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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

Quoting aptx
Hi Alain, Terry, I was reading an article by Millard in which he makes the following comment: {image} {image} Basically he says that price/ channel will continue to rise till the lower boundary of the channel catches up with the high made by the upper boundary of the channel. Is this correct ?
aptx <i was never impressed by Brian Millard methods.

IMHO Millard has no real trading methodology outside a classical reversal method.

In spite of that studying him is useful.

The Millard Chart you posted is very interesting, not in the way you think. This chart was generated by one of his computer program Sigma-P or Microvest.

This chart confirms everything I have already written on the subjec aebout scaling, trend and envelopes.

The Price Range is 60 points ( 100 - 40)
The Envelope width (amplitude ) is 16 points

60 points / 8 = 7.5 .

This is your Octave eate

Mollard Envelope = CMA XYZ +/- 7.5

Trend = roughly 70/75% of the upmove
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  • Last Post: Dec 11, 11:31pm (1 hr 9 min ago) Dec 11, 11:31pm (1 hr 9 min ago)
Quoting parisboy
{quote} Hi aptx seems to me a reshaping / revamping of Buy Low / sell High and/or buy on a retraacement or when Price reverse on the Lower boundary of the Channel We just wait that the CMA XYZ changes its direction see Terry's indicator {image}
I tend to agree with you. But its a very interesting statement and may not be made casually by someone of his learning/ background. Someone wont explain a statement with a diagram if he wasn't serious about it. Let me explore this further just for the fun of it.
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