Disliked{quote} Ace Wow that's a very difficult question to answer with my limited typing spelling and grammar skills Parisboy recently post a very detailed PDF that is well worth reading over and over But I think a very simply way to think of it as a Pivot Point Indicator much like Swede Posts he uses a Wkly Pivot so naturally it re sets every week But you could use a Daily which would reset everyday Same goes for a Monthly Now that being said Murrey takes the same idea but also adds in that price as to breakout of the Octave to force a re-set That's is...Ignored
After having read the two MM pdf's Parisboy posted that is what brought those questions to mind. Your answers are what I got after reading the pdf's. I appreciate the conformation from you as a trader using MM. Over the last several days I have been reading the last pdf's & videos posted by Parisboy & trying to get a better understanding of envelopes, Gann, Hurst & FLD's. The post by Parisboy reference the 32 & 64 garnered by attention so I loaded those onto one of my charts. Much to be said about what I see. My interest in FLD's has increased.
Thank you for your response sharing your knowledge.
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