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Time and Price Forecasting

  • #1,261
  • Edited 6:12am Jan 17, 2020 5:46am | Edited 6:12am
Quoting BWilliam
{quote} Swede, if price gets up to WPP 1.3100 on your chart sometime this week or next it's a good short level.
Quoting BWilliam
{quote} That's why I made this post earlier. If we use envelope we might well trust it. This 2nd probe at strong resistance may be a long haul though targeting 1.3100. {quote}
GU update
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Know what you trade
  • #1,262
  • Jan 17, 2020 10:29am Jan 17, 2020 10:29am
Looks like Euro in for a tough run south....poor economics, combined with strong US data and a lot of uncertainty combined to dump euro longs in favor of short. Thanks Peter for introducing me to Gann/Jenkins/Beck....I think this is the best trading chart I have used in 15 years....no brainer entries, no draw down to speak off and a strong roadmap to support/resistance....pretty much everything on the short side, only a couple longs at key areas....
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  • #1,263
  • Jan 17, 2020 10:48am Jan 17, 2020 10:48am
Need to thank Parisboy also, for giving me another perspective to chart this with envelopes....man I hate the look of these charts because they scramble my brain but then suddenly it all fits....I need to do a ton of study on this...but I know what I know about trading and this chart gives me a ton of information.....
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  • #1,264
  • Jan 17, 2020 10:55am Jan 17, 2020 10:55am
Thought of sharing an alternative way to draw an angle without much of the scaling issue, using Gann Line.

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  • #1,265
  • Jan 17, 2020 10:58am Jan 17, 2020 10:58am
Quoting Swede
Looks like Euro in for a tough run south....poor economics, combined with strong US data and a lot of uncertainty combined to dump euro longs in favor of short. Thanks Peter for introducing me to Gann/Jenkins/Beck....I think this is the best trading chart I have used in 15 years....no brainer entries, no draw down to speak off and a strong roadmap to support/resistance....pretty much everything on the short side, only a couple longs at key areas.... {image}
Swede, It wasn't that long ago Beck drove his Harley-Davidson from his home on the Beach in Southern California to Las Vegas so we could have breakfast together. Life is about the good times and good friends you meet along the journey of it. As Beck and I discussed then and as you are discussing now, we realize what was starring us in the face all along turns out to be the winning combination. Thanks Swede, as I have said all along, the keys to success are in this thread. How else can you make money sitting at home in your underware?
You NEVER will be the person you could be, without pressure & discipline
  • #1,266
  • Jan 17, 2020 11:13am Jan 17, 2020 11:13am
Quoting Swede
Need to thank Parisboy also, for giving me another perspective to chart this with envelopes....man I hate the look of these charts because they scramble my brain but then suddenly it all fits....I need to do a ton of study on this...but I know what I know about trading and this chart gives me a ton of information..... {image}
Yes Swede the envelope "marks" support and resistance nicely. Good trades today except for the bearish EU 21pips max drawdown due to weakness in USDX, entered early at the mid band bottom. Worth your time study envelope.
Know what you trade
  • #1,267
  • Jan 17, 2020 11:15am Jan 17, 2020 11:15am
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  • #1,268
  • Jan 17, 2020 11:16am Jan 17, 2020 11:16am
Speaking of Harley, I’ve owned a few, may favourite was the Heritage, but for a rocket ride the custom built hard tail got everyone’s attention. The guy who built is was a true biker, drove that thing without a windshield all the way from Lethbridge to Sturges, about 1500 miles. A year after he sold it to me he came back to visit, said his divorce was final and his accounts unfrozen, begged me to sell it back to him. I did, for the same price he sold it too me...I got the use of it for a year ha ha,
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  • #1,269
  • Jan 17, 2020 11:19am Jan 17, 2020 11:19am
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  • #1,270
  • Jan 17, 2020 11:31am Jan 17, 2020 11:31am
Notice :

a) Roughly AB = CD = Amplitude of the Enveloppe 256 Time Unit (orange)
b) BC = 50 % retracement UP
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  • #1,271
  • Jan 17, 2020 4:27pm Jan 17, 2020 4:27pm
Hello everyone.. that phrase made me remember your thread Peter.

"Not among those who don't know geometry, numbers rule the world".

Platão


  • #1,272
  • Jan 18, 2020 2:37pm Jan 18, 2020 2:37pm
Anyone on this site using the Michael Jenkins secret angle method? I came across an MT4 script which draws the 1/2 angles with a fib range of the angle
  • #1,273
  • Jan 18, 2020 3:22pm Jan 18, 2020 3:22pm
Quoting Aworex
Anyone on this site using the Michael Jenkins secret angle method? I came across an MT4 script which draws the 1/2 angles with a fib range of the angle
Aworex, let's try it..... I've used the Secret Angle for many years... It has a lot of merit...
You NEVER will be the person you could be, without pressure & discipline
  • #1,274
  • Jan 18, 2020 3:24pm Jan 18, 2020 3:24pm
Will upload it sometime tomorrow
  • #1,275
  • Jan 18, 2020 4:41pm Jan 18, 2020 4:41pm
Quoting Aworex
Anyone on this site using the Michael Jenkins secret angle method? I came across an MT4 script which draws the 1/2 angles with a fib range of the angle
See post 834....yes I see the value of at least the basics of the secret angle....there is much we can learn about it and thank you for posting...
  • #1,276
  • Jan 18, 2020 5:24pm Jan 18, 2020 5:24pm
Here you go folks, you need to place the file in the SCRIPTS directory of your MT4 folders . To use, navigate to the scripts folder and drag on to a chart and drag the trend line to you swing points , it will do the rest
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Attached File(s)
File Type: ex4 Michael Jenkins Angle Script v1.0.ex4   49 KB | 581 downloads
  • #1,277
  • Jan 19, 2020 5:43am Jan 19, 2020 5:43am
below is eurusd since day 1 of the year so in elliott terms completing an ABC working on the C currently and the a of C is done, next week is b of C then nice spike down and what is nice in that i already explained to you when to the exact hour this move will complete and the eurusd bull market will commence, did you want any fries too?
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twitter: @gettoefl
  • #1,278
  • Jan 19, 2020 5:49am Jan 19, 2020 5:49am
Hi again,

Also find attached a script that can be used to draw circles on MT4

Enjoy !!
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Attached File(s)
File Type: ex4 Circle Script v1.0.ex4   33 KB | 453 downloads
  • #1,279
  • Jan 19, 2020 2:34pm Jan 19, 2020 2:34pm
Quoting Aworex
Here you go folks, you need to place the file in the SCRIPTS directory of your MT4 folders . To use, navigate to the scripts folder and drag on to a chart and drag the trend line to you swing points , it will do the rest {image} {file}
Many thanks to you for posting the script!!!!...you know, there are many smart people out there who can develop such things but probably hardly use it in their trading activity. I have hand drawn many Secret Angles according to Jenkins parameters, and I know they work....what has always held me back is the difficulty doing this in mt4...and you handed me the solution like an unsolicited gift...lol.


For example, I lost some money on the chart below,,,why? Well, see the first rally up, I went long based on CNY strong data and the relationship to Aud....it had broke out of the sideways range, so i pulled the trigger......Had I been running this script I would have been watching the strength as it attempted to break the 50% of the down move line....I should have been looking for short, not long.....and this would have done its job.....
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  • #1,280
  • Jan 19, 2020 2:48pm Jan 19, 2020 2:48pm
My pleasure I have also been drawing my angles by hand using TradeStation with stocks but stumbled on the script by accident. Having read his books and squaring charts every day It’s time to take things to the next level
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