Thanks- one more question. Do I have to look for double tops and bottoms or is there anything else also that I am missing ? My next objective is to build envelopes like you do for which I know I will have to re- re - re - read your posts :-)

Trading Focal Points -- "A Leap Of Faith"...

Same instrument on 1 minute chart gave a similar pattern after some time. Only problem was the double top was much lower than expected. Again let me know if the understanding is correct. image

Trading Focal Points -- "A Leap Of Faith"...

After reading and re- re- re- reading your old posts I was able to see some light today and could predict the formation of the double top today in Nifty Bank (see chart and marked areas). Is this a correct reading ? image

Trading Focal Points -- "A Leap Of Faith"...

Hi Parisboy, I have constructed the MAs as per your model. I can also spot 2 convergences/ focal points in yellow circles. The current time frame - blue circle has no intersections since the MAs are all backshifted. So how does one take buy/ sell ...

Trading Focal Points -- "A Leap Of Faith"...

What prompted the long position and why did you exit ? Was the decision based on MA or envelopes ? Thanks

Trading Focal Points -- "A Leap Of Faith"...

The MA 16 and 256 crossings look very intuitive. However wouldn’t 256 have a massive lag of -128 ? Then how can one target a buy or sell on its crossing with MA 16 ?

Trading Focal Points -- "A Leap Of Faith"...

Hope I see the light some day. :-)

Trading Focal Points -- "A Leap Of Faith"...

Nifty today 5 min chart with Guppy crossing: image

Trading Focal Points -- "A Leap Of Faith"...

When you say "everything is linked"- what are you referring to ?

Trading Focal Points -- "A Leap Of Faith"...

Absolutely well said parisboy. However the fear is of doing it incorrectly and then paying the price. Hence the reliance on software. I have done countless courses and learnt hundreds of techniques so far- Elliott; Alligator; Gann; price action, ...

Trading Focal Points -- "A Leap Of Faith"...

Thanks I was just wondering how parisboy pulled it off in tradingview. I use your scripts/ indicators in mt4 - just trying to understand all the complexities :-)

Trading Focal Points -- "A Leap Of Faith"...

so this is drawn manually as an extension / projection ? Also these are just SMAs right and not centered averages ? thanks

Trading Focal Points -- "A Leap Of Faith"...

Also in the offset do I need to write the minus sign ? Thanks again

Trading Focal Points -- "A Leap Of Faith"...

thanks parisboy but these are not centered moving averages ? These are simple averages. Also how do you get them to project forward ?

Trading Focal Points -- "A Leap Of Faith"...

wow that’s nifty. I tried hard but couldn’t find centered moving averages on tradingview. I always wanted to build envelopes like you

Trading Focal Points -- "A Leap Of Faith"...

One of the many opportunities on Nifty today. The circle shows the crossing and the measuring tool shows the near equal move given by market.

Trading Focal Points -- "A Leap Of Faith"...

Wow parisboy the big daddy of cycles is here . Love your posts and your efforts in educating us whether it’s cycles, envelopes whatever. I try to read and understand your posts though I don’t succeed every time :-) Anyway coming to your point what I ...

Trading Focal Points -- "A Leap Of Faith"...

Attaching nifty 50 1 minute chart with 2 clear crossings

Trading Focal Points -- "A Leap Of Faith"...

Hi R4M do you still feel that Guppy provides better results. I am applying Guppy and traditional moving averages with offsets to Indian markets. Will post some charts shortly. But would love to hear from you. I was also reading a book by trading ...

Trading Focal Points -- "A Leap Of Faith"...

In most successful cases what I am seeing is that you are catching the downfall after wave 5 which is either wave a or wave c. The previous benchmark in most cases is also the top of a previous wave 5. A lot of strategies become successful the ...

V Pattern (Enjoy Your Sell)