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Channels - Trendlines - Fiboancci - All Time Frames

  • #1
  • First Post: Jan 27, 2007 11:22am Jan 27, 2007 11:22am
Welcome to the realm of nonlinear dynamics....
that's all for now, now for some charts!!
  • #2
  • Jan 27, 2007 11:32am Jan 27, 2007 11:32am
This is a Fibonacci Channel which is anchored with murrey mathematics. Very useful in determine multi-time frame Elliot Wave analysis...

argh... having a hard time uploading charts with good quality, probably use imageshack. charts to come...
  • #3
  • Jan 27, 2007 1:47pm Jan 27, 2007 1:47pm
topost images directly.....once you have selected the image check the resize box, select 480 x 600 (or whatever you want but remember FF has a size limit of 600 x 600 for these)
then on the paage that you choose the file from use the very bottom selection "direct link to image"
thats about it..
Same Whore .... Different Dress
  • #4
  • Jan 27, 2007 3:31pm Jan 27, 2007 3:31pm
uh, aren't they included with metatrader? lol

Right click on your chart, go to save picture as. and save it as gif.
  • #5
  • Jan 27, 2007 3:38pm Jan 27, 2007 3:38pm
Nage,

How did you get the fib lines within the pitchfork on MT? My Esignal does that, but I like to use MT as well and I have no idea how it's done. I'd appreciate it if you let me know.
  • #6
  • Jan 27, 2007 4:51pm Jan 27, 2007 4:51pm
I coded it... I will send to you. Yup I use @ esignal as well....
  • #7
  • Jan 27, 2007 4:54pm Jan 27, 2007 4:54pm
thats how I cap most of my stuff, but the resolution sucks, and with my type of charting you can not see it good enough with .gif

with a .bmp the size of the file is to big, it needs to be magnified better, but if i zoom it I loose the context of the 5wave sequence
  • #8
  • Jan 27, 2007 5:10pm Jan 27, 2007 5:10pm
I have had the same problem with charts as well. The best I could come up with was .zipping the files and attaching it to the post. It's more cumbersome for the folks reading your post but the picture quality is much better.

Jeffrey
  • #9
  • Jan 28, 2007 9:37am Jan 28, 2007 9:37am
Quoting NAGE
I do not want to talk to much about this... but every board must cover this sort of topic imo


I risk 1% per trade, now I do not change that 1% risk on the amount of pips, simple addition, subtraction, multiplication, and yes the most important compound interest is all you need.... If you do not understand compound interest, you must learn or quit forex, its just that simple....

Anywho, anything < Daily trade, in terms of time chop fractal, which means
| daily in time not price | ... no matter what time frame I am actually using, period separators, I can not stess it enough, I use 1% rule

Weekly 2%,

Monthly 3%

....back to fibo tools...
Hello,
your are talking about very intersting things. I'am a real newbie in trading and i have a qestion concerning he risk you accept. Did you mean above you can cary a trade, initiated on H1, during a month since it did not reached the 3% of risk. My english is poor. So sorry if i didn't understand well what you wrote.
Rien ne sert de courir il faut partir à point.
  • #10
  • Jan 28, 2007 11:11am Jan 28, 2007 11:11am
Nage,

Thank you for starting this thread. With all the new traders looking for the latest hot system only to drop it when it starts losing and embark on the endless, fruitless search for the illusive "Holy Grail"... this is a breath of fresh air!
Most traders dont learn this information and are taking trades blindly following an MA cross or something simple without looking at the big picture.

New Guys.... This info can be incorporated into any system you are currently comfortable with. Do this analysis first. Then when it lines up with a signal from your current system, take the trade. When your system gives you a signal contrary to this information, dont take the trade. It is likely a false signal!

I encourage this thread and will be following and learning from it as well!

Thanks Nage!

Bagovino
"Skills pay the bill's!"
  • #11
  • Jan 28, 2007 12:28pm Jan 28, 2007 12:28pm
Hey bago,do you still trade the 5/12 ema cross on the 1 hr chart? thanxs.
  • #12
  • Jan 28, 2007 12:33pm Jan 28, 2007 12:33pm
Have a question for you on the gbpusd daily chart. Which would be point A and which line should be viewed as the median line. The red one are yellow one, depending of course which is point A.
Attached Image
  • #13
  • Edited 2:46pm Jan 29, 2007 11:55am | Edited 2:46pm
Interesting stuff Nage.

As I understand, the idea here is to create a multi-time grid (month, week, day,
or whatever your horizon may be) based on inflection points (fractals) to find
trades inside the grid. For that we use Fib Channels (for the MMath thing),
pitchforks, WWs ...

Am I getting there?

Something else, could you please be so kind to send me the pitchfork-fib tool for MT?
  • #14
  • Jan 29, 2007 1:45pm Jan 29, 2007 1:45pm
What i understood:
Mister Nage drew a yearly channel based on week candlesticks. He used for this a kind of fibo equilateral channel (some use the same in SRDC : Q1, Q2 ...). From here he drew a fork based on day candelsticks, this fork has a lenght of about 6 months. IN this fork he drew an other fibo channel for december and linked january to this with a new bullish fork. He has detemined a fractal pivot point, but it's not clear to me how all this is linked...i'am just a noob.
I don't konw why but i luv this stuff.
Rien ne sert de courir il faut partir à point.
  • #15
  • Edited 8:55am Jan 31, 2007 8:44am | Edited 8:55am
There´s a clear downward pitchfork on cable and price just touched the median line. Nage in what timeframe you make your entries??

http://img185.imageshack.us/img185/2...7094117tg7.png
Johann Channels and cycles are everything
  • #16
  • Jan 31, 2007 1:41pm Jan 31, 2007 1:41pm
Difficult for me to draw a bull trap (it seems to be broken: news realease may be ??
Attached Image
Rien ne sert de courir il faut partir à point.
  • #17
  • Jan 31, 2007 2:05pm Jan 31, 2007 2:05pm
May be the best path is the gray one??
Ps: to load charts in MT : File->Save as picture-> Active chart (as is). In FF->attachements etc...
Attached Image
Rien ne sert de courir il faut partir à point.
  • #18
  • Edited 2:42am Feb 1, 2007 2:15am | Edited 2:42am
Ok Big spike on daily chart and price returns to upward pitchfork in green. Seems like cable is in uptrend again.

http://img185.imageshack.us/img185/7...7031206gy9.png
Johann Channels and cycles are everything
  • #19
  • Feb 1, 2007 2:36am Feb 1, 2007 2:36am
Quoting NAGE
Finally, getting to your point, if I were to select or anchor my fork on 3points, obviously in hindsight we can use any 3 points, but the key is what swing were you going for?

If you were going for January swings down I would choose to select this chart, after we see our structure broke previous charts vectors fro the last post, we would shift gears into the now...

http://img260.imageshack.us/my.php?i...h4forkshj3.gif
Tragapips, I'm confused now. This was Nage's last chart posted for the pound/usd pair.

Hope he can clarify that.
  • #20
  • Feb 1, 2007 2:41am Feb 1, 2007 2:41am
Another great thread, good on you...

A
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