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Time and Price Forecasting

  • #1,621
  • Jan 30, 2020 9:11am Jan 30, 2020 9:11am
Quoting fundiwambao
{quote} Today morning I drew a quadrilateral on and, formation-wise, maybe it was a tricky one from the start... I wonder what's missing that could confirm that...... Beck's Emblem of course! All the same, there's still that little head-and-shoulders going on, and that's a very reliable pattern. So I put on another trade after yesterday's trailing stop got taken out {image}
Fundi, Sure BE..... Or the TIME Price Vector. What I noticed the Quad usually was spot on, on price while the TPV was accurate within tolerances of 20% on Time. Agreed, Beck's discovery of the BE when applied to a Gartley pattern is deadly accurate. What we are always searching for is the turn in the road. Your on top of it Fundi.
P
You NEVER will be the person you could be, without pressure & discipline
  • #1,622
  • Edited 9:34am Jan 30, 2020 9:21am | Edited 9:34am
This is why TA trumps FA. Master the technique with the same consistent application makes FA analysis not necessary except to know the time of red news release(coincides perfectly with Gann time).
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Know what you trade
  • #1,623
  • Jan 30, 2020 10:12am Jan 30, 2020 10:12am
I noticed how many times the line from 0.75 to 100 created a small retracement (RED LINE) ... so mutch time.
I dont know, a real breackout of this line can bring the price even lower down to the TL down ???
Ps: these are only beginner's observations, so in case they bother you please let me know, thanks.
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  • #1,624
  • Jan 30, 2020 12:49pm Jan 30, 2020 12:49pm
The SAM levels always provide an obvious exit
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  • #1,625
  • Jan 30, 2020 4:57pm Jan 30, 2020 4:57pm
Quoting DiamondMiner
{quote} Fundi, Sure BE..... Or the TIME Price Vector. What I noticed the Quad usually was spot on, on price while the TPV was accurate within tolerances of 20% on Time. Agreed, Beck's discovery of the BE when applied to a Gartley pattern is deadly accurate. What we are always searching for is the turn in the road. Your on top of it Fundi. P
Hello DM. Very interesting thread here! I noticed in your first post that Andrew's Pitchforks are in your tool box. I use APs as a primary trading method and if it would be helpful I would like to post some charts here. If not I understand.
  • #1,626
  • Jan 30, 2020 6:14pm Jan 30, 2020 6:14pm
Quoting Winston Reed
{quote} Hello DM. Very interesting thread here! I noticed in your first post that Andrew's Pitchforks are in your tool box. I use APs as a primary trading method and if it would be helpful I would like to post some charts here. If not I understand.
Chutzpah

https://www.forexfactory.com/showthr...9#post12728229
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  • #1,627
  • Edited 6:52pm Jan 30, 2020 6:39pm | Edited 6:52pm
Quoting Winston Reed
{quote} Hello DM. Very interesting thread here! I noticed in your first post that Andrew's Pitchforks are in your tool box. I use APs as a primary trading method and if it would be helpful I would like to post some charts here. If not I understand.
Winson, you can. Andrews pitch forks were the precursor to Beck's Hadrian's Wall and Jenkins The Secret Angle as far as I am concerned. The Truth to the Matter is. Everyone learns something from someone else.
You NEVER will be the person you could be, without pressure & discipline
  • #1,628
  • Jan 30, 2020 6:54pm Jan 30, 2020 6:54pm
Quoting DiamondMiner
{quote} Winson, you can. Andrews pitch forks were the precursor to Beck's Hadrian's Wall and Jenkins The Secret Angle as far as I am concerned.
Thanks DM. I appreciate it.
  • #1,629
  • Edited 7:57pm Jan 30, 2020 7:33pm | Edited 7:57pm
First post with respect to the thread starter.
This is GBPUSD 60 minute. There's alot to unpack here for those unfamiliar with Andrew's Pitchforks also known as Median Lines. I will use the term fork/s in the future.
At a very basic level pivot A to B projects C to D on any given fork. Bulls decisively "zoomed" the median line of the blue standard fork. When this happens it is reasonable that price will retest the area of the median line and a buy may be entertained at least in this scenario. It is not always the case. The modified schiff red fork is merely projecting price upwards. If the pending order gets filled then the target would be at the upper median line of the red fork once a fill occurs. Things can definitely change but for now this is what I'm seeing.
Your comments and criticisms are appreciated.
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  • #1,630
  • Edited 8:23pm Jan 30, 2020 8:02pm | Edited 8:23pm
Hi all....been traveling the past few days so didn't have much chance to post. Hi Winston, long time no see, good to see you here.

This post will be a bit different because all of you know how much I like Michael Jenkins style trading, it has really helped my accuracy to enter the market even if it is highly countertrend. We all know the strong Euro downtrend had wiped out many countertrend traders and because of the squaring of time and price I stayed with the short trend all the way down to this last weekend, where I entered long. Why would anyone go long on the Euro...

One of the methods Jenkins uses is the measured move, so I track the overall market using that technique to make sense of what is going on...I haven't posted this too much because some think it is hooey, not workable for forex... but judge for yourself....it just put another 40 pips in my bank account from Monday night (with no draw down I might add)...but I closed the trade because of how it acted at the first sign of resistance...It could very well go back to the trend...In the mean time I have banked some very nice profit and Im good with that....

Anyway, for what it is worth here it is...
ps....the angle and the number of pips have to match....this is a measured move, not simply the angle of the move..
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  • #1,631
  • Jan 30, 2020 8:07pm Jan 30, 2020 8:07pm
Quoting Swede
Hi all....been traveling the past few days so didn't have much chance to post. Hi Winston, long time no see, good to see you here. This post will be a bit different because all of you know how much I like Michael Jenkins style trading, it has really helped my accuracy to enter the market even if it is highly countertrend. We all know the strong Euro downtrend had wiped out many countertrend traders and because of the squaring of time and price I stayed with the short trend all the way down to this last weekend, where I entered long. Why would anyone...
Hey Swede old friend. Looking forward to contributing to this very interesting thread. I can't help but reminisce about our supply and demand days. Still relevant in certain ways but different now. Carry on!
  • #1,632
  • Jan 30, 2020 8:09pm Jan 30, 2020 8:09pm
Quoting Swede
Hi all....been traveling the past few days so didn't have much chance to post. Hi Winston, long time no see, good to see you here. This post will be a bit different because all of you know how much I like Michael Jenkins style trading, it has really helped my accuracy to enter the market even if it is highly countertrend. We all know the strong Euro downtrend had wiped out many countertrend traders and because of the squaring of time and price I stayed with the short trend all the way down to this last weekend, where I entered long. Why would anyone...
Outstanding Swede....
You NEVER will be the person you could be, without pressure & discipline
  • #1,633
  • Jan 30, 2020 8:17pm Jan 30, 2020 8:17pm
Quoting Swede
Hi all....been traveling the past few days so didn't have much chance to post. Hi Winston, long time no see, good to see you here. This post will be a bit different because all of you know how much I like Michael Jenkins style trading, it has really helped my accuracy to enter the market even if it is highly countertrend. We all know the strong Euro downtrend had wiped out many countertrend traders and because of the squaring of time and price I stayed with the short trend all the way down to this last weekend, where I entered long. Why would anyone...
Not to diminish your previous post Swede but I couldn't help myself when you said "measured move". This concept is a staple in my trading. Iwon't say much for now but perhaps it can be seen here. It is actually inherent in forks.
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  • #1,634
  • Jan 30, 2020 8:39pm Jan 30, 2020 8:39pm
Quoting Swede
Hi all....been traveling the past few days so didn't have much chance to post. Hi Winston, long time no see, good to see you here. This post will be a bit different because all of you know how much I like Michael Jenkins style trading, it has really helped my accuracy to enter the market even if it is highly countertrend. We all know the strong Euro downtrend had wiped out many countertrend traders and because of the squaring of time and price I stayed with the short trend all the way down to this last weekend, where I entered long. Why would anyone...
Hi Swede, nice trade.

This is how I see EU guided by the dual kumo.
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Know what you trade
  • #1,635
  • Jan 30, 2020 8:42pm Jan 30, 2020 8:42pm
Quoting Winston Reed
{quote} Hey Swede old friend. Looking forward to contributing to this very interesting thread. I can't help but reminisce about our supply and demand days. Still relevant in certain ways but different now. Carry on!
Hey Winston...we did some good trades back there.....and yes it certainly is relevant in a sense...but we didn't have Trumpenomics, Brexit, Impeachments, Tarrifs, Counter Tarrifs, Flu allerts and all form of powerful algorithmic trading, etc, etc, etc,

One thing that remains the same is cycles, timing, and history that repeats itself and that take time to get our head around. I could only classify myself as a mediocre traders....some big wins, some huge losses. When on top of the market I felt like the greatest trader around....when the losses hit I felt like the biggest looser in town.....ALL IN ONE DAY LOL, LOL.

What brought me here is my quest for accuracy.....I love Davits Pivot Trading thread, he has done an outstanding job of trading pivot levels based on price action and fundamentals. My quest was to pin point levels so I could take larger positions because I hate sitting in front of a computer all day, and I hate holding positions for more than a day with large draw downs...also, I hate following gamblers like so many in FF, I follow winners because that is how you become an expert in any field.
Diamond miner introduced me to Jenkins and I was fascinated with the accuracy....I still get a few things that go against me, but overall my accuracy has improved by more than double....Im sure we will talk and welcome!
  • #1,636
  • Jan 30, 2020 9:06pm Jan 30, 2020 9:06pm
Quoting Swede
{quote} Hey Winston...we did some good trades back there.....and yes it certainly is relevant in a sense...but we didn't have Trumpenomics, Brexit, Impeachments, Tarrifs, Counter Tarrifs, Flu allerts and all form of powerful algorithmic trading, etc, etc, etc, One thing that remains the same is cycles, timing, and history that repeats itself and that take time to get our head around. I could only classify myself as a mediocre traders....some big wins, some huge losses. When on top of the market I felt like the greatest trader around....when the...
for example...recently we squared out time and price for the chart below...everyone was enjoying at least 3 entries short, with the trend...and after we posted it we extended out the proven resistance lines...for 2 more really nice entries...no draw down, no sweat, no worry...love those type of trades....sure, stops are still used but very small in comparison to some of the 50 pip stops used by a gambler...I seldom use more than a 10 pips stop anymore...this is what I'm after, not some roller coaster ride that may or may not result in success...
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  • #1,637
  • Jan 31, 2020 12:40am Jan 31, 2020 12:40am
CHF/JPY monthly
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  • #1,638
  • Jan 31, 2020 8:03am Jan 31, 2020 8:03am
Just another example of precision entry....notice Valid Trendline..(.bold blue) notice price follow 1x3 right to the Octave Horizontal line and then stalled. Good place to enter...also note the time line...time for a reversal me thinks... ps...for those using Murry Math lines to establish your octave persepective my setting is 256...60 min....works very nice.
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  • #1,639
  • Jan 31, 2020 8:26am Jan 31, 2020 8:26am
Quoting OAPDave
A guy on another thread as just mentioned the AU is dumping, Hmmm, also the Chf Jpy was mentioned last weekend ? {image} {image}
Hi Dave, yes it was !

https://www.forexfactory.com/showthr...0#post12721870

https://www.forexfactory.com/showthr...7#post12721877
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  • #1,640
  • Jan 31, 2020 9:03am Jan 31, 2020 9:03am
Feel the love Dave.h..ha ha .....Gbp...anyones guess but lots of room north....will stay on the sidelines on this one...
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