Harmonic Analysis - page 109
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example on EURUSD chart 5 min:
4 hours cycle: input 24
2 hours cycle : input 12
input is ALWAYS half of cycle (4h are 48 bars on chart 5min)
don't forget that cycles sometimes last exactly 4h...sometimes a bit more...but when 4h is up and 2 h is down below zero line....you know that is starting the second 2h cycles up .
on chart 15m I follow 1 day cycle..11h+11h
input 44 and 22
example of ideal 4h cycle...2h+2h .....or whatever you want.....2 days cycle and 1+1 cycle
example on EURUSD chart 5 min: 4 hours cycle: input 24 2 hours cycle : input 12 input is ALWAYS half of cycle (4h are 48 bars on chart 5min) don't forget that cycles sometimes last exactly 4h...sometimes a bit more...but when 4h is up and 2 h is down below zero line....you know that is starting the second 2h cycles up . on chart 15m I follow 1 day cycle..11h+11h input 44 and 22
Thank you fore sharing carbon. I'll give a shot at the indicator and see how it treats me
example on EURUSD chart 5 min: 4 hours cycle: input 24 2 hours cycle : input 12 input is ALWAYS half of cycle (4h are 48 bars on chart 5min) don't forget that cycles sometimes last exactly 4h...sometimes a bit more...but when 4h is up and 2 h is down below zero line....you know that is starting the second 2h cycles up . on chart 15m I follow 1 day cycle..11h+11h input 44 and 22
carbon it is okay to use the indicator on higher time frames?
Carbon, could you guide us how to use the indicator? I don't know what to identify with the indicator. Thank you for taking your time.
carbon it is okay to use the indicator on higher time frames?
yes....I use the following:
1m chart with:
15 m cycle
30 m cycle
60 m cycle
120 m cycle
5m chart with:
2 h cycle
4 h cycle
8 h cycle
15 m chart with:
1 day cycle (I consider 22 h)
11 h cycle
30 m chart with:
2 days cycle about 44-45 h
2 days cycle about 52 h
60 m chart with:
3.5 days cycle
7 days cycle
14 days cycle
on daily chart I follow long cycle...60-120-250 days....
a very simple example:
AUDUSD chart 1m
at 12.00 pm (Rome time) there ie a low
at 14.00 p.m there is another low...very good entry long....but you can apply it to every time frame
2 h cycles is about 120-150 minutes...try yourself and tell me what you see!!!
a very simple example: AUDUSD chart 1m at 12.00 pm (Rome time) there ie a low at 14.00 p.m there is another low...very good entry long....but you can apply it to every time frame 2 h cycles is about 120-150 minutes...try yourself and tell me what you see!!!
Thanks carbon but could you post a picture as well so that I can grasp your explanation better?
when you understand that a new cycle begans?...when you see big cycle (120 m pink line) below zero line and little subcycle (1 h cycle green line below zero too!
when you understand that a new cycle begans?...when you see big cycle (120 m pink line) below zero line and little subcycle (1 h cycle green line below zero too!
Hmm I'm confused :/ I don't exactly understand use of the indicator :/ You said "cycle for time", okay but how do you utilize cycle and time for trading? What and when cycle and time could be a trigger for trading?