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Time and Price Forecasting

  • #3,621
  • Aug 20, 2021 11:31am Aug 20, 2021 11:31am
Thanks Swede! Sharing golden tips for sure.
Very grateful.

To be honest I'm kinda freaking out of how accurate this method can be. Also being careful not to get too excited! But definitely getting there.

Tried it.

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Looks like it could turn into a head and shoulders with the neckline being the line crossing the corners.
Time will tell if it could be a buy or sell opportunity. Hoping for a long term position.
When there's a will, there's a way.
  • #3,622
  • Aug 20, 2021 11:54am Aug 20, 2021 11:54am
Inspired by Swede, DM and other who contributing selflessly. MJ's angles. Initial impulse angle and the 1/2 angle that caught the bounce and up and away it goes.
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  • #3,623
  • Aug 20, 2021 12:02pm Aug 20, 2021 12:02pm
Quoting MoeinYzz
Thanks Swede! Sharing golden tips for sure. Very grateful. To be honest I'm kinda freaking out of how accurate this method can be. Also being careful not to get too excited! But definitely getting there. Tried it. {image}{image} Looks like it could turn into a head and shoulders with the neckline being the line crossing the corners. Time will tell if it could be a buy or sell opportunity. Hoping for a long term position.
For precision setting the grid, adjusting it properly, go to post 3504 and 3505.....3506 is good also
  • #3,624
  • Edited Aug 21, 2021 9:10am Aug 20, 2021 5:16pm | Edited Aug 21, 2021 9:10am
Quoting Swede
{quote}{quote} Not sure what happened there...I notice my scale has changed overnight as the bottom broke south and as I redraw the circle and angles n?w they are the same as yours. Are you using the indicator that I have included below? If so, there are only two adjustment points on the circle when you first place one on your charts {image} {file}
Hello Swede

Thankyou very much. This indicator is much easier to use than the Circle script.v1 I had.
USD CAD H4 with grid included. some confluence where the upper grid line and angle meet about where price is now.
Thank you for posting this grid indicator. It is is very interesting.
Im going to watch the Jenkins video to learn more about it.
I set the grid on H4 NZD JPY. It works very well. The recent high caught within 3 pips.
The bottom arrow shows the bottom of the grid. Price has now exited the grid on the last few bars.
NZD JPY M15 shorter term view. I tried to investigate more, but I still think the H4 angles and the bottom grid line give the most valuable information. 75.07 yellow line 50% mid given by the Jenkins Secret angle Script on H1
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  • #3,625
  • Aug 21, 2021 11:48pm Aug 21, 2021 11:48pm
Hey everyone. Hi Swede.

On Friday I was able to get some super accurate entries on the USDCAD. I used the circle for entries.
After Swede provided the insight about the Grid with Diagonals, and I read some posts about it, it kinda occurred to me that this tool can be a little more accurate. I'm not completely sure about this because I've only been trying to use these methods for a couple of days.

This is USDCAD with the Grid and Diagonals calculations.

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Very accurate entries. I'm personally holding my positions until the next Diagonal trendline. Would you say that's a good Profit Target?

As you can see it has provided many areas of value which could've been used to precision entries and nice pips to bank.

This Grid and Diagonals calculation, accompanied by time cycles are now my favorite tools for entries. Because of course the precision! I'm not saying this system wouldn't have losers. Of course there may be! That's trading. But I've been using it on past data trying to find possible entries before in time, and the answer is there were so many! With and/or counter trend moves.

Gotta say. This thread is a gem. Studied with discipline and commitment, it could be a great moneymaker.
When there's a will, there's a way.
  • #3,626
  • Edited 5:22am Aug 22, 2021 12:32am | Edited 5:22am
I like the Jenkins quick and dirty targets techniques
I have started to put the lines here at 40.7 pip measurements.
starting from the first bar of the most recent reversal on USD CAD H1.
Jenkins says: use the measured move idea of doubling the width of the reversal bar.
I have just put the lines at 40.7 pips so far which looks like this.

On H4 it looks like this with the angles.
Im getting some more areas of confluence now.
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  • #3,627
  • Aug 23, 2021 10:04am Aug 23, 2021 10:04am
Quoting MoeinYzz
Hey everyone. Hi Swede. On Friday I was able to get some super accurate entries on the USDCAD. I used the circle for entries. After Swede provided the insight about the Grid with Diagonals, and I read some posts about it, it kinda occurred to me that this tool can be a little more accurate. I'm not completely sure about this because I've only been trying to use these methods for a couple of days. This is USDCAD with the rid and Diagonals calculations. {image} Very accurate entries. I'm personally holding my positions until the next Diagonal trendline....
Depends on how WTI reacts today....Cad is a commodity based currency and reacts to oil prices...if oil is up, Cad heads south..(.inverse on Forex Charts) i expect the center to be tested...but maybe later this week...
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  • #3,628
  • Aug 23, 2021 11:35am Aug 23, 2021 11:35am
Thank you Swede, DiamondMiner, and the rest of you Riverboaters!

Long time lurker, first time poster. Thought I'd share...

5 min Gold, PST time.

Thank you to whomever posted following "range squaring" technique somewhere in Forexfactory, cannot find post to provide credit....

TradingView:

1. Measure primary angle (PA).
2. Take 50% of PA and draw trend line from low to high of range.
3. Drag "Date and Price Range" tool DOWN from range high to 50% trendline, then right to left so that mid line in tool intersects with 50% trendline.
4. Lock price to bar ratio.
5. Insert standard angles (1x1, 1x2, 2x1) along with sup/res (25, 50%) levels.
6. Draw lines from range low through 25 & 50% sup/res line, then vertical line from where lines intersect along high of range.
7. Be patient and wait for price to meet time, place entry tick below/above extreme bar.
8. Stop for me is range of extreme bar from high/lo of extreme bar.
9. Take profit at next time/price confluence.
10. Be PROUD, leads to confidence and growing equity curve.

Interesting to find this approach points out most trades Swede's grid system or Kapital's circle method catch.

Thank you all once again, outstanding contributions!
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  • #3,629
  • Aug 23, 2021 12:30pm Aug 23, 2021 12:30pm
Quoting Jairay
Thank you Swede, DiamondMiner, and the rest of you Riverboaters! Long time lurker, first time poster. Thought I'd share... 5 min Gold, PST time. Thank you to whomever posted following "range squaring" technique somewhere in Forexfactory, cannot find post to provide credit.... TradingView: 1. Measure primary angle (PA). 2. Take 50% of PA and draw trend line from low to high of range. 3. Drag "Date and Price Range" tool DOWN from range high to 50% trendline, then right to left so that mid line in tool intersects with 50% trendline. 4. Lock price to...
Most do not understand when we use the term "Squaring The RANGE" what it actually means. First of all what range are we talking about and what does it mean?

The Range is the movement of price from High to Low or Low to High that contains future price action. In other words price does not break out of the range (it may for a short period but comes back into range quickly) And that is precisely why when we draw the grid price should not have broken out of the 4 squares and the initial Range is the DNA of future price action.

And when set up properly you will automatically see the center of gravity and how price reacts at the 1/4 levels, often providing scalping opportunities.. After price breaks out, then you have the diagonals telling the future story, over and over and over again.

USD/Cad is a good example today....so far almost 300 pips in the bank for astute traders of this method of price analyses.

Post 3504,5,6...will guide you in the proper way to draw the grid...
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  • #3,630
  • Edited 9:30pm Aug 23, 2021 6:16pm | Edited 9:30pm
Picture perfect reversal in the making at the 1 x 1.....
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  • #3,631
  • Edited 8:26am Aug 24, 2021 7:00am | Edited 8:26am
Quoting Swede
Picture perfect reversal in the making at the 1 x 1..... {image}
Hello Swede. that is one beautiful chart. the angles /cycles are singing.
Im studying the Jenkins video today which is very helpful explaing about how the offset angles create cycles.
Your chart is a most excellent example. Thank you
NZDJPY H4 + AUDCAD H4
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  • #3,632
  • Aug 24, 2021 8:28am Aug 24, 2021 8:28am
Quoting Swede
{quote} Depends on how WTI reacts today....Cad is a commodity based currency and reacts to oil prices...if oil is up, Cad heads south..(.inverse on Forex Charts) i expect the center to be tested...but maybe later this week... {image} {image}
Hey Swede.

Thanks for your input. CAD gained good bunch this week. Very nice. Congrats to whoever held until the area you said. I unfortunately covered my shorts way sooner, on the 38.2 of the big swing, around 1.276.

One of my problems is holding on to my winners and riding them. The thing is many times that holding on has cost me to cut my profit in half because the price reversed and I was afraid it was gonna stop me on Breakeven so I just closed them with the little profit. Happened so many times.

So that's why I'm frequently having problem with having a good TP area. But I guess to each his own. Everybody's different.
Definitely an area I need to work on my trading management. So if you guys could point me in some good directions, give me guidelines that'd be much appreciated.

A recent EURUSD trade I took using the circle method!
I'm doing my analysis in both Grid with Diagonals and Circle, but sticking to the method that gives me the most touches on my angles. That's become my filter for a good trade setup. Would you say that's a good outlook?

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As you can see, the EURUSD showed multiple touches on the circle method.
However if I took my swing on the Grid from elsewhere, I might've gotten other good entries too.
But the circle showed very good touches that I decided to stick with it.
Now up about 300 points.
When there's a will, there's a way.
  • #3,633
  • Aug 24, 2021 10:52am Aug 24, 2021 10:52am
Quoting MoeinYzz
{quote} Hey Swede. Thanks for your input. CAD gained good bunch this week. Very nice. Congrats to whoever held until the area you said. I unfortunately covered my shorts way sooner, on the 38.2 of the big swing, around 1.276. One of my problems is holding on to my winners and riding them. The thing is many times that holding on has cost me to cut my profit in half because the price reversed and I was afraid it was gonna stop me on Breakeven so I just closed them with the little profit. Happened so many times. So that's why I'm frequently having...
Age old problem...when to take profit....?? Squaring the range method seems to have a very reliable target...the Center of Gravity. there is a lot written about it just as using Fib 61.5 and so on...but using the grid method really clarify areas of interest. Yesterday I posted Cad target being the COG (see post 3629) because I have seen this scenario play out so many times...and look at the chart...sure enough the COG is providing support (at least for now) and a great place to take profit...this represents a 325 pip move in a very short time, so a retrace here is expected...anyway I think you can see the power of this method.
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  • #3,634
  • Aug 24, 2021 11:04am Aug 24, 2021 11:04am
Post 3630 shows the reversal taking place...now look at the result...thanks to the square the range calculations...but in every case using this method it take time and patience to achive big results.
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  • #3,635
  • Aug 24, 2021 11:20am Aug 24, 2021 11:20am
Quoting Swede
{quote} Most do not understand when we use the term "Squaring The RANGE" what it actually means. First of all what range are we talking about and what does it mean? The Range is the movement of price from High to Low or Low to High that contains future price action. In other words price does not break out of the range (it may for a short period but comes back into range quickly) And that is precisely why when we draw the grid price should not have broken out of the 4 squares and the initial Range is the DNA of future price action. And when set up...
Appreciate the input, thank you for sharing your wisdom.

JR
  • #3,636
  • Aug 24, 2021 11:28am Aug 24, 2021 11:28am
Quoting MoeinYzz
{quote} Hey Swede. Thanks for your input. CAD gained good bunch this week. Very nice. Congrats to whoever held until the area you said. I unfortunately covered my shorts way sooner, on the 38.2 of the big swing, around 1.276. One of my problems is holding on to my winners and riding them. The thing is many times that holding on has cost me to cut my profit in half because the price reversed and I was afraid it was gonna stop me on Breakeven so I just closed them with the little profit. Happened so many times.
Had same problem, when trading my mind was not my friend...

Learned from Mark Douglas: Place your trade (entry, stop & profit target) and walk away, no peeking, for twenty trades. Out of this world challenge to get through exercise, took me over a year(!!!), but once I did, my equity curve began to steadily grow in right direction, thought me to trade what I see, not what I think, good luck!

JR
  • #3,637
  • Edited 11:11am Aug 25, 2021 10:14am | Edited 11:11am
So for those who are working with Squaring the Range for the first time, there are additional calculations using your fib tool to determine potential take profit areas, or areas where price will probably reverse temporarily....so recalculate your fib tool to show 0,25, 50, 75, 100 levels and place it over your overall range...

Lets see how this plays out on our AC trade that was started on Monday...as you can see we have moved nicely, but now a level has been reached where things could reverse in the short term, or if we took the trade from Monday, this may be a great spot to take partial profits, or sideline altogether until a retrace completes..
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  • #3,638
  • Aug 25, 2021 11:10am Aug 25, 2021 11:10am
And once again, for emphasis, the power to contain, or reverse, or???? regarding the center of gravity
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  • #3,639
  • Edited 9:20am Aug 26, 2021 7:25am | Edited 9:20am
NZD JPY another perspective
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  • #3,640
  • Aug 26, 2021 7:50am Aug 26, 2021 7:50am
Quoting Rubernet
Hi DM and Swede Please evaluate the Beck's Emblem indi and give me your feedback. Beck's_Emblem - creates an emblem on loading or parameter change, if btn is shown then emblem is made on btn click - dyad, tetrad, triad - all lines are stylable, the angle lines have ray options - 0-90 degree labels, with optional notes if you want to add a note to a line - reversible -up/down -backwards/forwards - intended for use on a fixed scale chart, will rescale if main line is selected on a non-fixed scale chart - because of the way it needs to be calculated,...
Sorry,
is there Emblem for mt5? or can traslate to mt5?
thank you
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