Analysis and Trading based on Envelopes, Waves, Cycles

ETHEREUM 1 mn

Close Short position

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Opened Long Position

Everyone here has to be conscious that Trading is a very simple activity. I will quote one of my ex-CEO's " I buy, I sell and I live with the difference"https://discord.com/assets/7c010dc6d...2c1f002bb4.svg That is all you have to do. And to achieve that you just have to use simple methodologies and simple tools. Forget all what is complex you will go nowhere with it, you will loose your money, your time and your energy. Proof is that guys before you have earned money with a pencil, a ruler and some graph paper. Elliott had no computer. He just noticed that there were "waves" in the market. His main work the Wave Principle has only 23 pages. Just to show us the famous Elliott Wave pattern 12345ABC. Which exists. But Elliott through this pattern wanted to explain all market activities in the past and for the future. It is just a fantasy.

Jim Hurst has done the same as Elliott but with "Cycles" Hurst wrote a 250 pages book and a 1500 pages course. But all is work is summarized in a booklet "Cyclic Analysis" - 32 pages . If you cut the preface from X - a foreword of his publisher and an historical introduction from Hurst you can reduce the core of Hurst methodology in 20 pages. Hence everything that a guy can not explain to you in less than 20 pages is just bullshit, fog, void filling in short unuseful and even dangerous for your money and for your psychological balance

You remember the film Margin Call ? the scene where the CEO said to the young mathematician of the Risk Department " and please talk to me as if I was a ten year child or a golden retriever " You are the golden retrievers

I began with Gann in 1998. I am now a real expert on Gann ! I am an expert in dividing a Price Range by 8. and drawing 8 Horizontal Lines on a Chart Similarly I am expert in dividing a computer screen or a part of it in 8 - the Gann Angles 90° divided by 8. All the rest of Gann I do not use. I can even explain the division by 8 of a Price Range to Golden retrievers.

when you read a Gann's book count how many times he uses "halfway-point"

halfway price is simple, relatively known and used ( not enough as a tool but used). Halfwaytime is more complex - works if the underlying trend is Flat Neutral

as "Cycles" (in fact Waves make their tops on the Right on an Uptrend and on the left on a Down Trend this explains partly why Gann wrote Price is late (slower) or in Advance (quicker) relatively to Time

in a Downtrend Cycles make their Tops on the Left

All the theoretical descritption you see are generally biased. Correct but biased. Because they ONLY use a Neutral Underlying Trend a Flat Trend . When the Trend is Up or Down your Theoretical Chart is distortedFor example Jenkins Time Conversion Bar (TCB) works ONLY if the Underlying Trend is Flat or Neutral - but it is not really important because nobody uses really Jenkins Tools

Couldn't agree more Parisboy, see it every day, every time zone, every currency....that half way point is the catalyst to so many entries, the rest is just fluff often....and the 5/8 point he talks (62.5) about is pure gold when tested and fails...or breaks out

The Hare & Tortoise ?

Octaves
Octaves
Octaves what Octaves ???

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Focal Points

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Opened Long Position

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Closed Long position

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Long position Follow Up

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Sinewaves