Analysis and Trading based on Envelopes, Waves, Cycles | Page 288 | Forex Factory

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

  • #5,741
  • May 5, 2021 11:09am May 5, 2021 11:09am
Quoting Swede
{quote} Im trying to emulate the master scalper Parisboy....starting to see how this method may work for me since I only have a couple hours per day to do this.... {image}
Of all the things Parisboy as showed us
I find that the hardest one to actually trade with, much prefer Envelopes and FLDs
Buy yes It looks a real winner if you can Master it
Good Luck
  • #5,742
  • May 5, 2021 12:56pm May 5, 2021 12:56pm
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  • #5,743
  • May 5, 2021 1:00pm May 5, 2021 1:00pm
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  • #5,744
  • May 5, 2021 3:38pm May 5, 2021 3:38pm
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  • #5,745
  • May 5, 2021 3:39pm May 5, 2021 3:39pm
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  • #5,746
  • May 6, 2021 5:23am May 6, 2021 5:23am
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  • #5,747
  • May 6, 2021 5:27am May 6, 2021 5:27am
BITCOIN 1 mn

Long in progress > + 1.000 points
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  • #5,748
  • May 6, 2021 5:31am May 6, 2021 5:31am
BITCOIN 1 mn

FLD's as Trend Following Tools
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  • #5,749
  • May 6, 2021 6:10am May 6, 2021 6:10am
BITCOIN 1 mn

Closed Long Position + 894 Points
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  • #5,750
  • May 6, 2021 6:26am May 6, 2021 6:26am
BITCOIN 1 mn

Observe the interaction between the Ascending Valid Trend Line (VTL) 38 ° in black and Price Action
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  • #5,751
  • May 6, 2021 6:38am May 6, 2021 6:38am
BITCOIN 1 mn

Looks Bullish Trending UP after a Correction

opened Long Position
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  • #5,752
  • May 6, 2021 7:51am May 6, 2021 7:51am
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  • #5,753
  • May 6, 2021 9:19am May 6, 2021 9:19am
Quoting parisboy
{image}
Alain
I love these Charts you keep posting but I am going to be a little controversial
I just could not trade off those Gann angles ( Sorry Swede)
Yes off the grid, great to see were we are in the big picture, then zoom in to pick a zone to look for a trade entry
I would have thought the FLDs would be more appropriate than Angles
  • #5,754
  • May 6, 2021 10:09am May 6, 2021 10:09am
Quoting OAPDave
{quote} Alain I love these Charts you keep posting but I am going to be a little controversial I just could not trade off those Gann angles ( Sorry Swede) Yes off the grid, great to see were we are in the big picture, then zoom in to pick a zone to look for a trade entry I would have thought the FLDs would be more appropriate than Angles
Dave Angles on a Long Term Chart are only analysis tools which can be a part of an investment / trading decision.
  • #5,755
  • Edited 11:28am May 6, 2021 10:16am | Edited 11:28am
5 min West Texas ....trading the retracements with chart MA confirmations...so far so good...

Edit....note how 256 flattenned out and how it provided resistance....
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  • #5,756
  • May 6, 2021 10:46am May 6, 2021 10:46am
Quoting parisboy
BITCOIN 1 mn Looks Bullish Trending UP after a Correction opened Long Position {image}
What stops do you use on Bitcoin?
  • #5,757
  • May 6, 2021 11:14am May 6, 2021 11:14am
Quoting OAPDave
{quote} Alain I love these Charts you keep posting but I am going to be a little controversial I just could not trade off those Gann angles ( Sorry Swede) Yes off the grid, great to see were we are in the big picture, then zoom in to pick a zone to look for a trade entry I would have thought the FLDs would be more appropriate than Angles
The thing is Dave, it take a lot of preparation and tweaking MT4 to get the angles right...then it seems you have to re-tweak the next time you load your terminal, so it becomes tedious if your trading 7-15 charts....So, I have to agree with you on that part and it is much much easier to trade price levels, like MM or the levels produced by simply dividing the last major swing....so, no need to apologize my friend. I do enjoy trying to work with some of the tools Parisboy uses in 1 min and 5 min charts....but you gotta be quick on the draw when doing so....much prefer 1hour 4 hour support/res levels, much easier on the nerves...
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  • #5,758
  • May 6, 2021 11:36am May 6, 2021 11:36am
Quoting Swede
{quote} The thing is Dave, it take a lot of preparation and tweaking MT4 to get the angles right...then it seems you have to re-tweak the next time you load your terminal, so it becomes tedious if your trading 7-15 charts....So, I have to agree with you on that part and it is much much easier to trade price levels, like MM or the levels produced by simply dividing the last major swing....so, no need to apologize my friend. I do enjoy trying to work with some of the tools Parisboy uses in 1 min and 5 min charts....but you gotta be quick on the draw...
Swede
Played my Walking Football yesterday afternoon and now my body is paying me back, hence not traded today
but I am just wondering how many times I can go to the same Well for a drink
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  • #5,759
  • May 6, 2021 12:08pm May 6, 2021 12:08pm
Quoting Swede
{quote} What stops do you use on Bitcoin?
I do not use stops because of the extreme volatility. You had huge Candles - 500 to 1.000 points which explose your stops
  • #5,760
  • May 6, 2021 1:03pm May 6, 2021 1:03pm
Quoting parisboy
{quote} I do not use stops because of the extreme volatility. You had huge Candles - 500 to 1.000 points which explose your stops
Yes I was wondering about that....very volatile and not for the inexperienced imho.
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