Analysis and Trading based on Envelopes, Waves, Cycles | Page 338 | 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

  • #6,741
  • Edited 11:37am Feb 4, 2022 11:22am | Edited 11:37am
Quoting fuseb
{quote} Scratch that. It's way too slow in MT4. I'm moving to MT5. Request you to share the MT5 templates and indicators at your convenience.
I don't think the templates will work in mt5........you just need a computer with 8-16 gig

All the indicators we provide here are designed for Mt4.....they work just fine in 99 percent of the cases. What you should think about is just following 1 or two charts and you will find mt4 to work well....yes the envelopes take some computing power for certain. One of my laptops can only handle 3 charts max using these templates so I use it for just monitoring USDX and correlating 1 hour charts plus a scan chart that has all the 1 hour instruments that I can toggle through.

Parisboy uses Tradingview, with templates that are designed specifically for that software...
  • #6,742
  • Feb 4, 2022 11:32am Feb 4, 2022 11:32am
Quoting Swede
{quote} I don't think the templates will work in mt5........you just need a computer with 8-16 gig
My bad. I thought you were on MT4 as well.
  • #6,743
  • Edited 11:52am Feb 4, 2022 11:37am | Edited 11:52am
Quoting fuseb
{quote} My bad. I thought you were on MT4 as well.
I only use mt4

here is a template....you can use it for all timeframes but you have to used different settings for different time frames....will teach you some of that later...still trading atm.
Attached File(s)
File Type: tpl Swede Envelopes.tpl   116 KB | 429 downloads
  • #6,744
  • Feb 4, 2022 11:53am Feb 4, 2022 11:53am
Quoting Swede
{quote} I only use mt4 here is a template....you can use it for all timeframes but you have to used different settings for different time frames....will teach you some of that later...still trading atm. {file}
Much appreciated!
  • #6,745
  • Feb 4, 2022 12:22pm Feb 4, 2022 12:22pm
Now it is getting late in this session....Note the adr.....we need to be careful in staying short with the potential starting to look long...anyway caution needed..

The point of all these posts is to show the live session updated in real time....and that is what you have to do continually to make this method work, otherwise your charts will tell you incorrect information....so all of this takes work and concentration, but the rewards are great...
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  • #6,746
  • Feb 4, 2022 12:27pm Feb 4, 2022 12:27pm
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  • #6,747
  • Edited 1:30pm Feb 4, 2022 12:57pm | Edited 1:30pm
Quoting OAPDave
{image}
Your chart illustrates nicely the current trend starting to curve upward,,,,that is a key visual to either to take your profits from short
positions and start looking for a retacement...anyway, it’s very late in the week so everything slowing down, not a good time to enter any more trades. I still have one running short from 47, it’s up about 5 pips atm and my target is the bottom of the Tillman fork, may have to close early if it pops up to break even...

edit....hey Dave, got the final +10 pips sucked out of this session as price slowly came down to the bottom of the 32 envelope....enough for this week...cu next
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  • #6,748
  • Feb 4, 2022 2:00pm Feb 4, 2022 2:00pm
Did I do it right?
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  • #6,749
  • Feb 4, 2022 2:09pm Feb 4, 2022 2:09pm
Quoting fuseb
Did I do it right? {image}
your certainly headed the right direction .....nice wrk.
  • #6,750
  • Edited 3:17pm Feb 4, 2022 2:53pm | Edited 3:17pm
When scalping the market like today, I like the layout below.....the 1 hour, the 15 min and of course the 2- 1 min charts. When swing trading I use the weekly, daily, 15 min and that works fine for me....anyway thought you might be interested since we had a very successful day, almost 90 pips again today banked....

ps...I removed the Heiken Ashi and the color so you could see clearly the entry and exits....but I use Heiken for all of these when color changes I pay attention....

Oh btw.....all trades profitable, no losses to report today...... I thought I had one but when I looked it closed at break even...lollol
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  • #6,751
  • Feb 4, 2022 3:01pm Feb 4, 2022 3:01pm
Quoting Swede
When scalping the market like today, I like the layout below.....the 1 hour, the 15 min and of course the 2- 1 min charts. When swing trading I use the weekly, daily, 15 min and that works fine for me....anyway thought you might be interested since we had a very successful day, almost 90 pips again today banked.... ps...I removed the Heiken Ashi and the color so you could see clearly the entry and exits....but I use Heiken for all of these when color changes I pay attention.... {image}
I have soooo much to learn.
  • #6,752
  • Edited 4:08pm Feb 4, 2022 3:04pm | Edited 4:08pm
I am presently reworking the book Channels and Cycles by Brian Millard which is exclusively dedicated to Envelopes / Chanels Analysis
  • #6,753
  • Feb 4, 2022 3:06pm Feb 4, 2022 3:06pm
Quoting Swede
When scalping the market like today, I like the layout below.....the 1 hour, the 15 min and of course the 2- 1 min charts. When swing trading I use the weekly, daily, 15 min and that works fine for me....anyway thought you might be interested since we had a very successful day, almost 90 pips again today banked.... ps...I removed the Heiken Ashi and the color so you could see clearly the entry and exits....but I use Heiken for all of these when color changes I pay attention.... {image}
Hey Swede. Nice job on a great trading day. Well done!

Thanks for sharing the charts and your workspace. Could you also share the parameters for your envelopes on different timeframes? I'm reading through the thread and the book so I'm not caught up yet on the reasons and numbers. So feel free to address these when it's convenient for you.

I've read Parisboy's posts regarding making the envelopes on Tradingview using data on, for example 5 day/5min, calculating the price range and dividing by 8th and constructing the 256, 128 envelopes etc..

I'm curious is that the same process on MT4 or another way? I don't wanna appear lazy lol just point me to the right direction.
When there's a will, there's a way.
  • #6,754
  • Feb 4, 2022 3:07pm Feb 4, 2022 3:07pm
Quoting parisboy
I am presently reworking the book Channels and Cycles by Brian Millard which is exclusively dedicated to Envelopes / Chanells Anlysis
Hey Parisboy. Looking forward to your material.
When there's a will, there's a way.
  • #6,755
  • Feb 4, 2022 3:08pm Feb 4, 2022 3:08pm
Quoting parisboy
I am presently reworking the book Channels and Cycles by Brian Millard which is exclusively dedicated to Envelopes / Chanells Anlysis
Looking forward to it Alain....big time!! lol
  • #6,756
  • Feb 4, 2022 3:10pm Feb 4, 2022 3:10pm
Quoting MoeinYzz
{quote} Hey Swede. Nice job on a great trading day. Well done! Thanks for sharing the charts and your workspace. Could you also share the parameters for your envelopes on different timeframes? I'm reading through the thread and the book so I'm not caught up yet on the reasons and numbers. So feel free to address these when it's convenient for you. I've read Parisboy's posts regarding making the envelopes on Tradingview using data on, for example 5 day/5min, calculating the price range and dividing by 8th and constructing the 256, 128 envelopes etc.....
If your using mt4 I will give you some hints.....but I have to run for now and will do that soon......mt4 is separate completely from the way Tradingview do the settings so let me gather some info and we shall discuss a bit later....
  • #6,757
  • Feb 4, 2022 3:14pm Feb 4, 2022 3:14pm
Quoting fuseb
{quote} I have soooo much to learn.
It will come....the very first chart you posted show a 15 pip profit as the candle and the center line give the clue...and you could have done it with a 5 pip stop, which normally is unheard of for Cable.....

Whatever you do, start with demo trading....NO LIVE TRADES or you will have me to deal with lol.....
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  • #6,758
  • Edited 4:09pm Feb 4, 2022 3:22pm | Edited 4:09pm
Quoting fuseb
Dear Parisboy and Swede, After more than a year-long absence from trading and studying to tackle personal life and depression struggles, I am back to check on your activities in order to find materials to study and get back on the trading train. However, a LOT has been discussed during my time off in three different and big threads where both of you have been active. 1. This envelopes thread, 2. Michael S. Jenkins Teachings thread 3. Time and Price Forecasting thread While all three seem to have tons of materials to go through and study, I find...
Fuseb

My personal opinion conforted by experience and practice is that the system related to Hurst is the best one ....... because it is a complete system, rational and logical.

Cycles for the Time Factor
Centered Moving averages to determine the Trend(s)
Centered Moving Averages intersections or crossovers to calculate targets and generate Focal Points
Focal Points to determine the amplitude of the Sinewaves oscillating around the Trends
Future Line of Demarcation (FLD) as Trend following tool and to calculate Targets and confirm Turning Points
Valid Trend Lines (VTL) to determine trend(s) and changes in trends

This is related to Gann Murray as for to Time and Price scaling through the doubling or halving in case of Chart Shifts.

As for Jenkins nobody trade him on a Public forum. at the exception of Swede.

Jenkins has a great collection of tools, advices etc in his books and videos. But all that does not build a system for trading, much more IMHO for analysis.
  • #6,759
  • Feb 4, 2022 3:45pm Feb 4, 2022 3:45pm
Quoting Swede
{quote} It will come....the very first chart you posted show a 15 pip profit as the candle and the center line give the clue...and you could have done it with a 5 pip stop, which normally is unheard of for Cable..... Whatever you do, start with demo trading....NO LIVE TRADES or you will have me to deal with lol..... {image}
Is the drawing correct? I extended from the 256 MA. Was a bit hesitant picking the range to draw the upper and lower lines off.
Ah, I see, you mean I could've gone for a short trade when price bounced from the center line? Understood.

And don't worry. I'm definitely not taking a system live till I'm winning consistently on demo. Coming from a country with steep exchange rates, even 10-20 bucks lost is significant.
  • #6,760
  • Feb 4, 2022 3:50pm Feb 4, 2022 3:50pm
Quoting fuseb
Did I do it right? {image}
Look at the chart(s)
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