Analysis and Trading based on Envelopes, Waves, Cycles

Parisboy, I didn't really think you would be upset with Dave as MM is connected with what your doing here with the envelopes. Years ago I had an interest in what T.E. was sharing, but never purchased his software. His concept is sound, never had a positive feeling about T.E. though.

Well you cannot blame me for trying to show you guys the errors of your decision, although I have tried the best I could to no avail, Oh well your loss

Dave,

MM is a good method for sure. I even have a custom made MM indicator that works well & clutters the chart in a slight way. I appreciate all your willing to share. After more 35 yrs in this business I am still in training trying learn from others each day. I would have like to me T.E. & discuss trading & his methods with him. Have you met him?

Parisboy... For me that consolidation on the 60min was a "pop or drop" level...
Attched is the 720min chrt.
For me...the daily/720 min swing is driving the trend on the 60 min - 240 min charts.
The channel on the 720 min chart gave enuf to tell me that the 60min chart touch on the lower Bband was a place to take notice.
The pink stochastic on the 720min chart is the "cycle" I'm watching.... It still has "energy to burn..."
The black t/line kinda ties in with that VTL line u drew on the 60min.

Love your work... cheers..

Yes
I loved the guy, he was so eccentric, never understood a word he was on about, his books and manuals are just the same, his software was slow and clunky, far to slow to even do any decent in depth scans
I just got hooked and needed to find out what he was on about
He traded live in-front of a few of us at the bar one night and we just bought him the drinks (he liked a British pint), although I paid for the software it ended up being free by the end of the evening .
Xard777 spotted I used his mt4 version, and we did a bit of work together and if you look for him on Trade Station its still plays a part of every method he codes even today
No one as helped or showed me the so called correct way to trade Murrey I have just found my own way, it really helps me , so as I say, you will never know if you have made a mistake by judging him rather than his ideas
I have over time become quite angry and defensive of Murrey so I just do my own thing right or wrong I liken it to Davit and his Wkly Pivots or The Quarters Theory even Normal Fibs, Vegas Tunnels etc etc ITS JUST A GRID

@Dave.....no question where to enter on your last chart to get on board...posting my perspective which is different, yet the same...lol
note the hourly chart...support has been broken...we could see 1.37 before long...imho...

Hi Guys,
It's really good to see smart guys having party at this read. I am ready devour any useful knowledge. Subscribed. I am new to your analysis. But it looks like it has some similarities with mine.
Wonderful thread.

sometimes The midline of a possible channel can project where PA will hit resistance at a potential outer channel line.
In this case the red arrows show the 3 points of contact I used to create a channel .
The green arrow, to the left , helps confirm the validity of possible channel.

60min eur is now at a resistance point and if if forms a small topping pattern in ,say, the 10 or 15min chart.. there might be a correction.
For me a channel is a "fixed" version of a cycle channel , while such things as envelopes or Bollinger bands are dynamic. ( same as Gann angles are fixed lines vs dynamic moving average lines ).
Both seem to work , at times..

@Parisboy....while manual calculations are good to understand a method, it would be very useful to have the Tillman Fork indicator for mt4. I would wager Sohocool could make it happen as he has proven so many times.....just saying

New day , New dawn New Battle
If we target the ADR we will need to see a New Octave set up on the 5 min being 1.3793 - 1.3671 or we could see the the defense as I post make a stand

DAX Daily LT

BITCOIN 1 mn

Cycles

Dave,
I never want to take Parisboy's thread off topic, so at the risk of doing so I wanted to share with you a bit as your last post gave me the prompt to do so.
T.E. is very eccentric that is NO doubt, but I think he is not sharing the full pie of what he discovered. In my view with NO evidence to back that. Gann did the same in my view again with NO evidence. I see MM as S&R levels that price at many times adheres to & at time ignores. The MM indicator I have looks good & clean on the chart & that I like. Even though the envelopes clutter the chart I prefer what I can derive from the envelopes over what I see with MM. At the end of the day each trader has to do & use what works for them. We have got to understand our method before our method will begin to work for us. I see the merits in the Gann Square of Nine & use it at times. Not my core method, but there is an aspect of the calculation from the Square of Nine I have noticed & when this aspect occurs you can for the majority of the time no which direction price is going to go. NOT ALWAYS, but enough to make some $$. Parisboy is correct in saying doing things by hand is better as for me it gives me a better understanding of what I'm doing & the results derived from my efforts. Again, all of this is just my humble views & nothing more. Gann, MM, Hurst & others listed on the first page are all enter twined together in one way or the other.

Now about the Quarters Theory. I have read the book. Genius or not there is much merit to this theory. I have modified an indicator for this & it performs well at plotting the quarters as described by the writer of the book. For me this theory mixes well with Gann, Hurst, MM & others being discussed on this thread. It all boils down to what works for the individual traders & his/hers mindset.

Final thoughts, musings etc. I have my own way of trading that is totally different from much that is being discussed here. Is it the best way to trade? For me it is, but probably not for many others. It is for me & that's the key. It is for me because I developed it by hand as Parisboy would probably say. ? No standard indicators needed. A few lines for reference & that's it. In my view a new trader just getting into this business would be much more successful if they found this thread & ignored all other threads focusing on what Parisboy, You, Swede & others are sharing. This is a simple by design method requiring much study & work by the traders to learn the mechanics of the envelopes & other aspects such as VTL etc.

I want to thank you for the help you have given me by your postings & helping answer the questions I've had. I think you are a trader/person who has an open mind, thinks outside of the box & is always trying to learn. That me too. Having my own method gives me time to research & learn what others are doing.

Parisboy & Swede, thank you guys for all you do to help those willing to learn what is being shared on this great thread.

Parisboy if this is too off topic let me know & I will delete/remove it.

"It Is Better To Light A Candle Than To Curse The Darkness"
_______________________________________________________________________

Best of trades to all in the times ahead.

I did some modifications to the base fib channel indicator....works similar once you plot the Center line..

ps...nice move for cable...textbook exhaustion and reversal..

Yes, that key measure of the expansion by 100 % from centerline is pretty good...

Quoting acetrader

Disliked

{quote} Dave, I never want to take Parisboy's thread off topic, so at the risk of doing so I wanted to share with you a bit as your last post gave me the prompt to do so. T.E. is very eccentric that is NO doubt, but I think he is not sharing the full pie of what he discovered. In my view with NO evidence to back that. Gann did the same in my view again with NO evidence. I see MM as S&R levels that price at many times adheres to & at time ignores. The MM indicator I have looks good & clean on the chart & that I like. Even though the envelopes clutter...

Ignored

Well said.
I have also developed my own method without any indicators. Yesterday after subscribing to this thread I started to apply MM. It looks like promising. My own method is Market Maker Manipulation. Like I say it . It gives me targets precisely. Even long term and short term targets and when will be reversal. As you said I try to take all best from best threads like this. Wish you a basket of pips.

Dave & Ihlas,
Thank you guys & I wish the best of times ahead for you guys. Life is short, so lets enjoy it.