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Time and Price Forecasting

  • #1,861
  • Feb 14, 2020 1:52am Feb 14, 2020 1:52am
My first attempt with Jenkins angle but not sure I'm using it correctly.

I still have a time line indicating a turn around the 13th so thought I'd see if JA agreed.
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All charts/ideas based on UK time zone
  • #1,862
  • Feb 14, 2020 7:23am Feb 14, 2020 7:23am
Feels like Euro wants to explode north...so completely over sold...but only in my opinion..so will stay with the major trend for now...still room south on the Weekly....
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  • #1,863
  • Feb 14, 2020 7:50am Feb 14, 2020 7:50am
EURUSD 1 mn

Sold position on climaxing spike
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  • #1,864
  • Feb 14, 2020 8:07am Feb 14, 2020 8:07am
Quoting Swede
Feels like Euro wants to explode north...so completely over sold...but only in my opinion..so will stay with the major trend for now...still room south on the Weekly.... {image}
Trend is your friend until it ends... Why sell at such extreme level then hold?
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,865
  • Feb 14, 2020 8:27am Feb 14, 2020 8:27am
Quoting Davit
{quote} Trend is your friend until it ends... Why sell at such extreme level then hold? regards
My 2 Cents
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  • #1,866
  • Feb 14, 2020 8:36am Feb 14, 2020 8:36am
EURUSD In fact Price Action builds a Triple Top
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  • #1,867
  • Feb 14, 2020 8:52am Feb 14, 2020 8:52am
Quoting Davit
{quote} Trend is your friend until it ends... Why sell at such extreme level then hold? regards
Totally agree...that is why I pulled the trigger to exit just a few minutes before the news because any news, good or bad could trigger a move....not a very convincing rally at this point though...will take a wait and see for now....
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  • #1,868
  • Feb 14, 2020 8:56am Feb 14, 2020 8:56am
Quoting Swede
{quote} Totally agree...that is why I pulled the trigger to exit just a few minutes before the news because any news, good or bad could trigger a move....not a very convincing rally at this point though...will take a wait and see for now.... {image}
Hi friend glad you got out. Here is something worth reading.(link below) In the context of Euro its been over sold.There is no more value to sell anymore.Pandemonium will be shifting on USD since Corona Virus effects not just Europe but globally specially our economy heavy dependence on cheap Chinese labor and manufacturing.
I am expecting more red numbers going forward on USD and Feds may start another rate cutting cycle
https://www.investing.com/analysis/t...eory-200329583
In trading, you have to be defensive and aggressive at the same time
  • #1,869
  • Feb 14, 2020 9:10am Feb 14, 2020 9:10am
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  • #1,870
  • Feb 14, 2020 9:14am Feb 14, 2020 9:14am
Bingo !

Notice : such Price Action Patterns repeat theirselves endlessly on all Timeframes.

Only the form changes due to the Underlying Trend (Up or Down) and its strength : degree of its Slope / Angle
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  • #1,871
  • Feb 14, 2020 9:16am Feb 14, 2020 9:16am
Sometimes one can simply use price action for a few pips....in this case the break of the low of the high bar was the trigger...anyway, nothing special but wouldnt be surprised to see another test of last nights low...nothing about Euro could get me interested in longs...nothing at this point.
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  • #1,872
  • Feb 14, 2020 9:17am Feb 14, 2020 9:17am
Quoting parisboy
{quote} My 2 Cents {image}
I dont understand all the nuances the way you trade but if its working all good
In trading, you have to be defensive and aggressive at the same time
  • #1,873
  • Feb 14, 2020 9:21am Feb 14, 2020 9:21am
Quoting parisboy
Bingo ! Notice : such Price Action Patterns repeat theirselves endlessly on all Timeframes. Only the form changes due to the Underlying Trend (Up or Down) and its strength : degree of its Slope / Angle {image}

Very nice parisboy...im getting how you trade off your charts....my mt4 version is not as good..
  • #1,874
  • Feb 14, 2020 9:34am Feb 14, 2020 9:34am
Quoting Davit
{quote} Hi friend glad you got out. Here is something worth reading.(link below) In the context of Euro its been over sold.There is no more value to sell anymore.Pandemonium will be shifting on USD since Corona Virus effects not just Europe but globally specially our economy heavy dependence on cheap Chinese labor and manufacturing. I am expecting more red numbers going forward on USD and Feds may start another rate cutting cycle https://www.investing.com/analysis/t...eory-200329583
Thanks Davit...very much appreciate your post!!
  • #1,875
  • Feb 14, 2020 9:38am Feb 14, 2020 9:38am
Quoting Davit
{quote} I dont understand all the nuances the way you trade but if its working all good
Hope it will help
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  • #1,876
  • Feb 14, 2020 9:44am Feb 14, 2020 9:44am
Quoting Swede
{quote} Very nice parisboy...im getting how you trade off your charts....my mt4 version is not as good..
Swede and Davit it is a very common behaviour of Price Action
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  • #1,877
  • Feb 14, 2020 10:06am Feb 14, 2020 10:06am
Quoting Swede
{quote} Very nice parisboy...im getting how you trade off your charts....my mt4 version is not as good..
Swede,

by the way Glenn Neely charged at the beginning 12.000 $ for such knowledge named "River Theory" !

Now Neely charges only 2.900 $
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  • #1,878
  • Feb 14, 2020 10:16am Feb 14, 2020 10:16am
The article link Davit posted speaks to your methods Parisboy....
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  • #1,879
  • Edited 10:57am Feb 14, 2020 10:29am | Edited 10:57am
Quoting Swede
The article link Davit posted speaks to your methods Parisboy.... {image} {image}
Swede

I am always amazed when I see new guys recycling endlessly very old stuff under a new name.

Neely advertised his "River Theory" in 2013.

The Rubber Band thing is a much older concept

It was imagined, popularized and practized as soon as traders could build Bands, Envelopes etc with a computer

Basically you have a rational explanation of the system in Hurst's Profit Magic book as soon as 1970 - Chapter 4 - Timing your buys with Graphics where Hurst talks about Edge Band Transaction Timing (Price is on the North or South Bank for Neely) and Mid-Band Transaction Timing (Price is in the Middle of the River)

DiamondMiner has uploaded several time on this thread " Channels and Cycles" , the book of Brian Millard which is very interesting , but lacks of practical methods for trading.
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  • #1,880
  • Feb 14, 2020 10:33am Feb 14, 2020 10:33am
Mid-Band transaction Timing according to Hurst
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