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Attachments: the ellipses from hussin naiji's view
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the ellipses from hussin naiji's view

  • #41
  • Feb 6, 2009 1:47pm Feb 6, 2009 1:47pm
Quoting JR97
3 Identical Ellipses. Charts must be scaled for these to work.
hi JR97
in the first time i thanks you for your time and post in this tread
what is point of view about thin and long of ellipse ?
when if major axis is same with minor axis in a ellipse that i think this form show us a wide and fat of ellipse , whether you agree with a thin of ellipse or a wide of ellipse in high reliability?
also what is tf in your chart ?
best regards
hussin
  • #42
  • Feb 6, 2009 5:28pm Feb 6, 2009 5:28pm
Chart below is the current ellipse adjusted.
Attached Image (click to enlarge)
Click to Enlarge Name: tp_15-feb-06.gif Size: 37 KB
  • #43
  • Feb 6, 2009 5:47pm Feb 6, 2009 5:47pm
Quoting hussin naiji
hi JR97
in the first time i thanks you for your time and post in this tread
what is point of view about thin and long of ellipse ?
when if major axis is same with minor axis in a ellipse that i think this form show us a wide and fat of ellipse , whether you agree with a thin of ellipse or a wide of ellipse in high reliability?
also what is tf in your chart ?
best regards
hussin
TF in my chart is 30 min. compressed and scaling set 1 to 1.

As far as thin and long goes, that is usually an issue of chart scaling. It doesn't have to be 1 to 1. It just needs to be consistent. So it's possible to use a weekly chart, find an existing ellipse in the past, set the scaling to fixed (I will manually set a range of x pips), and then go forward to find mating ellipses. But also be aware that ellipse can contain ellipses. So adjusting the time frame can reveal smaller ellipses nested within a larger one.

The length can also be determined by relating the ellipse to other structures such arc vectors, triangles, etc.

Another thing is that all ellipses have mirrored mates. The mirrored mate isn't always the same size and angle. But it will usually be at a harmonic angle and harmonically proportioned in size. Experiment with that.
  • #44
  • Feb 7, 2009 10:15am Feb 7, 2009 10:15am
AudCad daily

On this one the move has already happened (breakout from the ellipse)
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0041.png Size: 29 KB
  • #45
  • Feb 7, 2009 10:31am Feb 7, 2009 10:31am
EURUSD daily

Although this is starting to break out of the ellipse to the upside, I feel we would need conformation before considering it to be a valid long....
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0042.png Size: 31 KB
  • #46
  • Feb 7, 2009 12:16pm Feb 7, 2009 12:16pm
I was asked this concerning my ellipse chart:

Quote
JR97 this means that the euro will go down to fill the third ellipse like the other two?

My reply:
Not necessarily. I'd look for price to drop to at least the top of the circle and possibly the minor axis. The top of the circle is around 50% of the move up. It's also 61.8% down from the top of the ellipse.

If you extend the minor axis to the left, it's pretty close to the bottom of the previous ellipse. So that line is probably a strong level of support. Another factor to consider is to gauge the amount of time the termination of the ellipse is from current price. For price to hit the bottom of the ellipse, it would need to move a signifcant distance in a shorter amount of time compared to the previous ellipses. That doesn't mean it's not possible because I've seen rockets out of no where fill an ellipse. But it might not be the most probable.

The termination also provides an excellent target for time, though. I like to draw a vertical line from the termination point and wach for a market reaction at that time line.
  • #47
  • Feb 7, 2009 12:42pm Feb 7, 2009 12:42pm
How can we draw such elipses on the MT4? The original ones are filled with selected colour.


Quoting JR97
I was asked this concerning my ellipse chart:



My reply:
Not necessarily....
  • #48
  • Feb 7, 2009 12:49pm Feb 7, 2009 12:49pm
Quoting belekas
How can we draw such elipses on the MT4? The original ones are filled with selected colour.
Uncheck the "background" box in the ellipse properties.
  • #49
  • Feb 8, 2009 6:36am Feb 8, 2009 6:36am
Quoting JR97
Uncheck the "background" box in the ellipse properties.
Thank you.
  • #50
  • Feb 8, 2009 7:30am Feb 8, 2009 7:30am
This is a very interesting subject ,I have never heard of such charting,it actually looks a bit complected with all those numbers on the chart etc etc,but I will follow to my best ability,

Thanks For Sharing

Tony
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #51
  • Feb 8, 2009 6:10pm Feb 8, 2009 6:10pm
GBPJPY daily
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0045.png Size: 25 KB
  • #52
  • Feb 8, 2009 6:18pm Feb 8, 2009 6:18pm
GBPUSD daily

(I should have had these posted a few days ago, I had some data problems... fixed now, I should be able to have these up before the move)

Usually, price breaks out of the ellipse immediately showing the new direction.... the trick with these is to get some alternative touches to contain the waves.

As I am new to this, I will appreciate all comments.... and we will all benefit.

Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0046.png Size: 23 KB
  • #53
  • Feb 9, 2009 12:46am Feb 9, 2009 12:46am
Alot of time i have observed soemthing like round bottom/top or vice versa and i knew there was some cycle pattern right there. Your elipses thread really opened my eyes on this one hussin naiji. Cheers and will try to post when something hot pop's up
  • #54
  • Feb 9, 2009 12:47am Feb 9, 2009 12:47am
Quoting Blaiserboy
GBPUSD daily

(I should have had these posted a few days ago, I had some data problems... fixed now, I should be able to have these up before the move)

Usually, price breaks out of the ellipse immediately showing the new direction.... the trick with these is to get some alternative touches to contain the waves.

As I am new to this, I will appreciate all comments.... and we will all benefit.

Good looking chart Blaiserboy. Keep them comeingCheers
  • #55
  • Feb 9, 2009 3:00am Feb 9, 2009 3:00am
Looks like euro trading inside a potential ellipse but also might be building a triangle. Is my drawing correct and makes sense to you guys? If so how would you trade it. Personally i would try to hide my stop just below upper triangles border incase of bullish breakout. Not famylier with ellipses. Thanks you in advance =)
Attached Image (click to enlarge)
Click to Enlarge Name: euro.jpg Size: 87 KB
  • #56
  • Feb 9, 2009 6:38am Feb 9, 2009 6:38am
Quoting belekas
Alot of time i have observed soemthing like round bottom/top or vice versa and i knew there was some cycle pattern right there. Your elipses thread really opened my eyes on this one hussin naiji. Cheers and will try to post when something hot pop's up
hi belekas
thanks
but i think your eyes were open but you have not pay attention to ellipses.
it is safe to say ,the ellipses are useful and powerful trading tool.
well come you for the world ellipses
i like more see you here
best regards
hussin
  • #57
  • Feb 9, 2009 6:44am Feb 9, 2009 6:44am
Quoting belekas
Alot of time i have observed soemthing like round bottom/top or vice versa and i knew there was some cycle pattern right there. Your elipses thread really opened my eyes on this one hussin naiji. Cheers and will try to post when something hot pop's up
I think you are quite correct....... when it breaks through the ellipse.. trade in that direction..

From my understanding.... the steeper the angle of the ellipse, the stronger the trend on exit.....

Let's keep drawing em and learning..!!
  • #58
  • Feb 9, 2009 7:46am Feb 9, 2009 7:46am
Quoting hussin naiji
hi belekas
thanks
but i think your eyes were open but you have not pay attention to ellipses.
it is safe to say ,the ellipses are useful and powerful trading tool.
well come you for the world ellipses
i like more see you here
best regards
hussin
Thank you brother. And i hope to see you sometime at my journal where im trading nothing but pure price patterns all the way. Im a big believer in market geometry so these shapes makes sense to me. I will be looking forward in posting and discussing some ellipses once we get some valid formations on our charts.

Cheers.
  • #59
  • Feb 9, 2009 7:49am Feb 9, 2009 7:49am
Quoting Blaiserboy
I think you are quite correct....... when it breaks through the ellipse.. trade in that direction..

From my understanding.... the steeper the angle of the ellipse, the stronger the trend on exit.....

Let's keep drawing em and learning..!!
Euro seems managed to break the ellipse and the triangles upper border and is going up towards resistance at 1.3066 Im still observing these ellipse patterns but from what i can see there is potential in them. Lets see how far it wants to go. Breakout happened while i wasnt at my trading desk. No hard feelings as better trade around the corner
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 88 KB
  • #60
  • Feb 9, 2009 8:30am Feb 9, 2009 8:30am
Agree re Eurusd....... I opened a 30 minute chart and there was a lot of nice green bars...... but I missed it..lol

It will take us a lot of practice with this before we gain confidence.....
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