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

Analysis and Trading based on Envelopes, Waves, Cycles

#5,861
May 14, 2021 2:07pm May 14, 2021 2:07pm

jmn5611
Joined Oct 2012 | Status: Trade Small, Win Big | 4,988 Posts

Quoting OAPDave

Disliked

{quote} Not sure if I am struggling as I am more than happy to bank around 25% of the ADR mostly 25ish pips Built my money management around this The reason may come from the fact that I used to own, train, and race greyhounds and they won their races in seconds Do have to admit 25 pips can take a lot longer than seconds ps Found these but do not use them {image} {image}

Ignored

That is really good. I thinking to myself, he has those grids mastered, he has to be making money.

The mental thing was one of my final struggles, I was to the point where I could see my signals forming in real time, and just could not click the mouse. Turns out that I was sized too big, so I went down to a penny a pip until it passed, thank you Mark Douglas!

If you are good at something, never do it for free--Joker

#5,862
Edited 3:40pm May 14, 2021 3:21pm | Edited 3:40pm

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

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#5,863
May 15, 2021 11:35am May 15, 2021 11:35am

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

BITCOIN 5 mn

Closed Short position + $ 17.900

BTC is building an Hesitation Zone - a Congestion Zone.

I wait to check the direction of the break

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#5,864
May 15, 2021 6:13pm May 15, 2021 6:13pm

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

Although I hardly dare to use his name (for fear we get accused of commercial content)...I will simply say a method by MSJ that is deadly accurate is squaring the first significant swing by cubing, in quarters, the swing from high to low or low to high, and then start your measurements 1x1 1x2 1x3 etc. With forex, especially Cable, I have found it to be a much more accurate method than square root methods. Maybe its just me. This is a chart drawn back in March using my Fib time tool divided by 4 and my Fib retrace tool divided by 4, also the Fib Angle tool by 4. Makes it very easy to draw the square out method....I only do this on the 4 hour chart though.

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#5,865
May 15, 2021 6:43pm May 15, 2021 6:43pm

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

Quoting parisboy

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BITCOIN 5 mn Closed Short position + $ 17.900 BTC is building an Hesitation Zone - a Congestion Zone. I wait to check the direction of the break {image}

Ignored

Saw this a few days ago...but just could not pull the trigger due to lack of confidence in Bitcoin movement....lack of courage leads to procrastination which leads to lack of profit, leading to lack of income, leading to unhappy wife...which everyone knows leads to an unhappy life.. im a total looser parisboy...

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#5,866
May 16, 2021 4:32am May 16, 2021 4:32am

Merka
Joined Jan 2016 | Status: Trader | 2,062 Posts

Quoting Swede

Disliked

{quote} Saw this a few days ago...but just could not pull the trigger due to lack of confidence in Bitcoin movement....lack of courage leads to procrastination which leads to lack of profit, leading to lack of income, leading to unhappy wife...which everyone knows leads to an unhappy life.. im a total looser parisboy... {image}

Ignored

You have mani lines.
On which one you pull the trigger?
Cheers

#5,867
Edited 9:58am May 16, 2021 9:18am | Edited 9:58am

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

Quoting Merka

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{quote} You have mani lines. On which one you pull the trigger? Cheers

Ignored

Hi Merka,. if you read up on Michael Jenkins you would be able to answer that yourself. It's about reaction at certain predictable levels, not the levels themself. In this case the 1x2 shows a touch and instant reversal along with a fundamental pattern (head and shoulder) and overall media attention thanks to comments from the likes of Elon Musk. All things considered as a package there were strong reasons to short at the arrow. But, because I hesitated I gained nothing so it's just for illustration and joking around with parisboy, who really did prosper (see the post just prior)

Merka, the basic concept of MSJ is finding an important impulse wave. Look to the very left hand side, all drawings and divisions begin from that point. Those who say draw enough lines and price will react at one of them...that is true but this same person is just an observer, a critic, a person who does not even try to do the work. If that same person would just try a few methods from those who have proven these concept, they would change their opinion forever, and maybe even make it as a trader.

#5,868
May 16, 2021 10:27am May 16, 2021 10:27am

OAPDave
Joined Jan 2015 | Status: Trader | 5,144 Posts

Quoting Swede

Disliked

{quote} Hi Merka,. if you read up on Michael Jenkins you would be able to answer that yourself. It's about reaction at certain predictable levels, not the levels themself. In this case the 1x2 shows a touch and instant reversal along with a fundamental pattern (head and shoulder) and overall media attention thanks to comments from the likes of Elon Musk. All things considered as a package there were strong reasons to short at the arrow. But, because I hesitated I gained nothing so it's just for illustration and joking around with parisboy, who really...

Ignored

Swede
I do apologies, I thought without looking that Merka post was directed at mine, meaning that it appeared very quickly
I do agree with your reply, and not to confuse anyone, which includes me
I have deleted the reply I made by mistake

#5,869
May 16, 2021 10:53am May 16, 2021 10:53am

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

Quoting OAPDave

Disliked

{quote} Swede I do apologies, I thought without looking that Merka post was directed at mine, meaning that it appeared very quickly I do agree with your reply, and not to confuse anyone, which includes me I have deleted the reply I made by mistake

Ignored

Apology unnecessary Dave...I was just digesting your post when u removed it...it was bang on...why not repost with the comments.

#5,870
May 16, 2021 11:28am May 16, 2021 11:28am

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

You just connect Focal Points A and B.

You open a short position on the reversal.

Focal Point B is roughly in the middle of the Swing. You follow up your Short .

Your bearish Target is the lower limit of the Tillman Fork.

Then you observe the progressively building of a Focal Point of the descending Centered Moving Averages spot on the lower limit of the Tillman Fork.

Hence you got as the next probable bearish target the point C which is in the middle of the bearish swing BD

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#5,871
May 16, 2021 1:04pm May 16, 2021 1:04pm

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

Quoting Swede

Disliked

{quote} Hi Merka,. if you read up on Michael Jenkins you would be able to answer that yourself. It's about reaction at certain predictable levels, not the levels themself. In this case the 1x2 shows a touch and instant reversal along with a fundamental pattern (head and shoulder) and overall media attention thanks to comments from the likes of Elon Musk. All things considered as a package there were strong reasons to short at the arrow. But, because I hesitated I gained nothing so it's just for illustration and joking around with parisboy, who really...

Ignored

@Merka......when trading diagonals with this method it is imperative that one uses a basic principal of trading and that is Entry is at the Low of the High bar, or the High of the Low bar. One does not blindly just trade the line when its reached, you need confirmation that this is actually a solid level after looking at as much confluence as possible.....The confirmation comes in the form of the next candle...if it breaks below the last candle, that is the entry....it may take some time, it might oscillate here for a period (adding bias to your decision) but the key is still confirming this indeed it the high bar.

So....lets drill down and see if the angle was a good one to trade.....as I said I saw it before the move south and wished I had taken it, but im a novice at trading Bitcoin so I held back...my mistake lol

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#5,872
Edited May 17, 2021 5:25am May 16, 2021 1:06pm | Edited May 17, 2021 5:25am

OAPDave
Joined Jan 2015 | Status: Trader | 5,144 Posts

Daily Chart
Murrey 32 with Parisboy FLD 32

60 min Chart
Murrey (24 hrs x 32 days ) = Murrey768 + Parisboy FLD 32

What I look for is
Were and what Zone are we in within the Murrey Grid
are we above or below the FLD on Both Charts
Are Both Charts in tandem with each other
My rational being
are we in a GOOD TREND
Could it only be a RETRACE within a TREND

We see
Times To BUY
Times to SELL
Times to STAND ASIDE

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#5,873
May 16, 2021 1:16pm May 16, 2021 1:16pm

Merka
Joined Jan 2016 | Status: Trader | 2,062 Posts

Quoting Swede

Disliked

{quote} @Merka......when trading diagonals with this method it is imperative that one uses a basic principal of trading and that is Entry is at the Low of the High bar, or the High of the Low bar. One does not blindly just trade the line when its reached, you need confirmation that this is actually a solid level after looking at as much confluence as possible.....The confirmation comes in the form of the next candle...if it breaks below the last candle, that is the entry....it may take some time, it might oscillate here for a period (adding bias...

Ignored

Thanks