Analysis and Trading based on Envelopes, Waves, Cycles | Page 671 | Forex Factory

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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

  • #13,401
  • Aug 2, 2024 3:11am Aug 2, 2024 3:11am
Quoting parisboy
{quote} Understanding the SP 500 behaviour with Terry's scripts and Hurst, Tillman and Gann concepts and methodologies {image}
  • #13,402
  • Aug 2, 2024 3:26am Aug 2, 2024 3:26am
Quoting parisboy
{quote} Understanding the SP 500 behaviour with Terry's scripts and Hurst, Tillman and Gann concepts and methodologies Let's remember for the Dummies, the Newbies, the computer addicts and the Numerical Analysis freaks some basic principles : a) Hurst labeled his work as **The Wave Theory of Price Action ** b) Envelopes were the FIRST tool Hurst offered us Roughly on this 2 Year Chart Price osccillates within the Envelope 256 (yello) and around its Centerline (the Centered Moving Average 256 ( CMA 256) The Envelopes gauges the maximum...
I'll put myself in the "DUMMIES" category
  • #13,403
  • Aug 2, 2024 3:32am Aug 2, 2024 3:32am
observe that IF we categorize " waves" as oscillations begining and ending on the Envelope 256 Lower Boundary 'yellow) we can identify **3 Dominant Waves** whose Period duration is more or less **Doubling **as Time flows and the Uptrend develops itself.
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  • #13,404
  • Edited 3:59am Aug 2, 2024 3:43am | Edited 3:59am
How many trading methodolgies have you seen that can pick a top/bottom as cleanly as this method of cycle analysis. (this top was picked back on the 13th)

How many trading methodolgies then also offer the likely extent of the move in advance of the move happening.

Thanks to Alain for bringing this superb trading method to our attention and for having the ongoing patience to answer my (often) dumb questions.
  • #13,405
  • Aug 2, 2024 3:49am Aug 2, 2024 3:49am
If we use the Envelope 32 (orange) only , another Wave reading is operative AT THE SAME TIME
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  • #13,406
  • Aug 2, 2024 4:02am Aug 2, 2024 4:02am
You can also observe that these Waves based on the CMA 32 (orange) generate a series of Double Tops and Mid-Cycle Dips. These Couble Tops and Mid-Cycle Dips are distorted under the influence of the Underlying Trend (a key Hurst concept)
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  • #13,407
  • Aug 2, 2024 4:04am Aug 2, 2024 4:04am
Gold futures
At the 8/8 level but looks more like a 5 leg move, meaning the FP will be in the 3rd leg. If this is correct we still have another leg to go before retracing.
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  • #13,408
  • Aug 2, 2024 4:30am Aug 2, 2024 4:30am
The Power and Efficiency of the Gann Murrey Grid and of the Gann Octave
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  • #13,409
  • Aug 2, 2024 4:42am Aug 2, 2024 4:42am
Remember that Dewey and Hurst estimated the influence of the Underlying Trend (Sigma L) as 75% in average
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  • #13,410
  • Aug 2, 2024 5:07am Aug 2, 2024 5:07am
Quoting parisboy
Remember that Dewey and Hurst estimated the influence of the Underlying Trend (Sigma L) as 75% in average {image}
First wave had about 40% underlying trend, second wave had 66% underlying trend......if the average influence from the underlying trend is 75% would it then be reasonable to assume there's likely (on average) to be another wave?

A move to +2/8 would give an underlying trend of approx 75%. (with channel width of 2 1/2)
  • #13,411
  • Aug 2, 2024 5:27am Aug 2, 2024 5:27am
Even though Gann never meant it like this - those envelopes visualise the term "Tunnel Thru the Air"!
  • #13,412
  • Aug 2, 2024 5:59am Aug 2, 2024 5:59am
Quoting Thtpro
Even though Gann never meant it like this - those envelopes visualise the term "Tunnel Thru the Air"!
This is what Gann meaned . I saw several charts ( not from Gann) linking Tops and Bottoms of Price Action and the guys made reference to Tunnel through the air

Anyway Gann never used Channels (neither as concept nor as tools)

Gann also has never used Moving Averages in his work
  • #13,413
  • Edited 9:19am Aug 2, 2024 6:23am | Edited 9:19am
In short it looked as this kind of Chart
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  • #13,414
  • Aug 2, 2024 6:33am Aug 2, 2024 6:33am
Quoting tmpascoe
{quote} First wave had about 40% underlying trend, second wave had 66% underlying trend......if the average influence from the underlying trend is 75% would it then be reasonable to assume there's likely (on average) to be another wave? A move to +2/8 would give an underlying trend of approx 75%. (with channel width of 2 1/2)
Terry this is an hypothesis to consider.

Underlying Trend develops as (within the Chart Price and Time Scaling) as Time flows.

Observe that there a relationship too with the Bottom Top Finder from Levine.

Similar concept. based on similar reasoning.
  • #13,415
  • Aug 2, 2024 10:39am Aug 2, 2024 10:39am
SP 500 Understanding the Doubling Effect within the Fractal of Price
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  • #13,416
  • Aug 2, 2024 10:58am Aug 2, 2024 10:58am
On this Long Term Mpnthly chart you can observe that Price fluctuates within the Price Range 0-5000

Then the Octave value is :

5.000 / 8 = 625
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  • #13,418
  • Aug 3, 2024 2:32am Aug 3, 2024 2:32am
Understanding the NASDAQ behaviour with simple Gann and Hurst concepts and tools !
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  • #13,419
  • Aug 3, 2024 2:50am Aug 3, 2024 2:50am
As observed by Elliott a 5-Swings Trend (Up or Down) is one of the most common pattern
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  • #13,420
  • Aug 3, 2024 3:12am Aug 3, 2024 3:12am
Envelopes allows you to determine the potential Amplitude of the Swings
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