FX:AUDUSD   Australian Dollar/U.S. Dollar
996 24 15
This CLONING technique begins with a circle drawn around distinctive high /low swing points, then I placed a rectangle ( square             ) with the 4 sides touching the outer circle edges. I CLONED the rectangle/circle and placed them side by side. Diagonal trend lines are drawn corner to corner of rectangles and I also placed horizontal trend lines across all mid point of rectangles, in the process we end up with diamonds and triangle shapes. I have not used this particular technique before but after testing a few charts it looks promising. See below a chart of the EURO             , but on the EURO             chart I left out the circle CLONES. I have put 2 arrows on this chart showing 2 possible near term scenarios. I will be following this chart and others to see how things work out going forward using this technique. CLONING should be used with other analysis for confirmation.
nmike MOD
3 years ago
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littleriver nmike
3 years ago
Hi nmike. I really like the absence of bias in your cloning techniques. The lines and price present themselves and we are left to interpret. I have been playing with this a bit this morning. Putting the three points in a circle is a stroke of genius. Now , getting those three points in the circumference of the circle is a bit tricky. Do you have any tips on how this may be best done? As always, great job! Thank you for sharing your insights.
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nmike MOD littleriver
3 years ago
@littleriver good question, due to the nature of drawing circles it can be tricky yes ,you have to stretch the circle at different points , just try as best you can, does not have to align perfectly......here is Apple chart
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sublimares2
3 years ago
That is a nice technigue just so time- consuming. It looks like a mix between 2 Ganns methods. One is Gann Mesh and the other one slipped my mind. It could be a nice addition to TradingView such tools.
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Ryan Tyler
3 years ago
Nice Chart mates. You draw these by yourself or use any indi ??
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nmike MOD Ryan Tyler
3 years ago
@Ryan Tyler, I draw the initial set up manually, then I use the clone tool to add the rest of circles and boxes, trend lines are drawn manually
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Ryan Tyler nmike
3 years ago
Very good effort and nicely done. Good luck
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BEI
3 years ago
Now that's technical analysis! Amazing work!
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nmike MOD
3 years ago
..... interesting how a symmetrical triangle has appeared at CLONED trend lines
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sublimares2 nmike
3 years ago
nmike, I have an innocent question: are you a tech guy for TradingView? If so, I would have another question.

I have worked on this chart for a while- a tennis elbow technique chart :). What you have on your chart resemblances my chart. However, the question is: how much do you want such a time-consuming draw should reveal? The answer is: everything or almost everything. The tme frame of the chart is important.

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sublimares2 sublimares2
3 years ago
It might looks as a bunch of confusing lines but there is thinking and revealing behind them. Here is the same chart with interpretation.
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nmike MOD sublimares2
3 years ago
nice work :)
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nmike MOD sublimares2
3 years ago
hello sublimares2.. no I'm not a tech guy for TradingView. Yes I know it takes time to draw all those line and shapes, however the technique may still be useful by implementing it on shorter time lengths, in other words you don't have to draw the initial set up too far back in time and you don't have to clone the circles, here is what I mean
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sublimares2 nmike
3 years ago
Thank you for reply. You are an inspiration and the cloninc technique is a great idea. Keep up the wonderful work.
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Time2trade
3 years ago
Just found this great web site. First post. I saw your chart as soon as came here. And it spoke to me. Great work. Thanks for sharing. Knowing "when" to trade is key. Because when "time" is up, look out. Thanks again.
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Okay, now I am sold on this thesis; just fanstasic work! Sincerely, Beauty
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ForexPic.com
3 years ago
Wow very beautiful chart :)
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nmike MOD ForexPic.com
3 years ago
thanks
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RedStaR
3 years ago
This is definitely a technique that I've never came across before. It also looks and sounds good enough to work, since we all know how markets work in cycles and tend to repeat themselves.

Is there any reference to this technique or did you come up with it on your own?

Looks very interesting, and might have potential, Although I would venture that this works better in daily/weekly time-frames, to smooth out any price noises. Don't you agree?
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nmike MOD RedStaR
3 years ago
@RedStaR, this is my own technique,I got the idea that price movements and patterns more often then not rise and fall with equal distances(measured moves) and fractals have a lot to do with this technique.I do agree that it works best on longer time frames.There is more explanations on cloning and some sample charts on this link
TSLA CLONING targets (daily)
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How about using the Gann Box for these clones?
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Here is a historical chart with the DOWI I'm working on.
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QuantitativeExhaustion PRO QuantitativeExhaustion
3 years ago
Looking for confluence. Seems there is a strong correlation <90 with planetary-sun conjunctions/oppositions (Pluto, Venus, Jupiter, Uranus) and fibonacci/gann cycles. Observations thus far, gann/fibonacci confluence, gives us future support/resistance for price and time.
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nmike MOD
2 years ago
.... this Cloning analysis turned out reasonably well, only thing is that the ellipses do not maintain their position within the boxes so it's best to leave them out.....looks like price is heading down to about .80 near term

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nmike MOD nmike
2 years ago
....nicy:)
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