Analysis and Trading based on Envelopes, Waves, Cycles

Chart styles! Who knew?

I missed this post Swede, thanks. I did figure it out after a few WTF moments.

Notice the Parabolic Move(s)

In reference to post #5696 the 1st Target Up 7794 was missed by 1 pip, then price turned down & it now appears price is consolidating. This is typical of what can happen. In my view the calculated projections from yesterday could be valid until Monday of next week. Not sure. Price is currently holding just ABOVE the closed price of 7764 used to calculate the projections & for my view that tells me the upside targets may be seen sometime today or by Monday. If Price should go below the 7764 level then the downside targets should be hit. Time will tell.

Gann Square of Nine update. Target 2 down at 7703 hit & price turned up & now appears to be trying to turn down more. Lets see what happens by close time & again on Monday. This move today reminds me of typical moves I saw in the past when trading the Square. Even though the BUY ABOVE levels was near the Close Price the move was strong to the downside after Price hit within 1 pip of the 1st Target Up. When Price turns down BELOW the CLOSE PRICE used to calculate the levels after going UP what happened today usually happens, but NOT EVERYTIME.

By this time on Monday price may have hit all UP TARGET levels as these levels should be valid for UP to 24 hours from the calculation time.

Had I been in this trade I would have taken the trade long from the beginning simply because the BUY ABOVE level was within 1 pip of the CLOSE PRICE used to calculate the projections. Once price was rejected twice at the 7783 level & turned down I would have TP & waited until Price closed below the 7765 level used to calculate the projection levels, & I would then entered short. Again, Monday morning quarterbacking as we say here is most easy. Its what you would really do in a live trade that counts. What I've been posting is how I recall doing it when I traded purely Square of Nine which was several years ago. My memory may not be serving me up all the details.

Enjoy your weekend my friends.

Notice the Long Term Parabolic moves

Paris, are you aware of how Daniel Ferrera got his excel equations for the square of nine? I have been doing some cross analysis, and this formula does not match the graphical square of nine.

=MOD((SQRT(N)*180)-225,360)

Anything in your library?

{ copyrighted attachments deleted by staff }

Sometimes I feel like I am corresponding with Gandolf the Grey.

Thanks very much, these documents answer a lot of questions and puts the natural dates question to rest as well.

seen on the FF thread of Jeremy Nevins

https://www.forexfactory.com/thread/...5#post13520145

Boris Schlossberg writes:

This month Welles Wilder, a titan of technical analysis, passed away. He was the inventor of RSI, Parabolic SAR and Average Directional Index. There is no trader alive that has ever pulled up a chart and threw a few indicators on it that has not used Mr. Wilder’s inventions at one time in their life.

Mr. Wilder was a trained mechanical engineer and he brought the mathematical discipline of that profession to the field of price analysis and for that the trading community will forever be grateful.

https://upload.wikimedia.org/wikiped...les_Wilder.jpg

https://en.wikipedia.org/wiki/J._Welles_Wilder_Jr.

Books:

 

1. New Concepts in Technical Trading Systems, 1978
2. The Adam Theory of Markets or What Matters Is Profit, 1987
3. The Wisdom of the Ages in Acquiring Wealth, 1989
4. The Delta Phenomenon, Or, The Hidden Order in All Markets, 1991

Wilder and his wife Dawn retired and relocated to Christchurch, New Zealand in October 1999, becoming dual citizens shortly thereafter. While in retirement, he continued with system development until 2008.

In 2020, Wilder was diagnosed with Vascular Dementia and Alzheimer's Disease, having shown symptoms for the better part of the 2010's.
John Welles Wilder Jr. died on April 18, 2021 in Christchurch, New Zealand at the age of 85.

BITCOIN 1 mn

Short in progress + 245 points