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Time and Price Forecasting

  • #2,641
  • Oct 1, 2020 2:21pm Oct 1, 2020 2:21pm
Follow-up
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,642
  • Oct 2, 2020 8:24pm Oct 2, 2020 8:24pm
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,643
  • Oct 3, 2020 8:57am Oct 3, 2020 8:57am
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...
How is this done on Tradingview?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,644
  • Edited 1:04pm Oct 3, 2020 11:44am | Edited 1:04pm
Quoting kapital
{quote} How is this done on Tradingview?
Kapital IMHO you can not.

IF you want all done by your computer you will go nowhere IF your aim is to have it in an automatic way.

This de facto just mean that you do not use your brain and that you trust your computer .

More precisely you trust the guy who programmed the tool(s).

Do you understand your tool(s) ? How it really works ? Its limits ?

TRUST YOUR BRAIN

you just have to draw your Gann Square by hand.

It is easy and quick. Robust but not bad would have said Jim Hurst.

IMHO it is the best way to UNDERSTAND and CORRECTLY USE THE GANN SQUARE.

Hence by hand drawing your Square you will accurately learn and understand how a square develops itself, what are its limits and how to readapt it.
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  • #2,645
  • Oct 3, 2020 1:21pm Oct 3, 2020 1:21pm
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  • #2,646
  • Oct 3, 2020 11:04pm Oct 3, 2020 11:04pm
Quoting kapital
{quote} How is this done on Tradingview?
Parisboy is correct, this method is just for mt4...
  • #2,647
  • Edited 6:49am Oct 4, 2020 4:43am | Edited 6:49am
Thanks for the responses Parisboy...but how does this aid in drawing a dyad and tetrad? These are the drawings applicable to Swede's charts.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,648
  • Oct 4, 2020 12:31pm Oct 4, 2020 12:31pm
Quoting kapital
Thanks for the responses Parisboy...but how does this aid in drawing a dyad and tetrad? These are the drawings applicable to Swede's charts.
I do not use Dyad and Tetrad

Daniel T. Ferrera about "Hand Charting"


Hand charting is a dying art form due to computers and chart publications.

Maintaining a set of hand drawn charts on your favorite markets is strongly recommended! It takes very little time each day (only a few minutes) to update these charts.

By doing so, you become much more mentally connected to the market and will have little difficulty in remembering important prices.

Hand charting makes you much sharper and more alert to upcoming opportunities. It also gives you a better feel for the market that can develop into a type of intuition, which cannot be obtained by any other means.

I have even gone as far as drawing intra-day charts by hand. I suggest that you resurrect this lost art if you are truly serious about taking on the trading profession.

In summary, charts are used extensively because they are the best graphical representation of human logic and emotions.

They show us visually the cumulative effect of all the participants involved.

Charts also expose potential opportunities that might have otherwise escaped your attention. Hand charting connects you to the market more so than simply reading a chart. There is a certain level of expertise that can only be acquired from the manual process of drawing a chart. Markets are like people; each has its own personality, habits and nuances.

Your hand drawn charts will become your encyclopedia of knowledge of the market's action.

Charts are much more than a simple history of past prices.

They reflect and depict the ideas, actions, reactions, and emotions of the traders commercial interests and speculators involved.

If you want to write like someone in particular, just begin copying their work verbatim a few times, and you will develop a feel for their writing style.

If you want to paint like someone in particular, simply trace their artwork several times and you will develop similar skills and again obtain a feel for their style.

Drawing charts by hand accomplishes this same intuitive feeling for the markets.

This is not a requirement for success, but it is something that you should do as a standard operational procedure.

Just because there are more efficient methods to get the task done does not mean they are superior!

Try hand-drawing charts of the markets you are interested in for at least 2 months and I think you will be more than convinced of their value.9
  • #2,649
  • Oct 6, 2020 6:13am Oct 6, 2020 6:13am
Thanks Paris. Timothy Morge (R.I.P.) shared this same opinion about hand-drawn charts.

On another note, has anyone read this book?
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,650
  • Edited 9:24am Oct 6, 2020 9:04am | Edited 9:24am
Quoting kapital
Thanks Paris. Timothy Morge (R.I.P.) shared this same opinion about hand-drawn charts. On another note, has anyone read this book? {image}
old technical analysis school !

Yes - nothing useful for Trading (at least for me)

IMHO read this from Tony Plummer

and this one :

https://www.amazon.com/Psychology-Te...1994045&sr=8-5
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File Type: pdf Forecasting Financial Markets The Psychology of Successful Investing ( PDFDrive ).pdf   7.8 MB | 839 downloads
  • #2,651
  • Oct 6, 2020 1:45pm Oct 6, 2020 1:45pm
Time and Price forecasting drives me nuts at times. I look at some of the posts and they are so complicated I don't know how anyone could possibly make a rational decision. Diamond Miner, and others like Parisboy have an in depth concept drilled into their minds and relentlessly trade with great success....DM uses Optuma charts and Parisboy uses Tradingview.....they have settings that once set, stay in place and give them signal after signal.....but to try and copy their success using mt4 is the most frustrating endeavor a Forex trader could possibly undertake. I want to tell you there is a solution and it is called simplicity. it can be so simple that no one will believe me because for some reason T and P seems to only feed off complicated angles, circles, diads, triads and all manner of lines. Nothing wrong with any of them by themselves, but if your chart is not scaled properly they are very inaccurate where pulling the trigger is concerned with any confidence.

Here is a trade that is based off the most simple of simple concepts of Gann the Octave, using the most simple of simple charts, the 1 hour basic mt4 chart.
Find the start of an impulse wave....draw a square using your shape tool from the start forward....8 parts wide, 8 parts tall.....notice a reversal off the high about 6 hours ago....a strong reason to consider a short term reversal trade...its no accident folks.... you will find many opportunities just using this simple tool. So, if you feel overwhelmed with information regarding T and P...simplify!! Go back to the basics , a bare chart with grid and start drawing a few lines...simple.
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  • #2,652
  • Oct 6, 2020 2:11pm Oct 6, 2020 2:11pm
Quoting Swede
Time and Price forecasting drives me nuts at times. I look at some of the posts and they are so complicated I don't know how anyone could possibly make a rational decision. Diamond Miner, and others like Parisboy have an in depth concept drilled into their minds and relentlessly trade with great success....DM uses Optuma charts and Parisboy uses Tradingview.....they have settings that once set, stay in place and give them signal after signal.....but to try and copy their success using mt4 is the most frustrating endeavor a Forex trader could possibly...
and the result ..still have one runner on....
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  • #2,653
  • Oct 6, 2020 2:53pm Oct 6, 2020 2:53pm
then if you want to tweak it in a bit closer, you already have the grid to help your draw the 1 x 1, 2 x 1 etc etc. to give you some potential stopping points to consider closing or adding....simple
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  • #2,654
  • Oct 6, 2020 3:24pm Oct 6, 2020 3:24pm
and you can take your little octave with the grids and go back and make all kinds of areas of interest....notice how last week 2x1 led to todays trade ...simple.... one tool and the angles that count..simple and look at the buying opportunities with the trend.....simple simple concept
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  • #2,655
  • Oct 6, 2020 4:02pm Oct 6, 2020 4:02pm
Also today....cable.....140 pips anyone??????
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  • #2,656
  • Oct 6, 2020 11:25pm Oct 6, 2020 11:25pm
Simple divisions...
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  • #2,657
  • Oct 7, 2020 1:29am Oct 7, 2020 1:29am
Quoting Swede
Time and Price forecasting drives me nuts at times. I look at some of the posts and they are so complicated I don't know how anyone could possibly make a rational decision. Diamond Miner, and others like Parisboy have an in depth concept drilled into their minds and relentlessly trade with great success....DM uses Optuma charts and Parisboy uses Tradingview.....they have settings that once set, stay in place and give them signal after signal.....but to try and copy their success using mt4 is the most frustrating endeavor a Forex trader could possibly...
Thanks so much for this info.... please how do I get a Youtube video link of this strategy?
Best regards
  • #2,658
  • Oct 7, 2020 5:14am Oct 7, 2020 5:14am
Quoting kapital
Thanks Paris. Timothy Morge (R.I.P.) shared this same opinion about hand-drawn charts. On another note, has anyone read this book? {image}
fascinating book
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twitter: @gettoefl
  • #2,659
  • Oct 7, 2020 5:59am Oct 7, 2020 5:59am
Quoting Swede
Simple divisions... {image} {image} {image}
Simple and efficient.

Unfortunately NEVER publicly used by Gann himself !

In all my books published by Gann or orignal Gann papers published by others ( Romeman of gann study Group, Bradley Cowan etc) you can NOT find a Chart showing a real trade or an analysis using a" Gann Angle" system or a division by 8 of an interval between a High and a Low .

Strange ? Fascinating ?
  • #2,660
  • Oct 7, 2020 9:10am Oct 7, 2020 9:10am
Quoting parisboy
{quote} Simple and efficient. Unfortunately NEVER publicly used by Gann himself ! In all my books published by Gann or orignal Gann papers published by others ( Romeman of gann study Group, Bradley Cowan etc) you can NOT find a Chart showing a real trade or an analysis using a" Gann Angle" system or a division by 8 of an interval between a High and a Low . Strange ? Fascinating ?
I believe that Parisboy, in fact I only believe a very small portion of the absolute nonsense he taught. But the one thing that he did favour us with is the fact price reacts at certain levels and at certain times, or cycles, and it repeats over and over.
You don’t have to be a mathematician to see it work in front of your eyes, to put cash in the drawer, but his writings are so complicated at times one gets totally bogged down in over analysis.
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