{quote} The method is Parisboy 5 cma.....I just suggested dividing the swing by 8 to gauge potential occilation areas. Btw....perfect focal points on your chart...very nice {image}
- #4,402
- Jun 1, 2022 5:27am Jun 1, 2022 5:27am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
I think you misinterpreted my intention.....its all about mt4 and its limitations. I was mainly referring to Alain's envelopes and CMA.s....which I totally get and have absolutely nothing against what so ever. His comments about using all the tools is fine for him, or others who have the expertise to trade his methods and have a platform that can handle the indicators properly...Mt4 is not it.....That comes from the hundreds of hours I have spent to set up envelopes mt4 only to witness tons of problems' with using this platform. And when you need...
Real traders need simple methods AND simple ways to implement them.
As for Envelopes in MT4 I do not believe fully that few guys only use them and then disappear after some posts because it is time consuming and CPU consuming.
I agree all these factors do not help anybody to be resilient by using the Hurst method.
Most guys have no real knowledge of how functions a moving average, what are its technical limitations , what it means for a trader to use a Moving Average in his trading .
Most guys focus on the tool only Kind of " my MA81 is better" than your MA97" or "Exponential Moving Averages are "better" than Simple, Triangular, Guppy etc (your choice
) Moving Average"Most guys have no idea of what is an Exponential Moving Average concretely.
But de facto a real trader is not interested in Moving Averages of any kind , a real trader is interested to know the Trend(s). It is why Haurlan who in the 80's was the first to use EMA's in stocks and indexes analysis labelled his EMA's Trend 2%, Trend 5% and Trend 10%. And after reflexion Haurlan was 100% right !
As for Envelopes it is exactly the same story. Most guys focus on the tools, not on the use, not on the aim.
A 100 % copycat of Hurst Envelopes system is not necessary to apply Hurst analysis to your trading.
It exists surely some kind of built-in Envelope(s) easier to use within MT4 - for example Donchian Channels , you can use it
- to determine the Amplitude of Price Action in definite conditions
- to build Valid Trend Lines 'VTL) linking 2 adjacent Lows or Tops of the same nature, then determining an Action Signal when Price Action breaks the VTL
- to estimate the Underlying Trend and its influence on Price Action
{quote} Great post Swede and great explanation. Real traders need simple methods AND simple ways to implement them. As for Envelopes in MT4 I do not believe fully that few guys only use them and then disappear after some posts because it is time consuming and CPU consuming. I agree all these factors do not help anybody to be resilient by using the Hurst method. Most guys have no real knowledge of how functions a moving average, what are its technical limitations , what it means for a trader to use a Moving Average in his trading . Most guys focus...
- #4,404
- Edited 8:31am Jun 1, 2022 7:53am | Edited 8:31am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
- #4,405
- Edited 8:32am Jun 1, 2022 8:22am | Edited 8:32am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #4,407
- Edited 8:39am Jun 1, 2022 8:28am | Edited 8:39am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
- #4,408
- Jun 1, 2022 8:40am Jun 1, 2022 8:40am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
{quote} No, the starting point of this method is to identify the prominent impulse wave, only then place the grid over the wave, why? Because the DNA of future moves is measured from the strength of a correction or major swing.....just placing the grid over price action gives you nothing of real value. ps...nice short as price broke the 1 x 1 {image} {image}
- #4,410
- Edited 9:19am Jun 1, 2022 9:00am | Edited 9:19am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} This is a key remark from Swede . I will pontificate later on it !
My Octaves show me any depth of pullback I care to see
So all Swings and Impulse's are clearly seem ( Fractals can be used )
And the bonus is I can leave the settings fixed and now just change the Timeframe
Not interested in defending my thoughts on Octaves to anyone, tried for far to long without any take up
I will just have to accept I am a blind dumb ass, and carry on ploughing on alone
You and Swede have your ideas and methods of which I respect and value, I have mine
I will delete my views and posts a little later, just waiting to see if I get a reply about the Ftse chart I posted
Not holding my breath
- #4,412
- Edited 11:54am Jun 1, 2022 11:27am | Edited 11:54am
- Joined Mar 2009 | Status: Trader | 2,571 Posts
