The HMA400/6.7 channel can be good for profit taking too

Islander and Medici trade the European open

To me the Hull MA is for identifying the homeruns, such as 5.30am this morning and 4.30pm and 6pm yesterday. It gives the confidence that a big swing is in the offing. Note also that the 6.7 ATR line has a function, such as around 4.30pm yesterday. ...

Islander and Medici trade the European open

In the new spirit of sharing I thought I'd share a favourite of mine. It's a 6.7 ATR channel around a 400 period Hull moving average, combined with candles coloured depending on whether they close above or below LWMA13. Two indicators - as simple as ...

Islander and Medici trade the European open

Oh, your presence here is most appreciated, and I have really enjoyed your posts I tend not to take things personally, so please feel free not to point out any areas for improvement on my part. And I believe Islander joins me in extending a ...

Islander and Medici trade the European open

Thanks, no, I wouldn't trade off a 15m chart What I like about this one is that it replicates the EMA800@1m together with the hourly EMAs, which gives a big picture view and allows for a bit of strategizing for the day.

Islander and Medici trade the European open

Many thanks for that Dave! I tinkered with it to fit my requirements and came up with this.It's a 15m chart.

Islander and Medici trade the European open

Thanks to Dave for valuable contributions I thought I should honour that by using the 30m chart to illustrate my trades today and over the past 5 days. Good evening to all

Islander and Medici trade the European open

Yes, of course, one may take many different points of view on this. And whatever works for you I am in support of. But I'm a bit puzzled about your reason for posting on this. Are you speaking hypothetically, or about yourself, or are you speaking ...

Analysis and Trading based on Envelopes, Waves, Cycles

Many thanks again, but I'm on a Mac Apologies for the inconvenience

Islander and Medici trade the European open

To answer your question: What you learn under extreme pressure is to handle extreme pressure. As an illustration, many years ago somebody I taught to trade was mightly pleased to have tripled his demo account in three weeks. So he decided to deposit ...

Analysis and Trading based on Envelopes, Waves, Cycles

Thank you again I don't have TMA on my platform. How different is TMA66 from EMA50?

Islander and Medici trade the European open

30m...that was easier than anticipated Turns out that the middle MA corresponds to EMA750 on 1m, so I've already got this covered Differently put, what you shared is virtually identical to what I do, but I have made the charts ...

Islander and Medici trade the European open

It turns out that I already have the indicator for this on my computer. And I actually use it on my 1m chart, but with most levels deactivated. When I get the time, I'll explore the value of this for 30m. Thanks again Dave

Islander and Medici trade the European open

Another day of bounty

Analysis and Trading based on Envelopes, Waves, Cycles

Thanks Dave, don't mind at all. Interesting with variations on the same theme, and always fruitful to explore. For my own trading, I've got to the point where I'm happy to stick to something that works. Gives peace of mind and reduces to cognitive ...

Islander and Medici trade the European open

For comparison.

Analysis and Trading based on Envelopes, Waves, Cycles

Today's action in NQ so far.

Analysis and Trading based on Envelopes, Waves, Cycles

For comparison.

Analysis and Trading based on Envelopes, Waves, Cycles

Add to that the EMA800 envelopes on 30m, and the case for a retracement is strengthened.

Analysis and Trading based on Envelopes, Waves, Cycles

Looking at my friend NQ, this is a critical area, which has proven to hold twice, and then was broken for a day with the Putin panic.

Analysis and Trading based on Envelopes, Waves, Cycles