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Analysis and Trading based on Envelopes, Waves, Cycles

  • #12,041
  • Dec 18, 2023 2:44pm Dec 18, 2023 2:44pm
STARBUCKS Daily
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  • #12,042
  • Dec 18, 2023 2:48pm Dec 18, 2023 2:48pm
INTEL Daily
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  • #12,043
  • Dec 18, 2023 3:02pm Dec 18, 2023 3:02pm
Quoting parisboy
INTEL Daily {image}
Looks like the
Birth of a
8x8 Grid Trader
that carries a few extra tools to call on when needed

ps
Terry as done a really good job
  • #12,044
  • Dec 18, 2023 3:38pm Dec 18, 2023 3:38pm
Quoting OAPDave
{quote} Looks like the Birth of a 8x8 Grid Trader that carries a few extra tools to call on when needed ps Terry as done a really good job
Sinewave
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  • #12,045
  • Dec 18, 2023 3:47pm Dec 18, 2023 3:47pm
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  • #12,046
  • Dec 18, 2023 4:02pm Dec 18, 2023 4:02pm
16 32 64 128 256 views
Octave sixes ?
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  • #12,047
  • Dec 18, 2023 4:09pm Dec 18, 2023 4:09pm
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  • #12,048
  • Dec 18, 2023 4:14pm Dec 18, 2023 4:14pm
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  • #12,049
  • Dec 18, 2023 4:21pm Dec 18, 2023 4:21pm
Behaving as per tip.
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  • #12,050
  • Edited 4:49pm Dec 18, 2023 4:21pm | Edited 4:49pm
Quoting tmpascoe
{image} {image} {image} {image}
Thank you
Any thoughts please ?
16 64 view
Octave Sizes ?
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  • #12,051
  • Dec 18, 2023 4:24pm Dec 18, 2023 4:24pm
Posted in 2000 on the mmxapp Group

Mike,

Wonderful explanation. It really helped me. I just have a couple of questions, if you don't mind. First, what does Murrey say is the key for most stocks trading under $12.50?

Murrey states that when a stock moves under $12.50, it behaves as if its perfect square is now $12.5 instead of $100. So, everything is the same but the moves will be smaller since we are operating with a smaller perfect "square" if you will. We still use $1.5625 to judge things, but we should also pay attention to 1.5625 / 8 = 0.1953125 ( 19.5 cents ) and multiples thereof as well.

Practically speaking, the stocks under $12.50 usually fall into squares of size 1/8 = 1.5625, 2/8 = 3.125, and 4/8 = 6.25.
So, you can expect to see a lot of stocks trading say in the square between $6.25 to $12.50, or even $9.375 to $12.50. You will also see some trading between say $4.68 and $7.03, or $3.12 and $6.25, etc.

Second, I don't quite understand how you say that when Alcoa rallies up to 25.68 is near the 5/8th line in the bigger square. Can you elaborate?

Once Alcoa rallies up to 25.68, it is near the +2/8 line in the small square 21.87 to 25.00. However, once AA closes ABOVE 25.78, then it expands into a bigger square from 21.87 to 28.12. The big square looks like the following:

8/8 = 28.12
7/8 = 27.34
6/8 = 26.56
5/8 = 25.78
4/8 = 25.00
3/8 = 24.12
2/8 = 23.44
1/8 = 22.66
0/8 = 21.87

Thus, you see that 25.68 would be CLOSE to 25.78 which is the 5/8 line in the bigger square.

Third, I am a bit confused about how you immediately picked values of $25.00 as the 8/8th line for JC Penny and Alcoa. At what range of prices do you pick your 8/8 lines.

Murrey declares octaves of $12.50 as the NATURAL 8ths between 12.50 and 100.
So, basically the formula is as such where N is an integer between 1 and 7:

12.50 * N + 0 = 0/8 ( or 8/8 )
12.50 * N + 1.56 = 1/8
12.50 * N + 3.12 = 2/8
12.50 * N + 4.69 = 3/8
12.50 * N + 6.25 = 4/8
12.50 * N + 7.81 = 5/8
12.50 * N + 9.37 = 6/8
12.50 * N + 10.94 = 7/8
12.50 * N + 12.50 = 8/8 ( or 0/8 )

Therefore, $25 is 12.50 * 2 + 0 = 0/8 or 8/8. 0/8 if price range is above it, 8/8 if price range is below it.

Some more examples
$18.75 = 12.50 * 1 + 6.25 = 4/8 line
$39.06 = 12.50 * 3 + 1.56 = 1/8 line
$73.44 = 12.50 * 5 + 10.94 = 7/8 line

Good Trading, Mike
  • #12,052
  • Edited 4:39pm Dec 18, 2023 4:27pm | Edited 4:39pm
Quoting OAPDave
{quote} Thank you Any thoughts please ?
No thoughts at this time of the morning

I just lined the time up as best I could with the lows. It is also possible to start from the obvious lower that is closer to today.

ps - plus I try to respect the circles of conflict
  • #12,053
  • Dec 18, 2023 4:37pm Dec 18, 2023 4:37pm
Quoting parisboy
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,...
That's the important point imho, "we don't violate the characteristics of the BIG CHART"

That's also the beauty of using purely mathematical formulae to do the calculation, it's impossible to violate the proportions of the larger fractals.
  • #12,054
  • Edited 4:52pm Dec 18, 2023 4:40pm | Edited 4:52pm
Quoting tmpascoe
{quote} No thoughts at this time of the morning I just lined the time up as best I could with the lows. It is also possible to start from the obvious lower that is closer to today. ps - plus I try to respect the circles of conflict
As you are aware I have to roll with the
Fixed M**** Formula
and start date

ps Sorry corrected my error in post 12050
both Intel charts now 16 64
You can compare Octave sizes ?
  • #12,055
  • Dec 18, 2023 4:56pm Dec 18, 2023 4:56pm
Quoting tmpascoe
{quote} That's the important point imho, "we don't violate the characteristics of the BIG CHART" That's also the beauty of using purely mathematical formulae to do the calculation, it's impossible to violate the proportions of the larger fractals.
Terry the problem is that it exists 3 Kinds of "BIG CHART" based on the same process and formula.

a) the original Gann : Price Range = Top - Low
b) The original Murrey : Price Range = 0-1, 0-10, , 9- 100, 0-1000 etc
c) the original Parisboy ; where the Baseline SRL (0/8) can be positioned anywhere under a Low , preferably on the closest sub-harmonic under the Chart Low. And the (8/8) SRL wiil be positioned 1, 10, 100 etc above the Baseline

Example : META

META IPO Is Something like 38

a) Fame is All Time High - Low ( or IPO if IPO is the Lowest point)
b) Murrey Frame at the IPO is 0-100
c) Parisboy : Frame = 37.5 - 137.5 (37.5 = 3 x 12.5 = 3/8 th of 100)
  • #12,056
  • Dec 18, 2023 5:02pm Dec 18, 2023 5:02pm
Quoting parisboy
{quote} Terry the problem is that it exists 3 Kinds of "BIG CHART" based on the same process and formula. a) the original Gann : Price Range = Top - Low b) The original Murrey : Price Range = 0-1, 0-10, , 9- 100, 0-1000 etc c) the original Parisboy ; where the Baseline SRL (0/8) can be positioned anywhere under a Low , preferably on the closest sub-harmonic under the Chart Low. And the (8/8) SRL wiil be positioned 1, 10, 100 etc above the Baseline Example : META META IPO Is Something like 38 a) Fame is All Time High - Low ( or IPO if IPO is the...
  • #12,057
  • Dec 18, 2023 5:09pm Dec 18, 2023 5:09pm
META Weekly

META is theoretically in a 0-1000 Fractal of Price. (0ctave = 1.000 /8 = 125)

But operatively your script positioned the Chart in an operative Fractal = 0-500 (Octave = 500/8 = 62.5)

You even try a (0-375) Fractal ( Octave = 375 /8 = 46.875)
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  • #12,058
  • Dec 18, 2023 5:13pm Dec 18, 2023 5:13pm
Quoting OAPDave
{quote} Thank you Any thoughts please ? 16 64 view Octave Sizes ? {image} {image}
Interesting point.

If I start from 26 Sept, as you have Dave, my software presents price in a lower fractal than 25 - 50. At first I thought this was an error, but when I look closely you can see that price has not yet closed above the +2/8, so imho it has not yet moved to the higher fractal.
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  • #12,059
  • Dec 18, 2023 5:22pm Dec 18, 2023 5:22pm
Quoting parisboy
META Weekly META is theoretically in a 0-1000 Fractal of Price. (0ctave = 1.000 /8 = 125) But operatively your script positioned the Chart in an operative Fractal = 0-500 (Octave = 500/8 = 62.5) You even try a (0-375) Fractal ( Octave = 375 /8 = 46.875) {image}
That's good though, because we want the chart presented with obvious changes in price range, rather than just a flat line.

A 0 to 1000 chart wouldn't work that well.

The 0 to 500 is also the reading produced by your excel software, so it's quite useable.
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as you said, it's the "operative" fractal
  • #12,060
  • Dec 18, 2023 5:23pm Dec 18, 2023 5:23pm
My Software can only work with
4 8 16 32 64 128 256
you guys seem to be using any numbers
I see a 24 and 80
I have a fixed start date
fixed Octave Formula
Fixed Trade Frame sizes
To be fair I am lost in the fog now
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