Analysis and Trading based on Envelopes, Waves, Cycles | Page 365 | 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

  • #7,281
  • Feb 19, 2022 11:23am Feb 19, 2022 11:23am
Quoting parisboy
{quote} Basic Hurst tool Profit Magic Chapter 6 Main Tillman Tool Focal Point / CMA's crossovers are lcated on the Middle of the Swing / Sinewave. When you have the Top (or the Low) and a Focal Point even estimated , you have your target price.
Do you estimate the new focal point as it's going down?

Like this?

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When there's a will, there's a way.
  • #7,282
  • Edited 12:37pm Feb 19, 2022 11:35am | Edited 12:37pm
Quoting MoeinYzz
{quote} Do you estimate the new focal point as it's going down? Like this? {image}
target down was already reached
  • #7,283
  • Feb 19, 2022 11:40am Feb 19, 2022 11:40am
BTCUSD 1 mn

Long Follow up
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  • #7,284
  • Feb 19, 2022 11:43am Feb 19, 2022 11:43am
Quoting parisboy
{quote} target down was alredy reached
Trying very hard to understand your thought process : ))

How did you calculate your target price when price was here like in the pic?

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When there's a will, there's a way.
  • #7,285
  • Feb 19, 2022 12:33pm Feb 19, 2022 12:33pm
Quoting MoeinYzz
{quote} Trying very hard to understand your thought process : )) How did you calculate your target price when price was here like in the pic? {image}

It was a quick visual estimation. Hence our numbers can dffer.

The most important is to understand the whole process
Attached Image
  • #7,286
  • Feb 19, 2022 1:01pm Feb 19, 2022 1:01pm
Quoting parisboy
{quote} It was a quick visual estimation. Hence our numbers can dffer. The most important is to understand the whole process {image}
Indeed!

Thank you!
When there's a will, there's a way.
  • #7,287
  • Feb 19, 2022 2:10pm Feb 19, 2022 2:10pm
Went long as I estimated the recent downswing focal point.

Might've been best to stick to the rule of 16 CMA showing us a turn. This was a premature long. Let's see how it goes.

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Followup:

Estimating the new focal point, hence targeting above area of the Fib tool:

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When there's a will, there's a way.
  • #7,288
  • Feb 19, 2022 2:15pm Feb 19, 2022 2:15pm
Going towards the target area.

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When there's a will, there's a way.
  • #7,289
  • Feb 19, 2022 2:18pm Feb 19, 2022 2:18pm
Lower limit of target area reached:

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When there's a will, there's a way.
  • #7,290
  • Feb 19, 2022 2:36pm Feb 19, 2022 2:36pm
Quoting MoeinYzz
Lower limit of target area reached: {image}
Upper area also reached.

Need to work on pulling the trigger much faster! Still learning. Loving it.

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When there's a will, there's a way.
  • #7,291
  • Feb 19, 2022 3:16pm Feb 19, 2022 3:16pm
Short position after a recent focal point:

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TP filled:

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When there's a will, there's a way.
  • #7,292
  • Feb 19, 2022 3:27pm Feb 19, 2022 3:27pm
BTCUSD 1 mn

Closed Short position
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  • #7,293
  • Feb 19, 2022 3:28pm Feb 19, 2022 3:28pm
Long position opened
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  • #7,294
  • Feb 19, 2022 3:29pm Feb 19, 2022 3:29pm
Quoting parisboy
Long position opened {image}
With you on that one lol

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When there's a will, there's a way.
  • #7,295
  • Feb 19, 2022 4:01pm Feb 19, 2022 4:01pm
Patience !
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  • #7,296
  • Feb 19, 2022 4:09pm Feb 19, 2022 4:09pm
Follow up

Trading without showing Price Action
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  • #7,297
  • Feb 19, 2022 4:27pm Feb 19, 2022 4:27pm
Quite a ride it's taken us on : )))

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EDIT:

Closed it near the upper limit of the channel made by extending 128 CMA.

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When there's a will, there's a way.
  • #7,298
  • Feb 19, 2022 4:28pm Feb 19, 2022 4:28pm
+ 100

cma 16,32, 64 up
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  • #7,299
  • Feb 19, 2022 4:47pm Feb 19, 2022 4:47pm
Follow Up
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  • #7,300
  • Feb 19, 2022 5:00pm Feb 19, 2022 5:00pm
Quoting parisboy
Follow Up {image}
I notice you build channels sometimes using the 128, sometimes the 256 cma extension.

Is it a personal preference or different for instruments?
When there's a will, there's a way.
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