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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

  • #7,301
  • Edited 5:15pm Feb 19, 2022 5:03pm | Edited 5:15pm
BTCUSD 1 mn

Closed Long position + 155
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  • #7,302
  • Feb 19, 2022 5:08pm Feb 19, 2022 5:08pm
Quoting MoeinYzz
{quote} I notice you build channels sometimes using the 128, sometimes the 256 cma extension. Is it a personal preference or different for instruments?
No relationship with specific instruments or time units

only the "best choice" relatively with the most probable operative Focal Point (in the middle of the Swing)


Hereunder choice is almost identical CMA's 128 and 256 have the same steepness (-9°), then are parallel.

And CMA 64, 32 and 16 build the same Sinewaves around bothof them
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  • #7,303
  • Feb 19, 2022 5:20pm Feb 19, 2022 5:20pm
Quoting parisboy
{quote} No relationship with specific instruments or time units only the "best choice" relatively with the most probable operative Focal Point (in the middle of the Swing) Hereunder choice is almost identical CMA's 128 and 256 have the same steepness (-9°), then are parallel. And CMA 64, 32 and 16 build the same Sinewaves around bothof them {image}
Amazing..

Forever grateful for all these eye opening explanations. You're the man!

BTW, I tested something. I entered a long at the retest of the previous channel and targeted the area calculated by focal point.

Result:

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When there's a will, there's a way.
  • #7,304
  • Edited 6:38pm Feb 19, 2022 5:36pm | Edited 6:38pm
Quoting MoeinYzz
{quote} Amazing.. Forever grateful for all these eye opening explanations. You're the man! BTW, I tested something. I entered a long at the retest of the previous channel and targeted the area calculated by focal point. Result: {image}
Thank you for your nice words but I just apply what Hurst, Millard and Tillman have demontrated with the additionlal help of Gann and Murrey.

I am just a good operator because of intensive practice and post mortem analysis

That is almost all with some "savoir-faire"
  • #7,305
  • Feb 19, 2022 5:39pm Feb 19, 2022 5:39pm
Everybody trends up .

The party is not yet over, it seems !
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  • #7,306
  • Feb 19, 2022 5:41pm Feb 19, 2022 5:41pm
Cheat Sheet

Confluence Chart ?
5 CMA
32 Envelope Only
High lighting Bars over 100 pips range
Little bit of chart logic reading

ps
FLD 32
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  • #7,307
  • Edited 5:59pm Feb 19, 2022 5:47pm | Edited 5:59pm
Just following the train, sorry the trend !
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  • #7,308
  • Feb 19, 2022 6:01pm Feb 19, 2022 6:01pm
Hi Parisboy, Swede Dave & others,

Would it be a correct statement to say that the CMAs would always work as they are constant by design unlike another indicator or method. I've heard traders (me included) say what worked last year is failing me this year. Methods, systems & strategies are constantly having to be retooled, but it seems CMAs are constant once you learn what they are showing you. It's like reading the tea Leafs as some would say. I still haven't learned, but it's a work in progress for me. What I discovered from OUR FRIEND CRUCIAL POINT is a constant, but it is me that fails at time when trading it.

Would really appreciate everyones view on this thought.

Best of trade to each & everyone.

"It is Better to Light a Candle Than to Curse the Darkness" - Old Chinese Proverb -
_________________________________________________
  • #7,309
  • Feb 19, 2022 6:08pm Feb 19, 2022 6:08pm
In general Indices have a bigger Daily range than FX that's why I have moved to them
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  • #7,310
  • Feb 19, 2022 6:16pm Feb 19, 2022 6:16pm
Quoting acetrader
Hi Parisboy, Swede Dave & others, Would it be a correct statement to say that the CMAs would always work as they are constant by design unlike another indicator or method. I've heard traders (me included) say what worked last year is failing me this year. Methods, systems & strategies are constantly having to be retooled, but it seems CMAs are constant once you learn what they are showing you. It's like reading the tea Leafs as some would say. I still haven't learned, but it's a work in progress for me. What I discovered from OUR FRIEND CRUCIAL...
Well just maybe Parisboy as discovered
THE HOLY GRAIL
  • #7,311
  • Feb 19, 2022 6:27pm Feb 19, 2022 6:27pm
Quoting OAPDave
{quote} Well just maybe Parisboy as discovered THE HOLY GRAIL
Ha-ha Dave,

It may be a very close second for sure, but there is much work to be done. I believe it is a good key once learned.

Hope you're doing well my friend.
  • #7,312
  • Feb 19, 2022 6:47pm Feb 19, 2022 6:47pm
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  • #7,313
  • Edited 7:19pm Feb 19, 2022 7:00pm | Edited 7:19pm
Long after making a focal point and estimating it using Fib.

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Practice makes perfect.

EDIT:

Stopped!
Well that's what stop losses are there for lol
When there's a will, there's a way.
  • #7,314
  • Edited 7:15pm Feb 19, 2022 7:01pm | Edited 7:15pm
Quoting OAPDave
Cheat Sheet Confluence Chart ? 5 CMA 32 Envelope Only High lighting Bars over 100 pips range Little bit of chart logic reading ps FLD 32 {image} {image}
Funny, they say great minds think alike. (forget the part about fools seldom differ lol lol)...I was on a very nice hike through the coulees this afternoon, thinking about the weeks since using the 5CMA charts, and I decided to explore using envelopes, just one envelope on the chart to alert me to out of bounds areas....I think it would be a good alert and then I log in to find you have already done it....anyway, not sure of a good offset but going to do some work on it....
  • #7,315
  • Feb 19, 2022 7:09pm Feb 19, 2022 7:09pm
Quoting acetrader
Hi Parisboy, Swede Dave & others, Would it be a correct statement to say that the CMAs would always work as they are constant by design unlike another indicator or method. I've heard traders (me included) say what worked last year is failing me this year. Methods, systems & strategies are constantly having to be retooled, but it seems CMAs are constant once you learn what they are showing you. It's like reading the tea Leafs as some would say. I still haven't learned, but it's a work in progress for me. What I discovered from OUR FRIEND CRUCIAL...
I cant imagine I would be trading 1 minute charts Ace.....and here I am doing just that with tremendous accuracy and I might add, with tiny stops...very little risk. Now all the years of keying in on price action as always, knowing the currency I'm trading, watching for fundamentals that could wreak a trade, all adds to the accuracy level, but suddenly a light bulb came on for me after hundreds of charts from Parisboy that I couldn't deny worked...and it doesn't seem to matter what currency im watching...

Ingvar
  • #7,316
  • Feb 19, 2022 7:36pm Feb 19, 2022 7:36pm
Going long again.

And also being mindful of envelopes!

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When there's a will, there's a way.
  • #7,317
  • Feb 19, 2022 8:07pm Feb 19, 2022 8:07pm
Quoting MoeinYzz
Going long again. And also being mindful of envelopes! {image}
Closed by estimation of new focal point and also at the upper limit of 32 Envelope.

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Done for tonight! Excellent training day.

Hope I do this well trading EURO next week as market opens.

Big thanks to all you guys for sharing your trades, teaching your fellow traders and making us open our eyes!
When there's a will, there's a way.
  • #7,318
  • Feb 19, 2022 10:38pm Feb 19, 2022 10:38pm
Never seen a more beautiful display of the phrase "Trend is your friend"

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When there's a will, there's a way.
  • #7,319
  • Feb 20, 2022 4:05am Feb 20, 2022 4:05am
BTC 1H
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  • #7,320
  • Feb 20, 2022 4:07am Feb 20, 2022 4:07am
BTC 1 min, 128 loosing bearish strength..
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