Analysis and Trading based on Envelopes, Waves, Cycles

Good advice,

In situations like this, I would look for shorts now as the middle line has been broken.

But that projection of the above focal point worries me saying this downside move might be over.

That worry was correct.

I think I'm really getting it now when and how to change the channel based on CMA 256 Angle change:

Those were actually great areas for long entries!

here under you will find the script of the Hurst Bands.Hopeit can help you

Thank you

I'm gonna say something that many would say "duh. where have you been all this time!?"

But this pic below has some great value I for some time have missed!

You see many focal points happening in your charts, but you may not know which you should put the most focus on. You see a focal point and then you say ok, the move is over, I'm gonna go for the reversal. You take the trade, go in a little profit and think yes! I got this! But then you see that little profit becomes drawdown and then a loss! That's because that reversal you took was because of the recent focal point which was of a lower degree (nature) than the other significant one. Which means just a little counter move and that's it! Just like this pic parisboy below has mentioned and other posts.

That's why when you see the big CMA 256 nearing a focal point you can, with a high degree of probability, say that big move is done! And that's why it takes a long time for that CMA to go through a focal point.

I'm beginning to slowly realize why some of my trades work and some just partially work.

I thank parisboy and everybody else for their posts because it reinforces my learning and I get to correct my mistakes.

Bitcoin "training" during the weekend.

Sinewaves and baby sinewaves in play.

Followup:



(I must confess. Tradingview is totally worth the membership. These lines are so much clearer here and so visible. I'm considering upgrading!)

Now if this is not interesting, I don't know what is : )))

Changing the angles:

That buy was successful.

I'm finding that you have to keep your CMA extensions updated. But not too much! Have to shift them when the change is clear. And also check with price action to see if there are reactions to those extensions.

Enough flooding by me! I hope parisboy doesn't kick me out in the morning lol

Have a good night/morning everyone. See you soon.

Yes I said bye, but I couldn't not share this.

I'm not even gonna say anything more : ))) Everything is self-evident here.