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Time and Price Forecasting

  • #3,761
  • Oct 8, 2021 12:44pm Oct 8, 2021 12:44pm
Quoting OAPDave
Their is a well respected Pivot Thread who's guys are taking a beating on these 2 What would you have done {image} {image} {image} {image}
Cant really comment....first, I stay away from currencies manipulated by Central banks. Like BOJ...NZD not proficient with its nuances...besk keep my opinion to myself in these cases..lol
  • #3,762
  • Oct 9, 2021 12:29pm Oct 9, 2021 12:29pm
Hey everyone.
Hope you guys had a very good trading week. Such big moves took place. If one were patient enough, he could've made big bank on them.
Examples such as the sharp drop of NZD seconds after the interest rate decision, which squaring the range method gave a precise entry. Unfortunately I hesitated and didn't take it as it was too fast. Anyway though, every week I become more and more confident in this method.

So a big thanks here goes to Swede!

Wanted to share a trade I took after the NFP using this method.

Attached Image (click to enlarge)
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The initial spike occurred and it looked like it can't get any higher so I jumped on the trade with a tight stop loss.

Going to hold on to it for a couple days and see how it'll develop.

(Criticism and advice is always encouraged!)
When there's a will, there's a way.
  • #3,763
  • Oct 9, 2021 2:13pm Oct 9, 2021 2:13pm
Quoting kapital
Upside target...though the green channel line median line could prevent it from happening. If it doesn't, a pullback to it after a price-break above it would be a good entry point to go long. {image}
The green channel line did act as resistance for almost a 50 pip drop. However, it didn't contain price on a re-test. Now we shall see if it (or the half-pull trendline) will serve as support if a pullback to it occurs.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,764
  • Oct 9, 2021 6:16pm Oct 9, 2021 6:16pm
Quoting MoeinYzz
Hey everyone. Hope you guys had a very good trading week. Such big moves took place. If one were patient enough, he could've made big bank on them. Examples such as the sharp drop of NZD seconds after the interest rate decision, which squaring the range method gave a precise entry. Unfortunately I hesitated and didn't take it as it was too fast. Anyway though, every week I become more and more confident in this method. So a big thanks here goes to Swede! Wanted to share a trade I took after the NFP using this method. {image} The initial spike occurred...
Good catch.....now the hard part...management. Cable can move quickly so caution needed. An event like NFP can have a big effect the day up to, and the days following such a market moving event. You may want to bank part of your trade, then move your stop to break even for a longer term hold, but that depends on your personal risk tolerance. Nice work!
  • #3,765
  • Oct 9, 2021 6:28pm Oct 9, 2021 6:28pm
Quoting kapital
Brief History of Geometric Approaches from WD Gann's angles to Geometric Synthesis http://tradinggeometrico.weebly.com/...eometrica.html
looks interesting, but can u post in English?
  • #3,766
  • Oct 9, 2021 8:40pm Oct 9, 2021 8:40pm
Quoting Swede
{quote} looks interesting, but can u post in English?
Look for a translation feature on your browser.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,767
  • Oct 10, 2021 10:30am Oct 10, 2021 10:30am
Quoting kapital
{quote} Look for a translation feature on your browser.
No I meant a true translation....including illustrations etc. Google translation leaves illustrations out and some of the translated sentences and words make little sense. Anyway, there is much to learn from the traders who have mastered some of the techniques we are trying to adopt...thanks for posting.
  • #3,768
  • Edited 1:19pm Oct 10, 2021 12:52pm | Edited 1:19pm
Quoting OAPDave
The story of OIL ? {image} {image} {image} {image} {image} {image}
Textbook long on the daily you posted, note how price broke through 8/8 and then came back on the retest of 8/8...there was the perfect entry for the run to current price..

also note the 1 hour chart corresponds to 0/8 ....I would have been on this had I been running these two charts..
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  • #3,769
  • Oct 10, 2021 4:24pm Oct 10, 2021 4:24pm
Quoting Swede
{quote} No I meant a true translation....including illustrations etc. Google translation leaves illustrations out and some of the translated sentences and words make little sense. Anyway, there is much to learn from the traders who have mastered some of the techniques we are trying to adopt...thanks for posting.
Everything reads just fine in my Google browser and the illustrations are intact.

Do you see the circled translation icon below in your browser?
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,770
  • Oct 10, 2021 5:53pm Oct 10, 2021 5:53pm
Quoting kapital
{quote} Everything reads just fine in my Google browser and the illustrations are intact. Do you see the circled translation icon below in your browser? {image}
Aha! ...on my Windows computer the translation was perfect.....I was trying to translate on my Ipad and it was fractured somehow...thanks Kapital.
  • #3,771
  • Oct 10, 2021 9:15pm Oct 10, 2021 9:15pm
Quoting Swede
{quote} Good catch.....now the hard part...management. Cable can move quickly so caution needed. An event like NFP can have a big effect the day up to, and the days following such a market moving event. You may want to bank part of your trade, then move your stop to break even for a longer term hold, but that depends on your personal risk tolerance. Nice work!
Sunday comments.....this is exactly why I have Big Round Numbers displayed on my charts for cable....price opened around 1.3615....touched 1.36000 and you now have your trade challenged......
  • #3,772
  • Edited 10:45pm Oct 10, 2021 9:49pm | Edited 10:45pm
Quoting Swede
{quote} Sunday comments.....this is exactly why I have Big Round Numbers displayed on my charts for cable....price opened around 1.3615....touched 1.36000 and you now have your trade challenged......
Lol yeah. I love round numbers. Always take em into considerations. Specially when a confluence is in place.

As for the trade, stopped at breakeven. Makes me think of the times I usually ended my trades on weekends and waited for another week to start again.

Though I feel like it may be just a retest of the NFP high. Oh well. All fine!
When there's a will, there's a way.
  • #3,773
  • Oct 11, 2021 6:09am Oct 11, 2021 6:09am
The "precise" timing of reaching the target was off by just a few candles.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,774
  • Oct 11, 2021 6:13am Oct 11, 2021 6:13am
Quoting Swede
{quote} Aha! ...on my Windows computer the translation was perfect.....I was trying to translate on my Ipad and it was fractured somehow...thanks Kapital.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,775
  • Oct 11, 2021 10:01am Oct 11, 2021 10:01am
reset charts for the week .....sweet!!
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  • #3,776
  • Oct 11, 2021 11:50am Oct 11, 2021 11:50am
going to incorporate MM in my hourly charts for awhile...using grid for confluence, there are just too many accurate points to ignore, and lessens some of the manual drawings...a beautiful entry during NY..(last arrow down) for a really nice day trade..(for a net +34)
Attached Image (click to enlarge)
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  • #3,777
  • Oct 11, 2021 12:00pm Oct 11, 2021 12:00pm
Quoting Swede
going to incorporate MM in my hourly charts for awhile...using grid for confluence, there are just too many accurate points to ignore, and lessens some of the manual drawings...a beautiful entry during NY..(last arrow down) for a really nice day trade..(for a net +34) {image}
Hi Swede. Could you share the indicator please?
When there's a will, there's a way.
  • #3,778
  • Oct 11, 2021 1:00pm Oct 11, 2021 1:00pm
Quoting OAPDave
{quote} Swede That's good in fact very good indeed Here is a problem that I just cannot solve with my brokers charts The Sunday Bars Very briefly Murrey uses 4 8 16 32 64 128 256 days for his Trade Frames Using you idea to tweaking the the Fib Time tool i can get this, but it's quite obviously wrong If I had (Correct Daily Bars) and then could square the chart we would have as near as we could get a Murrey Chart we could even get the angles etc ps I am going to have a stab that Murrey New year cycle date is OCTOBER 6th enclosed a very poor effort...
instead of all the trial and error, why not open a demo account with a broker who uses the correct platform and just use your broker to enter and exit...just a thought
  • #3,779
  • Oct 11, 2021 1:03pm Oct 11, 2021 1:03pm
Quoting MoeinYzz
{quote} Hi Swede. Could you share the indicator please?
Attached File(s)
File Type: ex4 Murrey_Math1.L 1.ex4   28 KB | 429 downloads


this is the one I use...........when you go to hourly enter 60 instead of 1440 Dave is the one to ask regarding settings and so on...he has been using MM for a long time..
  • #3,780
  • Oct 11, 2021 2:31pm Oct 11, 2021 2:31pm
Quoting Swede
{quote} instead of all the trial and error, why not open a demo account with a broker who uses the correct platform and just use your broker to enter and exit...just a thought
Swede
Murrey was a EOD standalone piece of software, we will never know if he created an intra day version but it seems to have defeated even Xard777 attempts using MT4, so I am afraid it would be a personnel dream of mine to have a (Correct working version) but its not going to happen
It gives me great pleasure that you now have some belief with only a limited version, I am sure you can see the possibilities of Murrey in our trading now and
we can both agree we have enough ability with what we have to gather a few pips now and again


ps
I am just hoping that now you show it in your posts, that we will see it appear in the downloaders posts
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