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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

  • #9,981
  • Mar 23, 2023 11:14am Mar 23, 2023 11:14am
Quoting parisboy
XAUUSD 1 mn {image}
My daily timeframe envelopes are same as you have it in your screenshots but One minute (M1) timeframe has totally different picture.

I am using Hurst Envelope Script which is given on you first page. I am attaching the settings; please can you have a look and let me know that what should i make changes?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 32 KB
Love for all; Hatred for none.
  • #9,982
  • Mar 28, 2023 4:23am Mar 28, 2023 4:23am
Small move- based on double bottom as taught by Parisboy.
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Click to Enlarge Name: screenshot.png Size: 35 KB
  • #9,983
  • Mar 28, 2023 4:30am Mar 28, 2023 4:30am
Trying to catch a small upmove in a double top formation
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Click to Enlarge Name: screenshot.png Size: 33 KB
  • #9,984
  • Mar 28, 2023 5:04am Mar 28, 2023 5:04am
What happens when you try to catch a falling knife :-)
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  • #9,985
  • Mar 28, 2023 5:11am Mar 28, 2023 5:11am
Attached Image (click to enlarge)
Click to Enlarge Name: SIEMENS INDIA 1 mn ENVELOPES.jpg Size: 165 KB
  • #9,986
  • Mar 28, 2023 10:04am Mar 28, 2023 10:04am
Thanks for posting this chart. If you were to take the trade where would you enter and why ?
  • #9,987
  • Mar 29, 2023 12:12am Mar 29, 2023 12:12am
Follow through of Siemens after double bottom:
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Click to Enlarge Name: screenshot.png Size: 40 KB
  • #9,988
  • Mar 29, 2023 12:28am Mar 29, 2023 12:28am
Quoting aptx
Trying to catch a small upmove in a double top formation {image}
Follow through of ICICI double top formation:

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 37 KB
  • #9,989
  • Mar 29, 2023 12:30am Mar 29, 2023 12:30am
Quoting aptx
What happens when you try to catch a falling knife :-) {image}
After two failures - now following double top downside:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 36 KB
  • #9,990
  • Mar 29, 2023 2:56am Mar 29, 2023 2:56am
possible upmove in HCL Tech from double bottom. Not very hopeful here since the MAs are facing down:
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Click to Enlarge Name: screenshot.png Size: 34 KB
  • #9,991
  • Mar 29, 2023 4:35am Mar 29, 2023 4:35am
HCL TECHNOLOGIES Daily

Very Classical Chart
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Click to Enlarge Name: HCL Daily 29 mars 2023.jpg Size: 71 KB
  • #9,992
  • Mar 29, 2023 4:42am Mar 29, 2023 4:42am
Attached Image (click to enlarge)
Click to Enlarge Name: HCL Daily 29 mars 2023. ENVELOPES.jpg Size: 202 KB
  • #9,993
  • Mar 29, 2023 5:18am Mar 29, 2023 5:18am
Quoting parisboy
HCL TECHNOLOGIES Daily Very Classical Chart {image}
Wow !! The way you analyze..... the chart looks very different with your comments on it :-) Thanks
  • #9,994
  • Mar 29, 2023 5:23am Mar 29, 2023 5:23am
Quoting parisboy
HCL TECHNOLOGIES Daily Very Classical Chart {image}
One question was on the reason you count the number of averages moving through the FP. Is there a relevance to 3 pt vs 5 point ? I usually see that 5 FP is for a bigger wave but not much otherwise.

Thanks
  • #9,995
  • Mar 29, 2023 5:37am Mar 29, 2023 5:37am
Quoting aptx
{quote} One question was on the reason you count the number of averages moving through the FP. Is there a relevance to 3 pt vs 5 point ? I usually see that 5 FP is for a bigger wave but not much otherwise. Thanks
aptx you are right I use up to daily 5 CMA's : 16, 32, 64, 128 , 256

FP 5 is the intersection of all 5 CMA's with Price 16, 32, 64, 128 , 256

FP 4 is the intersection of 4 CMA's with Price 16, 32, 64, 128

FP 3 is the intersection of 3 CMA's with Price 16, 32, 64,

FP 2 is the intersection of 2 CMA's with Price 16, 32,

If you think to the thing in Daily 256 Trading Days = 1 Year , 128 Trading Days = 6 Months

It is obvious that a 6 Months CMA and a 1 Year CMA do not cross with price every 2 or 3 weeks.

Then their intersection is more important , has more weigh , more significance witthin Price Action and for forecasting the future.
  • #9,996
  • Mar 29, 2023 5:48am Mar 29, 2023 5:48am
Quoting parisboy
{image}
Hi parisboy

I have one question. Please can you tell me that Is there any indicator like Hurst Envelope where i can change the octave values (Red Circle) ? I wanted to test different settings.

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSD.png Size: 38 KB
Love for all; Hatred for none.
  • #9,997
  • Mar 29, 2023 5:51am Mar 29, 2023 5:51am
Quoting aptx
{quote} Wow !! The way you analyze..... the chart looks very different with your comments on it :-) Thanks
aptc you can also observe a very classical 50% retracement
Attached Image (click to enlarge)
Click to Enlarge Name: HCL Daily 29 mars 2023.50% RETRACEMENT.jpg Size: 65 KB
  • #9,998
  • Mar 29, 2023 5:56am Mar 29, 2023 5:56am
Quoting aahmad29
{quote} Hi parisboy I have one question. Please can you tell me that Is there any indicator like Hurst Envelope where i can change the octave values (Red Circle) ? I wanted to test different settings. Thanks {image}
no real idea

I use the "octave" value only with Envelopes to estimate the probable Amplitude of a Swing within an Envelope.

Hence every time an indicator is used with amplitude of a swing you can use the Octave profitably for analysis and trading
  • #9,999
  • Mar 29, 2023 6:11am Mar 29, 2023 6:11am
Quoting parisboy
{quote} aptx you are right I use up to daily 5 CMA's : 16, 32, 64, 128 , 256 FP 5 is the intersection of all 5 CMA's with Price 16, 32, 64, 128 , 256 FP 4 is the intersection of 4 CMA's with Price 16, 32, 64, 128 FP 3 is the intersection of 3 CMA's with Price 16, 32, 64, FP 2 is the intersection of 2 CMA's with Price 16, 32, If you think to the thing in Daily 256 Trading Days = 1 Year , 128 Trading Days = 6 Months It is obvious that a 6 Months CMA and a 1 Year CMA do not cross with price every 2 or 3 weeks. Then their intersection is more important...
Thank you. I was wondering if there is a pattern here in intraday trading eg 3 intersections followed by FP5 then 2, 3 etc. Will try and observe.
  • #10,000
  • Mar 29, 2023 6:23am Mar 29, 2023 6:23am
Quoting aptx
{quote} Thank you. I was wondering if there is a pattern here in intraday trading eg 3 intersections followed by FP5 then 2, 3 etc. Will try and observe.
there are some "patterns" Fomoslav here has published some messages on the subject.

Roughly within the parameters we use for Envelopes and Focal Points you have a 3 Down Legs Move, a 5 Down Legs Move or a 7 Down Legs Moves . Then you have a similar structure for the Focal Points
Attached Image (click to enlarge)
Click to Enlarge Name: HCL Daily 29 mars 2023. 3 DOWN LEGS MOVE.jpg Size: 65 KB
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