help understanding price and time cycle
help understanding price and time cycle
so i watched the video and i just want to make sure im understanding this
say im looking at a chart its trending upward and at a point of small consolidation/pullback using the example in the video i count 4 expansions and 4 pullbacks
price cycle count - the pips of each expansion and divide by 4 and the total is the average price cycle in pips projecting to the upside
time cycle- how many candles in each expansion and divide by 4 to get the average time it will take for it to complete that cycle projection to the upside
all this to determine tp
the same for the pullbacks to determine the stop loss
look at what i have and determine if the risk to reward is acceptable in entering the trade
if either the price cycle or time cycle isnt met as calculated above the validity of this is in question so if time cycle is met but price isnt yet its time to decide how secure profit ie trailing stop closer or exiting completely
???
thanks
Yep. You got it. It's an average of the size of a number of prior moves and and average of the time it took for those moves to complete.
Thank you boss_hogg
If you get the time watch Nate's baseball.
https://apiaryfund.com/forum/time-cycle-and-price-cycle
From throm the Library;
https://apiaryfund.com/training/glossary/price-cycle
https://apiaryfund.com/training/glossary/time-cycle
Very helpful question