus on oversold/overbought areas. Symbol changer profit display indicator is an indicator that does not work on a 5 minute envelope chart because each currency has a different setting.. all it will do is confuse you when you toggle to another chart because all settings will be the same....and that does not work. How does clutter affect our minds? Clutter bombards our minds with excessive stimuli (visual, olfactory, tactile), causing our senses to work overtime on stimuli that aren't necessary or important. Clutter distracts us by drawing our attention away from what our focus should be on. Clutter makes it more difficult to relax, both physically and mentally.[/quote

the button thing came part of the template and cant remove it unless i make new template the buttons do nothing not had time between work and reading to make new one but will take your advice i understand about the envelopes but other than friday where i looked at eurusd ive traded one thing one time frame as you sudjested with very good results

i got a knoob slap at the start of the week with a spread grab and heavy swap charge other than that with vtls and tollerence giving me a mechanical(dugless said to make stratergy mechanical) fixing point to draw fibs of which i can get confluence from if i so desire i do also like to keep a clean chart to the right to follow what you say clean chart being one with just the envelopes and everything else

hear is the first week of vtls with fibs and what i feel is cylinder theory
next week hopefully i look at fold and incorporate that on a separate chart just to the right of the envelope chart

below are results on demmo of my progress of practicing and following advice of baby steps
babey step advice was
- trade one instrument
- trade one time frame
- focusing on getting one part of the as dave would call it a very comprehensive robust method ( which it is - other than me being a spaz - the results are very good

all trades taken apart from like 4 on the eur the rest of the trades are all gbpusd executed on a m5 chart all based around vtl and cylinder theory and the theory parisboy shared the name slips my memory now belive the simple pdf is actually on page 1 of this thread

thankfull to all you men who provide amazing tools and amazing instructions and sound advice - also thankful for the occasional spoon feeding which is throwed on but du to my academic level it actually helps me.... where as being spoon fed for others perhaps produce lazyness which i can kind of understand why its sort of throwned upon a little i guess

regardless seeing such consistent good results

- builds my confidence as stated it would
- also like throwing petrol of a flame for a thirst to aquire more knowledge around the comprehensive method

makes me understand just how smart you group of men really are and your proberly alot alot alot smarter than that also

regardless ever thankful there a people like you 4 in the world

thanks boss have great weekend

Alain
I always find Sentient Trader a good watch. perhaps a little over my head sometimes but I remember quite a while back you had a little involvement in it or indeed appeared on one of the videos, so can I ask
Meaning that we debated many times the way Murrey started his so called cycles, how does or did Sentient find the original start date for its cycles ?
Do you have a live version of Sentient Trader and does it play in anyway a part of your trading ?
You play at the very sharp end of trading, so showing us your style and setting have you tweaked it, in a way, us mere mortals can make a basic use of it, and the ideas presented, dare I say with out actually purchasing it

ps
The use of, for example the 5hr and various other short term timeframes cycles caught my attention, its just perfecting the art of finding them that's the problem

Thanks as always
Dave

the button thing came part of the template and cant remove it unless i make new template the buttons do nothing not had time between work and reading to make new one but will take your advice i understand about the envelopes...quote

Go to templates and remove the one that somehow integrated the buttons....I will post another later today When I’m on my pc.

try this RT

thankyou for doing that you did not have too i would of got round to it

..... eventually

whising you the best weekend sweede pleased to see you hear

]Alain I always find Sentient Trader a good watch. perhaps a little over my head sometimes

it is a good watch. But you cannot use it superficially, or you will go nowhere. Hence you need to invest time and effort to use it profitably.

Before using it or at least in parallel you need to understand and master the Hurst principles and tools.

the help file included gives you a good summary of Hurst principles and tools

but I remember quite a while back you had a little involvement in it or indeed appeared on one of the videos

Dave You are correct. I was beta trader for "The Hurst Trader" software which was the first version of Sentient Trader. As a beta trader we had a specific forum. My posts counted for 15% of all forum posts. Anyway very quickly beta traders posting was anemic.

As for the video David Hickson, the conceptor of Sentient trader, wanted to implement my Envelopes system within Sentient trader. Hence David asked me if I was ok to participate to a webinar on the subject of Envelopes, Centered Moving Averages , Gann Octaves etc

Do you have a live version of Sentient Trader and does it play in anyway a part of your trading ?

I have a live version of Sentient Trader End Of Day + Intraday. I use it mainly for my portfolio research and analysis not for my trading

Roughly speaking to me he seems to have arrived at the same thoughts as
The Peter Eliades video ?