this graph is more complex but as you can see it is the same graph placed yesterday ... the structure of the square has stopped the rise in the yellow rectangles
Attached Image (click to enlarge)
2
The S is an ellipse - hard to find then all the time, but occasionally they show up
We are forced to look at price action on a 2 dimensional screen - price action is moving in 4 dimensions, hence all the distortions and missed timing etc - price twists as it crosses our view on the 2 D screen - this is why some double/triple tops/bottoms slightly under or overrun - If we could see then on a 3D screen we'd find more exactness
this charting software isn't great as it doesn't scale properly, but its near enough for quick analysis etc
The first price action upwards created the ellipse - which unfolds into a circle as shown, the 2nd ellipse down is the same sized ellipse as the first up one - this is Jenkins "Measured Move"
Again with all of this, its KNOWING what, where and when which is super super hard
Notice the 7 WAVES throughout
We are forced to look at price action on a 2 dimensional screen - price action is moving in 4 dimensions, hence all the distortions and missed timing etc - price twists as it crosses our view on the 2 D screen - this is why some double/triple tops/bottoms slightly under or overrun - If we could see then on a 3D screen we'd find more exactness
this charting software isn't great as it doesn't scale properly, but its near enough for quick analysis etc
The first price action upwards created the ellipse - which unfolds into a circle as shown, the 2nd ellipse down is the same sized ellipse as the first up one - this is Jenkins "Measured Move"
Again with all of this, its KNOWING what, where and when which is super super hard
Notice the 7 WAVES throughout
you are a fox....ahaha...it's true, you're right...the S is the ellipse....only that I still have to understand well how to draw it BEFORE the swings develop. As regards the inclination in bearish swings I found: 300°,315°,330°...but it is absolutely not certain that the opposite swing up has the same opposite degrees. question: how do I find the two foci of the ellipse to be able to draw it??? I have to ask jeanlouie to build the indicator to draw the ellipse with the degrees of the inclination
I've drawn the same Ellipse on Cowans software the same as above and note there's differences - I would trust Cowans software here more than the other one above
But the principles are the same
just today the PC with the old but faithful WXP on which Ganntrader and Cycle Timer ran broke, I hope to have it back soon
I've never got on that well with Ellipses for trading
The chart below is the same market as above LSE:IDS - I just used DT software to analyse the timing
What I did was took the LOW 191.2, doubled it and ran TIMING out by the same amount of trading days 191 (can't do decimals)
This created a 1 x 1 square
As you can see price didn't work to the 1 x 1, it moved 50% (ish) and thereby worked out half the price to the full TIME which is 50% - the % splits of the box were also pretty good for timing swings
So "IF" price was working to the harmonics of the box, its fair to say that Gann Angles matching the box should play a part at some point in the journey of the market and as you can see they did (you just run a 1 x 1 Gann angle along the diagonal of the box and the other angles are auto generated)
The ellipses above were the same length, but you could easily have just drawn vertical lines to get a "measured move" and when you see one landing right on a Gann angle, you need to be alert - think this one was the 1 x 10 angle
