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Predicting swing tops and bottoms in any time frame

  • #101
  • Oct 14, 2021 6:25pm Oct 14, 2021 6:25pm
and also can you show us your live trading result using this method, thank you again
  • #102
  • Oct 14, 2021 10:39pm Oct 14, 2021 10:39pm
Quoting Vin3
Hi greenbro, Can you make full and complete explanation of this method, where to enter and where to exit trades, thanks
What I do when trading is I analyze both 30 min and 15 min time frames and pick the turning point in 15 min time frame. Then I watch closely when it comes closer to the turning point. If the last few 1 hour bars have made lower lows or lower highs then I figure out the turning point is going to be a bottom. If the last few 1 hour bars have made higher highs or higher lows then I figure out the turning point is going to be a top. So when the 15 min bars show a price reversal, I take the trade to that direction and keep my stoploss below the last low or above the last high. Usually the stoploss maximum stoploss is around 20 pips. This worked very well for me but I was busy with my full time job and couldnt do much trading later.
  • #103
  • Oct 14, 2021 10:44pm Oct 14, 2021 10:44pm
Quoting Vin3
and also can you show us your live trading result using this method, thank you again
However you cannot wing every trade, But system works very well. Students who learned from me personally have said that they have got good results but I really cannot deal with my emotions when I lost a trade. Some people had done better even only with my indicator and without knowing the theory behind it. If you wait patiently, you can catch many tops and bottoms in any time frame and trade them
  • #104
  • Oct 15, 2021 4:02am Oct 15, 2021 4:02am
thanks greenbro, well said, what is the winrate of this method? what is the percentage that I can predict the top or bottom using this method?
  • #105
  • Oct 15, 2021 6:16am Oct 15, 2021 6:16am
Quoting Vin3
thanks greenbro, well said, what is the winrate of this method? what is the percentage that I can predict the top or bottom using this method?
If you practice the method well, you will be able to get an accuracy of nearly 80% from this method
  • #106
  • Oct 15, 2021 12:00pm Oct 15, 2021 12:00pm
great, do you have indicator using this method? please share, thanks
  • #107
  • Oct 19, 2021 2:12am Oct 19, 2021 2:12am
Thanks GreenBro for this wonderful thread.
  • #108
  • Oct 19, 2021 7:16am Oct 19, 2021 7:16am
Quoting greenbro
Here is a setup for EUR/USD 1hr chart. See how DO notes of both cycles coincide. {image} Here is a trade setup for EUR/USD Daily chart. This is only 144 cycle. {image}

Hi Greenbro,

I was wondering if you can explain exactly on how you choose where to start the Fib time on the chart. I would love to learn how to use this and master it, as it will enhance my current system exponentially.
  • #109
  • Oct 19, 2021 2:49pm Oct 19, 2021 2:49pm
Hi greenbro,
I really think very amazing like you are thinking about price.
but, I canīt get what start a Fibo timezone. I could see any charts in postīs starting everwhere, but sorry, I am not undertanding the rule to start the fibotime
Can You explain more about?

thank you
  • #110
  • Oct 20, 2021 1:17am Oct 20, 2021 1:17am
Quoting TeChaoLiang
Thanks GreenBro for this wonderful thread.
Thank you very much my friend
  • #111
  • Oct 20, 2021 1:33am Oct 20, 2021 1:33am
Quoting ahmedali328
{quote} Hi Greenbro, I was wondering if you can explain exactly on how you choose where to start the Fib time on the chart. I would love to learn how to use this and master it, as it will enhance my current system exponentially.
Hello friend, please go through post 65. There you can see how to identify a correct swing top or a bottom. The last Do note should be the prediction. It should fall on a future bar. Other seven notes must fall on minor or major swing tops and bottoms with +-1 bar accuracy. +-1 bar accuracy means that the note can be fallen after or before one bar from the actual top or bottom.
  • #112
  • Oct 20, 2021 1:34am Oct 20, 2021 1:34am
Quoting TBitten
Hi greenbro, I really think very amazing like you are thinking about price. but, I canīt get what start a Fibo timezone. I could see any charts in postīs starting everwhere, but sorry, I am not undertanding the rule to start the fibotime Can You explain more about? thank you
Hello friend, please go through post 65. There you can see how to identify a correct swing top or a bottom. The last Do note should be the prediction. It should fall on a future bar. Other seven notes must fall on minor or major swing tops and bottoms with +-1 bar accuracy. +-1 bar accuracy means that the note can be fallen after or before one bar from the actual top or bottom.
  • #113
  • Oct 20, 2021 1:38am Oct 20, 2021 1:38am
If anyone is new to this thread, please go through post 1,3,4,63 and 65 to get more insight to this forecasting method
  • #114
  • Oct 24, 2021 9:48pm Oct 24, 2021 9:48pm
Hi, all,
I prepared a script for more easy to put FaboTimeZone on the chart as attached. Hope you like it.
However, it is still not so easy to align the first 7 notes to the highest high or the lowest low. Any tips?
Attached File(s)
File Type: ex4 FiboTimeZone.ex4   11 KB | 406 downloads
Attached File(s)
File Type: mq4 FiboTimeZone.mq4   8 KB | 417 downloads
  • #115
  • Oct 24, 2021 11:10pm Oct 24, 2021 11:10pm
Have you considered the significance of 72 in music (look it up), in finance (rule of 72), resolution of Apple McIntosh screed (72dpi), a dulcimer has 72 strings, a circle has 5 parts/points of 72 degrees, spirituality (See the Lesser Key of Solomon), 4 rounds of golf (played in all major tournaments apparently (i am not a golfer)), a common limit of number of characters per line of computing, and coincidentally it is 1/2 of your 144...etc. It is a very significant number. I have used it for years in place of fib precise numbers with higher accuracy of pullbacks and turning points. It is very likely it works with your method as well.
  • #116
  • Oct 25, 2021 12:38am Oct 25, 2021 12:38am
Yes, for myself also, the biggest problem I'm also having is the "starting point" to draw the fib, so I agree with others. Without a logical starting point, we also cannot help you improve what you are sharing with us... Interesting concept too as I am a musician for 43 years and a trader for 13 and it would be cool to find a good way to merge the two concepts.
  • #117
  • Oct 28, 2021 12:49am Oct 28, 2021 12:49am
Quoting TeChaoLiang
Hi, all, I prepared a script for more easy to put FaboTimeZone on the chart as attached. Hope you like it. However, it is still not so easy to align the first 7 notes to the highest high or the lowest low. Any tips?{file}{file}
Hello, thank you for your effort. I have to download MT4 to test your script as I have only MT5 in my computer now. You dont need to align them on highest high or lowest low. But they need to be aligned on smaller or bigger swing tops or bottoms. But sometimes we will not be able to align all the notes with swing highs or lows. So we can ignore one note. So therefore at least 6 notes out of 7 must align on swing tops or bottoms
  • #118
  • Oct 28, 2021 12:51am Oct 28, 2021 12:51am
Quoting modsky
Have you considered the significance of 72 in music (look it up), in finance (rule of 72), resolution of Apple McIntosh screed (72dpi), a dulcimer has 72 strings, a circle has 5 parts/points of 72 degrees, spirituality (See the Lesser Key of Solomon), 4 rounds of golf (played in all major tournaments apparently (i am not a golfer)), a common limit of number of characters per line of computing, and coincidentally it is 1/2 of your 144...etc. It is a very significant number. I have used it for years in place of fib precise numbers with higher accuracy...
Thanks for your stuff. I didnt know many of them before. I also dont know about music too I know only the ratios of these notes.
  • #119
  • Oct 28, 2021 12:54am Oct 28, 2021 12:54am
Quoting cobes
Yes, for myself also, the biggest problem I'm also having is the "starting point" to draw the fib, so I agree with others. Without a logical starting point, we also cannot help you improve what you are sharing with us... Interesting concept too as I am a musician for 43 years and a trader for 13 and it would be cool to find a good way to merge the two concepts.
Dont think of the starting point. But please try to align the 7 notes so that they align with swing tops and bottoms. The can be very short lived tops or bottoms but it is totally ok. Also go through my posts and try to understand how I have done it
  • #120
  • Oct 28, 2021 5:25am Oct 28, 2021 5:25am
Quoting greenbro
{quote}You dont need to align them on highest high or lowest low. But they need to be aligned on smaller or bigger swing tops or bottoms. But sometimes we will not be able to align all the notes with swing highs or lows. So we can ignore one note. So therefore at least 6 notes out of 7 must align on swing tops or bottoms
Have we need to keep the length exactly to 144? Could it be possible a little variation? For instance, from 144 to 169?
If the length can be variate, it is more easier to align each notes.
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