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    Thread: Trading Envelope Layer

    1. #1
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      Default Trading Envelope Layer

      Hi All;

      I'm looking for trading possibility using envelope layer. To create the envelope layer is as follows:

      1. Open candle chart TF of 1 Hr
      2. Insert moving average indicator period of 30 put line color as yellow
      3. Add level of 20, 40, 60, 80, 100, -20, -40, -60, -80, -100 put line color as red and broken type.

      What I can see here is the price tend to hover at the layer (red line) before it bounce back up (if below yellow line) and bounce back down when it is on top of yellow line. It something like it hits Support and Resistance line. But of course it doesn't happen all the time.
      I would appreciate if any of our friends in this forum who could advise if there are any kind of suitable indicators that can be used with this chart so that we can make an entry with high winning possibility.


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      Default

      is this the same as moving average envelops ? and how about using double moving averages . will it have any effect on the system


    3. #3
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      Quote Originally Posted by lygoj View Post
      Hi All;

      I'm looking for trading possibility using envelope layer. To create the envelope layer is as follows:

      1. Open candle chart TF of 1 Hr
      2. Insert moving average indicator period of 30 put line color as yellow
      3. Add level of 20, 40, 60, 80, 100, -20, -40, -60, -80, -100 put line color as red and broken type.

      What I can see here is the price tend to hover at the layer (red line) before it bounce back up (if below yellow line) and bounce back down when it is on top of yellow line. It something like it hits Support and Resistance line. But of course it doesn't happen all the time.
      I would appreciate if any of our friends in this forum who could advise if there are any kind of suitable indicators that can be used with this chart so that we can make an entry with high winning possibility.

      okay diagram is well noted as we can all see that the trend is down so i hope it time to start selling this time around, i need a confirmation form the mate in the forum


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      Quote Originally Posted by ericnyamu View Post
      is this the same as moving average envelops ? and how about using double moving averages . will it have any effect on the system
      Basically it is a moving average envelops. I've tried to put two moving period for example 20 period & 30 period, but the chart will look very messy. Not only that they tend to cross each other especially during choppy market.


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      Quote Originally Posted by lygoj View Post
      Basically it is a moving average envelops. I've tried to put two moving period for example 20 period & 30 period, but the chart will look very messy. Not only that they tend to cross each other especially during choppy market.
      period of 20 & 30 is usually for the use of average envelopes should also look at the characteristics of the pair being traded as well as the effects of being in the news release, we often forget these things so that we only focus on indicators envelops without seeing the best time of appointment signal by itself envelops


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      Quote Originally Posted by lygoj View Post
      Hi All;

      I'm looking for trading possibility using envelope layer. To create the envelope layer is as follows:

      1. Open candle chart TF of 1 Hr
      2. Insert moving average indicator period of 30 put line color as yellow
      3. Add level of 20, 40, 60, 80, 100, -20, -40, -60, -80, -100 put line color as red and broken type.

      What I can see here is the price tend to hover at the layer (red line) before it bounce back up (if below yellow line) and bounce back down when it is on top of yellow line. It something like it hits Support and Resistance line. But of course it doesn't happen all the time.
      I would appreciate if any of our friends in this forum who could advise if there are any kind of suitable indicators that can be used with this chart so that we can make an entry with high winning possibility.

      I want to try this strategy but I do not understand how to use this layer envelope, can you help share the indicators or templates so I can try? Because I see this quite helpful when used for reversal trading strategies.


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      Quote Originally Posted by lygoj View Post
      Hi All;

      I'm looking for trading possibility using envelope layer. To create the envelope layer is as follows:

      1. Open candle chart TF of 1 Hr
      2. Insert moving average indicator period of 30 put line color as yellow
      3. Add level of 20, 40, 60, 80, 100, -20, -40, -60, -80, -100 put line color as red and broken type.

      What I can see here is the price tend to hover at the layer (red line) before it bounce back up (if below yellow line) and bounce back down when it is on top of yellow line. It something like it hits Support and Resistance line. But of course it doesn't happen all the time.
      I would appreciate if any of our friends in this forum who could advise if there are any kind of suitable indicators that can be used with this chart so that we can make an entry with high winning possibility.

      nice one but here market is really showing movement ...would be tough to apply when market is relatively slow or flat..just in 5 minute and 15 minute slab this way wont be much effective but in long term its really seems very nice ..will definitely give a try this way..thanks dude ...


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      this kind of indi can be found at the mt4 forum just look for fibo ratio bolinger band and it will shown the same pattern base on fibo ratio level but how to use is hard to understand it


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      Share the good. But what is the function of the addition of this indicator. Can you explain more detail again. because this was the first trade. I want to know more about the indicators that could make me profit. Thank you.


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      Quote Originally Posted by Riyan1988 View Post
      Share the good. But what is the function of the addition of this indicator. Can you explain more detail again. because this was the first trade. I want to know more about the indicators that could make me profit. Thank you.
      yes we really need to know the function of the additional evelop because its like i find it too much so can you try and give more explanation of this just for better understanding for the rest mate in the room


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