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- #2,183
- Jul 7, 2020 7:18pm Jul 7, 2020 7:18pm
- Joined Mar 2009 | Status: Trader | 2,571 Posts
Offset Angles are only a part of time and price forecasting, but to me they are fundamental to the whole concept......because all analyses, cycles, octave levels, angles, measured moves all begin with an impulse wave.
Yesterday I posted Euro and one of the ways to draw an offset angle, just using the 90 degree. (we can also add in the 60, 45, 30 degree angles) because they can also direct you to entries, or take profits etc. But this is just the follow up from yesterday, and if you only took the best of these entries across 15-16 currencies, you can make a ton of return just in this one part of time and price forecasting. So do the work, draw the damn lines, lock them on your chart and observe what happens at pre determined levels
you have drawn....it will change how you trade....
Yesterday I posted Euro and one of the ways to draw an offset angle, just using the 90 degree. (we can also add in the 60, 45, 30 degree angles) because they can also direct you to entries, or take profits etc. But this is just the follow up from yesterday, and if you only took the best of these entries across 15-16 currencies, you can make a ton of return just in this one part of time and price forecasting. So do the work, draw the damn lines, lock them on your chart and observe what happens at pre determined levels
you have drawn....it will change how you trade.... 
- #2,186
- Jul 8, 2020 5:06am Jul 8, 2020 5:06am
so, we had a nice bounce for GU off the down line, penetrated the 90 offset on daily for the long....but I have closed the long and taken a reverse position because of what I see on the chart. note how adding the weekly pivots often give us the level of interest to consider at least during the NY session today....Asia may continue upward...but for now we will see how the immediate countertrend works out...stop is very near break even at this point, will manage as we go....but I wanted to illustrate having some confluence and the trendlines can be...
but I have one question.... how can we draw "real" 90 degree trendlines? As you also know charts we see on MT4 are scaled just to fit our screens. Or should we draw squares based on the first wave, and then draw 90 degree trendline?
I hope I was able to express my concerns
Thanks in advance...best regards
Imagination rules the world ...
Selym Hyll Return This Year:
na
- #2,187
- Jul 8, 2020 5:42am Jul 8, 2020 5:42am
{quote} Seriously, it is fun to read your comments and to observe your charts...Thank you very much for the info... but I have one question.... how can we draw "real" 90 degree trendlines? As you also know charts we see on MT4 are scaled just to fit our screens. Or should we draw squares based on the first wave, and then draw 90 degree trendline? I hope I was able to express my concerns
Imagination rules the world ...
Selym Hyll Return This Year:
na
- #2,188
- Jul 8, 2020 8:20am Jul 8, 2020 8:20am
Imagination rules the world ...
Selym Hyll Return This Year:
na
- #2,195
- Edited 11:41am Jul 8, 2020 11:23am | Edited 11:41am
- Joined Nov 2007 | Status: Trader | 3,060 Posts
