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Time and Price Forecasting

  • #2,921
  • Dec 21, 2020 9:55am Dec 21, 2020 9:55am
Nice 400 plus pips drop......note views from 4 hour and 5 min....may want to protect profits here...subject to bounce....that was a bigger than expected drop probably due to thin Holiday market, Covid19 nerves out of UK, and highly overbought last week....
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  • #2,922
  • Dec 21, 2020 11:12am Dec 21, 2020 11:12am
Quoting Swede
{quote} Circles and their meaning in terms of projecting time and price are a study to themselves. They can pinpoint entires no question....but one needs to work with traders who can show you how to use them effectively....I know DM uses them effectively, I use them periodically , but certainly not effectively, Parisboy can probably help you more than anyone. "so few likes"...yep, all of this takes work and planning and if you were to pole most traders in FF you will find they want to open a 5 min or 1 min chart and start trading without preplanning....
Swede
Hope you do not mind (please say if you do and I will delete) you say correctly I may add
You need to Plan your Trade (agreed)
Well I have a number of Plans based around Confluence
I have called it The Kitchen Sink
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  • #2,923
  • Dec 21, 2020 1:31pm Dec 21, 2020 1:31pm
thankyou so mutch for these visuals the worlds falling apart but atleast the three muskerteers are making people who want to apply them selfs future a little bit brighter
  • #2,924
  • Dec 21, 2020 1:55pm Dec 21, 2020 1:55pm
Quoting OAPDave
{quote} Swede Hope you do not mind (please say if you do and I will delete) you say correctly I may add You need to Plan your Trade (agreed) Well I have a number of Plans based around Confluence I have called it The Kitchen Sink {image} {image} {image} {image}
Your charts are as valid as any in this forum......I know the title is Time and Price Forecasting....well, there are literally a hundred ways to analyze price but I have yet to see anyone predict time with any accuracy....sure we get lucky sometimes....but just because a planet or stars or cycles line up, does not mean it is automatically time to jump in a trade. The thing is Forex is so much larger than anything in the financial market, all it takes is mention of something like Covid19 new strain, or Brexit difficulty and 200 Million can hit the order desks in a flash....you and I the retail trader has no idea whatsoever what is about to occur.

All we can really do is analyze historical price action and trade around that.....Murry Math, Envelopes, Pivots, FLD...all tell a story of potential, and if careful can make some great entries.......Look at the 5 min GBP envelope chart from 3 hours ago....it predicted a bounce....and bounce it did to fill the gap from Sunday night...a beautiful trade with hardly any heat.......now its time to look at the 4 hour chart again as the monthly R1 Pivot is being challenged,,,,may be a good place to try short again........
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  • #2,925
  • Dec 21, 2020 2:46pm Dec 21, 2020 2:46pm
Quoting Swede
{quote} Your charts are as valid as any in this forum......I know the title is Time and Price Forecasting....well, there are literally a hundred ways to analyze price but I have yet to see anyone predict time with any accuracy....sure we get lucky sometimes....but just because a planet or stars or cycles line up, does not mean it is automatically time to jump in a trade. The thing is Forex is so much larger than anything in the financial market, all it takes is mention of something like Covid19 new strain, or Brexit difficulty and 200 Million can...
Swede
Just like to say that Parisboy and yourself are the only guys that I take notice of for any advice in this game
I think it is clear for anyone to see the cool calm approach that you take in your Trading and the quality of your replies and post really hit home
So like my post to Alain I also want to say a thanks to you and hope you and your family stay safe and well and have a good a Christmas as possible under these trying conditions
To be honest like to thank D/Miner but he seems to have gone missing in action, perhaps he as turned into an Investor and not a Trader now as Crypto seems to be on a one way ticket to the moon
Dave
  • #2,926
  • Edited 3:58pm Dec 21, 2020 3:06pm | Edited 3:58pm
Quoting OAPDave
{quote} Swede Just like to say that Parisboy and yourself are the only guys that I take notice of for any advice in this game I think it is clear for anyone to see the cool calm approach that you take in your Trading and the quality of your replies and post really hit home So like my post to Alain I also want to say a thanks to you and hope you and your family stay safe and well and have a good a Christmas as possible under these trying conditions To be honest like to thank D/Miner but he seems to have gone missing in action, perhaps he as turned...
Yes, keep safe and take whatever cautions the Authorities offer however inconvenient it may be, during this most difficult period for all nations. My wife is from Cambridge and we planned to spend some time there this fall, but all our bookings got cancelled and now we cant even leave the Province. This is becoming way more serious than I thought it could be............the solution is more trading for me....what is a man to do????? (ps.....notice Cable backed off 62 pips so far from the monthly R1 ....see last post check marks....I should have jumped in)
  • #2,927
  • Dec 22, 2020 4:30am Dec 22, 2020 4:30am
Quoting OAPDave
{quote} Swede Just like to say that Parisboy and yourself are the only guys that I take notice of for any advice in this game I think it is clear for anyone to see the cool calm approach that you take in your Trading and the quality of your replies and post really hit home So like my post to Alain I also want to say a thanks to you and hope you and your family stay safe and well and have a good a Christmas as possible under these trying conditions To be honest like to thank D/Miner but he seems to have gone missing in action, perhaps he as turned...
it was estimated that the cali cartel made 57 billion a year ( that is just one cartel of which sadly there is many ) i find it hard to rationalise that essentially a ponzi rises with such velocity other than a stock pile of huge quantity's of money that previously couldn't get laundered

the burns on btc and the block getting harder to mine - bnb Monaro( on what i stated above) and btc i find the 3 most interesting

it is a mad world
  • #2,928
  • Dec 24, 2020 12:11am Dec 24, 2020 12:11am
Fixing the scale in this manner truly resonates with me.

Has anyone ever seen it done this way?
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,929
  • Dec 24, 2020 9:38am Dec 24, 2020 9:38am
Quoting kapital
Fixing the scale in this manner truly resonates with me. Has anyone ever seen it done this way? {image}
pretty hard to tell what you are doing without a step by step....can you provide some detail?
  • #2,930
  • Edited 10:07am Dec 24, 2020 9:46am | Edited 10:07am
Brexit finally.....this could be the start of a big correction....notice once again where price stopped and reversed.....1.36 area key it appears
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  • #2,931
  • Dec 24, 2020 11:26am Dec 24, 2020 11:26am
Quoting kapital
Fixing the scale in this manner truly resonates with me. Has anyone ever seen it done this way? {image}
thats clever
  • #2,932
  • Edited 12:05pm Dec 24, 2020 11:28am | Edited 12:05pm
Quoting Swede
{quote} pretty hard to tell what you are doing without a step by step....can you provide some detail?
i dont want to speak for him

but i presume ( it would be more apparent i think if he had used one circle as a square) will fit within a circle where as hes done two squares and fitted it to half the circle i think perhaps another method of squaring chart

thats my wild stab in the dark hope he replys with something fun
  • #2,933
  • Dec 24, 2020 12:25pm Dec 24, 2020 12:25pm
Once I draw a circle and square using the same swing, I adjust the chart (scale) until the circle and square intersect at the chosen horizontal.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,934
  • Dec 24, 2020 1:40pm Dec 24, 2020 1:40pm
Quoting kapital
Once I draw a circle and square using the same swing, I adjust the chart (scale) until the circle and square intersect at the chosen horizontal. {image} {image} {image}
Gives me a project.....but all that is accomplished is squaring the initial swing....you could do the same by setting a 45 degree angle from the top/ bottom, the squeeze the chart until the 45 reaches the end of the swing....anyway interesting what you present, will fool with it....
  • #2,935
  • Dec 24, 2020 2:22pm Dec 24, 2020 2:22pm
Quoting Swede
{quote}....you could do the same by setting a 45 degree angle from the top/ bottom, the squeeze the chart until the 45 reaches the end of the swing....
Do you mind showing an example?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,936
  • Edited 2:57pm Dec 24, 2020 2:43pm | Edited 2:57pm
Quoting kapital
{quote} Do you mind showing an example?
Traveling atm....only have tablet with me so will be a bit later.....One thing that totally eliminates the need for scaling is trading price only, historical price levels, pivots, measured moves and so on....mt4 is not the platform, there is too much fiddling to make it worthwhile, and as soon as you need to toggle to different timeframes you will find you often need to reset everything. The method I show to square the grid works pretty well on the day chart, and I can leave it on for months. But if I have to start drawing circles, then squares on every chart to find scale, it becomes to cumbersome for me...... but that’s just me...lol
  • #2,937
  • Dec 24, 2020 5:11pm Dec 24, 2020 5:11pm
Quoting kapital
{quote} Do you mind showing an example?
See right off I cannot replicate your circle, probably due to platform difference and I'm using a 15 inch square screen...anyway I would say test your chart to see if its is really scaled and you can do that as illustrated below..

the chart below, daily using the same view I set a 315 degree (opposite 45 degree) from A...then squeeze the chart so the angle touches B....

Then lock the scale and draw the grid using 8 x 8 divisions of time and price making the grid perfectly square.

Only then we can use some of the basic teachings of using the 1x1 (45 Degree) 1x2 and so on.

Note some of the key entries north and south using the angles and levels...
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  • #2,938
  • Dec 24, 2020 5:32pm Dec 24, 2020 5:32pm
Quoting Swede
{quote} See right off I cannot replicate your circle, probably due to platform difference and I'm using a 15 inch square screen...anyway I would say test your chart to see if its is really scaled and you can do that as illustrated below.. the chart below, daily using the same view I set a 315 degree (opposite 45 degree) from A...then squeeze the chart so the angle touches B.... Then lock the scale and draw the grid using 8 x 8 divisions of time and price making the grid perfectly square. Only then we can use some of the basic teachings of using...
putting in the over time my man

merry christmass sweede whishing you lovely time thanks for your contributions
  • #2,939
  • Dec 25, 2020 7:06am Dec 25, 2020 7:06am
Thanks for the reply Swede.

Aligning the swing with a 45 degree angle makes the diagonals of the square vertical and horizontal. I prefer them to have a slope which is why I didn't choose the swing endpoint as an intersecting horizontal.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #2,940
  • Dec 25, 2020 1:00pm Dec 25, 2020 1:00pm
Quoting kapital
Thanks for the reply Swede. Aligning the swing with a 45 degree angle makes the diagonals of the square vertical and horizontal. I prefer them to have a slope which is why I didn't choose the swing endpoint as an intersecting horizontal. {image}
Aaah...I see that, very interesting and good post, thank you!

ps...assume your charts are tradingview? Correct?
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