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Time and Price Forecasting

  • #2,001
  • Feb 18, 2020 1:28am Feb 18, 2020 1:28am
Quoting Swede
Something traders may want to consider if they want more precise angles is to use a square screen. I recently resurrected an old Sony Vaio 15 “ and found the angles are much more precise than my 17 wide Acer......just a thought to consider {image}
The same 17" can be used, resize the program to use what max is available with this

http://www.cthing.com/Meazure.asp
Meazure is open source and free and can
Calibrate screen resolution to provide accurate measurements
Display rulers anywhere on the screen
Display a grid overlay on the screen with adjustable grid spacing
Measure using a number of units including pixels, points, twips, centimeters, or user-defined
  • #2,002
  • Feb 18, 2020 3:40am Feb 18, 2020 3:40am
Quoting Swede
@BlackStack here is the previous analysis (blue) note how the 45 offset touch held the price for the eventual short....may still be in play depending news tonight. Where you start drawing from is discretionary really, but start this way and you will eventually see a pattern emerge..and note the red box levels...how it proved to be the ultimate stopping point of the rally.(circles)..those are derived by taking the last major swing high to low and dividing by 8....really works well in currency {image}
Swede, You are really on fire and you are to me officially the current master of off set angles. Cheers Ebali
  • #2,003
  • Feb 18, 2020 7:38am Feb 18, 2020 7:38am
USDJPY 60 min pending sell.
Looks like it wants to roll. Price action is key to my entries and rarely do I enter without confirmatory PA. The purple squares are pivots according to my pivot criteria. In this case they demonstrate bull effort decisively reversed. After the smaller purple square the PA is sweet. Bulls tried to keep it as the arrows show highlighting those tails which themselves got reversed. Now looking for a sell in that area.

The blue modified Schiff fork is my working fork and here it again demonstrates measured swings and forms the basis for considering the pending trade I've now placed. Stop is a bit high since I don't want a stop near 110.000 where it is quite possible price could go before reversing. Anyway we'll see. Target would be at the lower blue parallel.

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  • #2,004
  • Feb 18, 2020 7:43am Feb 18, 2020 7:43am
Update AUDUSD60min sell.
I took profit on the NZDUSD earlier but letting this Aussie go to target.

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  • #2,005
  • Feb 18, 2020 11:15am Feb 18, 2020 11:15am
I have an attitude problem at times....I have a strong series of successful trades, then I throw caution to the wind and trade without stops....hate to take a loss so I hold......this I did during the retrace on the Euro...had several trades on short (circle) and ignored a very strong warning of the retrace.....now I'm fortunate...took another large short at the top and only lost 35.00 in the end....but disgusted by acting like a novice trader being whipsawed like that....

And had I taken the time to just have a glance at Parisboy chart....all of the anxiety could have been avoided..the warning was clear
.grrrr..
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  • #2,006
  • Feb 18, 2020 11:25am Feb 18, 2020 11:25am
Quoting Swede
I have an attitude problem at times.
....all of the anxiety could have been avoided..the warning was clear .grrrr.. {image}
Swede,

Sadly we have all been there...

S.
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  • #2,007
  • Feb 18, 2020 12:15pm Feb 18, 2020 12:15pm
BTC attempting to rally up now 4.40% in the last 24 hr
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You NEVER will be the person you could be, without pressure & discipline
  • #2,008
  • Feb 18, 2020 12:18pm Feb 18, 2020 12:18pm
Quoting DiamondMiner
BTC attempting to rally up now 4.40% in the last 24 hr {image}
need an axis of time and price to be relevant

S.
  • #2,009
  • Feb 18, 2020 12:27pm Feb 18, 2020 12:27pm
redemption lol lol
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  • #2,010
  • Feb 18, 2020 12:42pm Feb 18, 2020 12:42pm
Quoting Steve666
{quote} need an axis of time and price to be relevant S.
Steve, so true, sorry....
You NEVER will be the person you could be, without pressure & discipline
  • #2,011
  • Feb 18, 2020 1:30pm Feb 18, 2020 1:30pm
Sometimes we need charts from different brokers to validate trades I think or is it just the scaling ??
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  • #2,012
  • Feb 18, 2020 1:54pm Feb 18, 2020 1:54pm
GBPUSD 60 mn

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  • #2,013
  • Feb 18, 2020 1:57pm Feb 18, 2020 1:57pm
Quoting Aworex
Sometimes we need charts from different brokers to validate trades I think or is it just the scaling ?? {image}
your chart is very dark and hard to see where you are placing your angles....and you have it squeezed up max I think....hard to compare....anyway most brokers use the same numbers with some exception around closing, or news events, etc....if you need to do some comparisons lighten up your charts and we can compare with other traders...
  • #2,014
  • Feb 18, 2020 2:00pm Feb 18, 2020 2:00pm
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  • #2,015
  • Feb 18, 2020 2:07pm Feb 18, 2020 2:07pm
Here's a broader view
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  • #2,016
  • Feb 18, 2020 2:09pm Feb 18, 2020 2:09pm
USDJPY - looking at the weekly. I drew a square using octave numbers for both time and price to square it. Drew some angles off the down move, and interesting to see where they intersect with the low is exactly at major VTLs. Now that may be a mathematical inevitability, rather than useful information from the chart, but maths is definitely not my thing, so please let me know either way. I also drew the 45 degree angle offset, and that intersects with the 62.5 VTL. Again, if that had to happen anyway because of maths, well ...

Looking at price action its definitely respecting that top angle resistance - it's highs walking under it getting lower and lower. If it keeps doing that for the next 4 or 5 weeks it's going to walk into the 62.5 VTL, the vertical from the offset 45 angle, the 37.25 S/R, and the squares's 1x1.

I'm seeing it going down at that point, at least to the 50% support level, or even down to the 62.5, which is also the 50% retracement of the up move.

Would greatly appreciate your feedback.

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  • #2,017
  • Feb 18, 2020 2:23pm Feb 18, 2020 2:23pm
I just realised there is also a very nicely proportioned triangle that will have to be broken at the same time, or thereabouts - I've labelled it for easy viewing

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  • #2,018
  • Feb 18, 2020 2:26pm Feb 18, 2020 2:26pm
Quoting vik11
USDJPY - looking at the weekly. I drew a square using octave numbers for both time and price to square it. Drew some angles off the down move, and interesting to see where they intersect with the low is exactly at major VTLs. Now that may be a mathematical inevitability, rather than useful information from the chart, but maths is definitely not my thing, so please let me know either way. I also drew the 45 degree angle offset, and that intersects with the 62.5 VTL. Again, if that had to happen anyway because of maths, well ... Looking at price action...
Thats really good.....watch and see how things react at the levels you have identified...I dont trade yen or yen crosses myself so no really tuned into their nuances....Winston posted a real good analysis a few posts back....I think he would agree with your levels...thanks for doing the work...it will pay off I assure you...
  • #2,019
  • Feb 18, 2020 2:29pm Feb 18, 2020 2:29pm
Im really impressed with Jenkins as im sure you know by now....not because he is super successful, but the simple drawings he urges every trader to do just blows me away....the chart below...1 hour Euro/USD just doing the basics gives you strong targets/entries and clarifies in you mind the power of doing some homework....like vic11 just did....
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  • #2,020
  • Feb 18, 2020 2:31pm Feb 18, 2020 2:31pm
Quoting Swede
{quote} Thats really good.....watch and see how things react at the levels you have identified...I dont trade yen or yen crosses myself so no really tuned into their nuances....Winston posted a real good analysis a few posts back....I think he would agree with your levels...thanks for doing the work...it will pay off I assure you...
Much appreciated, Swede
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