Time and Price Forecasting | Page 119 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gann angles forecasting Method and SHIBA INU 0 replies

All the Forecasting and Prediction indicators on the market? 18 replies

Economic Indicator Forecasting by Banks: Why and how 4 replies

Anticipation vs. Forecasting 0 replies

Neral Networks to perform technical forecasting 0 replies

Attachments: Time and Price Forecasting
Exit Attachments

Time and Price Forecasting

  • #2,361
  • Jul 25, 2020 2:44pm Jul 25, 2020 2:44pm
Quoting EmmK
If anyone has the two books on market geometry 1 and....please send... {image}
Post #934 uploaded by DM already.
  • #2,362
  • Jul 25, 2020 3:39pm Jul 25, 2020 3:39pm
Quoting Thakkx
{quote} Post #934 uploaded by DM already.
Thanks...but I meant the ones by Bradley and not Gilmore.
  • #2,363
  • Jul 25, 2020 3:46pm Jul 25, 2020 3:46pm
Quoting Thakkx
{quote} Thanks for sharing this and is so accurate. The scale factor for other pair, is it just trial and error. I mean is there a process that we came to 20 for eurusd?
I found the scale in a book by James A. Hyerczyk---Pattern, Price and Time: Using Gann Theory in Technical Analysis


However I'm looking to see how the scale and the the growth pattern are being explained in----Il Trading Geometrico by davide catanossi
  • #2,364
  • Jul 25, 2020 7:07pm Jul 25, 2020 7:07pm
Quoting Swede
{quote} Makenas, nice to see you again.....first thing is zoom your chart out one setting, I can see that without having my platform in front of me, second thing is I scale my chart a bit, but I am away from my office at the moment, returning Monday. I will give you some settings I use for cable. Other currencies have different settings and you will find a way to set them once you understand how. I disagree with DM over the opinion that you need expensive charts like Optuma. ( like 12 grand for the top tier, and you still gave to know how to scale...
I face similar issues. It will be a great idea to have this training on circumventing the issues of mt4 scaling. Also thank you for all your contributions here, I read and take notes from everything you are placing here. Thanks to DM too, on whose advise, I dabbled into this line of trading.
  • #2,365
  • Jul 25, 2020 8:00pm Jul 25, 2020 8:00pm
what will happen on coming monday about Eur/usd I have sale and its going up so I am losing money its negativ when it will be pull back and how much
  • #2,366
  • Edited Jul 26, 2020 3:58pm Jul 25, 2020 10:52pm | Edited Jul 26, 2020 3:58pm
Scaling your Mt4 chart....... I had a few minutes tonight to answer the age old question of how to scale your mt4 chart. All we are trying to do is find a way to have our workspace reflect time and price being equal on the screen we work from. If it is scaled properly, a 45 degree, or 90 degree will be just that and once scaled you will be amazed how accurate some of these angles are. And you do not need $12000.00 charts because they also need to be scaled , they just have some better user friendly tools...for a price.

If your shy about all this and you want to stay with free mt4 charts, then just pay attention to horizontal levels, like fibs, pivots, historical supp or res. and you can trade just fine. But if you really want to use some of the Gann methods then scaling is mandatory to hone in on some extemely accurate areas.... so here is a step by step of how I square my chart screen, a 17 inch rectangular laptop....

Go through the same exercise and you will be amazed. Now, you can just use the standard display with mt4, you will still catch many good entries if you pay attention....but I dont like iff's...I demand more so here it is.

Edit......Tolarni just pointed out a misstatement....the charts below are based on 8 candles per square, meaning 32 hours per square and instead of 288 pip, it should have read 576...(32 hours X 18 squares = 576)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Time and Price 1.png Size: 72 KB
Click to Enlarge Name: time and price 2.png Size: 67 KB
Click to Enlarge Name: time and price 3.png Size: 56 KB
Click to Enlarge Name: time and price 4.png Size: 60 KB
  • #2,367
  • Jul 25, 2020 10:55pm Jul 25, 2020 10:55pm
Quoting Chiran
what will happen on coming monday about Eur/usd I have sale and its going up so I am losing money its negativ when it will be pull back and how much
this is a common mistake with most traders, they forget about the starting point of the trend.
as long as the pair making higher highs and higher lows compared to the starting point, then the trend is strong to the upside, until it makes a lower high then break the last low, you start thinking about selling.

a good solution for this problem, draw a simple trendline from the starting point of the trend and every time the pair make a higher low, drag the end point of the trendline to last low and keep reading simple dow HH HL, and vice versa with down trend, drag the end point of the trendline to the last lower high and keep reading LH LL

Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter 1933.png Size: 182 KB

cheers,
"the public is not yet ready for it" W.D. GANN
  • #2,368
  • Jul 25, 2020 10:56pm Jul 25, 2020 10:56pm
correction on the very last chart...should read 90 degree from offset...on the upper right hand side...lol Eye strain..lol
  • #2,369
  • Jul 26, 2020 3:50am Jul 26, 2020 3:50am
Quoting EmmK
{quote} I found the scale in a book by James A. Hyerczyk---Pattern, Price and Time: Using Gann Theory in Technical Analysis However I'm looking to see how the scale and the the growth pattern are being explained in----Il Trading Geometrico by davide catanossi
Found one video on YouTube, if you haven't already seen it.
झलकझलक1:12:38Introduzione al Trading Geometrico - Webinar del 5 Luglio 2018 con Davide Catanossi
  • #2,370
  • Jul 26, 2020 7:43am Jul 26, 2020 7:43am
Quoting Kwt4x
{quote} this is a common mistake with most traders, they forget about the starting point of the trend. as long as the pair making higher highs and higher lows compared to the starting point, then the trend is strong to the upside, until it makes a lower high then break the last low, you start thinking about selling. a good solution for this problem, draw a simple trendline from the starting point of the trend and every time the pair make a higher low, drag the end point of the trendline to last low and keep reading simple dow HH HL, and vice versa...
Please how was the bars counted in.
I mean number 3
Thanks In Advance Swede
  • #2,371
  • Jul 26, 2020 1:18pm Jul 26, 2020 1:18pm
Quoting Tolarny
{quote} Please how was the bars counted in. I mean number 3 Thanks In Advance Swede
Not sure I understand.....but once you have scaled your chart you no longer need the grid...that is why you cannot see it in the third chart or the fourth...
  • #2,372
  • Jul 26, 2020 1:39pm Jul 26, 2020 1:39pm
Quoting Swede
{quote} Not sure I understand.....but once you have scaled your chart you no longer need the grid...that is why you cannot see it in the third chart or the fourth...
I mean how did come about the 4bars per square??
Because I tried counting the bars in each box ...But I’m not getting 4bars per square???
  • #2,373
  • Jul 26, 2020 1:43pm Jul 26, 2020 1:43pm
Quoting Swede
Scaling your Mt4 chart....... I had a few minutes tonight to answer the age old question of how to scale your mt4 chart. All we are trying to do is find a way to have our workspace reflect time and price being equal on the screen we work from. If it is scaled properly, a 45 degree, or 90 degree will be just that and once scaled you will be amazed how accurate some of these angles are. And you do not need $12000.00 charts because they also need to be scaled , they just have some better user friendly tools...for a price. If your shy about all this...

TY for the precise instructions.

Cheers
  • #2,374
  • Edited 3:32pm Jul 26, 2020 3:17pm | Edited 3:32pm
Quoting Tolarny
{quote} I mean how did come about the 4bars per square?? Because I tried counting the bars in each box ...But I’m not getting 4bars per square???
your right...I should have said 8 bars per square, not 4, meaning 32 hours per square. I was getting tired, sorry.

Tolary....it all depends on how you want to display your chart. In this case I use 8 bars per square, if you zoom out your chart one level you will find there are 4 candles per grid square, meaning you want to base your chart on 16 hours per square, and make your adjustment to scale fix accordingly.

But again, it depends on how much history you want to see on your page, personally I find 8 Per square my preference, some like 4. I’m mainly a short term trader, 1 day to 3 or 4,,,
  • #2,375
  • Jul 26, 2020 3:24pm Jul 26, 2020 3:24pm
Quoting Swede
{quote} Tolary....it all depends on how you want to display your chart. In this case I use 4 bars per square, if you zoom your chart one level you will find there are 8 candles per grid square, meaning you want to base your chart on 32 hours per square, and make your adjustment to scale fix accordingly.
Okay Understood Thanks A lot Legend
  • #2,376
  • Jul 26, 2020 4:20pm Jul 26, 2020 4:20pm
Quoting Swede
{quote} your right...I should have said 8 bars per square, not 4, meaning 32 hours per square. I was getting tired, sorry. Tolary....it all depends on how you want to display your chart. In this case I use 8 bars per square, if you zoom out your chart one level you will find there are 4 candles per grid square, meaning you want to base your chart on 16 hours per square, and make your adjustment to scale fix accordingly. But again, it depends on how much history you want to see on your page, personally I find 8 Per square my preference, some...
Yea
Thanks for the clarification......I thought I was lost lol
  • #2,377
  • Jul 26, 2020 9:58pm Jul 26, 2020 9:58pm
Quoting EmmK
Hello everyone, hope everyone is well... Thank you DM for the thread and everyone else for contributing to the thread. I have really learnt a lot. And the best that I can do to show my appreciation is share what I have learnt... I HAVE ALWAYS REASONED THAT WHAT CAN BE DRAWN CAN BE REDUCED INTO MATHEMATICAL CALCULATIONS.... This has freed me from the need of scaled charts... I'm still learning though...there is so much to learn...Bradley and Earik and Michael have put me on a very interesting path... GBPUSD on Monday 27th of July at exactly 02:00...
GBPUSD buy...at 02:00 CAT time

Time is truly the greatest factor...

50 pips plus in 3 hrs.....

it should continue to buy till Friday and make a small retracement on Friday to Monday next week and buy on Monday again...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2020-07-27-01-39-58.png Size: 50 KB
Click to Enlarge Name: Screenshot_2020-07-27-04-46-10.png Size: 65 KB
  • #2,378
  • Jul 26, 2020 10:08pm Jul 26, 2020 10:08pm
Quoting EmmK
{quote} I found the scale in a book by James A. Hyerczyk---Pattern, Price and Time: Using Gann Theory in Technical Analysis However I'm looking to see how the scale and the the growth pattern are being explained in----Il Trading Geometrico by davide catanossi
20 pips appears to be the average daily open wick for EURUSD. For GBPUSD, I am showing 27.75 pips if anyone wants to try to find similarities. But this may be getting off topic.
  • #2,379
  • Jul 26, 2020 11:11pm Jul 26, 2020 11:11pm
Very good chance of a dump midweek or sooner. Currencies reacting to the horrible news coming out of US relative to the Corona virus....but the market will correct as it always does....we now have all topside resistance broken....but look at the gartley pattern....may take a day or so, but I would lay odds on a reversal in the near future...will try the emblem for some tradeable levels...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdi-h1-tw-corp USD WEAKNESS.png Size: 78 KB
  • #2,380
  • Jul 27, 2020 7:21am Jul 27, 2020 7:21am
Quoting forexdave1
{quote} 20 pips appears to be the average daily open wick for EURUSD. For GBPUSD, I am showing 27.75 pips if anyone wants to try to find similarities. But this may be getting off topic.
That's great...I don't know what you mean by average daily open wick...what are you referring to?
7 traders viewing now