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Time and Price Forecasting

  • #2,221
  • Jul 11, 2020 10:24am Jul 11, 2020 10:24am
Quoting Rubernet
I had the circle script that was shared on this thread converted to a indicator. Much more user friendly and also stays in place when changing time frames. {file}
Much appreciated....my old script is wonky at times ...thank you for posting that.....'traders helping traders is a fine quality'
  • #2,222
  • Jul 11, 2020 2:52pm Jul 11, 2020 2:52pm
Quoting HoTuanViet
{quote} As for the square angle measurement, you can use the shared software at post # 1542. It is very useful Link: https://www.forexfactory.com/showthr...1#post13041691 {image} {image} {image}
The software you refer to is a paid program and should not be promoted here unless you can show proof of concept. I have looked at it and all it does is add a bunch of lines that mean very little to actually bring you to a decision to pull the trigger on a trade. I have not seen even one trade that was taken as a result....but it is pretty...lol
  • #2,223
  • Jul 11, 2020 8:24pm Jul 11, 2020 8:24pm
Hi everyone,

I have spent hours trying to duplicate Swede's chart in post on the last page, post 2205 with no luck. My impulse lines always come out above or below his. 1 hour chart, GPBUSD, scale fix is checked. I am using the protractor method, with broker forex.com.
I am thinking it must be my monitor setup or my broker.

Now what is interesting is that I do show potential entries with support from the impulse lines and octave lines. Actually my entries look to be trend following and maybe better??

Any thoughts?

Thanks everyone!
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  • #2,224
  • Jul 11, 2020 10:08pm Jul 11, 2020 10:08pm
Quoting Swede
{quote} The software you refer to is a paid program and should not be promoted here unless you can show proof of concept. I have looked at it and all it does is add a bunch of lines that mean very little to actually bring you to a decision to pull the trigger on a trade. I have not seen even one trade that was taken as a result....but it is pretty...lol
I'm sorry about the software. I didn't notice it was paid software.
  • #2,225
  • Jul 11, 2020 11:56pm Jul 11, 2020 11:56pm
Quoting forexdave1
Hi everyone, I have spent hours trying to duplicate Swede's chart in post on the last page, post 2205 with no luck. My impulse lines always come out above or below his. 1 hour chart, GPBUSD, scale fix is checked. I am using the protractor method, with broker forex.com. I am thinking it must be my monitor setup or my broker. Now what is interesting is that I do show potential entries with support from the impulse lines and octave lines. Actually my entries look to be trend following and maybe better?? Any thoughts?...
Dave...make your bars one size larger....and try again....I have been using this setting for a couple years....I have a 17 inch rectangular screen...and don’t scale fis for now since this is the current page...I only scale fix when going into history...
  • #2,226
  • Jul 12, 2020 12:05am Jul 12, 2020 12:05am
Quoting forexdave1
Hi everyone, I have spent hours trying to duplicate Swede's chart in post on the last page, post 2205 with no luck. My impulse lines always come out above or below his. 1 hour chart, GPBUSD, scale fix is checked. I am using the protractor method, with broker forex.com. I am thinking it must be my monitor setup or my broker. Now what is interesting is that I do show potential entries with support from the impulse lines and octave lines. Actually my entries look to be trend following and maybe better?? Any thoughts?...
bro you're almost there...adjust your bars a bit higher...you're on the right path...swede rocks...keep the faith...peace

k
"the fool and the prophet walk hand in hand..."
  • #2,227
  • Jul 12, 2020 12:07am Jul 12, 2020 12:07am
oh smack...swede just replied...my bad
having said that...


swede..do you ever sleep?

lol
"the fool and the prophet walk hand in hand..."
  • #2,228
  • Jul 12, 2020 1:17am Jul 12, 2020 1:17am
Quoting kaoscoded
oh smack...swede just replied...my bad having said that... swede..do you ever sleep? lol
When you say bars larger, I assume you mean hit the magnify +... My vertical scale is at its max

Here is what I get??

thank you!!!!
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  • #2,229
  • Jul 12, 2020 1:48am Jul 12, 2020 1:48am
Quoting forexdave1
{quote} When you say bars larger, I assume you mean hit the magnify +... My vertical scale is at its max Here is what I get?? thank you!!!! {image}
If you want to copy his experience. Please review his scaling through the pictures that Mr. Swede shared. I showed you this way to make it easier.
1. Look at his rate and time share on mt4.
2. Then you set up your mt4 screen to fit your computer screen.
To me, his scale seems to fit my screen.
Take a look at the picture to see more.

Notice that, for every 1 square in mt4 as shown, there will be 16 bars and 340 points. If you want each square to be 8 bars, then you would divide the ratio by dividing 2 scale prices by the price

I'm not sure if it is correct, but I think it is right now
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  • #2,230
  • Jul 12, 2020 5:38am Jul 12, 2020 5:38am
Quoting Swede
Regarding price.......a basic teaching of WD Gann was the use of Octaves....the division of 8 just as in a musical note. Why it works, I am not the one to tell you, but if you can answer that you can also answer why 61.8 or 76.2 or 50% fib levels work often as turning points of impulse waves. I use the division of 8 all the time because I am a contrarian...someone who likes to take short term reversals opposite the prevailing trend so I can make quick $$, instead of holding for days. I am not alone, many time and price traders use variations of...
thanks and looks interesting..will try this and murray math lines is also like that??
  • #2,231
  • Jul 12, 2020 9:23am Jul 12, 2020 9:23am
Quoting HoTuanViet
{quote} If you want to copy his experience. Please review his scaling through the pictures that Mr. Swede shared. I showed you this way to make it easier. 1. Look at his rate and time share on mt4. 2. Then you set up your mt4 screen to fit your computer screen. To me, his scale seems to fit my screen. Take a look at the picture to see more. Notice that, for every 1 square in mt4 as shown, there will be 16 bars and 340 points. If you want each square to be 8 bars, then you would divide the ratio by dividing 2 scale prices by the price I'm not sure...
Objectivity of drawing those 90 Degree Angles is the most confusing element in my opinion. Swede is a very experienced trader, that is why his eyes automatically consider details that avarage traders (like me) do not see them.

Since the morning I have been making calculations just to find a "real" 90 degree trendline and place it on my chart. Below you can see the bearish move I took as a reference. It is marked with a blue triangle. I know it might change from Broker to Broker... but the values on my chart are:

Distance: 353 Pips
Duration: 90 Candles

So, imagine a triangle where length of a: 353 , b= 90. c= unknown for now

And if we make necessary calculations, what we get is:

c= 364,292

And inner angles of the triangle are: 14,303 + 90 + 75,697 = 180

So the angle that we can use in our formula is: 75,697

When we calculate 180 - (75,697 + 90) = 14,303

So:

The angle of the trendline we need just to draw a "real" 90 Degree trendline is 14,303

And I placed it on the chart by using a FiboFan tool...

The result I get is different than what Swede draws on his own screen.

Maybe I made some calculation mistakes. I donnow how objectivity can be removed from this approach.

Best regards to everyone

Especially, thanks to Swede who shares his hard-earned information.
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Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,232
  • Edited 11:20am Jul 12, 2020 11:10am | Edited 11:20am
Quoting selym_co
{quote} Objectivity of drawing those 90 Degree Angles is the most confusing element in my opinion. Swede is a very experienced trader, that is why his eyes automatically consider details that avarage traders (like me) do not see them. Since the morning I have been making calculations just to find a "real" 90 degree trendline and place it on my chart. Below you can see the bearish move I took as a reference. It is marked with a blue triangle. I know it might change from Broker to Broker... but the values on my chart are: Distance: 353 Pips Duration:...

Let's take a look at the overlay in swede's post 2213. Notice it puts everything in terms(chunks/divisions) of 180 degrees. We are dealing with linear charts...lines. Pprice can only go up or down.... It is linear, so that is why 180 degrees. straight line = 180 degrees. That makes sense to my peanut brain. lol

If we start from a division of 180 degrees we know where on a swing or even a bunch of swings to fit a right angle so that the right angle is dividing the Linear price that we have defined using 180 degrees. When price respects it we can say we have found what Gann called a "price vibration". At least that is my theory, for now.

I don't know if that helps your triangle experiment or not. Just my thoughts when i saw your post. Maybe it is helpful somehow? Don't go by me, I know very little about Gann trading. the only Gann book I read cover to cover was the Tunnel through the Air. Interesting book. Very mysterious.

somebody mathematical could probably use Tau or Pi to find right angles if they were so inclined as well. Triangles that are not part of a circle (or semi cirlce) would not seem to fit what Gann was teaching I don't think. Geometry of a circle, with 180 degrees being a straight line, it seems to me is what it is about.

anyway just thought I'd post my crazy thoughts!

Cheers

PS imagine Swede's overlay on the that swing you have defined(chosen) in your chart. See where price reacts on the overlay. As you guys know, MT4 sucks but
  • #2,233
  • Edited 12:13pm Jul 12, 2020 11:31am | Edited 12:13pm
just playing here

id did it quick and didst not verify it is 90 degrees. just eyeing it up something like that or that

that circle instrument is fun to play with.
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  • #2,234
  • Jul 12, 2020 11:44am Jul 12, 2020 11:44am
Quoting dagoods
{quote} Let's take a look at the overlay in swede's post 2213. Notice it puts everything in terms(chunks/divisions) of 180 degrees. We are dealing with linear charts...lines. Pprice can only go up or down.... It is linear, so that is why 180 degrees. straight line = 180 degrees. That makes sense to my peanut brain. lol If we start from a division of 180 degrees we know where on a swing or even a bunch of swings to fit a right angle so that the right angle is dividing the Linear price that we have defined using 180 degrees. When price respects it...
Thank you very much for your comments and for expressing your opinions. But what i think is, when GANN was emphasizing 90-45 Degree angles, he was actually referring to Square of Nine. For example let's make relevant calculations about the bearish trend that I marked with a blue triangle above.

As I told above:

Distance: 353 Pips
Duration: 90 Candles

I found those numbers in square of nine and marked 2 other numbers just next to them. (90 degree refers to North, south, east and west)

Guess what:

Characteristics of the next wave must be:

Distance: 282, 353 or 432
Duration: 57 Candles, 90 Candles or 131 Candles



And here are the characteristics of actual move:

Distance: 291 Pips (I guess here we can say that "282" worked)
Duration: 88 Candles (I guess here we can say that "90 Candles" worked)

This is what I understand from "90 Degrees"

I know I shudnt change the main theme of the discussion, but I just wanted to share my opinion.

If you think its nonsense...just ignore it

Best Regards
Attached Image
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  • #2,235
  • Jul 12, 2020 11:54am Jul 12, 2020 11:54am
Quoting Swede
Now some like to square time and price so your cycles lines equal the distance between octave horizontal lines...you can use your circle tool to measure and your chart will look more like this... {image} {image}

The graphic of that post shows a cross-hairs making 90 degrees from the center of the circle. Just an observation.
  • #2,236
  • Jul 12, 2020 11:59am Jul 12, 2020 11:59am
Quoting selym_co
{quote} Thank you very much for your comments and for expressing your opinions. But what i think is, when GANN was emphasizing 90-45 Degree angles, he was actually referring to Square of Nine. For example let's make relevant calculations about the bearish trend that I marked with a blue triangle above. As I told above: Distance: 353 Pips Duration: 90 Candles I found those numbers in square of nine and marked 2 other numbers just next to them. (90 degree refers to North, south, east and west) Guess what: Characteristics of the next wave must be:...
TY for the reply.
I wouldn't know. Like I said just trying to add to the discussion FWIW. Feel free to ignore my crazy experiments as well! lol.

Cheers
  • #2,237
  • Jul 12, 2020 1:04pm Jul 12, 2020 1:04pm
Quoting selym_co
{quote} Objectivity of drawing those 90 Degree Angles is the most confusing element in my opinion. Swede is a very experienced trader, that is why his eyes automatically consider details that avarage traders (like me) do not see them. Since the morning I have been making calculations just to find a "real" 90 degree trendline and place it on my chart. Below you can see the bearish move I took as a reference. It is marked with a blue triangle. I know it might change from Broker to Broker... but the values on my chart are: Distance: 353 Pips Duration:...
This is an overkill of very simple concept. 90degree is plain and simple 90 degree as taught in school, use on screen overlay tools to cross check.

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the tool is posted here:
maneverfix replied Jun 8, 2020
  • #2,238
  • Jul 12, 2020 1:15pm Jul 12, 2020 1:15pm
Quoting maneverfix
{quote} This is an overkill of very simple concept. 90degree is plain and simple 90 degree as taught in school, use on screen overlay tools to cross check. {image} the tool is posted here: maneverfix replied Jun 8, 2020
Maybe you are right...maybe I was exaggrating things...

Best Regards
Imagination rules the world ...
Selym Hyll Return This Year: na
  • #2,239
  • Edited 5:27pm Jul 12, 2020 5:07pm | Edited 5:27pm
Quoting selym_co
{quote} Objectivity of drawing those 90 Degree Angles is the most confusing element in my opinion. Swede is a very experienced trader, that is why his eyes automatically consider details that avarage traders (like me) do not see them. Since the morning I have been making calculations just to find a "real" 90 degree trendline and place it on my chart. Below you can see the bearish move I took as a reference. It is marked with a blue triangle. I know it might change from Broker to Broker... but the values on my chart are: Distance: 353 Pips Duration:...
That just simply is not a 90 degree angle.....sorry....just looking at it clearly not a right angle...great discussion all!

Try to tweak the drawing...I started to draw this impulse from the test and failure...should be close...
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  • #2,240
  • Jul 12, 2020 5:30pm Jul 12, 2020 5:30pm
Quoting HoTuanViet
{quote} If you want to copy his experience. Please review his scaling through the pictures that Mr. Swede shared. I showed you this way to make it easier. 1. Look at his rate and time share on mt4. 2. Then you set up your mt4 screen to fit your computer screen. To me, his scale seems to fit my screen. Take a look at the picture to see more. Notice that, for every 1 square in mt4 as shown, there will be 16 bars and 340 points. If you want each square to be 8 bars, then you would divide the ratio by dividing 2 scale prices by the price I'm not sure...

All, I found out why my charts were not matching up with Swede's. I run a resolution of 1920x1080. I changed my windows display scale from 100 to 125%.

What is interesting though is that even though my scale was off, I still saw entries off the trend lines.

thanks for all the wisdom
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