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Time and Price Forecasting

  • #841
  • Dec 3, 2019 11:50am Dec 3, 2019 11:50am
NZD has been on tear lately...can you see where a nice entry may have been made on the long side...and where we may have a great shorting opportunity?
Attached Image (click to enlarge)
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  • #842
  • Dec 3, 2019 11:55am Dec 3, 2019 11:55am
Thank you!
  • #843
  • Edited 1:01pm Dec 3, 2019 12:12pm | Edited 1:01pm
Quoting Swede
GBP has been a tough mother to trade due to so much controversy regarding brexit, Johnson, election etc.....but even so, with you establishing a swing high/low, then drawing out your FIRST square, then drawing out trend lines at 1x1 1x2 1x3 etc you establish some probable trading opportunities on a with trend or counter trend......but to finish the job...square out the initial square by using the first squares perimeters....Now you have a roadmap for many opportunities both long and short.....this is a 4 hour chart and the swings are delicious when...
Swede, not much different then playing Pinball watching the ball bounce off each bumper....LOL A lot of this stuff makes a lot more sense once you start making money with it.
You NEVER will be the person you could be, without pressure & discipline
  • #844
  • Dec 4, 2019 3:46am Dec 4, 2019 3:46am
Ross Beck's Geometric Trading Course "What Moves the Markets?" Part 3 https://my.pcloud.com/publink/show?c...oUlguRFk9eQmck
You NEVER will be the person you could be, without pressure & discipline
  • #845
  • Dec 4, 2019 4:40am Dec 4, 2019 4:40am
Quoting makenas
{quote} Thanks a heap for this. Meanwhile am still learning, {image}
beautiful graphic.
  • #846
  • Dec 4, 2019 6:37am Dec 4, 2019 6:37am
Quoting DiamondMiner
Ross Beck's Geometric Trading Course "What Moves the Markets?" Part 3 https://my.pcloud.com/publink/show?c...oUlguRFk9eQmck
thanks for this series
  • #847
  • Dec 4, 2019 1:39pm Dec 4, 2019 1:39pm
hi Diamond or any one can answer this i am trying to draw this in the Euro daily i use a trend line to see the impulse is 68% then i draw a 34% median line
then i copy the median line and i put it in the upper line now i don't know how to make lower line to come 34% from the center line can someone give some indication how to go from here thanks i appreciate
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Trajn's.png Size: 70 KB
Click to Enlarge Name: Trajan's Pitchforks.png Size: 449 KB
  • #848
  • Edited 8:03pm Dec 4, 2019 4:40pm | Edited 8:03pm
Quoting jonica200
hi Diamond or any one can answer this i am trying to draw this in the Euro daily i use a trend line to see the impulse is 68% then i draw a 34% median line then i copy the median line and i put it in the upper line now i don't know how to make lower line to come 34% from the center line can someone give some indication how to go from here thanks i appreciate {image} {image}
Jonica200, You got it man...
Attached Image (click to enlarge)
Click to Enlarge Name: Trajans Pitchforks_.jpg Size: 1.5 MB
If for what ever reason it breaks below the lower parallel line add the Schiff Offset. See the Example below. Got it? I can see you've done your homework.....
Attached Image (click to enlarge)
Click to Enlarge Name: Schiff Offset.jpg Size: 52 KB
Or Apply the
Attached Image
Schiff Lines Modified
You NEVER will be the person you could be, without pressure & discipline
  • #849
  • Dec 4, 2019 7:03pm Dec 4, 2019 7:03pm
DXY... Short term target hit.

I don't think the $'s decline is finished but perhaps a pause here.


S.
Attached Image (click to enlarge)
Click to Enlarge Name: DXY Shark_Bat 12-03-2019.png Size: 128 KB
  • #850
  • Dec 4, 2019 9:30pm Dec 4, 2019 9:30pm
Ross Beck's Geometric Trading Course "Fundamental Versus Technical Analysis" Part 4 https://my.pcloud.com/publink/show?c...ackxguBSjqCwlk
You NEVER will be the person you could be, without pressure & discipline
  • #851
  • Dec 4, 2019 10:01pm Dec 4, 2019 10:01pm
Quoting DiamondMiner
Ross Beck's Geometric Trading Course "Fundamental Versus Technical Analysis" Part 4 https://my.pcloud.com/publink/show?c...ackxguBSjqCwlk
Ideal trader should utilize both technical and fundamental analyses.Most retail traders like TA because they are lazy(mentioned same in presentation agreed)....it takes time and effort to understand fundamentals but once understood it becomes easier and easier then second nature.
Example CNtrader appears to trade mostly TA however he is keenly aware of events and knows the calendar and often says "watching the behavior"
That's sometimes escapes from casual traders eyes.Anyway interesting presentation.
In trading, you have to be defensive and aggressive at the same time
  • #852
  • Dec 5, 2019 7:02am Dec 5, 2019 7:02am
Quoting DiamondMiner
{quote} Jonica200, You got it man...{image}If for what ever reason it breaks below the lower parallel line add the Schiff Offset. See the Example below. Got it? I can see you've done your homework..... {image}Or Apply the {image}Schiff Lines Modified
Thank you Dimond sorry for late reply i Live in italy so i don't see the post until next day i do have few more question if you may answer
from what i understand once i draw the median line like i did on my chart you use the Schiff Offset. even if the lower pivot is not made yet you just alignment the pitchfork to match the median line correct??
also want to ask what did you use to draw on my picture to match perfectly the pitchfork is that hand drawing or is programm
thank you very much i really appreciate
ps did any one see this news on new discovery on Leonardo
https://www.news1.news/2019/12/the-s...roportion.html
  • #853
  • Edited 9:01am Dec 5, 2019 8:49am | Edited 9:01am
Quoting Davit
{quote} Ideal trader should utilize both technical and fundamental analyses.Most retail traders like TA because they are lazy(mentioned same in presentation agreed)....it takes time and effort to understand fundamentals but once understood it becomes easier and easier then second nature. Example CNtrader appears to trade mostly TA however he is keenly aware of events and knows the calendar and often says "watching the behavior" That's sometimes escapes from casual traders eyes.Anyway interesting presentation.
Davit, in Forex I believe it's governed and manipulated by the MM. However, when it comes to Stock I do not believe that holds true as there are much more then >10K stocks trading five days a week, but yes one must be aware of both TA and Fundamental analysis in their decision making process, Thanks Davit
You NEVER will be the person you could be, without pressure & discipline
  • #854
  • Dec 5, 2019 8:54am Dec 5, 2019 8:54am
Quoting jonica200
{quote} Thank you Dimond sorry for late reply i Live in italy so i don't see the post until next day i do have few more question if you may answer from what i understand once i draw the median line like i did on my chart you use the Schiff Offset. even if the lower pivot is not made yet you just alignment the pitchfork to match the median line correct?? also want to ask what did you use to draw on my picture to match perfectly the pitchfork is that hand drawing or is programm thank you very much i really appreciate ps did any one see this news on...
Jonica200, I just use a pencil and a ruler and sometimes a protractor, you never need anything more then that.
P
You NEVER will be the person you could be, without pressure & discipline
  • #855
  • Dec 5, 2019 9:04am Dec 5, 2019 9:04am
Quoting DiamondMiner
{quote} Jonica200, I just use a pencil and a ruler and sometimes a protractor, you never need anything more then that. P
Thanks you do that for all your chart ? if yes how you manage to draw all your charts or you just copy and then you draw on the picture
thank you sorry if they seems stupid question i never did hand drawing thanks ciao
  • #856
  • Dec 5, 2019 9:32am Dec 5, 2019 9:32am
Quoting jonica200
{quote} Thanks you do that for all your chart ? if yes how you manage to draw all your charts or you just copy and then you draw on the picture thank you sorry if they seems stupid question i never did hand drawing thanks ciao
Jonica200, normally I use Optuma Charting Software. You can get it through me https://optuma.com/UFM as they give me credit and I just buy additional tools in their toolset. But, once you use that software and use the tool-set to the fullest (using the Beck, Jenkins or Gann tool-set), it will have an affect upon your decision making process on Entry and Exit.
You can never have enough Education. I know it cost money, but one thing I have learned long ago is: to be uneducated in any field, is the road to ruin. Trading is a business, if you are in business, you had better know everything there is about that business, because if you don't your opponent will. Trading is a Zero Sum Gain: meaning, one will take from the other.
You NEVER will be the person you could be, without pressure & discipline
  • #857
  • Dec 5, 2019 9:36am Dec 5, 2019 9:36am
Quoting DiamondMiner
{quote} Davit, in Forex I believe it's governed and manipulated by the MM. However, when it comes to Stock I do not believe that holds true as there are much more then >10K stocks trading five days a week, but yes one must be aware of both TA and Fundamental analysis in their decision making process, Thanks Davit
There is always manipulation ... and they can make good profits if at the moment of manipulation any of us are on her side ... this I say lucky in the trade...
By the way,
how is your health Peter?
  • #858
  • Dec 5, 2019 9:43am Dec 5, 2019 9:43am
Quoting DiamondMiner
{quote} Jonica200, normally I use Optuma Charting Software. You can get it through me https://optuma.com/UFM as they give me credit and I just buy additional tools in their toolset. But, once you use that software and use the tool-set to the fullest (using the Beck, Jenkins or Gann tool-set), it will have an affect upon your decision making process on Entry and Exit. You can never have enough Education. I know it cost money, but one thing I have learned long ago is: to be uneducated in any field, is the road to ruin. Trading is a business,...
thanks Dimond i agree with you about Education and to know as much you can about the business i am on that road planning to get the software next year at the moment i am doing lots of reading thank you
  • #859
  • Edited 10:14am Dec 5, 2019 9:59am | Edited 10:14am
Quoting Marcieny
{quote} There is always manipulation ... and they can make good profits if at the moment of manipulation any of us are on her side ... this I say lucky in the trade... By the way, how is your health Peter?
Marci, I am getting better everyday, thanks for asking. It's people like you that make the World a Difference. In the end, we all will be remembered by our Thoughts, Words and Deeds, especially you.
P
You NEVER will be the person you could be, without pressure & discipline
  • #860
  • Dec 5, 2019 10:26am Dec 5, 2019 10:26am
Quoting DiamondMiner
{quote} Marci, I am getting better everyday, thanks for asking. It's people like you that make the World a Difference. In the end, we all will be remembered by our Thoughts, Words and Deeds, especially you. P
Very Good Know.

You and your family are in my prayers!!!
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