Attachments: Analysis and Trading based on Envelopes, Waves, Cycles

Analysis and Trading based on Envelopes, Waves, Cycles

#5,001
Mar 24, 2021 8:03am Mar 24, 2021 8:03am

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

BITCOIN 5 mn

Envelopes

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#5,002
Edited 9:11am Mar 24, 2021 8:06am | Edited 9:11am

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

Quoting Swede

Disliked

{quote} Parisboy, I think you misunderstood my post. First of all, thank you for posting all the perimeters to build envelopes, that was a lot to post just to show my settings are not correct in your view. But here is the thing that I would like you to consider, I am dealing with mt4 and the PBchannel.v1 indicator and how to set it...not how to build it. Sohocool is a great coder, and his indicator has all of the perimeters build into it to build the envelopes, with one exception, it needs to be set according to the individuality of each currency...

Ignored

Swede your settings are not "incorrect". I will elaborate on this point later and explain why and what is a "correct" setting more specifically what is a correct Envelope (according to Hurst)

#5,003
Mar 24, 2021 8:14am Mar 24, 2021 8:14am

Swede
Joined Mar 2009 | Status: Trader | 2,571 Posts

Quoting acetrader

Disliked

{quote} Hi Swede, I had the same issues with MT 4, but was finally able to make the MA's/Envelope look similar to Parisboy's. After much help from Parisboy & Dave I was able to work it out. Currently use one of Sohocool provided indicators, but unable to get that indicator to work on any of the none major pairs. I only trade the envelope method on 3 pairs as this is not my core method, but it has my interest. If you would like I will share with you the parameters I'm using. Away from my office at this time, but later today will post them if you...

Ignored

There is a lot more to trading successfully than a degree or two of difference in charts or chart patterns. Envelope based on center moving averages are great for spotting price stretch in either direction, but it still comes down to price action, reaction at the levels identified as potential turning points. My charts work fine but I need confluence before I pull the trigger on a trade, it may be VTL, big round numbers, pivot points, fib levels etc.

Anyway, I’m not here to cause trouble, just trying to tweak my mt4 charts a bit. Appreciate any input you might offer.

#5,004
Mar 24, 2021 8:52am Mar 24, 2021 8:52am

jeanmichel
| Joined Feb 2021 | Status: Trader | 62 Posts

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#5,005
Edited 9:53am Mar 24, 2021 9:24am | Edited 9:53am

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

About "correct" and "incorrect" Envelopes settings.

a) Hurst never used mutiples of 8 for the Time Factor . It is a personnal application drawn from Gann & Murrey writings and concepts

b) Hurst had no specific settings for his Envelopes . Hurst determined no real settings but recommended to use a band of paper to estimate the "correct" width of the successive Envelopes.

c) Let's say that the "correct" Envelope is the Envelope which generates a decent number of contact points (or close of) between the Envelopes boundaries and Price Action; hence it is an operative concept. It is why there is a "discretionary" part in the process. This explains why there is not ONE and ONE ONLY "correct setting for a specific Envelope

#5,006
Mar 24, 2021 9:34am Mar 24, 2021 9:34am

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

It is visually obvious that Swede's settings are more operative, efficient, in short "correct" as a different Envelope setting including the Lowest Low on the Lowest Envelope Boundary

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Name: SWEDE ENVELOPES SETTINGS.jpg
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#5,007
Edited 11:34am Mar 24, 2021 9:55am | Edited 11:34am

Swede
Joined Mar 2009 | Status: Trader | 2,571 Posts

Quoting parisboy

Disliked

About "correct" and "incorrect" Envelopes settings. a) Hurst never used mutiples of 8 for the Time Factor . It is a personnal application drawn from Gann & Murre writings and concepts b) Hurst had no specific settings for his Envelopes . Hurst determined no real settings but recommended to use a band of paper to estimate the "correct" width of te successive Envelopes. c) Let's say that the "correct" Envelope is the Envelope which generates a decent number of contact points (or close of) between the Envelopes boundaries and Price Action; hence it...

Ignored

Thank you greatly, much appreciated....that is how I view the charts...theonly way I was able to make sense to the envelopes is to scroll back hundreds of candles to "see" how price reacted at certain levels...and at an area like the chart attached was breached...I get interested in a correction.....

(when there are buds on the trees, know that spring is around the corner) with added confluence I may consider a short ....or a Yen cross perhaps that mirrors ....

Edit...hour later follow up second chart....was the envelope good, yes! Was the weekly pivot holding...Yes Was there need for a large stop loss...No.....so far only good for 20+ pips but sometimes that's all the market offers late in the NY session....

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Name: USDJPYiM5correction coming.png
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Name: USDJPYiM5 the reaction.png
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#5,008
Mar 24, 2021 11:30am Mar 24, 2021 11:30am

jeanmichel
| Joined Feb 2021 | Status: Trader | 62 Posts

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#5,009
Mar 24, 2021 11:38am Mar 24, 2021 11:38am

sandyzcool
| Joined Nov 2019 | Status: Trader | 10 Posts

Request a support

I am working with awesome Gann Sq-9 zigzag Indicator. This give very precise levels at each timeframe.

A support is required if somebody can help me to change it to MTF vesrion. Idea is to bring all levels to one chart and no need to scroll around different timeframe

i have attached the indicator mq4 file

support will be highly appreciable

Attached File(s)

gann-sq-9-indicator.mq4 27 KB | 316 downloads

#5,010
Mar 24, 2021 12:02pm Mar 24, 2021 12:02pm

Swede
Joined Mar 2009 | Status: Trader | 2,571 Posts

Quoting sandyzcool

Disliked

Request a support I am working with awesome Gann Sq-9 zigzag Indicator. This give very precise levels at each timeframe. A support is required if somebody can help me to change it to MTF vesrion. Idea is to bring all levels to one chart and no need to scroll around different timeframe i have attached the indicator mq4 file support will be highly appreciable{file}

Ignored

try Sohocool....go to paperclip and you will find his postings..

#5,011
Mar 24, 2021 1:29pm Mar 24, 2021 1:29pm

RoninTheory
Joined Apr 2020 | Status: learning to become butterfly | 741 Posts

Quoting sandyzcool

Disliked

Request a support I am working with awesome Gann Sq-9 zigzag Indicator. This give very precise levels at each timeframe. A support is required if somebody can help me to change it to MTF vesrion. Idea is to bring all levels to one chart and no need to scroll around different timeframe i have attached the indicator mq4 file support will be highly appreciable{file}

Ignored

you could also try your luck in i will code your indicators and experts for free thread also there is a thread i think for mtf indicators

#5,012
Mar 24, 2021 4:02pm Mar 24, 2021 4:02pm

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

BITCOIN 5 mn

Envelopes

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#5,013
Mar 24, 2021 4:12pm Mar 24, 2021 4:12pm

parisboy
Joined Oct 2017 | Status: Trader | 12,472 Posts

BITCOIN 1 mn

Tillman Forks

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#5,014
Mar 24, 2021 5:59pm Mar 24, 2021 5:59pm

acetrader
Joined Feb 2006 | Status: Trader | 2,228 Posts

Quoting Swede

Disliked

{quote} There is a lot more to trading successfully than a degree or two of difference in charts or chart patterns. Envelope based on center moving averages are great for spotting price stretch in either direction, but it still comes down to price action, reaction at the levels identified as potential turning points. My charts work fine but I need confluence before I pull the trigger on a trade, it may be VTL, big round numbers, pivot points, fib levels etc. Anyway, I’m not here to cause trouble, just trying to tweak my mt4 charts a bit. Appreciate...

Ignored

Swede,
I agree with your statement. There is more to trading than meets the eye. I am a stickler for details & that is why I kept striving to get the envelopes as Parisboy had posted. There is I difference with Tradingview & MT4 & 5 that causes the difference, but after much thought & reading Parisboys suggestions I gave up on perfection & here is what I have.

1. Envelope 32, Shift -16, MA Method - EMA, Applied to - Median Price (HL/2), Dev -0.12.
2. Envelope 128, Shift -16, MA Method - EMA, Applied to - Median Price (HL/2), Dev - 0.32.
3. Envelope 256, Shift - 16, MA Method - EMA, Applied to - Median Price (HL/2), Dev - 0.36.

These parameters are applied to the GBP/JPY, EUR/JPY, USD/JPY pairs on the 15M TF. Seems to work well. Maybe tweak the settings a bit to your liking.

One other suggestion take a look for the PB Cycles V1.03t.MQ4 which is coded by trader emonts. This indicator works well at plotting the Envelopes & they look really good, but I was unable to get the indicator to load properly on none major pairs such as the three I post above.

This is not my core method to trade so this about all the knowledge I have to share. I agree with those that say perfect is not needed, but a good fit seems good enough to me.

At the end of the day is about the price action & how we trade it.

I always enjoy reading your post.

Hope this helps you my friend.

#5,015
Mar 25, 2021 3:46am Mar 25, 2021 3:46am