Time and Price Forecasting | Page 31 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gann angles forecasting Method and SHIBA INU 0 replies

All the Forecasting and Prediction indicators on the market? 18 replies

Economic Indicator Forecasting by Banks: Why and how 4 replies

Anticipation vs. Forecasting 0 replies

Neral Networks to perform technical forecasting 0 replies

Attachments: Time and Price Forecasting
Exit Attachments

Time and Price Forecasting

  • #601
  • Oct 23, 2019 11:01pm Oct 23, 2019 11:01pm
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 138 KB

i keep long on this pair..
  • #602
  • Oct 24, 2019 8:53am Oct 24, 2019 8:53am
Hi Traders, Please help me with following questions:
Q1. what is the difference between scale fixing a chart alone and scale fixing a chart to one by one?
Q2. What will be the problem when I use scale fixed chart alone to draw without making the chart to one by one scale fix?

TIA
  • #603
  • Oct 24, 2019 12:20pm Oct 24, 2019 12:20pm
I try to answer:
on metatrader I have a fix scale for every time frame...it means that there are X number of pips for Y number of bars.
So I can multiply, divide, subtract, add Price and Time.
For example the hypotenuse of the right triangle is given by two sides: one is the price and the other is time.
When you have found the RIGHT scale,you must write it on input of circle.
When you draw a square you can see that diagonal is exactly 45° even if you have ,for example 15 pip for 8 bars.....31 pips for 50 bars (these are random numbers....)
If you have a scale of 1 to 1,it means simply that you have 1 pip for 1 bar.
  • #604
  • Oct 24, 2019 12:26pm Oct 24, 2019 12:26pm
same chart of post n 591
Attached Image (click to enlarge)
Click to Enlarge Name: Anonimo.png Size: 55 KB
  • #605
  • Oct 24, 2019 12:37pm Oct 24, 2019 12:37pm
when you write 1 to 1...you can have a fixed scale for example 4 pips for 4 bars and the ratio is 1
  • #606
  • Oct 24, 2019 12:55pm Oct 24, 2019 12:55pm
Quoting parisboy
{quote} Offset Angles are just a scaling change. Most of our problems are linked to the question " What is the correct scaling I have to use ?" Jenkins offset Angles are just a translation of the 90° Vertical Axis Price of the N° difference between the 90° Axis and the Trend Angle. Then you apply the same translation to all others 1/8 th Angles. Utlisation rules are the same
Yeah I understand, with the offset angles, you are adjusting the plane of your angles to the plane of the chart based on the inclination leg... Wanted I wanted to ask, are offset angles better to use/give better results then staying in the standard horizontal/vertical plane? From my experience, sometimes they are, sometimes the other method (assuming the first leg is a 4x1 and work form there) works better. It's confusing.
  • #607
  • Oct 24, 2019 1:02pm Oct 24, 2019 1:02pm
Quoting usmanumar082
Hi Traders, Please help me with following questions: Q1. what is the difference between scale fixing a chart alone and scale fixing a chart to one by one? Q2. What will be the problem when I use scale fixed chart alone to draw without making the chart to one by one scale fix? TIA
With a one by one scale you get time and price equality. Some methods, for example arcs work only with this scaling because the arc represents the collection of points that are equal distance from the center (so time and price equality happens on the circumference of the arc).

If you could scale your charts one by one all the time arcs would be all you ever need to forecast the future. But often it is not possible so Jenkins and others worked out different methods that work on any scaling setting.
  • #608
  • Oct 24, 2019 1:05pm Oct 24, 2019 1:05pm
Since im stuck with Mt4 at the moment, using the Fib Fan is the key to scaling.....the Zero line (red from high to low in the square) represents the 45 degree (fairly close) in the Gann fan....the great part is the Fib Fan stays in place from 5 minute to 1 hour it stays put, whereas the Gann Fan changes position and it totally unreliable. In fact it is flawed..and should never be used on this platform....

But its not hard to see the trades and why they were taken...and look how support (circles) on those trades had they all been taken was clear and unambiguous. This squaring method suggested my Jenkins is a fine tool too keep in your tool box especially when day trading currencies like Cable.

ps...when constructing your box...use candle body as the high/low....not the spikes...makes a ton of difference in accuracy...
Attached Image (click to enlarge)
Click to Enlarge Name: little_square.png Size: 51 KB
  • #609
  • Oct 24, 2019 8:13pm Oct 24, 2019 8:13pm
Quoting carbonmimeti
I try to answer: on metatrader I have a fix scale for every time frame...it means that there are X number of pips for Y number of bars. So I can multiply, divide, subtract, add Price and Time. For example the hypotenuse of the right triangle is given by two sides: one is the price and the other is time. When you have found the RIGHT scale,you must write it on input of circle. When you draw a square you can see that diagonal is exactly 45° even if you have ,for example 15 pip for 8 bars.....31 pips for 50 bars (these are random numbers....) If you...
Thank you carbonmimet for the answer, so in the case of a fixed scale we can only have 45° which is correct with the fix scale 1 to 1 but other angles will not be in harmony with 45° angle since they are random, right?
  • #610
  • Edited 8:48pm Oct 24, 2019 8:28pm | Edited 8:48pm
Quoting majomember
{quote} With a one by one scale you get time and price equality. Some methods, for example arcs work only with this scaling because the arc represents the collection of points that are equal distance from the center (so time and price equality happens on the circumference of the arc). If you could scale your charts one by one all the time arcs would be all you ever need to forecast the future. But often it is not possible so Jenkins and others worked out different methods that work on any scaling setting.

True, Thanks majomember, here is what I found researching on circle/arc angle and square angle. MT4 Gann Fan uses the Arc angle (measured with protractor)and if you modified the Fib.Fan it gives the square angle. I think if the chart is correctly fix scale to 1 to 1 the MT4 GannFan is still a good tool.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 159 KB
  • #611
  • Oct 24, 2019 8:36pm Oct 24, 2019 8:36pm
Quoting Swede
Since im stuck with Mt4 at the moment, using the Fib Fan is the key to scaling.....the Zero line (red from high to low in the square) represents the 45 degree (fairly close) in the Gann fan....the great part is the Fib Fan stays in place from 5 minute to 1 hour it stays put, whereas the Gann Fan changes position and it totally unreliable. In fact it is flawed..and should never be used on this platform.... But its not hard to see the trades and why they were taken...and look how support (circles) on those trades had they all been taken was clear...
Yes Swede, I usually just scale fix the chart alone when using the quarterly FiboFan.
  • #612
  • Edited 8:59pm Oct 24, 2019 8:43pm | Edited 8:59pm
When a chart is scaled to 1 to 1 the angle of inclination of the first impulse works mostly correctly together with it harmonics/offset angle. The 353.3° also work nicely.
Maybe MT4 is intentionally not made to be scaled 1 to 1 easily. Other chart package are scaled 1 to 1 but paid while MT4 is free.
  • #613
  • Oct 24, 2019 11:53pm Oct 24, 2019 11:53pm
Quoting usmanumar082
{quote} Thank you carbonmimet for the answer, so in the case of a fixed scale we can only have 45° which is correct with the fix scale 1 to 1 but other angles will not be in harmony with 45° angle since they are random, right?
no....if you use 1 to 1 or other ratio,ALL angles are in harmony...45°...30°..15°...354.4

https://www.forexfactory.com/showthr...72196&page=346 post n 6920

https://www.forexfactory.com/showthr...72196&page=347 post n°6926
  • #614
  • Oct 25, 2019 6:29am Oct 25, 2019 6:29am
Quoting carbonmimeti
{quote} no....if you use 1 to 1 or other ratio,ALL angles are in harmony...45°...30°..15°...354.4 https://www.forexfactory.com/showthr...72196&page=346 post n 6920 https://www.forexfactory.com/showthr...72196&page=347 post n°6926

Thank you carbonmimeti for turning me back to that thread, earlier on my Gann studies I started with the Astrology aspect of Gann but I had to stop it for a while due to poor background in astrology then I embark on the mathematical and geometry aspect now here I am. By december 23 2019. I am going back to the astrology aspect too looking forward to M.S. Jenkins new Astrology and the stock market book I, II and III, then continuous integrating everything learnt.
  • #615
  • Oct 25, 2019 6:34am Oct 25, 2019 6:34am
Thanks to every everyone in the forum. Happy Friday and have a Happy Weekend.
  • #616
  • Oct 25, 2019 6:49am Oct 25, 2019 6:49am
Quoting carbonmimeti
{quote} no....if you use 1 to 1 or other ratio,ALL angles are in harmony...45°...30°..15°...354.4 https://www.forexfactory.com/showthr...72196&page=346 post n 6920 https://www.forexfactory.com/showthr...72196&page=347 post n°6926

Something similar to post #6926 https://www.forexfactory.com/showthr...7#post12541117
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB
  • #617
  • Oct 25, 2019 6:59am Oct 25, 2019 6:59am
Quoting usmanumar082
{quote} Thank you carbonmimeti for turning me back to that thread, earlier on my Gann studies I started with the Astrology aspect of Gann but I had to stop it for a while due to poor background in astrology then I embark on the mathematical and geometry aspect now here I am. By december 23 2019. I am going back to the astrology aspect too looking forward to M.S. Jenkins new Astrology and the stock market book I, II and III, then continuous integrating everything learnt.
but I had to stop it for a while due to poor background in astrology….me too!!
  • #618
  • Oct 25, 2019 7:10am Oct 25, 2019 7:10am
Quoting usmanumar082
{quote} Thank you carbonmimeti for turning me back to that thread, earlier on my Gann studies I started with the Astrology aspect of Gann but I had to stop it for a while due to poor background in astrology then I embark on the mathematical and geometry aspect now here I am. By december 23 2019. I am going back to the astrology aspect too looking forward to M.S. Jenkins new Astrology and the stock market book I, II and III, then continuous integrating everything learnt.

We have gathered some folks who want to buy the books aswell. 1k is to much for 1 person. According to Jenkins its his best book he swore not to publish but did.
  • #619
  • Oct 25, 2019 7:27am Oct 25, 2019 7:27am
Quoting The1Student
{quote} We have gathered some folks who want to buy the books aswell. 1k is to much for 1 person. According to Jenkins its his best book he swore not to publish but did.

Yes The1Student thats a bit expensive. Interested, where is your joint purchase located and how could I join?
  • #620
  • Oct 25, 2019 7:38am Oct 25, 2019 7:38am
Quoting usmanumar082
{quote} Yes The1Student thats a bit expensive. Interested, where is your joint purchase located and how could I join?
We are just a group of forum members (here on FF) who want to buy it toghether if we have enough people we can buy it togheter.
7 traders viewing now