thread: Cycle Trading

I have been up because my kid awakened, so I checked on the triangle and got a good affirmed breakout entry and a fine exit for a fast 40 pips. The breakout of this triangle was right ona division of time.

The target was determined by using the space of the base of the triangle and it struck to the pip. I allow my exit is determined by my stop.

I also noticed a few ellipses. The base of this triangle was the root and the breakout shaped an identicle mate.

I just entered brief at 1.9848 on a division of time targeting 1.9815 and 1.9780 with a very tight stop at 1.9858.

My 1h Euro chart squared up near 270 levels of price and time and price responded shortly afterward moving up. However, my yellow forecast says to look for a shift in management, so I have a sell stop at 1.3510 just below a division of price and another at 1.3485 just below another branch. Goal is your 1.3400 area according to a trendline and a square foot. I normally don't like trading at the triangle creation, but there's some fantastic range there.

Following is a better image of that 1h chart. The apex of the triangle coincides with a prediction change of direction.

All four trades were profitable. I got from the pound on both positions at 1.9812 shortly after a branch of time. Actually, that would've been a good long entry, but I wanted to determine how price responded at the outer circle. When price runs to the out circle, at times it is going to run up till it's too steep and then drop hard. I'm still waiting on the curren triangle to perform out and select a direction.

Http://beginnertrader.com/forum2/img...1187788691.gif


For the euro, I got out following price bounced off a trendline and then ran right into a deadline. Again, a good time to go long, but now being in a tight range, I didn't think the upside had as good a potential. Price peaked at the upper trendline and turned around on a deadline on another chart. I'm short at 1.3475. Also notice how the forecast has a massive disturbance coinciding with the next branch of time. Could be nothing major since magnitude on the forecast doesn't always mean a whole lot. But it's interesting to see it line up with a time line.

http://beginnertrader.com/forum2/img...1187788737.gif

Euro stopped outside. I have to have had a stop.

Anywho, today is the day I've been watching for many week on the pound as stated in the fib pub count post over. Price has broken out of this triangle and operating up to time around the intraday charts. After I see a top, I'm going to setup a web and try let price activate the shorts on down the road. If Im wrong, ideally just 1 gets triggered for a reduction.

I believe that the indiions are there that I am right. Divergence on the square of nine oscillator, elliptical containment, etc.. I believe that the bust from this triangle is that the hook I mentioned before as well. I might be wrong, but that is why Im going and waiting to utilize market stops for in.

Hi JR97, I have always wanted to a single delve into Gann, but refuse to spend the poutlandish sums provided by so many businesses. Would you point me in the direction of any free items online to learn about squares ?

hi, I have always wanted to a single delve into Gann, but refuse to spend the poutlandish sums provided by so many businesses. Would you point me at the path of any free items online to learn about squares ?

Http://beginnertrader.com/forum2/index.php

Ive also been putting some of my own methods in detail in my blog. It is the url in my signature.

You don't require any pricey appliions. I started out with a gann wheel, but it sucks for FX because the amounts could be so big to work with. So I did a lot of my research from Excel. My blog goes over the specifics on how best to make a Gann kind grid in MT4 working with the inventory mt4 chart tools.

You don't even want Excel if you can learn how to work round the wheel. Here's a free online calculator that works.

http://xmlworks.com/gann/javascript/

Pip internet is set. If this works out, I will be holding for 3 times min. However, there's nevertheless some management involved. If a later entry looks like it may go into the red, I may close it and wait for re-enter.



This next one is a compressed 15 min. Chart showing a division of period coming up and divergence from the oscillator.

The Pound Ellipse failed. That rarely happens. Especially with that many points of contact. However, when the pattern does neglect the time mark usually holds which it looks like it might. Going back to a pure cycle wave depend method, I should have noticed that there was a contradictory sign with all the ellipse. Ironically, a Euro ellipse I had attracted going to the upside which I believed would neglect is playing out. I should have acted on the conflicting sign and the 2-1 vote against the pound. Fortunately, just one of those orders sparked for a reduction. That is the good thing about using stop and limit orders.

On further analysis the fib pub count did work. I just missed the hint to appear. I had been too involved in the pattern to believe otherwise. 7 of the 8 preceding bars were down and the previous bar was down, so why I had been looking to go short, is beyond me. The change was clearly going to be to the upside.

Should I get time, I will post some charts that all seem to be on precisely the same side this time. Squares of 144, more ellipses, and the dollar index.

Anywho, I have some short orders waiting on the other hand. On both pound and euro.

Good thread.
JR97, I notice an indior in a chart you posted in a different thread.Can you discuss with me, thank you!