Hi traders I don't observe a particularly reserved place for those ellipses in FF. Therefore I have decided for to start a thread in trading systems
Hi traders I don't observe a particularly reserved place for those ellipses in FF. Therefore I have decided for to start a thread in trading systems
VERY!!! Good food for thought. Thanks. Been thinking more about them because Auxesis had made some remarks about their effectiveness in trading. Might need to spend some time.
Hey Kapital,
Do you mind pulling the FibArcs on this chart using it to the same swing you started using...I hope that you still have this chart together with all those ellipses. These ellipses will be confirmed by curious to see how the Fib arcs.
FX4
Hello,
am a fan of your ellipse-and-grid drawings. Posts #118 and on display lots of prices reacting to them as s/r's.
Whether price reacts to them on their very own manner, or even the drawings trace a few of price into consideration of it to follow more of the very same drawings in the future, is a continuous battle in line-and-pattern chart study.
Often, I tend toward the latter, and it's refreshing to observe the way your charts do the former also.
In this light, I saw the additions below. Likely not relevant....
Kapital has an interesting idea, cross breed of forks,murray and pyrapoint. My studies were at the reflections of price action, possibly the reflection of this wave mapped by the fork, or at the reflection of a reversal point.
Most search for direct lines to ch price, but there is little in the way elliptical/circular studies... that if one could get a grasp on them, imho would put them ahead of the herd.
fwiw
That I could go deeper to the realm that is elliptical if I had drawing tools.
I'm trying to recall how exactly I drew (lol):
https://www.cliqforex.com/general-fo...nectivity.html
Alright Kapital,
This is my initial attempt. Not sure I did it exactly as you did. Also wasn't certain. Launched with the swing in pink that is the price move from Pivot two to 3 of the fork. From that ellipse, the one was placed by me up the fork with the centre on the ML and touching the first. The center of that ellipse became a place where I drew the line that was red along with the initial line. Interesting about the blue line we got a twist in TIME. Blue arrow shows an fork and ellipse transition point.
The blue horizontal lines are the Fib Arc lines. I drew in last. Pretty large arcs here as I was on an H4. Didn't plan the tiny design behind the scenes. . .the white areas. . .that just happened. Somebody is trading round the negative space of a design. . .just throwing that out there. .
What do you believe? Not seeing much from the view which is consistent with price the way I've attracted thembut it will provide some food for thought.
FX4