Analysis and Trading based on Envelopes, Waves, Cycles

BTCUSD 1 mn

Opened Short position

BTCUSD 1 mn

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Short Follow Up

Envelopes

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Short Follo Up

Focal Points

Notice the use of ALL Tools available

Envelopes
VTL (Valid Trend Lines)
Gann Angles
Focal Points

I tried my best to go through the educational material which you keep posting. I have question that those settings for envelopes are same for lower time frame like M1 and M5?

Thanks

BTCUSD 1 mn

Opened Long Position

BTCTUSD 1 mn

Look at the (green) Valid Trend Line (VTL) which is also a 45° Gann Angle

About "Murrey Math"

In fact there is nothing to teach about Murrey Maths.

a) you divide the Price Range by 8
b) you Draw 9 Horizontal Lines.
c) these Horizontal Lines plays a role of Support or Resistance depending of the direction of the trend
d) if Price Action breaks a Support or Resistance Line there is some chance that Price Action will reach the next Line as target.

That is all I have understood and put in practice.

Murrey has nothing to do with Jenkins himself or very few.

It is basic Gann Angles and Basic "Murrey" (Support and Resistance Lines).

In short Gann and Murrey for the Dummies

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Short Follow Up

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"Chart Shift" @TM OAPDave

You DOUBLE the Amplitudes of the Envelopes

BTCUSD 1 mn

Envelopes

Hi Thanks for all your help. I wanted to understand more about envelopes and focal points. I have question about envelopes. I have set three envelopes 64,128,256.
As you can see that there is rejection from upper channel of 128. At what point we can decide that down move is not just retracement? Where can i decide that breakout happened and down move will go to bottom channel of 128?

Thanks for your help

courtesy of Tmpascoe

Sorry i have another question and it is about focal points. what Moving averages you consider for crossing each other to create focal point?

I often find the correct FP for a move is at a retracement or pause zone (which makes sense).

Obviously a 5 leg move can be between pause zones so that's one to watch out for


I did think NG was at a major low, but after applying the new FP tools I suspect it may be heading down in a 5 leg move.


this configuration is very common.

This is how I noticed the importance of Double Tops (Double Bottom) and the existence of 3 or 5 Downwaves with the "intermediary" successive Focal Points