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Time and Price Forecasting

  • #2,161
  • Jul 4, 2020 11:28am Jul 4, 2020 11:28am
Quoting Swede
{quote} you mean a legend in my own mind.....haaaaaa!
Swede, you still to this day are quite Modest. The Patrons of this thread know your a Legend.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #2,162
  • Jul 4, 2020 11:35am Jul 4, 2020 11:35am
Quoting DiamondMiner
{quote} Swede, you still to this day are quite Modest. The Patrons of this thread know your a Legend. DM
Hey Pete! Getting geared up for a day of eating and a few beers??
  • #2,163
  • Edited 4:25pm Jul 4, 2020 11:57am | Edited 4:25pm
Quoting Pnaveen
{image} {image}
Pnaveen......is that an overly, or an indicator specific to your trading platform? I could sure use that for



edit....never mind Pnaveen....I found the paid indicator.
  • #2,164
  • Jul 4, 2020 12:05pm Jul 4, 2020 12:05pm
Quoting Stev1929
{quote} Hey Pete! Getting geared up for a day of eating and a few beers??
Stev1929, actually loading the SUV now going to the Mountains for Hot Dogs and Beer !!!! Leaving Tuesday for Arizona to File a Mining Claim on alluvial Garnet Placer ground.
Cheers Stev !!!!
You NEVER will be the person you could be, without pressure & discipline
  • #2,165
  • Jul 4, 2020 12:18pm Jul 4, 2020 12:18pm
Quoting DiamondMiner
{quote} Stev1929, actually loading the SUV now going to the Mountains for Hot Dogs and Beer !!!! Leaving Tuesday for Arizona to File a Mining Claim on alluvial Garnet Placer ground. Cheers Stev !!!!
Good on you brother! Enjoy
  • #2,166
  • Jul 4, 2020 12:28pm Jul 4, 2020 12:28pm
Quoting Aworex
Hi folks, It's been awhile, cam across this man on youtube who really knows his stuff about Gann and geometric trading check out this post https://www.youtube.com/watch?v=3ODqLlPWqyo he has others and we could all learn a thing or two from him. Enjoy
Aworex, Good Find !!!!!
You NEVER will be the person you could be, without pressure & discipline
  • #2,167
  • Jul 5, 2020 5:06am Jul 5, 2020 5:06am
Quoting Swede
Hope you dont mind me adding my 2 pips to the discussion of time and price.....I have a very simply method that works most of the time....establishing cycles, establishing a division of 8 of the last major swing....add an offset angle here or there and bingo...we have a pattern that needs to be addressed and invested in.....caught this to the penny....if I revealed the profit on this trade no one would believe me and they would start throwing rocks....I call this my confirmation chart, confirming some of the other things I use... {image}
if you notice your down pointing red line is a 2x1 and the up pointing is 1x2 ... just look at the grid if you want to verify ... a better way to implement 90 degrees is by flipping the gann line axb to bxa then there is no problem with scaling
twitter: @gettoefl
  • #2,168
  • Jul 5, 2020 8:58am Jul 5, 2020 8:58am
Quoting gettoefl
{quote} if you notice your down pointing red line is a 2x1 and the up pointing is 1x2 ... just look at the grid if you want to verify ... a better way to implement 90 degrees is by flipping the gann line axb to bxa then there is no problem with scaling
Hi, if possible please share couple of charts, with marking & labels.

Thanks
  • #2,169
  • Edited 2:17pm Jul 5, 2020 10:47am | Edited 2:17pm
Quoting gettoefl
{quote} if you notice your down pointing red line is a 2x1 and the up pointing is 1x2 ... just look at the grid if you want to verify ... a better way to implement 90 degrees is by flipping the gann line axb to bxa then there is no problem with scaling
I guess I'm not the brightest bulb on the tree...perhaps you could take my chart and illustrate the axb and bxa. There are so many interpretations regarding scaling, some work, most dont where pulling the trigger is concerned. This is how I overcome the problem. (and the problem exists with nearly every chart program on the market)

1.....set up a chart page on the 1 hour, squeeze it to where you have history of a few weeks...only then check off Scale Fix to lock the screen.

2.....set horizontal lines by dividing the last major swing by 8 to determine potential sup res lines.

3.....determine cycle highs and lows and use cycle tool (same color) to determine potential swing points.

You now have a working chart....but dont call it a grid because the squares are not perfect so 2x1 or 1x2 will not be equal.,

4....now draw in the impulse waves of interest and determine the 90 degree offset from that wave using a protractor overlayed on the screen. I know it sounds dumb, but it works over and over and over again. Why...because using the angle tool on mt4 to determine the impulse wave, then using the same tool to draw the 90 degree offset you will find the offsetting angle is out by a mile when it comes to actually jumping on a trade. I will post 2 charts...one using a 2.00 protractor and one using the Mt4 angle tool...

Note on the chart using mt4 angle tool, how late the disection came........ too late for a precision entry..
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  • #2,170
  • Jul 5, 2020 2:29pm Jul 5, 2020 2:29pm
And, if you look at this chart using the hand drawn 90 degree offsets, you will find its much more accurate than the trendline angle tool in mt4....I was short all the way down to support from that circled area....I find the Gann tools in mt4 to be completely useless.
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  • #2,171
  • Jul 5, 2020 2:31pm Jul 5, 2020 2:31pm
Quoting Swede
And, if you look at this chart using the hand drawn 90 degree offsets, you will find its much more accurate than the trendline angle tool in mt4....I was short all the way down to support from that circled area....I find the Gann tools in mt4 to be completely useless. {image}
Probably training your eye is the best tool.
You NEVER will be the person you could be, without pressure & discipline
  • #2,172
  • Jul 5, 2020 2:41pm Jul 5, 2020 2:41pm
Another HUGE benefit to hand drawing is often the need to switch to a lower time frame to get the best entries...your trendlines stay in place from one time frame to another.....try that with the Gann tool and see what happens....
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  • #2,173
  • Jul 5, 2020 9:59pm Jul 5, 2020 9:59pm
I have written a script to do the drawing of corners. I draw 90, 60, 45, 30 at the beginning and the end of the swing. At the same time, draw lines parallel to it at the opposite top and bottom. Is this true or not? Sometimes it draws imperfectly. We need to adjust it ourselves.
Drawing a square grid over time, I used a circle to align the square with the price. Am I doing it right. Because I still don't know how to draw this time cycle properly.
What I drew, unlike what Swede drew.

Look forward to your help, to make my drawings more accurate.
My English is not good, please sympathize.
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Attached File(s)
File Type: ex4 Michael S. Jenkins.ex4   47 KB | 417 downloads
  • #2,174
  • Jul 5, 2020 10:04pm Jul 5, 2020 10:04pm
For what I draw, we have a chance to trade at line 45, from the swing top that I drew. Is this really an opportunity?
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  • #2,175
  • Jul 5, 2020 10:16pm Jul 5, 2020 10:16pm
Quoting Swede
And, if you look at this chart using the hand drawn 90 degree offsets, you will find its much more accurate than the trendline angle tool in mt4....I was short all the way down to support from that circled area....I find the Gann tools in mt4 to be completely useless. {image}
It's amazing what lines you draw by hand.
  • #2,176
  • Jul 6, 2020 12:56am Jul 6, 2020 12:56am
Just wanted to chip in here. The Trendline by Angle indicator in MT4 works well. the way I use it is to use it to define an angle i.e by placing on a chart, amend the properties and uncheck the RAY to enable define the length, then draw a normal Trendline overlay over the TRENDLINE ANGLE then delete the Trendline line by angle. Using it this way you can change the TF or increase the size of the candles and your trendline angle remains intact.
The Trendline by angle is very dynamic any change to the TF, or size of the candles will mess it up but a normal Trendline stays intact
  • #2,177
  • Jul 6, 2020 8:58am Jul 6, 2020 8:58am
Quoting HoTuanViet
For what I draw, we have a chance to trade at line 45, from the swing top that I drew. Is this really an opportunity? {image}
I think I missed the opportunity at GU.
But in my opinion this is another opportunity in the EU.
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  • #2,178
  • Jul 6, 2020 11:03am Jul 6, 2020 11:03am
If you focus on the daily chart now, you will see something interesting....the retrace overnight reversed right at the daily 90 offset....so not looking
very good for longs atm....Ho...you need to clean up your charts and focus on the bigger picture before thinking you missed an opportunity..too much going on your charts to make any kind or rational decision in my opinion..
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  • #2,179
  • Jul 6, 2020 11:26am Jul 6, 2020 11:26am
Quoting Swede
If you focus on the daily chart now, you will see something interesting....the retrace overnight reversed right at the daily 90 offset....so not looking very good for longs atm....Ho...you need to clean up your charts and focus on the bigger picture before thinking you missed an opportunity..too much going on your charts to make any kind or rational decision in my opinion.. {image}
This helped me a lot.
Thanks for your support
  • #2,180
  • Jul 6, 2020 3:18pm Jul 6, 2020 3:18pm
Quoting HoTuanViet
{quote} This helped me a lot. Thanks for your support
Just a suggestion, but the reason I say this is to simplify the process of understanding the concept behind this style of trading if you are new to it.

1.....what is an impulse wave....that is the starting point of this whole process.

2.....once you identify an impulse wave, measure from high to low, or low to high.

3.....then draw angles from that one point........90 degree is the starting point...and see how price reacts as it touches and reverses, or it touches and penetrates....before you ever think of taking a position.

the example below is the Euro.....this time I opened the chart up for short term trading....and through the process it became clear there was a nice reversal for 40 pips or so a few hours ago....maybe even more to come....

Just do a few....dont try to trade all the lines, make sure there is some confirmation in the direction you want to trade..

Practice 100 of these before posting your charts...if you take your time and really analyze the results, you will be amazed at what you discover..

here are a couple impulse waves from last week as an example...and this is only one currency...can you see the opportunities..
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