Analysis and Trading based on Envelopes, Waves, Cycles

Follow Up

Follow the fluctuations :

where they start
where they end

what are the Resistance Levels

what are the Support Levels

Very informative read

FLD short test from top of Pause Zone at a wave crest with cross below white dashed trend line and second HA candle to turn brown. Looking for low of Pause Zone for 3:1 reward vs risk.

Already closed but wanted to show the time between troughs of the waves/vibrations and what I was looking for. 2 wins 2 losses today. but wanted to share some of my journey (the wins at least). the road is long but parisboy is being helpful with continuous uploads. amazing. cant thank him enough.

Quoting OAPDave
{quote} I am trading PRICE not TIME or at least trying to ps We have a very important mini budget next week So i think until then we will not have any real moves Its going to be a suffer and see until then {image}

Dave I am glad you put the subject on the Table .

No trader can Trade the Time and put some minutes, hours, days, weeeks , months, years in the Bank.

Banks accept only money which is a direct by-product of buying at price A and selling at Price B or conversely.

Then IF you trade in the real life Price is the MAIN FACTOR in trading.

Time is SECONDARY - coming after Price.

The importance of Time in trading concerns your level of rentability.

Quoting OAPDave
{quote} I am trading PRICE not TIME or at least trying to ps We have a very important mini budget next week So i think until then we will not have any real moves Its going to be a suffer and see until then {image}

I do not share Gann opinion on Time as the most important factor

Fact is most guys repeat stupidly what they read without thinking about.

I have done that too. But generally I stop to do it more or less quickly.

My way of reading, studying and analyzing what Gann wrote and how Gann wrote it is very personal !

Let's begin with his book "How to make profit in Commodities"

When Gann writes " Time is the most important factor of all and not until sufficient time has expired does any big move start up or down."

The term " important" or "most important" has to be relativized IMHO.

In fact in above book Gann uses 526 times the word "important", whose 42 times "the most important".

As for "Time" Gann uses 1230 times the word against 1514 times the word " Price" which gives us a 45/55 % ratio

We can consider that the relationship between Time and Price is then kind of" balanced" by analyzing Gann's writings

What are the most frequent words used by Gann in " How to make profit in Commodities" ?

Note "make profit" ! As told me one of my ex-CEO : "I buy, I sell and I live with the difference"

the most frequent words used by Gann in " How to make profit in Commodities" are :

High : 3.080
Low : 3.993

Do you see the relationship with the quote from my ex-CEO ?

What are the words that Gann do NOT use in " How to make profit in Commodities ?"

Cycle : 15 occurences
Waves : 4 Occurences
Angle : 0
Square : 1
Circle = 0
Triangle =

As I have already several times written Gann was not a Trader, not mainly.

Gann was much more an Analyst which is obvious when one reads his books.

In How to make profit in commodities you can only identify 3 Trades initiated by Gann who very modestly speaks about him almost anonymously under the name " the Writer".

The major part of the book is just a Price Action description :

In May there was a Low (3933 occurences)
In June and July Price made a sharp advance (754 occurences) from this Resistance Level (402 occurences)
If the market has had enough advance, a reaction (342 occurences) is due.
In August Price made a new High , making this a Double Top (146 occurences) and a Selling level (353 occurences)
Change in Trend was due (348 occurences) because August is a very important month for a seasonal (255 occurences) bearish Campaign (70 occurences)
Then there was a quick decline (733 occurences) building a Double Bottom (148 occurences) and reaching a Support Level (74 occurences) for a Buying Rally (509 occurences) in September. at 750 which is the halfway point (234 occurences) between 500 and 1000. Follow our rules (359 occurences) always use a Stop Loss order (105 occurences)
In December Price (1514 occurences) reaches an extreme (500 occurences) high (3.080 occurences)

For Circles Lovers

Just for the fun