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Time and Price Forecasting

  • #3,481
  • Edited 12:20pm Jul 1, 2021 10:21am | Edited 12:20pm
Quoting OAPDave
{quote} Swede Because of the type of guy you are, Open, Honest and Transparent with your ideas trading methods and even indicators that you use, you are responding to a 19 year old student that starts most of his posts with "What do you think guys" My Thoughts are I find creating Trading Methods very easy, their are guys like You, Parisboy and many others on FF that take the time and trouble to post their (in most cases excellent methods), I can either run with their idea's or mix and match them to develope something that suits me The thing that...
Totally and completely agree....the “method” is only the Starting point of a trade, probably the smallest component because once you “see” the area to trade then how do you enter, when do you enter, how much should I risk, how long should I give the trade, when do I move the stops to break even, should I fiddle with the stops, where should I exit, why is the sky blue? And so on and so on.

Its called management, are we managing a trade just like we manage our life? If we are about to retire, do we take out a million dollar mortgage for that fancy property only to now find we haven’t the resources to actually retire and go fishing or something, why? because were in too deep. Same with trading, do we take on too much to be comfortable so we can give the trade time to mature?

Warren Buffett ( a man I admire) is a buy and hold trader. He has owned shares like Coca Cola forever because of the overall demand and acceptability of the product. He believes in it totally. But did his philosophy work when he believed in the overall weakness of the US dollar by shorting, and holding the trade? He lost what you and I would consider a fortune by betting on weakness that was not there, and even when the signs were clear he still held his positions......see, he needed to change quickly, and we need to do just as you have stated many times “I trade what I can see”.

my target on Cable is 1.37....about 70 more pips to go so this was my buy and hold....small position, stop at break even +50 at this point.....watching Cad daily atm...think an opportunity here.

About the little snot who questioned my integrity.....he is just looking for a handout, not prepared to actually do some pre planning before trading...and that’s unfortunate because he will go nowhere in life with his attitude. Best he go back to his comic books for guidance.
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  • #3,482
  • Edited 11:53am Jul 1, 2021 11:30am | Edited 11:53am
So Dave, your to be commended for the trade, you acted on your analyses and that is always a huge step in trading. Even though the result is not what you wanted, you can call yourself a trader, no question.

You and I and Alain don’t need to prove ourselves to anyone. Each of us have strengths and weaknesses, sometimes we feel like the best traders in the world only in the next hour feeling we are totally flawed in our analyses and thinking, because of a turn around causing a loss instead of a profit.....haaaaa! That’s trading!

I read a lot about pro traders, anything I can actually, and I can say without reservation the best of the best have no problem accepting their losses when they come, and they will come at times, unfortunately. Another thing that is common among them is they seldom trade exact tops or bottoms....they want confirmation of direction rather than exact entries. A lesson there I
  • #3,483
  • Edited 2:22pm Jul 2, 2021 10:07am | Edited 2:22pm
Well Dave...NFP took a bit of profit back, but had already reached target on Aussie so was out....Cable came within 30 pips pf target so im still in....but may close soon....Bank Holiday in US on Monday, market thinning now so may get out with a decent profit...we will see in the next hour....

ps....the Cad entry short yesterday was bang on...

Always good to look the to three Amigos for overall direction....Euro, Pound, Aussie...still look solid downward trajectory..
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  • #3,484
  • Edited 1:59pm Jul 2, 2021 10:55am | Edited 1:59pm
Quoting OAPDave
{quote} Swede I think we are very lucky, in that You Me and Alain can see our invisible posts to each other as almost no one else seems to see them I like the fact that we can post slightly different Methods but yet know and understand each others ( must admit the Bit Coin thing carries no interest for me) but at the same time, its just amazing trading Must say well done a bit of cool calm trading there {image} {image} {image}
Indeed....still having some reservations about my trades on Bitcoin...but I get what he is illustrating...anyway, going to be cautious with it since Im a rookie in this area of trading...
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  • #3,485
  • Jul 4, 2021 5:04am Jul 4, 2021 5:04am
Quoting EmmK
The square is a great pattern and can be used to get at PRICE TIME AND DIRECTION....THAT'S ALL A TRADER NEEDS TO KNOW WHEN TO ENTER AND COME OUT, WHAT PRICE AND WHAT DIRECTION THE MARKET IS HEADING...LET'S NOT GET LOST IN PTV AS IT'S HARD TO GET THE DIRECTION. {image}
Reading palms is not going to help anymore.
Just launch a drone that can travel with the robots being operated by big market maker syndicate.
In fact, it has been easier than before to do so.
Practice makes a person perfect
  • #3,486
  • Jul 4, 2021 5:29am Jul 4, 2021 5:29am
Quoting Swede
About the little snot who questioned my integrity.....he is just looking for a handout,
What is insane is that you literally gave him a freebie. Knowing how to size those squares is golden. It is up to him to find out why those angles exist. They say luck is when preparation meets opportunity.

You gave the opportunity, those who are not prepped are own their own.
If you are good at something, never do it for free--Joker
  • #3,487
  • Jul 4, 2021 11:08pm Jul 4, 2021 11:08pm
Quoting EmmK
{quote} Wouldn't that vesica piscis help in determining the scale?
Can you give an example of how this is done?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,488
  • Jul 5, 2021 12:38pm Jul 5, 2021 12:38pm
Quoting simnz
{quote} Reading palms is not going to help anymore. Just launch a drone that can travel with the robots being operated by big market maker syndicate. In fact, it has been easier than before to do so.
I see
  • #3,489
  • Jul 5, 2021 12:41pm Jul 5, 2021 12:41pm
Quoting kapital
{quote} Can you give an example of how this is done?
Check out the two circles in his chart and you will see it...the small side or horizontal side of the shape is time and vertical side price...and you have your ratio
  • #3,490
  • Jul 5, 2021 2:13pm Jul 5, 2021 2:13pm
Quoting EmmK
{quote} Check out the two circles in his chart and you will see it...the small side or horizontal side of the shape is time and vertical side price...and you have your ratio
Ok...thanks.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,491
  • Jul 5, 2021 2:15pm Jul 5, 2021 2:15pm
Quoting EmmK
{quote} Hey guys, it's an interesting challenge to find the scale. ..the ellipse method and sqaures and other patterns are great for having price and time work together to GIVE A PRICE, TIME AND DIRECTION OF THE MARKET...what is first driving all these are scales behind them... For now I would say #SWEDE's indicator will go a long way offering precision. Now coming to the SCALE. Davide Catanossi studied a book by George Bayer and so did Beann (market esoterica book guy) and his use of ellipse and scales. What is interesting is George Bayer says...
How were your trade dates and directions determined?
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,492
  • Edited 7:37pm Jul 5, 2021 4:43pm | Edited 7:37pm
@Emmk, Kapital, Simnz and others.......I really feel we beat ourselves up trying the hundreds of ways some think time can be calculated with any amount of accuracy. I can say this after tons and tons and tons of trial and error of formulas that may work on wheat, sugar, or canola prices, but have nothing whatsoever to do with forex. I have worn one calculator trying to be as accurate as possible, only to watch my expected turn sit in a consolidation pattern for the next week or so or simply not react at all.

But here's the thing....none of the so called gurus of the Gann world do any better actually, that is a disheartening reality...so what does have some accuracy or do we all go back to our RSi and Stochastic...grrr?

But I have found this one success (within a day or two) to work splendidly and once again its all about the DNA determined from the initial move and its so damn simple it hurts to admit all my calculus was in vain. But there are a few steps that need to be taken, simple steps, easy to do, but with huge alerts to the astute trader who understands impulse waves.
Minimum Time Frame Daily
Step 1....identify the impulse wave of significance.
Step 2....Place the Grid from high to low with diagonals
And next..... This is the point that is missed by so many as to the accuracy of time cycles.....
Step 3....Overlay your cycle tool to square up the grid and project the square verticals forward....

This is probably as accurate as anything in determining Time.......the diagonals are automatically scaled because they are taken from the impulse wave, once calculated no further scaling needed.....

Do not, absolutely do not take my word for it....do it yourself and see, does not matter if you are using mt4 or Tradingview, the tools are there for our use..

Please note.....this application is effective up until a new grid is drawn from a new significant impulse wave.
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  • #3,493
  • Jul 5, 2021 8:06pm Jul 5, 2021 8:06pm
And here is the same currency, only weekly....nice thing is once you have the chart completed you dont need to fiddle with it for the next few months....
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  • #3,494
  • Jul 6, 2021 9:20am Jul 6, 2021 9:20am
Quoting Swede
@Emmk, Kapital, Simnz and others.......I really feel we beat ourselves up trying the hundreds of ways some think time can be calculated with any amount of accuracy. I can say this after tons and tons and tons of trial and error of formulas that may work on wheat, sugar, or canola prices, but have nothing whatsoever to do with forex. I have worn one calculator trying to be as accurate as possible, only to watch my expected turn sit in a consolidation pattern for the next week or so or simply not react at all. But here's the thing....none of the so...
I totally agree with you. Let me just find time and I will prove why I agree with you.
  • #3,495
  • Jul 6, 2021 9:30am Jul 6, 2021 9:30am
Quoting kapital
{quote} How were your trade dates and directions determined?
Using the Arcana for DECANATES
Attached File(s)
File Type: pdf Sepharial Arcana or stock share key.pdf   36 KB | 2,215 downloads
  • #3,496
  • Edited 11:44am Jul 6, 2021 9:48am | Edited 11:44am
Quoting OAPDave
{quote} Swede Great post yet again I have absolutely no doubt your Method works and works well But I am afraid after trying to hit a home run and messing up badly I am going to stick with my old tried and trusted method and simple money-management that serves me well As I say many times I will always follow your posts and place a (like) to show you I have read them Thanks for your constant effort Dave
For certain we all need to do what works for us and nowhere should we leave a bad taste with traders who are happy with a method that is successful. This forum is called Time and Price Forecasting and we see in other forums methods regarding price that work very well. Just watch Laura, or Davit or COT traders, they are very good in the PRICE calculations. In fact, there is little need to even consider time in their calculations. Your MM method is really fine because you have refined it to suit you and you need to keep refining your method until it is automatic, which I think you are at that junction.

But we have this additional, and the most difficult, TIME factor to try and calculate, and I’m sad to say it is truly flawed in the Forex world. Traders seem to think that if we do a certain calculation, or a series of calculations, we should be able to pinpoint the entry with certainty. Well, it simply is untrue. Even those who write books on the subject only come to a time period of interest, not an exact time where everything aligns and big changes occurs. Sure, someone like Jenkins or Cowan will illustrate when they caught the perfect trade, but really, let’s also look at the hundreds that didn’t work, those are seldom shown.

we come back to our conversation the other day Dave, method is only that, it’s the start of a trade, not the finish. When we see a cycle completed, and price stalls or shows signs of change, now we use all our resources to see if this truly is a turning point, risk management, when to enter, stops and so on.

Anyway, I think it is a worthwhile endeavor to establish a time zone just as much as a price zone, so I will continue to work to refine.
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  • #3,497
  • Jul 7, 2021 11:33am Jul 7, 2021 11:33am
Rather than try to convince everyone if the value of this analyses, I will just post a "Chart of the Day" for your own thoughts going forward.......Note the accuracy of the timing of the turning points, based from the initial DNA.....

ps....if anyone needs some pointer on setting the grid properly, let me know as I am willing to help where I can.

"Red alert....FOMC in an hour or so...protect your profits or wait for any thoughts of entry''
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  • #3,498
  • Jul 7, 2021 3:02pm Jul 7, 2021 3:02pm
Quoting Swede
Rather than try to convince everyone if the value of this analyses, I will just post a "Chart of the Day" for your own thoughts going forward.......Note the accuracy of the timing of the turning points, based from the initial DNA..... ps....if anyone needs some pointer on setting the grid properly, let me know as I am willing to help where I can. "Red alert....FOMC in an hour or so...protect your profits or wait for any thoughts of entry'' {image}
I noticed greater security, taking a wave, either from the lows or the highs. only me?
  • #3,499
  • Jul 7, 2021 4:01pm Jul 7, 2021 4:01pm
Quoting giuse224
{quote} I noticed greater security, taking a wave, either from the lows or the highs. only me?
Absolutely.....taken from anything other than swing highs or swing lows will give you false readings. The DNA is totally based on either the high or lows of the trend in place, a major retrace level of the prevailing trend is the strongest.

Also, when drawing the grid, the grid should encompass all of the price during the 4 sections, it can breach the grid but quickly returns into the grid.

GJ chart 2 posts back is a good example....once price breaks out then the diagonals are your guide going forward, but notice how price was contained during the whole of the grid, then broke north and see how the diagonals gave direction...
  • #3,500
  • Jul 8, 2021 9:34am Jul 8, 2021 9:34am
Great move on yesterdays Chart of the Day....GJ...compare today

Great move on Aussie...hit resistance at BRN 76 and fell like a rock....
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