Analysis and Trading based on Envelopes, Waves, Cycles | Page 348 | 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

  • #6,941
  • Feb 9, 2022 7:52am Feb 9, 2022 7:52am
GBPUSD 1 mn

FLD's Break on the Upside
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  • #6,942
  • Feb 9, 2022 7:57am Feb 9, 2022 7:57am
GBPUSD 1 mn

Opened Short position

After an Uptrend thereis often a Downtrend

Target 1,35720 +/- 10
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  • #6,943
  • Feb 9, 2022 8:06am Feb 9, 2022 8:06am
Quoting parisboy
GBPUSD 1 mn Opened Short position After an Uptrend thereis often a Downtrend Target 1,35720 +/- 10 {image}
Target reached

Closed Short position
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  • #6,944
  • Feb 9, 2022 9:39am Feb 9, 2022 9:39am
Quoting parisboy
{quote} Helioss As FLD is a new tool for you, you need to be cautious in its use for trading. In short 50 % of FLD configurations can structurally generate a target price. 6t was its first use. In the other case Price Action bounces on the FLD or is parallel to it. That is the Yrend Following use. My advice : search FLD on this thread using the search tool. There is a lot of material on the subject
Now is clear....maybe this can help all newbe members as me
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  • #6,945
  • Feb 9, 2022 10:03am Feb 9, 2022 10:03am
GBPUSD 1 mn
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  • #6,946
  • Edited 10:35am Feb 9, 2022 10:24am | Edited 10:35am
GBPUSD 1 mn

Opened Long counter-trend position

Target 1,3555 +/-11

EDIT Tade closed ŕt Stop Loss moved slightly above Breakeven
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  • #6,947
  • Feb 9, 2022 11:04am Feb 9, 2022 11:04am
Opened Short Position
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  • #6,948
  • Feb 9, 2022 11:08am Feb 9, 2022 11:08am
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  • #6,949
  • Feb 9, 2022 11:17am Feb 9, 2022 11:17am
GBPUSD 1 mn

Closed Short position + 18 pips
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  • #6,950
  • Feb 9, 2022 11:52am Feb 9, 2022 11:52am
Short position opened
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  • #6,951
  • Feb 9, 2022 12:02pm Feb 9, 2022 12:02pm
Closed Short position + 16 pips
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  • #6,952
  • Feb 9, 2022 12:41pm Feb 9, 2022 12:41pm
US30 1 min....with channel based on 2 DS
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  • #6,953
  • Edited 1:24pm Feb 9, 2022 1:11pm | Edited 1:24pm
EURUSD Weekly

In weekly EURUSD shows nice oscillations around its Centered Moving Average 208 Weeks (4 Years)
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  • #6,954
  • Edited 1:55pm Feb 9, 2022 1:39pm | Edited 1:55pm
Quoting helioss
US30 1 min....with channel based on 2 DS {image}
LONG....all cycles are LONG

EDIT: Trailing stop hit @ +17
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  • #6,955
  • Feb 9, 2022 2:38pm Feb 9, 2022 2:38pm
LONG againg

EDIT: closed BE +1 too next @ 4h channel upper band
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  • #6,956
  • Feb 9, 2022 3:05pm Feb 9, 2022 3:05pm
EURUSD DAILY.... possible view: LONG over line blue, SL line red, manage in trailing
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  • #6,957
  • Feb 9, 2022 5:22pm Feb 9, 2022 5:22pm
Not to sure if the Boss is sending us a hidden message, to look at longer time frames, now we are grasping the Method and all the Tools
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  • #6,958
  • Edited 6:25pm Feb 9, 2022 5:37pm | Edited 6:25pm
Quoting OAPDave
Not to sure if the Boss is sending us a hidden message, to look at longer time frames, now we are grasping the Method and all the Tools {image} {image} {image} {image} {image}
Dave NO HIDDEN MESSAGES ! I am not a Gann Seller !the Secret message revealed etc

I was just reading again Hurst, Tillman and Millard and all three write to ise ALL tools together and to always have in mind the Big Picure and to generate charts with weekly and monthlycharts.

Remember that they werre operating with daily data because at this time intrada data was not available at least for the average guy.

Thus intra-day trading on hours or ticks is more difficult than trading on daily closing prices. On the other hand, we will see in later chapters there is an advantage in moving to longer intervals. For example using weekly data in addition to daily data.

The 2 extremes of the daily range occur at random points of the day, although one extreme might be at the day’s close. The policy adopted in this book is to use many charts that display the daily or weekly closing prices in order to achieve absolute clarity in presenting the concepts of cycles and channels.

Long term trends are best analyzed using weekly data, while daily data is better for the analysis of short-term trends. We will see that we can
fine—tune the decision point by using both data sets.

In this chapter, we are dealing with simple graphical analysis, since we need a quick and easy way of estimating whether we have the types of cycles present that will enable us to use channel analysis successfully. In Figure 6.1 is a chart of the weekly closing prices of Delta Airlines since the beginning of 1980.

Thus the daily data confirms fully the position seen in the weekly data, and the very short-term trend not visible in the weekly data is also rising.

Brian Millard Channels and Cycles
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  • #6,959
  • Feb 9, 2022 5:47pm Feb 9, 2022 5:47pm
Quoting parisboy
{quote} Dave NO HIDDEN MESSAGES ! I am not a Gann Seller !the Secret message revealed etc I was just reading again Hurst, Tillman and Millard and all three write to ise ALL tools together and to always have in mind the Big Picure and to generate charts with weekly and monthlycharts. Remember that they werre operating with daily data because at this time intrada data was not available at least for the average guy.
Parisboy
Just joking about Hidden Messages
But you have me thinking as you have said
The Method works on All Time Frames and all Pairs etc
Hence thinking about account size efficacy
I think Swede prefers in and out like a rabbit
But i am not sure if running and adding to trades would be better
Looking at Dax and counting how many days held between 15000 & 16250
  • #6,960
  • Feb 9, 2022 6:14pm Feb 9, 2022 6:14pm
Quoting OAPDave
Not to sure if the Boss is sending us a hidden message, to look at longer time frames, now we are grasping the Method and all the Tools {image} {image} {image} {image} {image}

PROCEDURE

The overall procedure that we can apply to any stock is:

1. Check the chart of as much historical weekly data as possible for strong long term, intermediate and short—term cycles

2. If these are present, draw channels on the weekly chart; otherwise move to another chart

3. If there are major violations of both upper and lower boundaries within a short time of each other, see if forcing a bend in the channel can accommodate these

4. If short term and intermediate term weekly channels are rising, fine-tune the buying decision by looking at a chart of about one year’s history of daily data, otherwise wait for a change in direction of the channels

5. Draw channels on the daily chart, and if the short-term trend is rising and the price has risen from previous day can buy the next trading day, otherwise wait until these 2 factors are positive

6. If even more fine-tuning is needed, look at the daily range to estimate the direction of the intra-day trend at the market close. If the market closes at the high for the day, then obviously the intra-day trend is up, and the probability is that it will continue in the same way the next day so that the stock can
be bought. If the intra-day trend is down, then on the next trading day wait for the intra-day trend to start to rise.


Brian Millard Channels and Cycles

Dave we just have to go by the book(s) !
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