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Time and Price Forecasting

  • #3,281
  • Edited 7:46pm May 24, 2021 7:04pm | Edited 7:46pm
If any of you have had the opportunity to listen to the 7 hour MSJ video you will come across a section called Square the Range. He states after an in depth explanation, that this is his favorite method for determining support/resistance and most of his analyses begins us with squaring the last important impulse wave.

We showed a few illustrations using this method, and I knew instantly just how accurate it was.....but because we were using mt4 there was a problem....drawing.
First you had to use your cycle tool to determine the verticals, then the fib tool to divide the square by 4, then overlay the two with trend lines to form the grid. Then when you need your fib tool, or cycle tool, it was reprogrammed to do this job and had to be programed again for its normal use.... Well, this is fine on your weekly chart, but just plain irritating if trading small time frames. (btw...works on all time frames)

We have someone who has finally built a grid for those who want to use this method...it is jeanlouie who has coded a rectangle/square/tool just for us to use in this method...it is fantastic, there is so much you can do with it....dont forget to send him a thank you....I have been trying to get someone to build the grid for mt4 for 5 years....and finally found the man that can do it....

few charts to consider....
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  • #3,282
  • May 24, 2021 7:47pm May 24, 2021 7:47pm
here is the indicator...
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Attached File(s)
File Type: ex4 Grid_Box_wDiagonals.ex4   45 KB | 444 downloads
  • #3,283
  • May 24, 2021 8:04pm May 24, 2021 8:04pm
Not hard to pull the trigger when you have as clear as this...long or short...
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  • #3,284
  • May 24, 2021 8:33pm May 24, 2021 8:33pm
This is the Aussie 1 min chart for scalping....because the initial impulse (grey) has all the DNA for future support and res...just draw the square, place your angles at 1 x 1, 2 x 1, and so on....then watch...
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  • #3,285
  • May 24, 2021 8:50pm May 24, 2021 8:50pm
Quoting Swede
here is the indicator...
Awesome Swede,

thanks Jeanlouie and to you too Swede.

Regards.
  • #3,286
  • May 25, 2021 2:21am May 25, 2021 2:21am
Quoting Swede
If any of you have had the opportunity to listen to the 7 hour MSJ video you will come across a section called Square the Range. He states after an in depth explanation, that this is his favorite method for determining support/resistance and most of his analyses begins us with squaring the last important impulse wave. We showed a few illustrations using this method, and I knew instantly just how accurate it was.....but because we were using mt4 there was a problem....drawing. First you had to use your cycle tool to determine the verticals, then...
Swede, GREAT POST, and Special thanks to Jeanlouie, what he has done is not an easy task at all in Mt4. Swede, again, you have outdone yourself, take a bow. It is you Swede that has made this thread something special to many people( too many to mention, but you know who they are).
Thanks to Everyone.
DM
You NEVER will be the person you could be, without pressure & discipline
  • #3,287
  • May 25, 2021 2:24am May 25, 2021 2:24am
Quoting jonica200
{quote} Ciao Miner Enzo from South Italy hope you are safe and doing well from time to time i came to read some of your Quotes just don't know how to say thanks for all the thinks you put out for us to study it dos takes time to absorb all the material but want to say i am re-reading the Jenkins Material and the Secret angle Method is mind blowing once you get the hang of doing it doesn't take more then 5 minutes beginner looks confusion but now i can see a chart and do it in less then 5 minutes God Bless you my friend be safe Ciao
Jonica, it is people like you is why I started this thread with Swede. We just wanted people to learn and become successful, nothing more. Good Luck
DM
You NEVER will be the person you could be, without pressure & discipline
  • #3,288
  • May 25, 2021 7:30am May 25, 2021 7:30am
Love the new tool Swede - was constantly fiddling around to get a grid set up on mt4 charts. Have been using all morning. Thanks
  • #3,289
  • Edited 11:29am May 25, 2021 8:09am | Edited 11:29am
I think the way he describes the grid when properly drawn as the "DNA of future price action" certainly holds true....here is the Cable chart Daily and the Aussie chart 5 min....(notice the big round numbers in the background...never hurts to have confluence to help pull the trigger)

edit...note follow up on 5 min Aussie

edit 2 you can also place another grid over the short term grid to square the square....notice anything?
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  • #3,290
  • May 25, 2021 8:19am May 25, 2021 8:19am
And no reason to only look at one grid....once a major move has happened and we have another consolidation pattern, then set the second grind on the consolidation to see how it trades...this one was very obvious that resistance had been achieved for now and was time to consider shorts or take profits that were very yummy at this point....lol
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  • #3,291
  • May 25, 2021 9:25am May 25, 2021 9:25am
and of course, you automatically have the grid as a retrace tool and pretty clear how it works....
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  • #3,292
  • May 25, 2021 10:06am May 25, 2021 10:06am
a scalpers delight....notice the reaction at the 1 x 1, the Big Round Number, and the 50% retrace.....
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  • #3,293
  • May 25, 2021 11:54am May 25, 2021 11:54am
Bitcoin
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  • #3,294
  • May 25, 2021 7:36pm May 25, 2021 7:36pm
Using the grid give outstanding support or resistance....when combined with proven patterns, proven levels like 000, 050, or things like fib retraces, give a complete trading package that can lead to extraordinary returns.

The Gartley alone paid over 300 pips, now we have a H and A pattern, when/if the neckline is broken we could see a good retrace, otherwise look for adding to longs...
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  • #3,295
  • May 26, 2021 9:14am May 26, 2021 9:14am
Hello Swede,

Does it makes sense to sell now?

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green pips

Edit: after little adjustement, not yet but probably soon?
Bottomless wonders spring from simple rules, which are repeated without end
  • #3,296
  • May 26, 2021 10:58am May 26, 2021 10:58am
Quoting limprobable
Hello Swede, Does it makes sense to sell now? {image} green pips Edit: after little adjustement, not yet but probably soon?
I never trade gold so I don't really want to say either way....and of course it depends on so many factors...are you talking just a pull back, are you thinking short term/long term and so on....technically one should be looking for long entries because of the initial impulse...sorry, with I could comment more.

Right now I'm looking for shorter term trades...like aussie below...using diagonals from the square, and circles for the time factor adding confluence...
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  • #3,297
  • May 26, 2021 11:10am May 26, 2021 11:10am
Quoting limprobable
Hello Swede, Does it makes sense to sell now? {image} green pips Edit: after little adjustement, not yet but probably soon?
Looking at the gold chart...I see no indication of a reversal....look at the center of gravity...that was the long entry and there is no indication of a pullback at this point... It is though at a point in Time where change could occure, but you need some strong evidence of a pullback before risking money on such a strong upward chart.
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  • #3,298
  • May 27, 2021 12:45am May 27, 2021 12:45am
Quoting Swede
Using the grid give outstanding support or resistance....when combined with proven patterns, proven levels like 000, 050, or things like fib retraces, give a complete trading package that can lead to extraordinary returns. The Gartley alone paid over 300 pips, now we have a H and A pattern, when/if the neckline is broken we could see a good retrace, otherwise look for adding to longs... {image}
Swede, for years, YEARS, if I wanted to do Gann I had to draw those miserable grids and lines. I stopped with Gann because the cost benefit was just too out of line for me. Now, for anyone who knows Gann theory, a grid can be done thanks to JeanLouise!

Thank you for exposing us to this tool. This thing is NICE
If you are good at something, never do it for free--Joker
  • #3,299
  • May 27, 2021 7:05am May 27, 2021 7:05am
hi have been reading these tread for long time never use Metatrader i normally use Thinkorswim for my trading want to ask if some one give me information which Metatrader do you need i try to read on line and is so confusion with Metatrader 4 or 5 then what broker need to get data i trade stocks and some times mini futures i want to try Metatrader to be able to see this drawing tools have here in this forum can some one just guide me on a broker for data and which version of Metatrader 4 or 5 to use
thank you for any of your input you give
Enzo
  • #3,300
  • May 27, 2021 7:23am May 27, 2021 7:23am
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