Analysis and Trading based on Envelopes, Waves, Cycles | Page 602 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Planetary cycles, astrological theory of cycles of the markets 510 replies

Forecast Forex using Numeric Cycles and Astrology Cycles 38 replies

Planetary Cycles... Plotting Cycles into the Future 0 replies

Market Waves are NOT Cycles 8 replies

Waves/Trends/Cycles 0 replies

Attachments: Analysis and Trading based on Envelopes, Waves, Cycles
Exit Attachments

Analysis and Trading based on Envelopes, Waves, Cycles

  • #12,021
  • Dec 18, 2023 9:30am Dec 18, 2023 9:30am
APPLE 4 Hours
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
  • #12,022
  • Dec 18, 2023 9:32am Dec 18, 2023 9:32am
Quoting parisboy
APPLE 30 mn Time Interval (unchanged) = 24 bars (12 Hours) Price Interval = 1.5625 (Doubling effect) {image}
I like that
TBH I would use those Octaves
But He that won't be named
Shows
200 & 175 atm
  • #12,023
  • Dec 18, 2023 9:32am Dec 18, 2023 9:32am
APPLE Daily
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
  • #12,024
  • Dec 18, 2023 9:37am Dec 18, 2023 9:37am
APPLE Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 88 KB
  • #12,025
  • Dec 18, 2023 9:40am Dec 18, 2023 9:40am
Quoting parisboy
APPLE Weekly {image}
Sorry I can only post Daily off the Actual Software
  • #12,026
  • Dec 18, 2023 9:40am Dec 18, 2023 9:40am
Quoting OAPDave
{quote} I like that TBH I would use those Octaves But He that won't be named Shows 200 & 175 atm
Sorry I have not the key to decipher your esoteric message !
  • #12,027
  • Dec 18, 2023 9:46am Dec 18, 2023 9:46am
Quoting parisboy
{quote} Sorry I have not the key to decipher your esoteric message !
TBH = to be honest
ATM = At the moment

ps
Your posting like
SPEED LINES now
something must have sparked your interest
  • #12,028
  • Dec 18, 2023 10:00am Dec 18, 2023 10:00am
Post from Tony (mmxapp group - 2000)

Rule #1: Plot a stock/commodity in the units in which it is traded. Murrey breaks this rule in a BIG way. Murrey wants to plot everything in the range from zero to $100. That makes the charts for things like sugar look VERY silly. Murrey also plots commodities like wheat in zero to $100.
Bottom line, PLOT a thing in the units you use to TRADE the thing

Bottom line, PLOT a thing in the units you use to TRADE the thing
  • #12,029
  • Dec 18, 2023 10:06am Dec 18, 2023 10:06am
Post from Tony (mmxapp group - 2000)

There is a very simple reason as to why you are confused about how to define Murrey's 8ths. Murrey is NOT consistent in how he does this. His software can be even MORE inconsistent :-)

Let's pretend we have a stock which trades at less that $100 dollars. We know we quote the price in dollar and cents. Therefore, the LARGEST square we could draw would be one which showed the range from $0 to $100. However, either the paper would need to be VERY big, or the plot would be a tiny wiggly line somewhere on the page :-)

We know that this large square is divided into 8 sections -- the lines are at $0.00, $12.50, $25.00, $37.50, $50.00, $62.50, $75.00, $87.50, and $100.00.

So, let's save a little paper, and figure out WHERE in that big square our stock is trading.

Let's assume it is at $39. The price is less that $50.00 and more than $25.00.

The next most reasonable chart would be drawn with the top line at $50.00 and the bottom line at $25.00.

You will find that most of the time, charts with the ODD lines at the top and bottom seem to just work better :-)

Our price of $39 sits a little above the middle of the chart.

We will also have to set the time frame, but I am not worrying about that at the moment. However, if we are near the middle of the time frame, we DON'T want the price in the middle of the chart. This would put the price in the center of the BIG central Circle of Conflict – a definite no-no :-)
  • #12,030
  • Dec 18, 2023 10:06am Dec 18, 2023 10:06am
Quoting parisboy
Post from Tony (mmxapp group - 2000) Rule #1: Plot a stock/commodity in the units in which it is traded. Murrey breaks this rule in a BIG way. Murrey wants to plot everything in the range from zero to $100. That makes the charts for things like sugar look VERY silly. Murrey also plots commodities like wheat in zero to $100. Bottom line, PLOT a thing in the units you use to TRADE the thing Bottom line, PLOT a thing in the units you use to TRADE the thing
Not quite true
  • #12,031
  • Dec 18, 2023 10:11am Dec 18, 2023 10:11am
The chart that runs from $25.00 to $50.00 is 1/4th the size of our big $0.00 to $100.00 (the REAL chart).

We should always keep this REAL chart(0-100) in the back of our mind. This second chart may be great for daily price bars, but it is TOO big for shorter term trading. Again, we either use VERY BIG paper, or we use a portion of that price range.

As the range gets smaller and smaller, we can't always keep the odd/even relationship we started with. However, we CAN remember what numbers were important from the BIG chart.

Let me write out a list of prices with odd/even characteristics:

9th line, Odd: $100.00 -- $50.00 -- $43.75 -- $40.62
8th line, Even: $87.50 --
7th line, Odd: $75.00 -- $43.75 -- $40.62 -- $39.06
6th line, Even: $62.50 --
5th line, Odd: $50.00 -- $37.50 -- $37.50 -- $37.50
4th line, Even: $37.50 --
3rd line, Odd: $25.00 -- $31.25 -- $34.37 -- $35.94
2nd line, Even: $12.50 --
1st line, Odd: $0.00 -- $25.00 -- $31.25 -- $34.37
  • #12,032
  • Dec 18, 2023 10:13am Dec 18, 2023 10:13am
You will notice that $37.50 is an important price in ALL the chart ranges listed above. It is an important price in $0-100, and so we kept it as an important price in $40.625-$34.375.

We are CONSISTANT in the importance we attach to the 8ths.

As we move to smaller and smaller price ranges, there are 2 ways of looking at the operation.

Number 1: we are saving paper by only printing a portion of the BIG CHART.

Number 2: we are holding a magnifying glass over our BIG CHART and looking at only a tiny portion.

However, the BIG CHART is always there, and we don't change our ranges so that we violate the characteristics of that BIG CHART.

BLH
  • #12,033
  • Dec 18, 2023 10:17am Dec 18, 2023 10:17am
MICROSOFT Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 83 KB
  • #12,034
  • Dec 18, 2023 11:47am Dec 18, 2023 11:47am
TESLA Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 94 KB
  • #12,035
  • Dec 18, 2023 11:49am Dec 18, 2023 11:49am
OCCIDENTAL PETROLEUM OXY Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 96 KB
  • #12,036
  • Dec 18, 2023 11:51am Dec 18, 2023 11:51am
CHEVRON CVX Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 89 KB
  • #12,037
  • Dec 18, 2023 11:54am Dec 18, 2023 11:54am
EXXON XOM Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 82 KB
  • #12,038
  • Dec 18, 2023 12:14pm Dec 18, 2023 12:14pm
Quoting acetrader
{quote} Parisboy, Thank you for responding as you & one other are the only ones to respond. The other trader responded in message form. I will post a chart by todays end. Out running errand today. What is the Old Saying........."A Picture is Worth A thousand Words." I believe that is how it goes. ______________________________________________
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 45 KB
  • #12,039
  • Dec 18, 2023 12:16pm Dec 18, 2023 12:16pm
Quoting OAPDave
{quote} Sorry I can only post Daily off the Actual Software
???
  • #12,040
  • Dec 18, 2023 2:42pm Dec 18, 2023 2:42pm
META Daily
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 91 KB
2 traders viewing now