Time and Price Forecasting

You can also build some "Quadrilateral " if you like it

Lesson : as we deal with the same Price Action IF these simple tools are really efficient they give us the same target Prediction Zone .... because they are based on the same operative principles

Follow up....target reached....hope all of this has given some of you frustrated ones some hope as to how to set up your mt4 charts for some pretty clear direction...

Now, if we go back to the hour chart that is drawn from the most recent swing, the minor swing that I use as a day trading chart...notice how the 1x1 plays such a roll in support or resistance...just a simple chart like this can tell you the time to take profits, or the time to get in....for those of you who requested the illustrations, have both the minor swing and the most recent major swing set up this way....gives you a huge adavantage to capture the big picture...

Im not going to be in the room the rest of the day, so practice, practices, practice, you will see the results, I guarantee it...and imagine this...you can use your mt4 charts without additional scaling because you are trading levels, instead of angles based on an un-scaled chart....works like a charm.

hmmmm, indeed...but look at the day chart, notice how both the hourly big swing chart and the day chart both had center of gravity in near the same place...as I said yesterday it was a make or break as it challenged the up trendline...it broke to my benefit but look where it reversed...

Milking Swede's Charts

According to R.N. Elliott in an uptrending Swing components Impulse Waves (Bullish) spend more time UP than Contracting Waves DOWN (Bearish)

The idea is to check where we are towards the Fibonacci report 0,618 / 0,382

Swede's chart shows 8 Time Units UP / 12,5 = 0,64

Swede & Parisboy
Its really good seeing you 2 guys working so well together
You have both presented a rather elegant, simple and effective way to trade
So with that in mind, rather than confuse anyone with my rambling and post's I have deleted them
Keep up the brilliant work guys

Trying to use Swede map with fibo fan

DAX Long Term Waves proportion

Now, leaving this to last.....scalping......you and I probably love to sneak a 20 pipper at the end of a session to kind add a tip for all our hard work and planning...in fact I seldom leave my charts without a nice reverse, countertrend trade. When the overlap between London and NY wraps up, and using this simple method works as well as any indicator or method in the house.....so, set up your 5 min charts like the 1 hour, make the same divisions.. you know this was a big move up from about 8 hrs ago....so once the trendline was broken, profit takers take their wins, those protecting their wins have their trailing stops hit, speculators pull their orders and so on, all creating a reversal, even though it may be short lived.....here is an example which easily could have banked 25 pips net....i didnt take it because i had appointments, but i certainly would have had i been here....anyway, food for thought

Thanks Makenes....yes one should reconfigure your fib fan also, to also be divided by 8 portions...using this reconfigured fan would have given you additional points as the initial 12.5 was broken....thanks for reminding me regarding the fib fan......(caution...dont reconfigure the Gann fan as it e overlays instead of following price...if you toggle to another time, it will not follow like the fib fan)

Another benefit...you know you chart is squared out properly when you see the fib fan levels and the octave levels dissect exactly as they should.

keep posting though...it gives food for though and exchange of madness lollol thats what a good family does...

I like that part "exchange of madness"

Might have to close manually...notitce the bounce off the 87.5 like yesterday...and the end of a time cycle...any more bounce and I will take what I can..lol

would have been a great trade had I paid attention to the reaction at 87.5 anyway closed manually with 62 x 2 approc.

depending where the daily closes, 1.3000 is still a very strong resistance level...if it close today under the up trendline, we could see a big move south...good to keep this on the radar

Just trying Swedes map, same method with 4hrs levels with 5 minutes chart

Excellent thinking....something I tell everyone who is trying for find those elusive support or resistance levels is always, always, always have your larger time frame charts as part of your analyses...and if you need to have those key levels on your short term charts or your trading charts , so be it...whatever alerts you to those levels.

But even better than this have your longer time frame charts running in the background because some really strong levels become so clear....for example:

here is the area we have been trading all week....its good and makes some really significant levels clear....but your work is not done....(see next post)

Now to extend your analysis to make the picture complete, also add the BIG SWING, the major swing that really gives direction (majenta)....Note please....why was I taking shorts all week...can you answer??.......the answer is 1.3000 is also the Center of Gravity of the BIG SWING and there were big swings south when that area was challenged...unless there is a break north it is in an overall short bias.....can you see that?