Time and Price Forecasting

Quoting kapital

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@ Swede Would you have taken a buy trade at the grid center? If so, where would you have placed your stop-loss? {image}

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Quoting Swede

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{quote} The DNA grid (impulse wave) is the most important start, and will always be drawn from swing high to swing low, all other measurements will then be in place going forward.....I would have only taken the long at the 1x1 as shown...maybe just a number stop of 10 pips... ps...some discretion needed during the measurement of the initial impulse wave.... for example the spike down where you took your measurement from was just a reaction to a minor news report...the true bottom of the swing came a few hours later.... {image}

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Quoting kapital

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{quote} Is the low you chose on your chart the extreme low or is it the one to its left (which is the extreme low and the one I chose on my chart)? Also, why didn't you chose the extreme high to draw the grid?

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Quoting Jedburgh

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It's there for the taking friends. {image}

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Quoting Jedburgh

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Swede, It's a H4 of NzdCad. I struggled with the scale of the chart for geometric tools --specifically the circle-- for nigh on 25 years. Thanks to you or some trader on forexfactory who requested JeanLouie tackle the circle tool, I no longer struggle with scale. The chart I attached is MT4 and just good old fashioned auto scale. That said, yes there are a few nuances here and there that I do not have the inclination or patience to teach on an open forum. As Jenkins likes to say, "Much more could be said". Many thanks to JeanLouie and whichever...

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Quoting Jedburgh

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Here is current NzdCad H4 chart. Inner square giving potential price/time setup. Not a recco for anyone, just pointing out simple geometry available to us thanks to JeanLouie's coding skill and whichever trader from this forum --I can't remember if it was Swede or who exactly-- requested that JeanLouie code some geometric tools for those of us interested in these things. I cannot thank both of you enough. {image}

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Quoting Jedburgh

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Hi Swede, I'm using JeanLouie's circle maker 1.1 and drawing in the square by hand using the little rectangle grab handles on the circle.

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Quoting Jedburgh

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I understand what you mean about using the Beck's emblem tool to get the square but the thing is, the Beck's only draws the circle one particular way. I use the square within the circle quite a bit but I rarely draw the circle the way the Beck's tool draws the circle. There are several other ways (see Jenkins for a good start) to draw the circle and I find that these ways offer me all I need to cover 90% of what the market throws at me. I don't mind if others don't see the value. To each their own. Perhaps I will post a setup from time to time just...

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Quoting Swede

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{quote} Must have touched something re extreme high, will repost. (Tradingview is not my platform). The reason I did not use the spike for my measurement was simply it was a minor reaction to a news release (job availability US) and this is why, each successive bar closed lower before any sign of a retrace. It just needed more time to confirm the low so a bit of discretion and patience required sometimes... edit....but see the day chart...I will consider being a seller at the BRN 11900 ish since the overall direction has been strong south...time...

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Quoting Jedburgh

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Current CadJpy, this one's for you Swede. {image}

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Quoting kapital

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{quote} 294.8 pips / 9 days = 32.76 pips/day....so how did he arrive at 14.65 pips/day?

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Quoting anonymous11

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{quote} he has taken the square root

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