And so on
Analysis and Trading based on Envelopes, Waves, Cycles
- #13,825
- Edited 11:37am Nov 14, 2024 4:45am | Edited 11:37am
- Joined Oct 2017 | Status: Trader | 12,472 Posts
- #13,830
- Edited 11:32pm Nov 14, 2024 6:52pm | Edited 11:32pm
Rule 1 : There are no Cycles within Price Action, but Oscillations (Sinewaves) around a Long Term Trend Rule 2 : Areas above and under the Trend summed tend to Zero , ie to the mean , the Trend {image}
1. Determining the magnitude of the long term trend that you wish to trade (in this case the 512 CMA)
2. Determining the direction of that trend
3. Trading from the peaks and/or troughs of the oscillations around that trend line
Number 1 is probably the primary determiner of success.
ie. There's no point trading oscillations around a 1000 day CMA if you plan to be in and out daily.
- #13,831
- Edited 2:56am Nov 15, 2024 2:44am | Edited 2:56am
- Joined Jan 2015 | Status: Trader | 5,144 Posts
{quote} Successful trading is then based on 1. Determining the magnitude of the long term trend that you wish to trade (in this case the 512 CMA) 2. Determining the direction of that trend 3. Trading from the peaks and/or troughs of the oscillations around that trend line Number 1 is probably the primary determiner of success. ie. There's no point trading oscillations around a 1000 day CMA if you plan to be in and out daily.
ps
Would not mind seeing an actual chart of the 1250 Octave levels divided buy 1/8ths
