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Time and Price Forecasting

  • #2,761
  • Oct 17, 2020 2:18pm Oct 17, 2020 2:18pm
Quoting Swede
{quote} I see exactly what you are saying....but how does that help me pull the trigger today? They will mount me and my computer in the Smithsonian by the time I can use that data...lol
GBPJPY Envelopes

Look at the 2 Valid trend Lines (VTL)
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  • #2,762
  • Edited 2:53pm Oct 17, 2020 2:41pm | Edited 2:53pm
Quoting Swede
{quote} No, that’s a good explanation and thank you, but Ganns division of the impulse wave I have found to be very accurate, especially for Gbp and crosses. I have used MM also in the past and can see it is effective in a lot of cases....so my question would be, since Gann focused on the impulse wave using several methods like square root, octaves , fibs et, should I deviate from his teaching that “It all Begins with an Impulse Wave”. (Parisboy knows his stuff I do believe)
Swede
You do a brilliant job with your posts and rational and so does Parisboy his detail in answering questions is quite amazing
but there are many ways to skin a cat
We all have different expectations of a trade , think of it like this
We can all drive a car but some press the accelerator a little heavier than others, some like to take leisurely cruise on long journeys, some like to go at breakneck speeds on short ones, as long as we all get to our destination safely we are all winners
ps
Not too sure why you have a problem looking at a big time frame,
too me it shows a possible bias zone ( do I favour Buys or Sells
eg If a Share had been 500 pence 12 months ago and it was now 5 pence ( yes there are obvious reasons) at best if I Sold my profit would only be 5 pence against a possible much larger return with a risk of only 5 pence and good timing if I decided to BUY
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  • #2,763
  • Edited 3:20pm Oct 17, 2020 2:41pm | Edited 3:20pm
Dave,

you , Swede and me are really on this thread Gann successors .

We use EVERYDAY for our trading Gann Tools and Principles and this in a systematic way..

You focus on Murray who popularized almost 30 years ago the Gann Octave hence the "Gann Lines" and the Scaling Problematic.
Swede focus more on jenkins derivative tools and the Price Time Conversion tools.

I focus on the average Gann Tools (Angles, Octaves, Squaring Price and Time, Square Spiral) in combination with Cyclic tools

I repeat again : to my knowledge

Gann NEVER published a Gann Angle Analysis and /or Trade, not ONE Chart
Gann NEVER published a Gann Lines Analysis and / or Trade , not ONE Chart

WHY ? IMHO it was The Basis of his Forecasting Method as he wrote himself. Hence Gann keep both methodology unknown of the public.

IMHO That is the real Gann's SECRET !
  • #2,764
  • Edited 3:09pm Oct 17, 2020 2:57pm | Edited 3:09pm
Quoting Swede
{quote} Pnaveen, I have seen you post a lot of charts with so much stuff on them that I do not know how one can actually trade them without Einstein sitting next to you or maybe Nancy Pelosi....OK bad analogy perhaps .....but these are not simple charts you must admit. Simple is just as effective as complicated if one takes their time and really know the currency they are trading. Maybe you have a phd. in physics, but I do not, so we gonna see how accurate your charts are against my simple ones...I have marked Oct 29 as an important turning point...
Hai swede
It's just simple I am taken the first impulsive swing high from low and all other squares just at the same square right corner but make sure manual square without scale is not a good idea... my charts always scaled and my squares also scaled with one particular value/pip. all other lines are just rays of last/recent squares...
look again do you have other dates too...
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  • #2,765
  • Oct 17, 2020 3:50pm Oct 17, 2020 3:50pm
Quoting Pnaveen
{quote} Hai swede It's just simple I am taken the first impulsive swing high from low and all other squares just at the same square right corner but make sure manual square without scale is not a good idea... my charts always scaled and my squares also scaled with one particular value/pip. all other lines are just rays of last/recent squares... look again do you have other dates too...{image}
First of all its nice to see your reply, thank you!

I have two questions for you......1. Mt4 charts are difficult to scale...I just get one scaled properly and then something happens to touch the toggle on the RHS and then you have to do it all over again....in other words you cannot lock it into scale, and if you change from 5 min to 1 hour the scale is out once again. So my question to you is how do you scale your chart, what method do you use and how do you keep it in scale without repeating the process every time you login?

2....I know your using a program or indicator to do the drawing, which one is it and is it truly an accurate system and what does it cost?
  • #2,766
  • Oct 17, 2020 3:58pm Oct 17, 2020 3:58pm
Quoting parisboy
{quote} GBPJPY Envelopes Look at the 2 Valid trend Lines (VTL) {image}
Honestly, I love your envelope system for scalping day trades...I would use it more if it were not for the fact I pretty much tired of sitting in front of the computer for more than an hour per day....l much prefer checking in around London, NY crossover and usually catch one or two fish every day, usually at extreem levels...also, if you run more than 2-3 charts using envelopes in mt4, I find it bogs down my cpu....tried adjusting number of bars and so on and so forth, but still have issues...
  • #2,767
  • Oct 18, 2020 2:05am Oct 18, 2020 2:05am
Quoting Swede
{quote} First of all its nice to see your reply, thank you! I have two questions for you......1. Mt4 charts are difficult to scale...I just get one scaled properly and then something happens to touch the toggle on the RHS and then you have to do it all over again....in other words you cannot lock it into scale, and if you change from 5 min to 1 hour the scale is out once again. So my question to you is how do you scale your chart, what method do you use and how do you keep it in scale without repeating the process every time you login? 2....I know...
1- nothing is impossible if know then very easy ....if you don't know then always difficult..... whole gann world strugling to scale mt4 its like magic but not ..
2- yes its right one scale can work on one time frame m5/m15/m30.....daily weekly all different... if you know once any currecies scale then no need to scale again again ....suppose 15-30min 1:1 scale is ok for all currecies ...h1/h4/daily 1:2,1:4-6, 1:8-12 .....there is way to fix that ....its part of my paid course ..
3- there is tools is available for auto scale fixed or manual parameter ...
https://www.mql5.com/en/market/product/51723 (mt4 1:1true/ false)
https://www.mql5.com/en/market/product/51773 (mt5 with multiplyer 1X2,1x3,1x4.....more)
  • #2,768
  • Oct 18, 2020 4:18am Oct 18, 2020 4:18am
Quoting Pnaveen
{quote} 1- nothing is impossible if know then very easy ....if you don't know then always difficult..... whole gann world strugling to scale mt4 its like magic but not .. 2- yes its right one scale can work on one time frame m5/m15/m30.....daily weekly all different... if you know once any currecies scale then no need to scale again again ....suppose 15-30min 1:1 scale is ok for all currecies ...h1/h4/daily 1:2,1:4-6, 1:8-12 .....there is way to fix that ....its part of my paid course .. 3- there is tools is available for auto scale fixed...
Pnaveen

I never buy what I can do myself

You should be assigned to the commercial section of FF
  • #2,769
  • Oct 18, 2020 4:22am Oct 18, 2020 4:22am
Quoting parisboy
{quote} Pnaveen I never buy what I can do myself You should be assigned to the commercial section of FF
so try and do yourself
its all my products ....
  • #2,770
  • Oct 18, 2020 6:37am Oct 18, 2020 6:37am
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  • #2,771
  • Oct 18, 2020 12:52pm Oct 18, 2020 12:52pm
Quoting OAPDave
{quote} Swede You do a brilliant job with your posts and rational and so does Parisboy his detail in answering questions is quite amazing but there are many ways to skin a cat We all have different expectations of a trade , think of it like this We can all drive a car but some press the accelerator a little heavier than others, some like to take leisurely cruise on long journeys, some like to go at breakneck speeds on short ones, as long as we all get to our destination safely we are all winners ps Not t oo sure why you have a problem looking...
If it is the case, Swede should

Notice at which distance you are relatively to the Long Term Bearish Trend
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  • #2,772
  • Edited Oct 19, 2020 10:01am Oct 18, 2020 5:26pm | Edited Oct 19, 2020 10:01am
Quoting OAPDave
{quote} Swede You do a brilliant job with your posts and rational and so does Parisboy his detail in answering questions is quite amazing but there are many ways to skin a cat We all have different expectations of a trade , think of it like this We can all drive a car but some press the accelerator a little heavier than others, some like to take leisurely cruise on long journeys, some like to go at breakneck speeds on short ones, as long as we all get to our destination safely we are all winners ps Not too sure why you have a problem looking at...

Listen I preach all time the need to have your long term perspective in place....I wont trade with out a glance at my daily charts at the minimum, usually a quick look at the weekly also, even if Im entering on the 5 min chart.....where I have the problem is looking back 20 years or more.....long before Brexit, Covid19, Donald Trump, Margaret Thatcher, Iran/Iraq and the Bush Administration....my point is are those levels relative todayl??? I doubt it. Who would have imagined West Texas Crude leveling off at 27 Bucks...insane! Elon Musk was still a pimple faced nerd...who knew he could accomplish what he has done? I just cannot relate to a 20 year chart...sorry...........but 1 year yes, yes yes.
  • #2,773
  • Edited 4:28am Oct 19, 2020 2:51am | Edited 4:28am
Quoting Swede
{quote} You and parisboy are being too hard on me, Im just a country boy and your crushing me, my ego cant take it lol lol. Listen I preach all time the need to have your long term perspective in place....I wont trade with out a glance at my daily charts at the minimum, usually a quick look at the weekly also, even if Im entering on the 5 min chart.....where I have the problem is looking back 20 years or more.....long before Brexit, Covid19, Donald Trump, Margaret Thatcher, Iran/Iraq and the Bush Administration....my point...
Swede
Could you trade this Chart ?
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  • #2,774
  • Edited 10:10am Oct 19, 2020 10:00am | Edited 10:10am
Quoting OAPDave
{quote} Swede Could you trade this Chart ? {image}
After careful analyses of course....just the last engulfing candle would alert me to a probable continuation of trend....but I would have to toggle down to the 1 hour, 5 min chart before pulling a trigger, and of course if I have to set my stop loss more than 1.1 I would pass until the ratio could be met....
I think you misunderstood my posts regarding long long term analyses.

btw....I traded both directions on this one...ending last weeks shorts from , well you can see where? All of this was possible because of Brexit, nothing else....technical analyses was secondary to pulling the trigger....lol
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  • #2,775
  • Oct 19, 2020 10:35am Oct 19, 2020 10:35am
Quoting Swede
{quote} After careful analyses of course....just the last engulfing candle would alert me to a probable continuation of trend....but I would have to toggle down to the 1 hour, 5 min chart before pulling a trigger, and of course if I have to set my stop loss more than 1.1 I would pass until the ratio could be met.... I think you misunderstood my posts regarding long long term analyses.
Swede
I think you miss my point, you have obviously spotted that it is a monthly over 15 years , my point is that could it be the cost to do a trade that governs what timeframe we trade
To me, be it Angles, Squares, Support, Resistance, Swing Points, Levels of any kind it all boils down to trading Breakouts and working out the cost to do the trade FX not cheap
In and out like a rabbit seems to be the most popular way, but not really sure its the most cost effective
This will be my last post regarding FX as to me I have reached a time of life that I need to move on to another way to trade that interests me, also (right or wrong) which to me seems more cost effective
ps
Thanks
Just seen your post and totally agree ,its not all about tec analyst that's why I am moving to other things, that lets me use a bit of what you have just mentioned
  • #2,776
  • Oct 19, 2020 11:06am Oct 19, 2020 11:06am
[quote=Pnaveen;13219196]{quote} Hai swede It's just simple I am taken the first impulsive swing high from low and all other squares just at the same square right corner but make sure manual square without scale is not a good idea... my charts always scaled and my squares also scaled with one particular value/pip. all other lines are just rays of last/recent squares... look again do you have other dates too...{image}[/quote
Yes, I have seen your stuff before, you should really post under the commercial section...nothing is to be sold in the room.

If you really have found a simple way to scale an mt4 chart, the world will rush to your door. That is the one biggest hurdle to use Gann analyses relative to angles, and if one angle is out, all of the corresponding angles will also be flawed.

Below are a couple of simple charts with just a 45 degree angle .....using my own method of finding the proper scale...can you post the same charts using your solftware for comparison....thanks
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  • #2,777
  • Oct 19, 2020 11:12am Oct 19, 2020 11:12am
Quoting OAPDave
{quote} Swede I think you miss my point, you have obviously spotted that it is a monthly over 15 years , my point is that could it be the cost to do a trade that governs what timeframe we trade To me, be it Angles, Squares, Support, Resistance, Swing Points, Levels of any kind it all boils down to trading Breakouts and working out the cost to do the trade FX not cheap In and out like a rabbit seems to be the most popular way, but not really sure its the most cost effective This will be my last post regarding FX as to me I have reached a time of...
I couldnt agree more....rabbit trading is only good for small gains, if one were really called a currency trader one would take a longer term approach. I just like being back to cash at the end of the day....even though we both posted a good trade above, one has to remember each candle is one month, and that means price could swing wildly over a one month period...and I personally want peace of mind, rather than waiting for 3 weeks to be right and broke....best to you
  • #2,778
  • Oct 20, 2020 8:04pm Oct 20, 2020 8:04pm
DAILY GBP/USD

A potential trade may be found at either the upper down-sloping diagonal (sell) or lower up-sloping diagonal (buy) or the corner of the square (observation trade).
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,779
  • Oct 23, 2020 1:16am Oct 23, 2020 1:16am
EURUSD YESTERDAY SHORT AGAIN
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  • #2,780
  • Edited 9:04am Oct 23, 2020 7:56am | Edited 9:04am
Quoting OAPDave
{quote} Swede You do a brilliant job with your posts and rational and so does Parisboy his detail in answering questions is quite amazing but there are many ways to skin a cat We all have different expectations of a trade , think of it like this We can all drive a car but some press the accelerator a little heavier than others, some like to take leisurely cruise on long journeys, some like to go at breakneck speeds on short ones, as long as we all get to our destination safely we are all winners ps Not too sure why you have a problem looking at...
Well we have all heard the tale of the (Hare and the Tortoise)
I suppose sometimes it can be true
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