Analysis and Trading based on Envelopes, Waves, Cycles | Page 358 | 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

  • #7,141
  • Feb 16, 2022 1:03pm Feb 16, 2022 1:03pm
Understaning the Mid Channel Pause or the Straddle Trough

always refer to the theory for a better understanding of how Cycles generate Chart Patterns
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  • #7,142
  • Feb 16, 2022 1:15pm Feb 16, 2022 1:15pm
Quoting parisboy
Understaning the Mid Channel Pause or the Straddle Trough always refer to the theory for a better understanding of how Cycles generate Chart Patterns {image} {image} {image}
Fascinating the way your eyes are trained and see the channels in play that make up the price action.
When there's a will, there's a way.
  • #7,143
  • Feb 16, 2022 1:19pm Feb 16, 2022 1:19pm
Jim Tillman and Double Bottoms

When there is a double bottom or a double top, you should consider that there might be a cycle changing direction half-way between those two points.


Chartists place a great deal of emphasis on patterns in stock price movement.

In general they look for the start of a recognizable pattern and then make the assumption that the probability is that it will complete its move in the previous way.

The patterns they look for include support and resistance lines, double tops, double bottoms, head and shoulders and inverse head and shoulders, triangles, flags and so on.

It is perfectly possible to explain each of these as being formed by a certain combination of cycles that are present in the stock movement at that particular time.
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  • #7,144
  • Feb 16, 2022 1:27pm Feb 16, 2022 1:27pm
Double Top explained by Brian Millard
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  • #7,145
  • Feb 16, 2022 1:35pm Feb 16, 2022 1:35pm
We made a Focal point on the 5 min. Connecting the two recent ones:

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Looking to go long at the pullback.
When there's a will, there's a way.
  • #7,146
  • Feb 16, 2022 1:38pm Feb 16, 2022 1:38pm
Don’t be surprised if this was a pump and dump starting ......no news is good news to shake out stops and take profits lol
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  • #7,147
  • Feb 16, 2022 1:50pm Feb 16, 2022 1:50pm
Quoting MoeinYzz
We made a Focal point on the 5 min. Connecting the two recent ones: {image} Looking to go long at the pullback.
the 2 cents of Jim Tillman and Brian Millard

QUIZZ : How works a Moving Average ?

As Centered Moving Average 256 is ABOVE the Focal Point, if CMA 256 has to go through this Focal Point which is UNDER theis CMA, what has Price Action to do ?
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  • #7,148
  • Feb 16, 2022 1:57pm Feb 16, 2022 1:57pm
Quoting parisboy
{quote} the 2 cents of Jim Tillman and Brian Millard QUIZZ : How works a Moving Average ? As Centered Moving Average 256 is ABOVE the Focal Point, if CMA 256 has to go through this Focal Point which is UNDER theis CMA, what has Price Action to do ? {image}
Surely has to go lower and give it time for the 256 CMA to go through the Focal point!

Would you say that the 256 CMA "must" cross the focal point or it's just to give it more validity?
When there's a will, there's a way.
  • #7,149
  • Feb 16, 2022 2:19pm Feb 16, 2022 2:19pm
Quoting parisboy
{quote} the 2 cents of Jim Tillman and Brian Millard QUIZZ : How works a Moving Average ? As Centered Moving Average 256 is ABOVE the Focal Point, if CMA 256 has to go through this Focal Point which is UNDER theis CMA, what has Price Action to do ? {image}
thats a very good question to guide Alain ! which makes sens
  • #7,150
  • Feb 16, 2022 2:41pm Feb 16, 2022 2:41pm
Exited with the reach of the upper envelope 32 on the 15min and also nearly the end of NY session.

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When there's a will, there's a way.
  • #7,151
  • Edited 3:25pm Feb 16, 2022 3:13pm | Edited 3:25pm
Quoting MoeinYzz
{quote} Surely has to go lower and give it time for the 256 CMA to go through the Focal point! Would you say that the 256 CMA "must" cross the focal point or it's just to give it more validity?
Excellent answer.

Yes that is the idea

. Look at the chart. What is your first feeling ?

What tells you an extended CMA 256 line ?

All that has been described by Jim Tillman in his "Technically Speaking" interview.
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  • #7,152
  • Edited 5:11pm Feb 16, 2022 3:16pm | Edited 5:11pm
Quoting MoeinYzz
{quote} Fascinating the way your eyes are trained and see the channels in play that make up the price action.
it is just training

My best advice . Train on a1 mn demo account. Exercize your talent on your favourite pair, stock, index etc

Why 1 mn ? because you will observe tons of patterns and check the result of your hypothesis and anticipations very quickly
  • #7,153
  • Feb 16, 2022 3:21pm Feb 16, 2022 3:21pm
Quoting js497
{quote} thats a very good question to guide Alain ! which makes sens

It is not only a question.

Used in a systematic way it is also an analysis tool with predictive potential
  • #7,154
  • Feb 16, 2022 3:33pm Feb 16, 2022 3:33pm
Quoting parisboy
{quote} Excellent answer. Yes that is the idea . Look at the chart. What is your first feeling ? What tells you an extended CMA 256 line ? All that has been described by Jim Tillman in his "Technically Speaking" interview. {image}
First of all, lemme just say how grateful I am to you for taking the time and asking thought-provoking questions, and leading us with your continuous teachings. Anyone could just not bother as much since there's already tons of material on this thread.

I would say by extending the 256 CMA, we get a feel it's headed towards that focal point. So prediction of downmove of price is valid.
When there's a will, there's a way.
  • #7,155
  • Feb 16, 2022 3:36pm Feb 16, 2022 3:36pm
Quoting parisboy
{quote} it is just training My best advice . Train on a mn demo account. Exercize your talent on your favourite pair, stock, index etc Why 1 mn ? because you will observe tons of patterns and check the result f your hypothesis and anticipations very quickly
Been reluctant towards 1 min charts and trading on that timeframe cuz of the fast motion of price and the difficulty associated with it. Add the fact of the probabilities!

But there must be something really rewarding to it since I've seen you say it multiple times. Alright! Gonna be doing it from now on. Face your fears, as they say : )))
When there's a will, there's a way.
  • #7,156
  • Edited 3:52pm Feb 16, 2022 3:41pm | Edited 3:52pm
Quoting MoeinYzz
{quote} Surely has to go lower and give it time for the 256 CMA to go through the Focal point! Would you say that the 256 CMA "must" cross the focal point or it's just to give it more validity?

Look at the Charts

Keep operative statistics on 5 CMA Focal Points.

Make some hypothesis about the position of the next one
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  • #7,157
  • Feb 16, 2022 4:01pm Feb 16, 2022 4:01pm
Quoting parisboy
{quote} Look at the Charts Keep operative statistics on 5 CMA Focal Points. Make some hypothesis about the position of the next one {image} {image}
By extending the 256 CMA, I would call this the next one.

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Which would actually be more precise than mine. And if we draw a fib retracement from top to low of the downswing we'll see it's in the 50% area.
When there's a will, there's a way.
  • #7,158
  • Feb 16, 2022 4:12pm Feb 16, 2022 4:12pm
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  • #7,159
  • Feb 16, 2022 4:22pm Feb 16, 2022 4:22pm
Quoting MoeinYzz
{quote} Been reluctant towards 1 min charts and trading on that timeframe cuz of the fast motion of price and the difficulty associated with it. Add the fact of the probabilities! But there must be something really rewarding to it since I've seen you say it multiple times. Alright! Gonna be doing it from now on. Face your fears, as they say : )))
it is for Training not for Trading
  • #7,160
  • Edited Feb 17, 2022 4:54am Feb 16, 2022 4:33pm | Edited Feb 17, 2022 4:54am
Quoting Swede
Don’t be surprised if this was a pump and dump starting ......no news is good news to shake out stops and take profits lol {image}
Swede FYI courtesy of Brian Millard
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