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Sine Wave and Channel Reflection, Action/Reaction putting it all together

  • #61
  • Jun 1, 2011 3:34pm Jun 1, 2011 3:34pm
I posted some more examples in this thread:
http://www.forexfactory.com/showthread.php?t=148796
  • #62
  • Jun 2, 2011 2:05am Jun 2, 2011 2:05am
JR read those multiple times, drawn some inspiration from them however from where i'm standing and with my limited knowledge in the area, seems your ellipses are form fitted while i'm trying to find a somewhat repetitive nature of drawing them. the biggest issue is the proper way to keep the chart scaled, if you change the price scale you can modify the slope of the ellipse and the projected target... any thoughts on this?
  • #63
  • Jun 3, 2011 11:22pm Jun 3, 2011 11:22pm
Does anyone know of any free charting software which allows the drawing of ellipses with a diagonal orientation?
  • #64
  • Jun 4, 2011 12:57pm Jun 4, 2011 12:57pm
Quoting Bogdan Parascanu
JR read those multiple times, drawn some inspiration from them however from where i'm standing and with my limited knowledge in the area, seems your ellipses are form fitted while i'm trying to find a somewhat repetitive nature of drawing them. the biggest issue is the proper way to keep the chart scaled, if you change the price scale you can modify the slope of the ellipse and the projected target... any thoughts on this?
There are relationships between the ellipses that aren't form fitted. The axis lines between the ellipses have specific geometric relationships. The size/ratio of one to the next are specific geometric relationships.

To get them to work in mt4, you have to use the 1:1 ratio setup. Unfortunately, it's difficult to dial in and goes out the window altogether if your broker uses 5th decimal pricing.
  • #65
  • Jun 6, 2011 10:34pm Jun 6, 2011 10:34pm
Quoting Bogdan Parascanu
http://img692.imageshack.us/img692/5...usdweekly2.png
sometimes(enough times to make me wonder and start researching) price just seems to be confined in an ellipse ..
my quest/question is this: if price moves Ato B retraces b to C and expands the original move to D, the end of the expansion can be/it is on the same ellipse that connects the A B C
Bogdan,

Ellipses (imho) can spawn from either the reflection as JR has shown (there's much harmony, timing, angles, arcs and such in reflected waves) or as the completion of a sine wave, which would be seen as your CD. The reflection point instead of a normal reversal point would be the midpoint of BC.

Thoughts along these lines....fwiw.

regards,
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  • #66
  • Jun 6, 2011 10:45pm Jun 6, 2011 10:45pm
Quoting southernmind
Does anyone know of any free charting software which allows the drawing of ellipses with a diagonal orientation?
Regretfully, Have not found one.
  • #67
  • Jun 7, 2011 2:35am Jun 7, 2011 2:35am
have found merit in looking at the slope of AB to help with CD, not so sure about the ellipse that contains AB..have tried to think about price movement in 3d not just left to right. need to give some more thought on how the reflection from an ellipse affects the directionality. not sure i understand the "diagonal orientation of ellipses but MetaTrader 5 has a different way of drawing circles, ellipses that i found interesting
  • #68
  • Jun 7, 2011 5:32pm Jun 7, 2011 5:32pm
I'm not sure if it helps or muddies the waters, but think about what an ellipse represents in 3d. The simple version is a conic section. If you can understand that, then it' not too much of a stretch to see an ellipse as a section of a torus but viewed at an angle that is not straight on. Otherwise you get a circle. From there, a torus is just part of a vortex. Then you can visualize how the cycles are move in out of a 4d structure which when plotted on a 2d chart results in a price chart. Notice you can also see what amounts to a sine wave in the 2nd image.

http://www.smlib.com/Manual/DocImages/sil_torus1.gif

http://matagalatlante.org/nobre/feat...ng/torus.5.png

http://thescarletwoman.files.wordpre...lar_torus1.gif
  • #69
  • Jun 8, 2011 6:08am Jun 8, 2011 6:08am
Quoting Bogdan Parascanu
have found merit in looking at the slope of AB to help with CD, not so sure about the ellipse that contains AB..have tried to think about price movement in 3d not just left to right. need to give some more thought on how the reflection from an ellipse affects the directionality. not sure i understand the "diagonal orientation of ellipses but MetaTrader 5 has a different way of drawing circles, ellipses that i found interesting
Bogdan,

There's several ways to skin the proverbial cat regarding ellipses and circles. Jenkins described the use of circles to gauge measured moves (much like your assessment of relationships AB to CD being seen in an arcs edge drawn from AB and copied to CD), he also uses circles/arcs to define exhaustion of parabolic thrusts with amazing accuracy.

One of his favorite techniques is fold-back or mirrored images. The two applications of reflections, imho, involve wave terminations, the following movement will have mirrored aspects of timing, angles and boundary arcs drawn from the extremes. Likewise, price action unfolding in a sine wave or action/reaction will exhibit reflective properties from the midpoint of the BC. A good book to help with the basics of action/reaction mirrors, John Crane's Advanced Swing Trading........ from there you can build and incorporate your own additions of arc/ellipse/circles

regards,
  • #70
  • Jun 8, 2011 6:31am Jun 8, 2011 6:31am
what if cd extends??
  • #71
  • Jun 8, 2011 12:56pm Jun 8, 2011 12:56pm
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #72
  • Jun 8, 2011 12:59pm Jun 8, 2011 12:59pm
This chart and the one above are of the hourly EUR/USD.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #73
  • Jun 8, 2011 1:10pm Jun 8, 2011 1:10pm
Price had good interaction with the second ellipse. Maybe it (price) has unfinished business...or maybe not.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #74
  • Jun 21, 2011 6:29am Jun 21, 2011 6:29am
a reaction when price gets to touch the ellipse http://img857.imageshack.us/img857/8656/ymh4a.th.png went with the smaller chart this time ...sry about the first chart
  • #75
  • Jun 29, 2011 1:53pm Jun 29, 2011 1:53pm
Pivots were chosen through random testing.

Hey....all I can say is that it works.


Blue Arrows - drawing points
Yellow Arrow - pivot used when ellipse is shifted horizontally to the right
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #76
  • Jun 29, 2011 2:08pm Jun 29, 2011 2:08pm
Something I've noticed...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #77
  • Jun 29, 2011 2:16pm Jun 29, 2011 2:16pm
After price makes a confirmed reaction to some type of line (trendline, channel line, pitchfork, moving average), there are geometric shapes in these charts (as with the ellipses in my previous post) which price travels around or within to make it to its ultimate destination. Discovering them (in foresight) is a major part of the holy grail in trading.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #78
  • Jun 29, 2011 2:32pm Jun 29, 2011 2:32pm
...
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #79
  • Jun 29, 2011 3:31pm Jun 29, 2011 3:31pm
Quoting kapital
...
http://img37.imageshack.us/img37/9707/gbpjpym30.png


as for the previous post with the ellipses..sorta look like fractals, but not sure exactly how you came up with them..
  • #80
  • Jun 29, 2011 5:42pm Jun 29, 2011 5:42pm
Quoting Bogdan Parascanu
as for the previous post with the ellipses..sorta look like fractals, but not sure exactly how you came up with them..
The pivots were derived from just testing to see which ones would give a credible drawing.

What charting software are you using to draw the diagonal ellipses? What drawing points did you use? I need that capability like a fish needs water.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
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