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Time and Price Forecasting

  • #2,881
  • Dec 9, 2020 3:23am Dec 9, 2020 3:23am
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  • #2,882
  • Dec 9, 2020 3:44am Dec 9, 2020 3:44am
and thats me for the day if that dont work out
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  • #2,883
  • Dec 9, 2020 3:47am Dec 9, 2020 3:47am
Quoting OAPDave
{quote} Another good question I could give a long winded reply but here goes with a quick summary Murrey tried to make it a mystery by saying its set to the 1st frost and a new moon etc which was a date in October but funny Murrey birthday is October the 12th now that ties in with the date of renewal subscriptions for his software H'mmm For the Monthly chart I post I set a grid up and dragged it until my eyes said it looks about right For scalping type charts I do not use angles just Murrey levels and Daily Range expectations ps Swede and Parisboy...
Thank you ,it helps alot
  • #2,884
  • Dec 9, 2020 3:58am Dec 9, 2020 3:58am
Quoting makenas
{quote} Hello,Looks very nice chart,but one question,where do you put the points in the grid?the points from start one to the third one,and do you take into considering the impulse? Blessed day
(almost) Anywhere where you want ! and where you observe and deduce it fits

This is the concept of the BASELINE

you can position the BASELINE

a) on the LOW of the Price Range between a significant Low and a Significant Top. This is the original Gann Concept

b) on the Zero Line of the data serie and your TOP (the ninth Line 8/8) on 1, 10, 100, 1000, 10 000 , 100 000. This the concept popularized by T.H. Murrey

c) on the closest 1/8 th line of the significant Low of the 1, 10, 100, 1000, 10 000 , 100 000 Price Range

for example

assume your significant Low is 38.67

you can position your Baseline on 37.5 = = 3/8 of 0-100

and your Top on 137.5 ( 37.5 + 100)

Your Price is always 100 wide and your Octave (100 / 8) = 12.5

Above practice is used (with the 2 others) by Parisboy
  • #2,885
  • Dec 9, 2020 4:08am Dec 9, 2020 4:08am
Quoting OAPDave
{quote} Update but not saying we cannot go higher {image} {image}
yes perhaps better i keep on topic a- humble subjection im quite perceptive i notice there's abit of a click to the group

perahps a fooling around thread to be made ( so this one doesnt become a mess of teaching and expression) that other padawans can come to and still have the benefit of these

understand if it is perhaps disregarded suggestion - just a means to an end perhaps
  • #2,886
  • Dec 9, 2020 5:10am Dec 9, 2020 5:10am
Quoting RoninTheory
and thats me for the day if that dont work out {image}
stop moved majority tp 30277

final objective 30330
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  • #2,887
  • Dec 9, 2020 7:03am Dec 9, 2020 7:03am
what about these dave price just goes from a to b
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  • #2,888
  • Dec 9, 2020 7:57am Dec 9, 2020 7:57am
Quoting OAPDave
{quote} A picture tells a thousand words but occasionally a few help to be honest my eyes do not see it all yet (your Chart) but am intrigued on your view of things {image}
think your eyes and knowledge are darn good

after all we all gaze at the same stars yet see such different things

i also am intrigued by your method i struggle to pick it up in reading the thread
  • #2,889
  • Dec 9, 2020 8:45am Dec 9, 2020 8:45am
Quoting OAPDave
{quote} If you go into Swede Profile you will see all the images he as posted scan back through them and you will find how he squares his charts I have gone back to page 134 post 2679 but there could be some before that {image}
thankyou boss noted i have some reading from masters to do

  • #2,890
  • Dec 9, 2020 9:20am Dec 9, 2020 9:20am
Quoting RoninTheory
{quote} thankyou boss noted i have some reading from masters to do
Do your homework

A) Read First
B) Study and Practice yourself
C) Then ask the questions you have listed
  • #2,891
  • Edited 10:07am Dec 9, 2020 9:30am | Edited 10:07am
Quoting parisboy
{quote} Do your homework A) Read First B) Study and Practice yourself C) Then ask the questions you have listed
ill be forward mate

im in a pond that i should not swim in

dyslexic poor grades - odds are against me
  • #2,892
  • Dec 9, 2020 10:07am Dec 9, 2020 10:07am
Quoting OAPDave
Swede May I ask you your opinion, meaning that D/Miner as gone missing in action. I have made a fair few posts today that could easily be deemed Off Topic, so do you feel I should for the sake of the Thread title delete them
if i also need to remove some of mine please say i will not be offended i hold both these threads very dear i hope diamond minor is okay also very fascinating and good guy mutch like all of you pleasure and thankful to be hear - more thankful for the kindness in sharing such precious valuable material
  • #2,893
  • Dec 9, 2020 10:28am Dec 9, 2020 10:28am
Quoting Swede
Just a couple examples using the 8x8x8 method of setting up the charts...(divide swing by 8, divide time by 8, divide fib angles by 8, square the chart grid using 45 degree measurments from low to high and lock the scale) Note on the day chart how just the one angle provided many counter trend day entries short ranging in 70-150 pip corrections...then view the 4 hour for the latest entry and why..... {image} {image}
may i have your tool that you lock scale with as this one it can move and has minor errors in for instance doesn't save if i flick time frame

sorry to bother you

thanks in advance

thankyou for sharing your craft
  • #2,894
  • Edited 10:59am Dec 9, 2020 10:47am | Edited 10:59am
understood thankyou

it not a case of wanting to be spoon fed - as nice as it is - however more a case on im going to probably look at 10 scale fix buttons of which Swede may have disregarded some as not being appropriate

like wise if i do ask something im not asking overly to be spoon fed its just im trying to save time if you dont have time to give that is okay clocks ticking for me and im the wrong side of 30 lot to do

maybe the grail was just perfectly proportioned in geometry?
  • #2,895
  • Dec 10, 2020 8:13pm Dec 10, 2020 8:13pm
Some pretty colorful charts being posted but i'm not sure how accurate they are for actually placing money on them, but hey, if they work for the trader so be it. I can only speak for myself, my own experience, good and bad.

I have been doing this for many years and if there is any one thing that really makes a difference in Forex trading is a simple procedure that can set the theme for all your trades, even if you consider yourself a day trader, even if you love your CCI, RSI, TTY, MACD, MA Crossover or whatever indicator gives you a reason to take a trade. Even if you prefer trading the 15 min during a live session, or your looking for a key level on the 5 min it all comes back to preparation before you start pulling the trigger...

I am not a Gann trader because he developed methods designed for Stocks and Commodities before computers were even a dream. His methods were designed for a Centralized market like NYSE, CBOT, CME and so on.....markets that are dwarfed in comparison to the 5 Trillion Dollar daily Forex Market. But he did have lots to say about price and he noticed that because price was quoted in eighths, price tended to gravitate to these levels. Then he began to divide swing levels by 8 and something became very clear....sure enough, price tended to oscillate, or reverse off these levels, and especially the Center of Gravity or level 4.

Taking if a bit further, dividing the Time factor by 8....the time between the beginning of a swing until it ends also presents some very interesting areas that an astute trader needs to pay attention to....and especially the grid one develops when drawing in these areas.

So, Please!!!!..DO NOT BELIEVE ME until you test for yourself and it could change your trading forever. This should be the starting point of your daily activity, a Daily Chart...clearly showing the Division by 8 of a significant Swing, and a Division of the Time Factor, all squared...and this is how you do it..........
(ps....you can still use your 15 min, 1 hour chart for entries, using whatever indicator turns your crank...but start by knowing the significant levels on the day chart.

The next post will show the proceedure.......
  • #2,896
  • Edited 8:45pm Dec 10, 2020 8:13pm | Edited 8:45pm
I will use GBP/ USD Daily chart....this is my preferred chart for this method...

Here we determine the swing, or impulse wave started in early June. (about 1200 pip move)

Then divide the swing in eight and divide the time it took by 8.....(get as close as you can, sometimes its out by a candle or two but still very significant if you continue)

What do you see? Well, note the Grid...is it square? No, more of a rectangle, so what good is it if we want to draw angles and so on?

There is a solution next.....
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  • #2,897
  • Edited 9:05pm Dec 10, 2020 8:13pm | Edited 9:05pm
To square the grid place a 45 degree angle starting from A...on your chart..(magenta)

Then squeeze the chart until the 45 degree overlays the angle from A to B....you now have a square grid and the starting point of all analyses going forward.
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  • #2,898
  • Edited 9:39pm Dec 10, 2020 8:13pm | Edited 9:39pm
Now you Scale Fix your chart and you have a chart you can refer too for the next few weeks, or until support or resistance is broken.

Now is the time to look to the right, watch for levels being challenged, and now you could also toggle down to a smaller time frame for entry using such things as price action, pivot levels and so on.

Remember, your chart grid is squared out...so any angle you draw can make perfect entries at certain levels...
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  • #2,899
  • Edited 9:51pm Dec 10, 2020 8:14pm | Edited 9:51pm
Your now free to do all manner of analyses...like the secret angle developed by Jenkins...or becks emblem etc...because your angles all square with the 45...

Note the division of 1/2 the 45...how accurate it was in determining counter trend potential...and many of those trades counter trend gave up 100 or more pips...

And by all means, pull up your short term charts separately when these levels are challenged...you will find many great entries...and that is just on this one currency...so try it out and see....happy trading everyone!
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  • #2,900
  • Dec 11, 2020 1:23am Dec 11, 2020 1:23am
Quoting Swede
Your now free to do all manner of analyses...like the secret angle developed by Jenkins...or becks emblem etc...because your angles all square with the 45... Note the division of 1/2 the 45...how accurate it was in determining counter trend potential...and many of those trades counter trend gave up 100 or more pips... And by all means, pull up your short term charts separately when these levels are challenged...you will find many great entries...and that is just on this one currency...so try it out and see....happy trading everyone! {image}
all very clever thankyou for taking the time to put together clear illustrations i enjoy your posts for something that's complex you explain it well to the opposite end

i shall try to replicate

thankyou
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