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Time and Price Forecasting

  • #2,281
  • Edited 3:25pm Jul 16, 2020 3:03pm | Edited 3:25pm
just some more illustrations, this time from high to low....hits some pretty nice places and all of this drawn in about 10 minutes using a TWO DOLLAR PROTRACTOR...LOL
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  • #2,282
  • Jul 16, 2020 6:34pm Jul 16, 2020 6:34pm
Attached Image (click to enlarge)
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Let's go back in History https://www.forexfactory.com/showthr...5#post12489805
Now let's think... Here is a lesson plan I saved from my mentor about a decade ago. The lesson was to reveal how Support and Resistance areas can be identified many times well in advance.
Attached Image (click to enlarge)
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Now looking at both of these charts tells a big story here. What we are doing is seeing where S&R play a role in figuring out where to expect a turn.
If you cannot figure out how to make money now, you'd better quit trading.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #2,283
  • Jul 16, 2020 10:49pm Jul 16, 2020 10:49pm
Quoting DiamondMiner
{image} Let's go back in History https://www.forexfactory.com/showthr...5#post12489805 Now let's think... Here is a lesson plan I saved from my mentor about a decade ago. The lesson was to reveal how Support and Resistance areas can be identified many times well in advance. {image}Now looking at both of these charts tells a big story here. What we are doing is seeing where S&R play a role in figuring out where to expect a turn. If you cannot figure out how to make money now, you'd better quit trading. DM
Thanks DM Sir, for always keep me on track. This Gem has slipped out of my mind. Will dedicate this weekend for practising this.
  • #2,284
  • Jul 16, 2020 11:07pm Jul 16, 2020 11:07pm
Quoting maneverfix
{quote} Thanks DM Sir, for always keep me on track. This Gem has slipped out of my mind. Will dedicate this weekend for practising this.
It never has to be complicated. Most teachings are a lie, think simplicity always. Notice how Swede, keeps it simple. Somehow we as humans think a working system must be difficult, nothing is further from the truth. It's just drawing lines.
You NEVER will be the person you could be, without pressure & discipline
  • #2,285
  • Jul 16, 2020 11:17pm Jul 16, 2020 11:17pm
My view point upon Religion. In Jenkins documents he sometimes refers to religion. To me Religion is PERSONAL. I've traveled the globe many times and I had never allowed someone else's, Personal belief interfere with mine.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #2,286
  • Jul 17, 2020 1:25am Jul 17, 2020 1:25am
Quoting DiamondMiner
{quote} It never has to be complicated. Most teachings are a lie, think simplicity always. Notice how Swede, keeps it simple. Somehow we as humans think a working system must be difficult, nothing is further from the truth. It's just drawing lines.
Yes Sir,
Still number of times it so happens that I lose sight of simple things
  • #2,287
  • Edited 11:16am Jul 17, 2020 10:55am | Edited 11:16am
Quoting DiamondMiner
{image} Let's go back in History https://www.forexfactory.com/showthr...5#post12489805 Now let's think... Here is a lesson plan I saved from my mentor about a decade ago. The lesson was to reveal how Support and Resistance areas can be identified many times well in advance. {image}Now looking at both of these charts tells a big story here. What we are doing is seeing where S&R play a role in figuring out where to expect a turn. If you cannot figure out how to make money now, you'd better quit trading. DM

https://fibonacci.com/chart-of-terms/

Isoceles chart test pic >>>>

& even the same triangle on different timeframe

Pretty wild.
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Click to Enlarge Name: same triangle on different timeframe.png Size: 77 KB
  • #2,288
  • Jul 17, 2020 12:30pm Jul 17, 2020 12:30pm
hey guys...after analyzing gbpjpy i entered 2 orders...first was at 134.785 at the 90 degree trend line...when it hit the MKL64 line it began retreating so i added another order at 135.000

in the first pic you can see how price moved...the 6/8th octave was a major support area and i would have been content to jjust hold for the long term but instead i decided to set my TP at the R38 level and wait for a possible retracement while locking in some pips...didn't take long as the very next candle breached the 6/8ths octave level and once it fell back below i re-entered my position...happy camper

enjoy the weekend...cheers
Attached Image(s) (click to enlarge)
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"the fool and the prophet walk hand in hand..."
  • #2,289
  • Jul 17, 2020 1:12pm Jul 17, 2020 1:12pm
When your trading currency, nothing can be predicted to the penny....but in this case I should have known....I have been short from the Arrow.....holding for the bigger move, now my stop is being threatened. I'm a great believer in scaling in and scaling out but didnt adhere to my own rules this time....may still be ok, but very shaky at the moment...lol
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  • #2,290
  • Jul 17, 2020 2:54pm Jul 17, 2020 2:54pm
Quoting DiamondMiner
{image} Let's go back in History https://www.forexfactory.com/showthr...5#post12489805 Now let's think... Here is a lesson plan I saved from my mentor about a decade ago. The lesson was to reveal how Support and Resistance areas can be identified many times well in advance. {image}Now looking at both of these charts tells a big story here. What we are doing is seeing where S&R play a role in figuring out where to expect a turn. If you cannot figure out how to make money now, you'd better quit trading. DM
Well, I am not going to quit trading, but I could use a step by step explanation of these two charts...
  • #2,291
  • Jul 17, 2020 4:25pm Jul 17, 2020 4:25pm
Hello newbie here to learn from the gurus before they make me quit trading
Trying to learn the 90 angle line on the impulse and not sure if am doing anything right here or just coincident
The 90 degree angle from the last impulse become support and resistance for the next one on GBPUSD 1Hr. the chart look bit messy but hope it make sense. Not sure if its worthy of asking someone to provide comment either way please. Based on this i assume price to move up all the way up to 1.2650 and revert back to bottom of the last impulse 90 degree support, so around 1.2550
Attached Image (click to enlarge)
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  • #2,292
  • Jul 17, 2020 4:45pm Jul 17, 2020 4:45pm
Quoting Swede
{quote} Well, I am not going to quit trading, but I could use a step by step explanation of these two charts...
Page 58 of The Secret Science:

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lets learn.
  • #2,293
  • Jul 17, 2020 5:12pm Jul 17, 2020 5:12pm
Quoting maneverfix
{quote} Page 58 of The Secret Science: {image}{image} lets learn.
Very nice of you to post that, much appreciated because many new traders simply shut their eyes and move on when they are left to figure out the analyses used here. Now for me dealing with turning points on a chart with 2 years of data with only a few turning points is not of too much benefit overall, but give me a 1 hour chart with 2 weeks of data and you have my attention....now the analyses is the same basically, but my point is are we investors or traders? So, new traders, don’t be taken aback when you see something like this.....keep building understanding and a light bulb will turn on one day.

ps....be aware the method illustrated by DM and explained by maneverfix are designed for charts that can be scaled properly, mt4 is sadly lacking in this area....not so bad on short term charts, but a disaster if your analyzing 2 years of data
  • #2,294
  • Jul 17, 2020 5:29pm Jul 17, 2020 5:29pm
Quoting Thakkx
Hello newbie here to learn from the gurus before they make me quit trading Trying to learn the 90 angle line on the impulse and not sure if am doing anything right here or just coincident The 90 degree angle from the last impulse become support and resistance for the next one on GBPUSD 1Hr. the chart look bit messy but hope it make sense. Not sure if its worthy of asking someone to provide comment either way please. Based on this i assume price to move up all the way up to 1.2650 and revert back to bottom of the last impulse 90 degree...
Great Thakkx.....you only need a few key ones on your chart to find absolutely great trades. Go to post 2281 for example....we use the circle only to add the time factor....but just look at the square drawn in the circle...the square gives you the 90 degree from the top and bottom.....the additions offset angles like the 52 or others offer proven support / res.....but that is optional.....keep practicing and read and study.....
  • #2,295
  • Jul 17, 2020 5:37pm Jul 17, 2020 5:37pm
FWIW

"If we divide 360 degrees by nine, we get 40, which measures 40 degrees, 40 days, 40 weeks and 40 months, and shows why bottoms often come out on angles measuring oneninth of the circle. …"

-W.D Gann

https://www.questia.com/magazine/1P3...l-thru-the-air

Don't ask me, just thought perhaps you fellas would find it interesting.

Cheers
  • #2,296
  • Jul 17, 2020 5:38pm Jul 17, 2020 5:38pm
Quoting Swede
{quote} Very nice of you to post that, much appreciated because many new traders simply shut their eyes and move on when they are left to figure out the analyses used here. Now for me dealing with turning points on a chart with 2 years of data with only a few turning points is not of too much benefit overall, but give me a 1 hour chart with 2 weeks of data and you have my attention....now the analyses is the same basically, but my point is are we investors or traders? So, new traders, don’t be taken aback when you see something like this.....keep...
Swede, you know as well as I do if one did some reading like The Secret Science of the Stock Market and Square the Range by M.S. Jenkins it would help tremendously and would levitate a lot of unnecessary questions that are asked on this thread. Post #1 clearly recommends a minimum of two years of treading experience. Granted everyone has to learn. I encourage young traders to learn and learn everything well so that success comes to them, that is where Time, Study and Due Diligence comes in.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #2,297
  • Jul 17, 2020 5:38pm Jul 17, 2020 5:38pm
Quoting Thakkx
Hello newbie here to learn from the gurus before they make me quit trading Trying to learn the 90 angle line on the impulse and not sure if am doing anything right here or just coincident The 90 degree angle from the last impulse become support and resistance for the next one on GBPUSD 1Hr. the chart look bit messy but hope it make sense. Not sure if its worthy of asking someone to provide comment either way please. Based on this i assume price to move up all the way up to 1.2650 and revert back to bottom of the last impulse 90 degree...
welcome to trading...you started on a solid path but you're only using one piece to a puzzle...sorta like trying to eat a steak and only using a fork...if it were always an omelette then yes...it would always work...unfortunately, it is never that simple...my suggestion would be for you look at the attachments that have been kindly provided by diamondminer and parisboy...understand the principles of wave theory and the beauty of geometry...if it were as simple as just using that 90 degree angle then no one would ever lose a trade my friend...but don't complicate things either...

price will always move up and down and i think that when swede originally posted the 90 degree angle it was moreso to show the beauty of it's simplicity...but other factors need to be taken into consideration...and even then the best you can hope for are potential pathways for price to move...there are simply too many variables to be correct 100% of the time...but i can assure you that by following the advice and experience of many of the folks here you will be a much better trader AND it will entirely change your perspective of life in general...and that is priceless...keep asking questions if you're confused...thru practice you will begin to see things that make sense...especially if you look at swede's circle, square examples...great stuff...best of luck and welcome aboard!!!
"the fool and the prophet walk hand in hand..."
  • #2,298
  • Jul 17, 2020 5:49pm Jul 17, 2020 5:49pm
Quoting kaoscoded
{quote} welcome to trading...you started on a solid path but you're only using one piece to a puzzle...sorta like trying to eat a steak and only using a fork...if it were always an omelette then yes...it would always work...unfortunately, it is never that simple...my suggestion would be for you look at the attachments that have been kindly provided by diamondminer and parisboy...understand the principles of wave theory and the beauty of geometry...if it were as simple as just using that 90 degree angle then no one would ever lose a trade my friend...but...
Kaoscoded, As this was posted earlier by myself and Parisboy it's possible it may be confusing, but a little reading and study as suggested in Post# 2,296 will answer a lot of questions.
Attached Image (click to enlarge)
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You NEVER will be the person you could be, without pressure & discipline
  • #2,299
  • Jul 17, 2020 6:09pm Jul 17, 2020 6:09pm
Quoting DiamondMiner
{quote} Kaoscoded, As this was posted earlier by myself and Parisboy it's possible it may be confusing, but a little reading and study as suggested in Post# 2,296 will answer a lot of questions. {image}
my goodness...are we still hanging around after hours like this? lol

you rock...as do parisboy and swede...kudos good sir...and a cheers to you guys for continuing to show 'a path less taken'

now i'm going to back to my beer and watch some videos...
"the fool and the prophet walk hand in hand..."
  • #2,300
  • Jul 18, 2020 1:35am Jul 18, 2020 1:35am
Quoting Swede
{quote} Very nice of you to post that, much appreciated because many new traders simply shut their eyes and move on when they are left to figure out the analyses used here. Now for me dealing with turning points on a chart with 2 years of data with only a few turning points is not of too much benefit overall, but give me a 1 hour chart with 2 weeks of data and you have my attention....now the analyses is the same basically, but my point is are we investors or traders? So, new traders, don’t be taken aback when you see something like this.....keep...
Hi,

Attached is an image of chart, it is unscaled (I just locked the scale to whatever it is at the moment), drawn 32deg from major bottom. Next from first high to low a trendline is drawn, the slope of trend line is 75 deg. Next just plotted 75 deg downscoping lines from every top. Please check the number of pivots caught to the bar. Timeframe is hourly.
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