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Time and Price Forecasting

  • #2,801
  • Oct 30, 2020 3:31am Oct 30, 2020 3:31am
This is one it's also interest.. i like DAX but you need big cojones for this beast and lack that some times

This DAX CASH so form 9am to 17:30 CET time, always big gaps but it still respects level like champ.. i find this amazing
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  • #2,802
  • Nov 1, 2020 2:48pm Nov 1, 2020 2:48pm
Quoting Swede
{quote} You have done a marvelous job with your charts using Gann mt4 tools......I have a question? 1. Using the Gann tools with mt4 requires precision scaling because they overlay your chart...so if you inadvertently squeeze the chart, or change to another time period everything is completely out of wack. Is that why you trade mostly GJ, so it keeps all in place without altering so much? 2. The reason I use just fib tools almost exclusively is because they are based on levels and are placed on the chart, not overlayed. does not matter the...
You do not really need "precision scaling" when you use a Mid Term or a Long Term chart

Precision Scaling is automatically generated by your software which takes into acount the Chart Low and the Chart Top

The Kwt4x chart is a 2 months chart

This means that as long as Price Action generates no new Top or no new Low the Chart "scaling " is stable.

Hence if you have to change the scaling, you just need to DOUBLE or HALVE the range parameters

Even on MT4 on a Long Term or a Mid Term chart you do not need to readapt / recalculate very often your tools (Angles, Gann Lines, Octaves , Circles, Ellipses, etc)
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  • #2,803
  • Nov 1, 2020 8:27pm Nov 1, 2020 8:27pm
Quoting parisboy
{quote} You do not really need "precision scaling" when you use a Mid Term or a Long Term chart Precision Scaling is automatically generated by your software which takes into acount the Chart Low and the Chart Top The Kwt4x chart is a 2 months chart This means that as long as Price Action generates no new Top or no new Low the Chart "scaling " is stable. Hence if you have to change the scaling, you just need to DOUBLE or HALVE the range parameters Even on MT4 on a Long Term or a Mid Term chart you do not need to readapt / recalculate very often...
Agree.

you do not need scaling, you need to know mt4 flaws and workarounds.

tools that have 2 anchor points (most fib tools) they will be fixed even if you change timeframes.
tools that use 1 anchor point or use angles (GANN Line, Grid and Fib Arcs) they need to be used on 1 timeframe only(it need the exact time and price of the frame to get the correct angles).

GANN line and Grid, on the long run, will not stay in place when you move the vertical scale, the workaround for the line is to drag the ending point every now and then, the workaround for the grid is to move the vertical scale until the grid is inline with other fixed measurements then lock the "scale fix" of the chart.

knowing mt4 flaws and workarounds will make your measurements precise for the long/short term

my private trading chart since 2018 top might be a good example

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cheers,
"the public is not yet ready for it" W.D. GANN
  • #2,804
  • Nov 2, 2020 11:19am Nov 2, 2020 11:19am
Quoting Kwt4x
{quote} Agree. you do not need scaling, you need to know mt4 flaws and workarounds. tools that have 2 anchor points (most fib tools) they will be fixed even if you change timeframes. tools that use 1 anchor point or use angles (GANN Line, Grid and Fib Arcs) they need to be used on 1 timeframe only(it need the exact time and price of the frame to get the correct angles). GANN line and Grid, on the long run, will not stay in place when you move the vertical scale, the workaround for the line is to drag the ending point every now and then, the workaround...
My trading is more of a short term perspective...if I cant catch a level during NY then im not interested...but I have found with just this method I catch some really great entries...but of course I have all the majors running and gj ej....so it gets a bit much adjusting all the time, that is why I like the fib lines best...anyway, just my opinion...when I view your charts and parisboy entries It peaks my interest again...thanks for the reply
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  • #2,805
  • Nov 2, 2020 11:32am Nov 2, 2020 11:32am
Now I sometimes throw on becks emblem to see how it relates to the last swing...gives some pretty clear direction at least in the short term...
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  • #2,806
  • Nov 2, 2020 11:41am Nov 2, 2020 11:41am
Quoting Swede
Now I sometimes throw on becks emblem to see how it relates to the last swing...gives some pretty clear direction at least in the short term... {image}
Swede, can you print screen you Indicator List used on the charts above?
  • #2,807
  • Nov 2, 2020 12:05pm Nov 2, 2020 12:05pm
GBPJPY 4 H
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  • #2,808
  • Nov 2, 2020 1:49pm Nov 2, 2020 1:49pm
GBPJPY 4 H

Gann Grid
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  • #2,809
  • Nov 2, 2020 1:56pm Nov 2, 2020 1:56pm
i think GY as chance to reverse and go test 136.40..
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  • #2,810
  • Nov 2, 2020 3:51pm Nov 2, 2020 3:51pm
Many thanks to DM, Swede, Parisboy and all for sharing your knowledge to make us a better trader. Very much unlike me, I read every post from start to end. So also the Jenkins thread. Parisboy, I also use trading view for my analysis. So surprised to see how you placed the Gann grid. I have my box divided into four with the impulse wave representing the 4th angle in the grid according to Jenkins. I like your method and will try it. Please also share how you use the gann square because I have been unable to use it satisfactorily. I basically use ichimoku.
  • #2,811
  • Nov 2, 2020 10:06pm Nov 2, 2020 10:06pm
Quoting LuckyPunk
{quote} Swede, can you print screen you Indicator List used on the charts above?
I like simplicity and found one of Ganns methods that suited my personality, risk profile and trading time zone, being NY.....its nothing fancy, but highly overlooked in my opinion, as I have been using it for some time now and its called Ganns rule of 1/8. I have taken it a few steps further than my research indicated, but we are trading a whole different ballgame in 2020 than back in Ganns day.

Anyway, its about Price, dividing a major swing by 8. it is also dividing the Time it took to reach a swing high to a swing low, also by 8. One now has a proper Grid to work with, not the grid standard on mt4. The next step is dividing the angles also by 8 and placing them over the swing low, and the swing high for some very very accurate trading points. Seldom do I use more than a 20 pip stop during peak periods, seldom take trade during ranging slow periods.

You will find the three Fibonacci drawings under your insert tab.
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  • #2,812
  • Nov 3, 2020 2:59am Nov 3, 2020 2:59am
Quoting Swede
{quote} I like simplicity and found one of Ganns methods that suited my personality, risk profile and trading time zone, being NY.....its nothing fancy, but highly overlooked in my opinion, as I have been using it for some time now and its called Ganns rule of 1/8. I have taken it a few steps further than my research indicated, but we are trading a whole different ballgame in 2020 than back in Ganns day. Anyway, its about Price, dividing a major swing by 8. it is also dividing the Time it took to reach a swing high to a swing low, also by 8. One...

Thanks Swede! much appreciated for detailed explanation..
I'm also starting to read the P. Mikula.. he was the Game Changer in my Pitchfork's trading..
  • #2,813
  • Nov 3, 2020 9:42am Nov 3, 2020 9:42am
Quoting LuckyPunk
{quote} Thanks Swede! much appreciated for detailed explanation.. I'm also starting to read the P. Mikula.. he was the Game Changer in my Pitchfork's trading..
Now, I do use other tools for confluence...ADR is very telling on a spike like today, also weekly pivots are on one of my background charts which also adds to my reason to pull the trigger sometimes....but today was just the 1/8 resistance to the downside which got me into the trade , at least smaller lots until I see more confirmation....
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  • #2,814
  • Nov 3, 2020 12:04pm Nov 3, 2020 12:04pm
if you were following this, we are up nearly 80 pips at this point in an hour....I had added 2 more mini lots as it tried to go higher, knowing between the fib angles, the adr breach, the seeming oversold condition, and the overall direction, might bank a bit, we shall see..
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  • #2,815
  • Nov 3, 2020 12:23pm Nov 3, 2020 12:23pm
final post today....and Euro up 30 time 2 lots...very nice day all done in about 1 hour and 45 min....this trade was simply taken at the cross...with trend
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  • #2,816
  • Nov 3, 2020 12:28pm Nov 3, 2020 12:28pm
Quoting Swede
{quote} Now, I do use other tools for confluence...ADR is very telling on a spike like today, also weekly pivots are on one of my background charts which also adds to my reason to pull the trigger sometimes....but today was just the 1/8 resistance to the downside which got me into the trade , at least smaller lots until I see more confirmation.... {image}
Good point with ADR need to look into that.. and use i week/month pivot also... its all about convergences of "reasons" in small price area. I always i have the saying form Bryce Gilmore "it's betters two reasons than one to open trade"
GY has now up Fork and already bounced on ML..
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  • #2,817
  • Nov 5, 2020 1:48am Nov 5, 2020 1:48am
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"the public is not yet ready for it" W.D. GANN
  • #2,818
  • Nov 5, 2020 11:31pm Nov 5, 2020 11:31pm
Quoting Pnaveen
EURUSD YESTERDAY SHORT AGAIN{image}{image}
EURUSD DATES PERFECTLY MATCHED..
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  • #2,819
  • Nov 6, 2020 5:08am Nov 6, 2020 5:08am
Quoting Kwt4x
{image} {image} {image}
Your charts have zero interest for trading . More you draw horizontal, diagonal, vertical lines, plus circles, ellipses triangles etc more these spaghetti charts are unexploitable and confusing.

But your charts have an interest for demonstration and teaching.

Your charts shows

a) complexity is in your brain only you produced such charts because you BELIEVE that accumulating Lines and Indicators would give you a BETTER understanding, CONFLUENCE and CONFIRMATION

Have vou ever checked if it is TRUE and EFFICIENT ?

b) Your chart revisited shows :

- what "lines" are really important
- no computer can decide at your place what pattern is important and what is not only your BRAIN
- there is no substitute to your BRAIN

That is the real lesson your chart demonstrates. Thank you.

Moreover there is no "complexity" in Gann work and tools.

"Complexity" is in your brain only. If your brain is attracted by "complexity" you will produce "complex" charts, methodologies, tools.

Technical Analysis marketeers LOVE "complexity" because they are real "traders" : they trade expensive courses, softwares, webinars, books, trading rooms chats etc against your money.
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  • #2,820
  • Nov 6, 2020 5:18am Nov 6, 2020 5:18am
What shows us KWT4X chart (revisited)

- a Channel - hence a Trend
- SineWaves
- Cycles (or Waves)
- a Pitchfork
- a Return to the Mean
- an Uptrending Underlying Trend
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