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

  • #61
  • Feb 9, 2009 8:33am Feb 9, 2009 8:33am
AUDNZD daily

This chart has some nice divergence forming... and my guess is... that within two days is a break to the downside....

However, that does not indicate a change in trend........ yet.... we will have to see.
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0048.png Size: 35 KB
  • #62
  • Feb 9, 2009 8:36am Feb 9, 2009 8:36am
I have not figured out how to place the circles....

Circles are Fibonacci with a value of 1, whereas ellipses are using fib values of .618, .786, 1.618 etc

Hopefully someone will post some info as to the value and placement of the circle as that may add a lot to the use of the tool.
  • #63
  • Feb 9, 2009 8:39am Feb 9, 2009 8:39am
Quoting Blaiserboy
AUDNZD daily

This chart has some nice divergence forming... and my guess is... that within two days is a break to the downside....

However, that does not indicate a change in trend........ yet.... we will have to see.
First i would say your MACD is wrong as we need crossover to confirm it. I will take a look at my AUDNZD dayly chart if my broker offers it.

edit: no divergence on my MACD.
  • #64
  • Feb 9, 2009 8:40am Feb 9, 2009 8:40am
Quoting Blaiserboy
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.....
Well as my trading is based on market geometry and patterns i see it as a usefull tool for our trading arsenal. But yes, confidence needs to be gained on these nice patterns.
  • #65
  • Feb 9, 2009 8:54am Feb 9, 2009 8:54am
Euro seems to be respected these ellipses very much. Check the symetry. It looks really sweet
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 90 KB
  • #66
  • Edited 9:51am Feb 9, 2009 9:19am | Edited 9:51am
Hi hussin !

Would you agree to these ellipses?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2009.02.09 16.17.gif Size: 24 KB
Click to Enlarge Name: 2009.02.09 16.51.gif Size: 34 KB
/ ... clarifying decisions ... /
  • #67
  • Feb 9, 2009 9:50am Feb 9, 2009 9:50am
USDJPY daily

I am experimenting with the circle....... attempting to line up the ellipse with the circle to see if there is some correlation between the circle and the ensuing trend.....
Attached Image (click to enlarge)
Click to Enlarge Name: daveM - snag -0050.png Size: 28 KB
  • #68
  • Feb 9, 2009 12:02pm Feb 9, 2009 12:02pm
Quoting Blaiserboy
USDJPY daily

I am experimenting with the circle....... attempting to line up the ellipse with the circle to see if there is some correlation between the circle and the ensuing trend.....
There is a huge correlation between circles and the ellipse. The circle is an ellipse. Moreover, ellipses can be created from concentric circles. An outer and an inner.

Attached chart are identical ellipses in both size and angle.
Attached Image
  • #69
  • Feb 9, 2009 12:08pm Feb 9, 2009 12:08pm
Quoting JR97
There is a huge correlation between circles and the ellipse. The circle is an ellipse. Moreover, ellipses can be created from concentric circles. An outer and an inner.

Attached chart are identical ellipses in both size and angle.

Thanks for that...

Back to class........!


Thanks again.....
  • #70
  • Feb 9, 2009 12:12pm Feb 9, 2009 12:12pm
Quoting JR97
There is a huge correlation between circles and the ellipse. The circle is an ellipse. Moreover, ellipses can be created from concentric circles. An outer and an inner.

Attached chart are identical ellipses in both size and angle.
What are you using to draw this piece of art? The regular ellipse or something else? I cant figure out =)
  • #71
  • Feb 9, 2009 12:14pm Feb 9, 2009 12:14pm
Quoting Blaiserboy
From my understanding.... the steeper the angle of the ellipse, the stronger the trend on exit.....

Let's keep drawing em and learning..!!
There is a direct correlation between the angle of the ellipse.. specifically the major axis to the major axis of the breakout (which can also be forecast with an ellipse.)

Chart below is from 2006, but is a good example of the concept. The trend lines shooting off from the end of the first ellipse are at specific angles to the first ellipse. Because the 1st ellipse is rather steep, price reacted in kind and followed the steeper forecast. This isn't 100% the case and that's why I project out 3 or 4 angles. Price will follow one of them.. just gotta figure out which one as it plays out.

Those angles are majorly important because price can follow them for quite a wise even after the ellipse has expired. (Growth ellipses can also occur that will be in direction proportion to the root... just bigger or smaller.) This is why I also used to use fib arcs as a measure.

The second chart shows the relationship between ellipses, circles, and the resultant triangle between mating minor axis.
Attached Image (click to enlarge)
Click to Enlarge Name: tp_22 Feb. 09.gif Size: 32 KB
Attached Image
  • #72
  • Feb 9, 2009 12:16pm Feb 9, 2009 12:16pm
Quoting Blaiserboy
AUDNZD daily

This chart has some nice divergence forming... and my guess is... that within two days is a break to the downside....

However, that does not indicate a change in trend........ yet.... we will have to see.
very good. thanks again for your post
i don't think that the ellipses will be interesting some traders !
  • #73
  • Feb 9, 2009 12:20pm Feb 9, 2009 12:20pm
JR97 is putting on a clinic for us....

He has been studying these for years. we are lucky to have his contribution.

Thanks so much
  • #74
  • Feb 9, 2009 12:25pm Feb 9, 2009 12:25pm
Quoting walb99
Hi hussin !

Would you agree to these ellipses?
hi bro
well come to you
i must say to you in the main working with ellipses can be hard also can be very comfortably . in that , this hardness and comfort have connection with you .
in the first time ,you must use form indicator of Zigzag with these inputs :
variable---------------value
Extdepth --------------12
Extdeviation-----------5
Extbackstep-----------3
  • #75
  • Feb 9, 2009 12:30pm Feb 9, 2009 12:30pm
hi RJ97
you agree for short signal by daily ellipse AUDNZD ?
  • #76
  • Feb 9, 2009 12:35pm Feb 9, 2009 12:35pm
Quoting JR97
There is a direct correlation between the angle of the ellipse.. specifically the major axis to the major axis of the breakout (which can also be forecast with an ellipse.)

Chart below is from 2006, but is a good example of the concept....
i think we must create a class of abstract mathematics for traders
  • #77
  • Feb 9, 2009 1:16pm Feb 9, 2009 1:16pm
Quoting hussin naiji
i think we must create a class of abstract mathematics for traders
It's called geometry. No need for abstract mathematics. At the most basic level ellipses are nothing but one of the conic sections you learned about in jr. high geometry class.

The circle, the square, the triangle. From there, it's the platonic solids and "sacred" geometry. Once you understand those then add time, rotation, and motion to your understanding. It's all related. Just gotta train the eye to see it. And once you see it, you'll wonder why you ever bothered with lagging indicators like MA's and all those 'optimized' oscillators out there that look fine and dandy on the left side of chart in the past and don't do diddly squat for the right hand part of the chart where it matters.
  • #78
  • Feb 9, 2009 1:34pm Feb 9, 2009 1:34pm
Current example of a mated ellipse and angle. The ellipse size of the current is probably not correct, but it's a decent start without doing a lot more analysis. Can you see the relationship between the previous angle and the current one?
Attached Image (click to enlarge)
Click to Enlarge Name: tp_28 Feb. 09.gif Size: 16 KB
  • #79
  • Feb 9, 2009 1:42pm Feb 9, 2009 1:42pm
Quoting JR97
Current example of a mated ellipse and angle. The ellipse size of the current is probably not correct, but it's a decent start without doing a lot more analysis. Can you see the relationship between the previous angle and the current one?
Nice chart JR97. I agree with you that its all geometry to the fullest. Looking at the chart you posted made me guess what would be your favourite trading plan if price get there. Could you ellaborate on this a little?

Regards,

B.
  • #80
  • Feb 9, 2009 1:48pm Feb 9, 2009 1:48pm
Quoting JR97
Current example of a mated ellipse and angle. The ellipse size of the current is probably not correct, but it's a decent start without doing a lot more analysis. Can you see the relationship between the previous angle and the current one?

I think that looks like 90 degrees....?
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