Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Economic Indicator Forecasting by Banks: Why and how 4 replies

Attachments: Time and Price Forecasting
Exit Attachments

Time and Price Forecasting

Quoting DiamondMiner
{quote} ...because of the needed adjust after you apply the Beck's Emblem upon the Quadrilateral line...
Could you please elaborate on this needed adjustment?

Also "I have seen there is no substitute", what would need to be done to the above indicator to approach the paid for software?

From what I can tell the emblem is made as:
- an impulse line on a recent trend, as the 0 degree angle line, which also forms 1 side of a square, enclosed in a circle
- all other angle lines/offet angles fan away from that impulse line at 15-26-38-52-64-75 degree values
- source of all the angle lines are from the earlier time/left side of the impulse line
- the indicator can be drawn for upwards/downwards impusle lines/anywhere the user drags that line
Quoting jeanlouie
{quote} Could you please elaborate on this needed adjustment? Also "I have seen there is no substitute", what would need to be done to the above indicator to approach the paid for software? From what I can tell the emblem is made as: - an impulse line on a recent trend, as the 0 degree angle line, which also forms 1 side of a square, enclosed in a circle - all other angle lines/offet angles fan away from that impulse line at 15-26-38-52-64-75 degree values - source of all the angle lines are from the earlier time/left side of the impulse line -...
Jeanlouie, it's difficult for me to explain as I am not a coder. But I have addressed this problem many times before with no success. Please do as I have asked and you'll know everything. Get the Trial for $1 https://optuma.com/UFM Contact them and ask them to include Beck's Pkg with the Trial, they will upon request.
MT4 is a terrible trading platform, yes I cut my teeth on it but moved on. Basically, trying to make Beck's Emblem out of MT4 is like trying to make "Chicken Salad out of Chicken Shit". I am not a Coder but every coder told me, it's not possible. However, if there is disbelief, get the Trial as mentioned previously. Look, I don't care if anyone uses Optuma or not, but it made my trading easier. There are a lot of ways to do anything. I'm up almost 7K this month. I wish all of you Success. Jeanlouie, you only need a few tools like the 1. Quadrilateral, 2. the Price Extension Tool and 3. the Price Replacement Tool, all found on Optuma. The later two are based on Fibonacci I think? The later two alone can make anyone rich, throw in the Quadrilateral and Vola.... Everything I do are Odds of Mathematical Probability, that's what the tools do, is stack the opportunity in your favor. Jeanlouie, see the Initiate Level Course taught my Beck, I think I was his first student maybe 12 years ago. Today he's become a recluse and so am I, not much different. Let me dig up some info that will help you on the Quadrilateral.
DM
You NEVER will be the person you could be, without pressure & discipline
I hope this helps some of you traders....
Inserted Video
You NEVER will be the person you could be, without pressure & discipline
Quoting DiamondMiner
{quote} ...have addressed this problem many times before with no success... every coder told me, it's not possible...
Yep, you're right. Watching your link above and youtube.com/watch?v=98CVJQrcH2I in particular shows me there's more to it than just a static emblem as you've pointed out. Drawing/dragging that filled quadrilateral is fine, but adjusting the time axis smoothly to make the A-C line match the square side wont be doable, mt4 only supports smooth and limited scaling on the price axis, and super limited scaling/zoom options on the time axis. So using the emblem is the full way intended, in mt4, as youv'e stated, isn't doable. I am envious of the precise object drawing on the Optuma platform, trying to do trig calculations on timeprice-xy coords in mt4 is doable, but when plotting those objects, almost always something is off as objects have to be given a time value that is -+ a few pixels.
Quoting jeanlouie
{quote} Yep, you're right. Watching your link above and youtube.com/watch?v=98CVJQrcH2I in particular shows me there's more to it than just a static emblem as you've pointed out. Drawing/dragging that filled quadrilateral is fine, but adjusting the time axis smoothly to make the A-C line match the square side wont be doable, mt4 only supports smooth and limited scaling on the price axis, and super limited scaling/zoom options on the time axis. So using the emblem is the full way intended, in mt4, as youv'e stated, isn't doable. I am envious of the...
Jeanlouie, glad you understand the issue, I'm busy everyday and me trying to explain the issues to the problem, my time wouldn't permit. If you can make these three tools, successful trading becomes a no brainier... like I quoted: I wish all of you Success. Jeanlouie, you only need a few tools like the 1. Quadrilateral, 2. the Price Extension Tool and 3. the Price Replacement Tool,
If you can make those tools for MT4, you could sell them for any price you want, because they'd be GOLD.
You NEVER will be the person you could be, without pressure & discipline
Quoting DiamondMiner
{quote} Jeanlouie, glad you understand the issue, I'm busy everyday and me trying to explain the issues to the problem, my time wouldn't permit. If you can make these three tools, successful trading becomes a no brainier... like I quoted: I wish all of you Success. Jeanlouie, you only need a few tools like the 1. Quadrilateral, 2. the Price Extension Tool and 3. the Price Replacement Tool, If you can make those tools for MT4, you could sell them for any price you want, because they'd be GOLD.
I agree the static emblem by itself is lacking, but what I have found is Becks 52 degree offset retrace test in an up trend, or the 38 degree offset retrace test in a downtrend work very well on a properly scaled mt4 chart.....but you don’t need an emblem to tell you that...it’s called drawing the damn lines in your analyses..lol Anyway, what an outstanding week for for currencies...just get on board and hang on.....will next week show some second thoughts???
ALL analyses begins with an impuse wave
Quoting DiamondMiner
{quote} Rubernet, thanks for the post however, because of the needed adjust after you apply the Beck's Emblem upon the Quadrilateral line, this indicator will never be useful. Personally, there has been many renditions of the Beck Emblem but because of the issues of the software that won't allow it to work. I wish it could, but no Cigar(imitated but never duplicated). Sadly, as far as I have seen there is no substitute for Optuma software and buying Beck's pkg. within it. In all honesty Optuma software will may for itself in one trade. Let's be...
Hi DM

Thank you for your feedback, pity the indicator does not totally satisfy, at least a starting point for me. The 38 and 52 offset in the emblem can at least be used quite accurately. Still a great thank you for Jeanlouie for coding the indicator on my request. My next request to the coder was going to be to incorporate the Gartley into the emblem but will heed to your advice about the software issue.

Looks like you might have Jeanlouie's attention on the 1. Quadrilateral, 2. the Price Extension Tool and 3. the Price Replacement Tool, hopefully Jean will surprise us with the gold as you call it.

I will give Optuma a go, thx for the heads up on that.
Trade Without Fear
Quoting DiamondMiner
{quote} Jeanlouie, it's difficult for me to explain as I am not a coder. But I have addressed this problem many times before with no success. Please do as I have asked and you'll know everything. Get the Trial for $1 https://optuma.com/UFM Contact them and ask them to include Beck's Pkg with the Trial, they will upon request. MT4 is a terrible trading platform, yes I cut my teeth on it but moved on. Basically, trying to make Beck's Emblem out of MT4 is like trying to make "Chicken Salad out of Chicken Shit". I am not a Coder but every...
Hello DM,
Can you please direct us to Initiate Level Course taught by Beck and other courses by Ross Beck, you have mentioned above.
Quoting sradia
{quote} Hello DM, Can you please direct us to Initiate Level Course taught by Beck and other courses by Ross Beck, you have mentioned above.
You can see them for free on this thread I think, it's been a while since I posted them, people still watch them because I see the Server downloads each week. Check each page After you have taken the course and If you choose to go to the advanced Course, let me know first, I could save you money. (I'll get you a discount, as I have known Beck for many years)
DM
You NEVER will be the person you could be, without pressure & discipline
Quoting DiamondMiner
{quote} You can see them for free on this thread I think, it's been a while since I posted them, people still watch them because I see the Server downloads each week. Check each page After you have taken the course and If you choose to go to the advanced Course, let me know first, I could save you money. (I'll get you a discount, as I have known Beck for many years) DM
Hello DM, Thank you for your quick response. Is there a website with details of the both the courses. SR.
Quoting sradia
{quote} Hello DM, Thank you for your quick response. Is there a website with details of the both the courses. SR.
https://geometrictrading.com/
You NEVER will be the person you could be, without pressure & discipline
  • Post #2,412
  • Quote
  • Edited Aug 3, 12:45pm Aug 3, 12:18pm (2 hr 17 min ago) | Edited Aug 3, 12:45pm
One of the things I have learned is this......One has to know how to use an indicator before discounting it as not working. The failure at octave level 7 was the entry....closing was at the emblem offset angle 26 for over 60 pips net......anyway, always hear the same thing....macd is a lagging indicator, rsi lags, stochastics lag....moving averages lag......what a load of BS.....yes they lag, but if you learn how to use them they work splendidly as many professional traders have proven time and time again. I think the work here on the emblem is brilliant....yes mt4 has some scaling issues but they can be overcome....my rant for Monday morning...
Attached Images (click to enlarge)
Click to Enlarge Name: gbpusdi-h1-tw-corp-2 August 3.png Size: 32 KB Click to Enlarge Name: August 3.png Size: 48 KB
ALL analyses begins with an impuse wave
  • Post #2,413
  • Quote
  • Aug 3, 12:46pm (1 hr 49 min ago) Aug 3, 12:46pm (1 hr 49 min ago)
Quoting Swede
One of the things I have learned is this......One has to know how to use an indicator before discounting it as not working. The failure at octave level 7 was the entry....closing was at the emblem offset angle 26 for over 60 pips net......anyway, always hear the same thing....macd is a lagging indicator, rsi lags, stochastics lag....moving averages lag......what a load of BS.....yes they lag, but if you learn how to use them they work splendidly as many professional traders have proven time and time again. I think the work here on the emblem is...
Hi Swede

Glad you are positive about the indicator, I have the same view, again all credit to the coder.
Trade Without Fear
  • Post #2,414
  • Quote
  • Aug 3, 1:14pm (1 hr 22 min ago) Aug 3, 1:14pm (1 hr 22 min ago)
Quoting Rubernet
Hi DM and Swede Please evaluate the Beck's Emblem indi and give me your feedback. Beck's_Emblem - creates an emblem on loading or parameter change, if btn is shown then emblem is made on btn click - dyad, tetrad, triad - all lines are stylable, the angle lines have ray options - 0-90 degree labels, with optional notes if you want to add a note to a line - reversible -up/down -backwards/forwards - intended for use on a fixed scale chart, will rescale if main line is selected on a non-fixed scale chart - because of the way it needs to be calculated,...
Thank you very much Rubernet and Jeanlouie. This indicator is very useful and helpful to my analysis I usually draw manually which sometime get screwed but now with the help of this tool it save time and energy. Thank you ones more.
  • Post #2,415
  • Quote
  • Aug 3, 1:16pm (1 hr 19 min ago) Aug 3, 1:16pm (1 hr 19 min ago)
Quoting Swede
One of the things I have learned is this......One has to know how to use an indicator before discounting it as not working. The failure at octave level 7 was the entry....closing was at the emblem offset angle 26 for over 60 pips net......anyway, always hear the same thing....macd is a lagging indicator, rsi lags, stochastics lag....moving averages lag......what a load of BS.....yes they lag, but if you learn how to use them they work splendidly as many professional traders have proven time and time again. I think the work here on the emblem is...
Correctly said. Thank you Swede.
  • Post #2,416
  • Quote
  • Aug 3, 1:26pm (1 hr 9 min ago) Aug 3, 1:26pm (1 hr 9 min ago)
Quoting Swede
One of the things I have learned is this......One has to know how to use an indicator before discounting it as not working. The failure at octave level 7 was the entry....closing was at the emblem offset angle 26 for over 60 pips net......anyway, always hear the same thing....macd is a lagging indicator, rsi lags, stochastics lag....moving averages lag......what a load of BS.....yes they lag, but if you learn how to use them they work splendidly as many professional traders have proven time and time again. I think the work here on the emblem is...
Is that horizontal line using Fib or MML? If its MML, what parameter you used to get it at the low and high of the impulse you have on your map? Vertical are easier with cycle but not sure with horizontal one. Fib works but i use fib for normal retracement and then have to keep changing the setting so thought it would be worth using MML instead.
Quoting Rubernet
{quote} Hi Swede Glad you are positive about the indicator, I have the same view, again all credit to the coder.
Im checking a bunch of daily charts...the attached is the daily GBP with a Gartely pattern which is the ideal circumstance for the emblem. the chart is scaled according to 4 candles per grid line which is 96 hours X 18 grids from bottom to top = 1728 pips....scale fixed from there.

Anyway, the Gartly "D" would have been the ideal spot to go long.... now apply the Emblem and guess where the best place to take profits and reverse direction (for over 500 pips)..?.you got it...right at the 52.....
Attached Images (click to enlarge)
Click to Enlarge Name: GARTLY.png Size: 50 KB Click to Enlarge Name: Gartley Beck.png Size: 61 KB
ALL analyses begins with an impuse wave
  • Post #2,418
  • Quote
  • Last Post: Aug 3, 2:02pm (33 min ago) Aug 3, 2:02pm (33 min ago)
Quoting Thakkx
{quote} Is that horizontal line using Fib or MML? If its MML, what parameter you used to get it at the low and high of the impulse you have on your map? Vertical are easier with cycle but not sure with horizontal one. Fib works but i use fib for normal retracement and then have to keep changing the setting so thought it would be worth using MML instead.
Thakkx.....I have adjusted my fib retracement tool divided into 8 parts or octaves....that way we have a true measure of the last major swing divided by 8.....MM has some calculations that are different....I like a true Gann measurement...that is a basic teaching of Gann...the division of major swings by 8 or octaves...
Attached Image (click to enlarge)
Click to Enlarge Name: fib settings.png Size: 30 KB
ALL analyses begins with an impuse wave
7 traders viewing now, 3 are members:
parisboy
,
Ebali1
,