Analysis and Trading based on Envelopes, Waves, Cycles

Quoting Swede

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didnt take this one because of the very oversold condition, but probably missed another 10-15 {image}

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Quoting Swede

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Note also in that statement by Hurst...if we can wait to find the situation that leaves no doubt to enter a trade, even if we have to wait weeks to find it, we will profit far greater than jumping in and out....the example below is perfect for me because I was trading that very day and days that followed and told myself I should be moving to the short side. Almost 400 pips later I get to watch instead of take a wheelbarrow full of cash to the bank..lol {image}

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Quoting Swede

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Problem with focal points is they are hard to see sometimes......so a separate chart with just the major MA's (256 and 128) can be useful just for determining short term entries, and exits. I have found them to be very accurate the past few days but that is just my personal experience, would suggest anyone having some difficulty with this to try it. {image} {image} {image}

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