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Time and Price Forecasting

  • #3,801
  • Oct 14, 2021 10:07am Oct 14, 2021 10:07am
Quoting Swede
4 hour....good place for a bounce?? {image}
Never like fighting my Chart Daily Open
Also last Octave shift was down

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  • #3,802
  • Oct 14, 2021 10:22am Oct 14, 2021 10:22am
Quoting OAPDave
{quote} Never like fighting my Chart Daily Open Also last Octave shift was down {image}
very good point....I find im trading the MM like a rank newbie. Look at my GBP chart....left 35 pips on the table and counting..I guess Im having a hard time believing what I am seeing yet. lol
  • #3,803
  • Oct 14, 2021 10:39am Oct 14, 2021 10:39am
Quoting Swede
{quote} very good point....I find im trading the MM like a rank newbie. Look at my GBP chart....left 35 pips on the table and counting..I guess Im having a hard time believing what I am seeing yet. lol
Your doing great
I had and still have a hard time reading and understanding all about Murrey and his ideas that is why it as took me such a long time to understand it, well in my own way,
The chart Shift is the killer to understand , like when Parisboy doubles his envelope,.
To this day I have no idea if I trade Murrey the correct way, I just trade It as my eyes see it, and that's after what must be thousands of hours starring at the charts
I found the best way in the end was just to watch one pair, then once you could make a few bob on a constant basis added other pairs

I like to start fresh every day if possible and with the aid of Daily Range just go up or down the ladder one step at a time , hence I still get very excited when I see 25/30 pips, also that helps with my money-management
  • #3,804
  • Edited 12:01pm Oct 14, 2021 11:47am | Edited 12:01pm
Quoting Swede
{quote} very good point....I find im trading the MM like a rank newbie. Look at my GBP chart....left 35 pips on the table and counting..I guess Im having a hard time believing what I am seeing yet. lol
Swede this is off topic
This is why I am interested in my chart open, even though its 1 hour wrong Uk Time
my observations of the Daily Wkly and Monthly opens
ps
I will delete as normal, once you have seen it
not sure why I do as my post seem invisible to others

ps
Feel guilty now I have probably talked you out 0f 30 pip ish from the GA
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  • #3,805
  • Oct 14, 2021 12:05pm Oct 14, 2021 12:05pm
Quoting OAPDave
{quote} Swede this is off topic This is why I am interested in my chart open, even though its 1 hour wrong Uk Time my observations of the Daily Wkly and Monthly opens ps I will delete as normal, once you have seen it not sure why I do as my post seem invisible to others ps Feel guilty now I have probably talked you out 0f 30 pip ish from the GA {image} {image} {image}
no, leave it on please...great reference post number....thanks
Well, being time of day, and the very oversold condition, I did expect GA to bounce, which it did....but one has to be nimble on those, your asking for problems if you cant sit at your computer and monitor.
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  • #3,806
  • Oct 14, 2021 12:10pm Oct 14, 2021 12:10pm
Quoting Swede
{quote} no, leave it on please...great reference post number....thanks Well, being time of day, and the very oversold condition, I did expect it to bounce, which it did....but one has to be nimble on those, your asking for problems if you cant sit at your computer and monitor.
Attached File(s)
File Type: ex4 ! NIH98 Open Price Pct Range Mapping Indi.ex4   23 KB | 453 downloads
  • #3,807
  • Edited 3:51pm Oct 14, 2021 3:25pm | Edited 3:51pm
Quoting kapital
{quote} Follow-up: {image}
https://www.forexfactory.com/attachm...1&d=1634186384
https://www.forexfactory.com/attachm...1&d=1634186384
Kapital,
Thanks for your(as well as others well known) consistent contributions to this thread, which helps many of us learners in search of trading strategies.

Been trying using circles e.g the one of Jeanluie, but what am grappling with is the mt4 scaling dimensions that would render e.g. an initially promising method( e.g. a diagonal line acting as resistance) but negated when you adjust the vertical scale(even when Scale fix on), thus rendering it somehow subjective - this in reference to my own attempts of trial and errors. I know its been mentioned(mT4 chart issues) here and there but in your opinion do you have some way of handling it, even as somehow working rule of thumb. Am thinking that a natural way would be to reduce everything to their lowest unit e.g. candles/bar/lines to their smallest size( for horizontal scale) and 1pip( for vertical scale), and use 1MIN data. However using 1 pip scale is naturally quite limiting because of screen sizes. Do you (or any one to kindly comment) have some way, some personal rule of thumb) that somehow lessens scaling problem, specifically with regard to circle dimensions?

Thanks in advance, hoping that I have not missed it- if issue has been exhaustively discussed before.
  • #3,808
  • Oct 15, 2021 7:15am Oct 15, 2021 7:15am
Quoting fxomo
{quote} https://www.forexfactory.com/attachm...1&d=1634186384 {image} Kapital, Thanks for your(as well as others well known) consistent contributions to this thread, which helps many of us learners in search of trading strategies. Been trying using circles e.g the one of Jeanluie, but what am grappling with is the mt4 scaling dimensions that would render e.g. an initially promising method( e.g. a diagonal line acting as resistance) but negated when you adjust the vertical scale(even when Scale fix...
I don't have any experience with mt4 charts. Sorry.
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,809
  • Oct 15, 2021 8:25am Oct 15, 2021 8:25am
Sloped Grid
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,810
  • Oct 15, 2021 8:54am Oct 15, 2021 8:54am
Sometimes you just have to admire ingenuity.
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  • #3,811
  • Edited 3:40pm Oct 17, 2021 11:08am | Edited 3:40pm
Price is facing multiple barriers of resistance. If a breakout to the upside occurs from this area it could have strong momentum. However, Downtown Julie is still behind the steering wheel.

The yellow concentric circle drawn on corner of the square is ALWAYS 1.41% for this corner when a square is drawn in this manner.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,812
  • Oct 17, 2021 10:58pm Oct 17, 2021 10:58pm
Hey everyone. Wish you all a profitable week ahead!

Wanted to share a trade with you guys.

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AUDUSD short.
I used to trade harmonics for a while and I'd gotten pretty good at spotting them. However, getting a good entry which gives you good confidence in your trade was always missing from my toolkit. Having a good entry meaning a smaller stop loss and therefore knowing quickly if it's gonna work out or not.

One thing I'd like to share with everybody is the anatomy of the pullback. I'm always trying to better my entries and not to rush them. Which is a very difficult thing for all of us. Fear of missing out and just that exhilarating moment before the click of mouse when you think to yourself, what if this isn't it? lol
I'm finding out that the more you wait with 5-15 minute candles to form a beautiful pullback to your line, the better your entries get.
Sure, you might say and think a couple of 5 minute candles are enough to quickly get an entry, however I've found that this way you'll get into drawdown more and price will (well not always) eventually form that pretty pullback, do a little stop hunt, and then reverse.
So it's better to give it time for a round little pullback to minimize your drawdown.

Trading with the squaring the range method here has provided me with a lot of insight. For which I'll forever be grateful to Swede for teaching it to me time after time.

I'm looking to hold this up to the week's pivot which is also near the ADR Low.
However I'm teaching my mind not to be fixed about those things. 'Cuz who knows what can happen!
When there's a will, there's a way.
  • #3,813
  • Oct 18, 2021 1:27pm Oct 18, 2021 1:27pm
Quoting OAPDave
News Flash Breaking News Update Update {image} {image}


Diamonds of Conflict ???
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  • #3,814
  • Oct 19, 2021 5:20am Oct 19, 2021 5:20am
Quoting kapital
Price is facing multiple barriers of resistance. If a breakout to the upside occurs from this area it could have strong momentum. However, Downtown Julie is still behind the steering wheel. The yellow concentric circle drawn on corner of the square is ALWAYS 1.41% for this corner when a square is drawn in this manner. {image}
Followup:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,815
  • Oct 20, 2021 7:46am Oct 20, 2021 7:46am
Quoting parisboy
{quote} Diamonds of Conflict ??? {image}

Circles of Uniformity
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,816
  • Oct 21, 2021 11:07am Oct 21, 2021 11:07am
Hourly USD/JPY
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,817
  • Oct 24, 2021 9:18am Oct 24, 2021 9:18am
Follow-up:
Attached Image (click to enlarge)
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,818
  • Oct 24, 2021 12:00pm Oct 24, 2021 12:00pm
Hello,
Does anyone have a projection arc indicator like this in the image for Mt4?
This is from the BTC chart
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"No pain no gain"
  • #3,819
  • Oct 25, 2021 7:35am Oct 25, 2021 7:35am
Inserted Video
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,820
  • Oct 25, 2021 4:39pm Oct 25, 2021 4:39pm
Quoting OAPDave
{quote} Your doing great I had and still have a hard time reading and understanding all about Murrey and his ideas that is why it as took me such a long time to understand it, well in my own way, The chart Shift is the killer to understand , like when Parisboy doubles his envelope,. To this day I have no idea if I trade Murrey the correct way, I just trade It as my eyes see it, and that's after what must be thousands of hours starring at the charts I found the best way in the end was just to watch one pair, then once you could make a few...
Dave, Doubling (or halving) the parameters used to determine the Amplitude of the Envelopes IS a chart shift.
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