Time and Price Forecasting

Very often you can observe this "void" between 2 series of Circles of Conflict

Within this "void" area Price Action goes UP or Down without Resistance

Longer term Gold chart. As long as 1485 area holds, good chance we see 1594 area

Hi Fundi,

so where did You have taken those numbers from? Any reading about it?

Thank You for explanation.

Regards.

For your information

DEALING WITH THE SCALE EFFECT

This is another highly significant factor when dealing with charts.
The kernel of the problem is that no chart is unique.
The time-price pairs that constitute the data on which the chart is based are unique.
Once established, they appear in your Wall Street Journal just exactly as they appear in “Friend Jack’s Journal,” 2000 miles away.

However, when you construct a chart of this data and Jack charts the same data you will sometimes have difficulty believing that the two charts describe the same stock.
In fact the significance of time-price relationships in a stock can be suppressed and /or lost if care is not use in the selection of scale factors!

Now, the time scale factor that you choose is simply the space that you allot on you chart to represent a particular unit of time (day ,week, etc.).
Similarly, the price scale factor is the spaced you allot on your chart to represent a specific unit of price (one-eighth, on-point, etc.).
Thus by choice of scale factor, a chart can minimize time effects while emphasizing price motion, or vice versa.

If you fix your time scale factor, you can accomplish the same results by varying the price scale factor..
Or you may select both so that you must stand yards away in order to see relationships without receiving a surrealistic effect.
Through compression of both scales, you can convey a sense of unimportance and insignificance for both time and price motions – hence of the stock itself!

The problem is thus seen as one in which you must first know what it is you’re looking for on a chart.
Then you must choose scale factors which optimize the ease of perceptivity of the desired information.

You will to want to experiment on you own in this area, but a few guidelines can be drawn:
1. Use daily charts for components with periods of 1 to 13 weeks (64TD)
2. Use weekly charts for components of 13 weeks to 9 Months (192 TD) in duration
3. Use Monthly charts for components of 9 Months (192 TD) and longer
4. In general, arrange the scale factors so that the price motion over the time period of interest forms a nearly square chart.

5. To suppress the effect of short components while emphasizing the longer ones, plot the price motion in less space while retaining the same scale factor for time.

6. To suppress the effect of long components while emphasizing the short ones, plot the price motion in more space while retaining the same scale factor for time

7. If a pattern you’re analyzing (a triangle, for example) seems insignificant to you, enlarge both price and time scale factors.

8. If you attention seems riveted on what you know are insignificant phenomena, reduce both price and time scale factors.

Chart services present a different version of the same problem.
In such charts, the space available is fixed, as is the time span covered.
This means that the time scale factor never varies from chart to chart and issue to issue.

At the same time, the price motion of all stocks charted by the service must be displayed in a fixed amount of chart space from the total time covered.

Thus a highly volatile issue will have a compressed priced scale (with all that this implies), and a sluggish issue will have an expanded price scale (with undue emphasis on short duration fluctuations). …

All of this means that the same types of… phenomena occurring in two different stocks charted in this manner require a shift in your thinking in order to effect the required same interpretation.
Either this, or one of the other of the two charts must be replotted.

… practice negating the effect of scale factor change from chart to chart…

From The Profit Magic of Stock Transaction Timing J.M. Hurst pg 165

LTC moves right down into its opposing quadrant as expected. Bringing time and price together in symmetry from the highs of the swing. Still looking for another move lower to the target quadrant. Also note it is following its own fractal very well

Looking for a similar type move in Eth. Time and price coming together here as well

Eos dropped straight down into its opposing quadrant as expected. Time and price meet once again.

Eurusd could be coming into an interesting level

Eth getting very close to where I am going to start picking up more

Same with Ltc, hoping to see close to $40, but I've had this level on the chart, from a time and price perspective for quite some time.

Eos is already there, still haven't picked any up yet though

Watching this 50% time zone and price zone

Possible turning point on oil next week. Overall I'm expecting to see it drift down to the lower level

Audusd coming into an interesting levels as well. We are at Q1 lows, and coming into a possible turning point

I read many of the post here regarding Gann, and since I have never worked with it I am moving like a turtle, while most of you are rabbits. Even so, what I have found is more than interesting. Working with MT4 though is tough with the scaling, but I have found using full page daily, squeezed to a certain scale, there is some accuracy. I have been studious in drawing the time square based on the swing high and low (arrows) and broke the time quadrants as best as possible. While it was ranging there were many opportunities also for shorter term swings.... Anyway, the 45 degree angle is fairly accurate...and the fan offered clear short signals as GBP fell from grace....and just 5 days ago another fine entry had I had this chart running....(incidentally right at yearly fib pivot S2 Failure) Anyway, appreciate what you have sent me Peter, really appreciate it....