Disliked{quote} Let's look at what happens next on ETHUSD (CFD quote on WEnd) Here a good description of channel CCurv in 15mn (precedent move was complete = 6 ribons) {image}Ignored
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Disliked{quote} Let's look at what happens next on ETHUSD (CFD quote on WEnd) Here a good description of channel CCurv in 15mn (precedent move was complete = 6 ribons) {image}Ignored
DislikedSo what I am going to do for the next couple of months is run both charts, the one that has one adjustable setting that adjusts all envelopes and the one that you have to adjust each envelope. I think the offset is going to be part of my standard charting from now on, takes a bit of adjustment (once per day) but I have a feeling there are some really accurate entries because it kind of works like the 5 centered moving averages chart without having to chart the focal points. For those who want to follow along I posted both versions of the indicators...Ignored
Disliked{quote} hey swede ... so after one week which one is better ... new auto color indicator or old pb_cycles. and how do you calculate pips for new auto color indicator. For example what will be number of pips for GOLD on M5 and H1. For old indicator pb cycles ... octave value for envelop 1 and 2 and 3. so I found the answer for octave value in post 6,791 https://www.forexfactory.com/thread/...4#post13885064Ignored
Disliked{quote} I trade mainly cable, and the standard color indicator worked splendidly all week, just trading the 1 hr.....no point altering what Parisboy has already proven.....main problem is staying focused and using the envelopes to their full capacity...Ignored
Disliked{image} See the Envelopes parameters circled in red - for the Envelope 256 Time Unit = 31,25 - for the Envelope 128 Time Unit = 15,625 - for the Envelope 32 Time Unit = 7,8125 let's assume that presently DAX price fluctuates between 13.000 and 13.250 13.250 - 13.000 = 250 points 250 / 8 = 31,25Ignored
Disliked{image}{image}Another simple top down sequence would be 100, 50, 25, 12.5, 6.25, 3.12, 1.56, 0.78 Pip Grid.Ignored
Disliked{quote} {quote} I find your calculations very interesting! I have found nearly the same application within the price of an instrument using a grid. Will be reading the whole thread over next couple weeks.Ignored
Disliked{quote} I trade mainly cable, and the standard color indicator worked splendidly all week, just trading the 1 hr.....no point altering what Parisboy has already proven.....main problem is staying focused and using the envelopes to their full capacity...Ignored
Disliked{quote} Tony how do you proceed exactly.? I am interested to improve mine if possible. This could be confluence. TIAIgnored
Disliked{quote} yeah main thing is staying focused... you already pulled me towards that shinning grid scaling system... and it made my head spin... so I stick to envelopes and follow and learn from all of you... I will use color indicator but my pair is GOLD... what is cable? you mean gbpusd... you trade H1 means you open envelopes on H1 and M5? and lastly what about that focal points indicator... i think parisboy use both.Ignored
Disliked{quote} Yes Gbp/Usd.......research on why it is called cable may be quite interesting to you lol. While every trader is different, different risk tolerance, different screen time, different ability, different time zones....you get the picture, but what I am saying is u need to develop a method that suits you. Personally I use the 1 hr or 30 min chart to find all my levels of interest, whether that be envelopes, focal points, big round numbers, amplitude, sup/res and so on, but my entries are always on a 1 min chart That allows me the tightest of...Ignored