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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

  • #8,601
  • Jul 28, 2022 8:51am Jul 28, 2022 8:51am
And these little divergence trades are pure gold...easy to see, easy to enter, but dont get greedy....11 pips is fine by me several times per day
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  • #8,602
  • Jul 28, 2022 8:53am Jul 28, 2022 8:53am
Quoting Sincere007
{quote} Hey sweed can you share this pitchfork indicator and template


Go to your inserts tab, channels, Fib channel and adjust to give you the correct amplitude....
  • #8,603
  • Jul 28, 2022 10:19am Jul 28, 2022 10:19am
The channel charts by Parisboy are absolutely excellent for getting with the changing trend...but you have to do some work. Notice how the trend change was clear, then the retrace...that is what every trader wants and this was very clear...all you do is extend the 32 upper channel and watch to see if the downward change in direction is in tact.....
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  • #8,604
  • Jul 28, 2022 10:28am Jul 28, 2022 10:28am
Notice how a bit of chart management can get you the premium entries...
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  • #8,605
  • Jul 28, 2022 10:42am Jul 28, 2022 10:42am
Quoting Swede
Notice how a bit of chart management can get you the premium entries... {image}
Hi swede,maybe am slow but i have tried to get envelopes with no luck,i dont knows the parameters,even your deivergence i canot get the settings right,kindly help
  • #8,606
  • Jul 28, 2022 12:02pm Jul 28, 2022 12:02pm
Quoting makenas
{quote} Hi swede,maybe am slow but i have tried to get envelopes with no luck,i dont knows the parameters,even your deivergence i canot get the settings right,kindly help
Maybe not complicated enough?
Let me make a joke.
In French we say why make it simple when you can make it complicated.
So I have a very complicated software that it will be simple ??!! to simplify.

Let's see ...
HI Swede, 2 x Two Ribbons for a few pips.

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  • #8,607
  • Jul 28, 2022 12:11pm Jul 28, 2022 12:11pm
Quoting makenas
{quote} Hi swede,maybe am slow but i have tried to get envelopes with no luck,i dont knows the parameters,even your deivergence i canot get the settings right,kindly help
Hi Makenas, nice to see you, it’s been awhile. I would be happy to help, are you using Mt4?

I agree it’s a bit fiddly until you get on to it.....and I highly recommend you do some reasearch in this thread....why the channels in the first place, why the settings we are using, and probably the biggest hurdle is to understand we are trying to identify zones, not necessarily exact entries all the time (although they do exist often).

Do you understand the historical amplitude, what is that measurement and how can it have a bearing on our setting ?

Forget divergence for a bit, let’s get your chart set up with the channels, they are super important.

First thing download the indicator I posted a few pages back, but only the one that adjusts all channels with one setting....it’s called
PB channel Color. Delete the other one if you already have it. Then I will share my template.
  • #8,608
  • Jul 28, 2022 12:53pm Jul 28, 2022 12:53pm
NASDAQ 1 mn

Focal Points
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  • #8,609
  • Jul 28, 2022 1:03pm Jul 28, 2022 1:03pm
NASDAQ 1 mn

Focal Points Analysis
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  • #8,610
  • Jul 28, 2022 1:11pm Jul 28, 2022 1:11pm
NASDAQ 1 mn

Note the Sinewave around the Centered Moving Average 256 (brown)
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  • #8,611
  • Jul 28, 2022 1:20pm Jul 28, 2022 1:20pm
NASDAQ 1 mn

Envelopes
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  • #8,612
  • Jul 28, 2022 1:28pm Jul 28, 2022 1:28pm
NASDAQ 1 mn

Trend Following with the FLD's 16,32,64
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  • #8,613
  • Jul 28, 2022 4:12pm Jul 28, 2022 4:12pm
Quoting Swede
{quote} Hi Makenas, nice to see you, it’s been awhile. I would be happy to help, are you using Mt4? I agree it’s a bit fiddly until you get on to it.....and I highly recommend you do some reasearch in this thread....why the channels in the first place, why the settings we are using, and probably the biggest hurdle is to understand we are trying to identify zones, not necessarily exact entries all the time (although they do exist often). Do you understand the historical amplitude, what is that measurement and how can it have a bearing on our setting...
Thanks Swede, i did download the indicator and now all i need is to look for zones by extending the envelopes?
  • #8,614
  • Jul 28, 2022 5:11pm Jul 28, 2022 5:11pm
Quoting makenas
{quote} Thanks Swede, i did download the indicator and now all i need is to look for zones by extending the envelopes?
One of the things you need to keep in mind is each currency trades differently of course....GU for example, the 20 day Daily Range is 130 pips or so, whereas GJ has a 20 day range of 170, Euro around 120 or so, so it stands to reason you need to set each currency with that consideration.

And the 15 min setting will be different from the 1 hour setting, or the daily setting, but with this particular indicator you only need to adjust the initial setting and all 3 channels will adjust accordingly, and that makes it easy

When adjusting the channels, just ensure price is contained within reason, that the channels historically are containing price for the most part. A day like yesterday are a bit hard because of the interest rate adjustment, and today the GDP reaction....but if you go back a bit with your charts, say from 10 days ago, you will see how the adjustments work, or they need changing.

Now, I also use ADR and Big Round Numbers to alert me when price may present a reversal, so I will include these two indicators and they are on my template enclosed below...
Attached File(s)
File Type: ex4 SweetSpotsGOLD_TRO_MODIFIED_VERSION.ex4   17 KB | 284 downloads
File Type: ex4 ADR_v2.ex4   11 KB | 331 downloads
File Type: tpl PB Envelopes 1 hr.tpl   58 KB | 322 downloads
  • #8,615
  • Jul 28, 2022 5:33pm Jul 28, 2022 5:33pm
Now, it is always good to have a peek at your larger timeframes before pulling the trigger on a day trade...it is not hart to see the potential for a reversal is within the possibility when you see this zone as an important one......but the lower timeframes will tell you if this is broken north, or will reverse..

now look at your 1 hour chart......looks like it is starting to reverse...tight stop may get you into a great trade?

now go down to your entry chart....how does it look? if you wait a bit for a retrace , your could get into a nice little trade with very small risk (stop)
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  • #8,616
  • Jul 28, 2022 5:45pm Jul 28, 2022 5:45pm
Quoting makenas
{quote} Thanks Swede, i did download the indicator and now all i need is to look for zones by extending the envelopes?
There are so many variables to consider....yes by all means extend them out to see if there is a possibility, but time of day, overall trend, and is there a VTL...and so on.....you need to read the thread completely to understand how to analyze these channels...

Just concentrate on the channel aspect of Parisboy charts....if you can get them working for you little else is needed to find nice trades...
  • #8,617
  • Jul 29, 2022 4:45am Jul 29, 2022 4:45am
Quoting Swede
{quote} There are so many variables to consider....yes by all means extend them out to see if there is a possibility, but time of day, overall trend, and is there a VTL...and so on.....you need to read the thread completely to understand how to analyze these channels... Just concentrate on the channel aspect of Parisboy charts....if you can get them working for you little else is needed to find nice trades...
Thank you for the indicators and well explanation,all this things considered,its win win for us. thank you again
  • #8,618
  • Jul 29, 2022 4:55am Jul 29, 2022 4:55am
NIFTY 1 mn

Envelopes
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  • #8,619
  • Jul 29, 2022 4:59am Jul 29, 2022 4:59am
NIFTY 5 mn

Envelopes : You DOUBLE your Amplityde parameters
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  • #8,620
  • Jul 29, 2022 5:00am Jul 29, 2022 5:00am
NIFTY 15 mn
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