Hey fellow traders,
Guess who is back for round 2 of post shenanigans 😁. Today we will be discussing cyclic lines, which is a drawing tool provided by TradingView(whether you are using the free, premium or mooching off someone plan). It is under the head and shoulders, elliot waves, or cypher patterns tab. Hopefully you know your way, but if not, better get cracking at exploring every tab on tradingview(almost feels like a side quest).
Cyclic lines are powerful. It enables a trader to set two vertical lines at two different XY coordinates. Once the coordinates are established, there will be repeating vertical lines that appear an equal distance apart, and will appear in the future for as long as the drawing tool is active(Meaning you will probably see it on your 50th birthday, and if you made it past 50 in today's world my hat's off to you).
Now you are probably wondering why are they so important. Simple, it helps to answer the when. Several analysis will give you technical analysis on what is possible, make some pretty charts and throw in some big boy words/statements, but only a handful will answer the when. Questions revolving around time is difficult, and many fear being wrong and losing clout. The topic of time is interesting and valuable, when the thought sinks in that everything we do in life involves time.
What is the secret sauce? The krabby patty formula for using the cyclic line drawing tool? Some of you are trying to run before you even learned how to stand, so read the following article, then come back here so the next few lines make sense. www.tradingview.com/...518161-cyclic-lines/
Using cyclic lines can get tricky, since you can create a paradox of cyclic lines. It starts off something like "the 5 min cycle, within the 30 min cycle, within the 4 hour cycle, within the daily cycle" and now you get my drift. It is easy to get trapped in a mindset that any cycle for any given timeframe, could be where we are in present time, and could possibly be correct.
KISS(Keep It Simple, Stupid), meaning only use the cyclic lines on the 4D and weekly timeframes. Based on a few personal studies, this is how the cyclic lines drawing tool should be used…
- 4D cyclic lines should be used on tickers that have a history of moving fast; like a rocketship.
- Weekly cyclic lines should be used on tickers that are more slow; steady wins the race.
Positioning of the two XY points for a cyclic line, should be placed at the beginning when the ticker was thrown into any kiddy pool(Nasdaq, NYSE, Kucoin, etc). Typically what you are looking for is an obvious downtrend, uptrend; something that signifies a trend.
From here you practice. Whether you are trading a ticker or not, place cyclic lines on them, does not cost you a dime to do so. Knowledge is power, time to start feeding your noggin.
Guess who is back for round 2 of post shenanigans 😁. Today we will be discussing cyclic lines, which is a drawing tool provided by TradingView(whether you are using the free, premium or mooching off someone plan). It is under the head and shoulders, elliot waves, or cypher patterns tab. Hopefully you know your way, but if not, better get cracking at exploring every tab on tradingview(almost feels like a side quest).
Cyclic lines are powerful. It enables a trader to set two vertical lines at two different XY coordinates. Once the coordinates are established, there will be repeating vertical lines that appear an equal distance apart, and will appear in the future for as long as the drawing tool is active(Meaning you will probably see it on your 50th birthday, and if you made it past 50 in today's world my hat's off to you).
Now you are probably wondering why are they so important. Simple, it helps to answer the when. Several analysis will give you technical analysis on what is possible, make some pretty charts and throw in some big boy words/statements, but only a handful will answer the when. Questions revolving around time is difficult, and many fear being wrong and losing clout. The topic of time is interesting and valuable, when the thought sinks in that everything we do in life involves time.
What is the secret sauce? The krabby patty formula for using the cyclic line drawing tool? Some of you are trying to run before you even learned how to stand, so read the following article, then come back here so the next few lines make sense. www.tradingview.com/...518161-cyclic-lines/
Using cyclic lines can get tricky, since you can create a paradox of cyclic lines. It starts off something like "the 5 min cycle, within the 30 min cycle, within the 4 hour cycle, within the daily cycle" and now you get my drift. It is easy to get trapped in a mindset that any cycle for any given timeframe, could be where we are in present time, and could possibly be correct.
KISS(Keep It Simple, Stupid), meaning only use the cyclic lines on the 4D and weekly timeframes. Based on a few personal studies, this is how the cyclic lines drawing tool should be used…
- 4D cyclic lines should be used on tickers that have a history of moving fast; like a rocketship.
- Weekly cyclic lines should be used on tickers that are more slow; steady wins the race.
Positioning of the two XY points for a cyclic line, should be placed at the beginning when the ticker was thrown into any kiddy pool(Nasdaq, NYSE, Kucoin, etc). Typically what you are looking for is an obvious downtrend, uptrend; something that signifies a trend.
From here you practice. Whether you are trading a ticker or not, place cyclic lines on them, does not cost you a dime to do so. Knowledge is power, time to start feeding your noggin.