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Originally Posted by ist
Cowan and Michael Jenkins. Cowans contribution is the concept of Price and Time vectors. Much of this is quite esoteric, though so is Iris`s thread....
Also see this blog which doesnt appear to be active no more. htt tp://www.4xcycletrader.com/
While there sure are geometrical patterns and some adhere to elliptical patterns, the hardest thing is to predict the direction/slope of the new ellipse. As for my ellipses - I dont trade them yet but keep watching and learning. The equiliateral triangle is key and ellipse of 1:2 ratio corresponds to this.
cheers |
Jenkins' stuff is much more usable on the surface than Cowan's imho, Cowan's takes some study. On any vector points a to b the triangle formed is subject to scale, as bars (time) x price changes depending on the time frame being used. (there are several studies from different authors on this subject for the perfect chartiing time, but the object is to square the chart for percise time/price calculating.
Imho, there's a lot of weight that needs to be given on the hypotenuse of the triangle... which is equal to a 1:1 arc intersecting the horizontal level of point A. Square the chart and that measure ( in a fib ratio? ) should hold some key to any time spiral projected.
fwiw,
b