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Time and Price Forecasting

  • #3,861
  • Nov 12, 2021 11:22am Nov 12, 2021 11:22am
Playing cable this way.....the scalp at the 25% test level was good for 40 pips on two small lots....but now its a waiting game

And Euro looking dismal....
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  • #3,862
  • Edited 12:23pm Nov 12, 2021 11:32am | Edited 12:23pm
Quoting OAPDave
Parisboy showed us the Octave Doubling Process Here is my attempt after Squaring the Chart Set once then forget {image} {image} {image}
I really agree with the concept...several ways to double, or half a range, and divide out significant levels using diagonals....way more accurate than using indicators which are too late often...One thing that is a problem with doing that with indices, is the overnight trading after the main sessions are done...the overnight trading can throw out the concept significantly...so I guess the solution would be end of day charts that only draw the main sessions....here is the one hour...seems like 13 was the top...
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  • #3,863
  • Nov 15, 2021 3:51am Nov 15, 2021 3:51am
EURUSD Daily
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  • #3,864
  • Nov 17, 2021 10:18pm Nov 17, 2021 10:18pm
Hey guys.
Wishing everyone good days, good deeds, and healthy days.

Been busy experimenting a lot with the knowledge I took away from this thread, so pardon my absence.

I renounced MetaTrader as it constantly lacked the precision I wanted. The experiences became very frustrating as my lines kept moving around and I kept getting resistance on one time frame, ending up with support on another.
I started using TradingView a couple days ago and it's proven much superior and easy to command. If anyone's having hard times with MT4, I suggest you try tradingview some time. It it very smooth.

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Wanna share a buy trade I got running in NZDUSD. Breaking above a line, retesting it and showing support. Will need monitoring to see if it holds up.

I've been halving my diagonals as the chart went further and further, which is equivalent to squaring the square. And it's proved very practical.
Wanted to share with you guys and see if anyone'll find it useful.

Happy trading and have a great week.
When there's a will, there's a way.
  • #3,865
  • Nov 19, 2021 5:48pm Nov 19, 2021 5:48pm
Quoting MoeinYzz
Hey guys. Wishing everyone good days, good deeds, and healthy days. Been busy experimenting a lot with the knowledge I took away from this thread, so pardon my absence. I renounced MetaTrader as it constantly lacked the precision I wanted. The experiences became very frustrating as my lines kept moving around and I kept getting resistance on one time frame, ending up with support on another. I started using TradingView a couple days ago and it's proven much superior and easy to command. If anyone's having hard times with MT4, I suggest you try tradingview...
'
Hope you caught a few pips on that one....diagonals when used properly also tell you quite plain when to take profit of get out...pretty clear once the diagonal was challenged several times and failed....

Another way to analyse your chart, using the same high but measuring the low from the next wave down , is to use the fib fan set in 8ths....where is crossed the high or low mark with a verticlal line...often gives you a very precise turning point, expecially on daily charts...

I agree Mt4 can be a challenge, but I found there are cons on tradingview also...
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  • #3,866
  • Nov 19, 2021 9:56pm Nov 19, 2021 9:56pm
Quoting Swede
{quote} ' Hope you caught a few pips on that one....diagonals when used properly also tell you quite plain when to take profit of get out...pretty clear once the diagonal was challenged several times and failed.... Another way to analyse your chart, using the same high but measuring the low from the next wave down , is to use the fib fan set in 8ths....where is crossed the high or low mark with a verticlal line...often gives you a very precise turning point, expecially on daily charts... I agree Mt4 can be a challenge, but I found there are cons...
Hey Swede. Hope you're doing great.

First off, thanks so much for the advice and showing the ropes. This thread is my favorite thread because of all the great feedback, esp from you.

That Fib fan actually is a great tool now that I see. I've often wondered how to use that, now I see we can actually use the fans to shortcut the trendline drawing from the square everytime. Saves a lotta time. Can't believe I missed that lol.
When there's a will, there's a way.
  • #3,867
  • Nov 20, 2021 4:35am Nov 20, 2021 4:35am
A little Confluence if needed ?
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  • #3,868
  • Edited 4:31pm Nov 20, 2021 11:11am | Edited 4:31pm
Quoting OAPDave
A little Confluence if needed ? {image} {image} {image}
looks like make or break area to me,,,,worth keeping on the radar for certain...a brake should target 69 quite easy imho...watch USDX and Euro for clues as to strength and direction..

(catch this one one right and we can drive to the bank in OAPDave’s new electric Mercedes car)
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  • #3,869
  • Nov 20, 2021 7:10pm Nov 20, 2021 7:10pm
Quoting Swede
{quote} looks like make or break area to me,,,,worth keeping on the radar for certain...a brake should target 69 quite easy imho...watch USDX and Euro for clues as to strength and direction.. (catch this one one right and we can drive to the bank in OAPDave’s new electric Mercedes car) {image} {image}
Swede
Really like that drawing
It reminds me of my saying
If my eyes don't see it, it aint there
  • #3,870
  • Edited Nov 21, 2021 6:43pm Nov 20, 2021 11:43pm | Edited Nov 21, 2021 6:43pm
Quoting OAPDave
Swede Do you remember this Oil chart you posted a short while ago ? {image} {image} {image}
Yes, and I failed to launch........and at the same time I failed to act on Cad....getting old I think
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  • #3,871
  • Nov 22, 2021 10:07am Nov 22, 2021 10:07am
Quoting OAPDave
{quote} Swede Before we found the Grid Box Diagonals and in my case Murrey, we were both I guess trading with other methods We have been talking about Confluence So in a funny sort of way, your Grid box and Murrey acts as confluence to my old trading method, this gave my the choice to check each one against each other, seeing the strength's and weakness of each individual ( indicator ) Obviously you can go over the top with Confluence but by saving different templates does help take a little stress away from your eyes Just my view anyway {image}...
I totally agree, I seldom enter a trade without confluence, seldom trade just on the grid or diagonals...but there is one diagonal I always pay attention too and that is the 1x1....example below....
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  • #3,872
  • Nov 22, 2021 12:16pm Nov 22, 2021 12:16pm
DAX 1 H

Tillman Forks
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  • #3,873
  • Nov 22, 2021 12:30pm Nov 22, 2021 12:30pm
DAX 1 H
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  • #3,874
  • Nov 22, 2021 12:41pm Nov 22, 2021 12:41pm
Nasty move there was no reason to be short at this point...wonder how many stops were taken out???? Cheesh!
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  • #3,875
  • Nov 22, 2021 3:24pm Nov 22, 2021 3:24pm
Quoting OAPDave
{quote} Parisboy No problem with Envelopes, but try as I might, just cannot get my eyes to love these Tillman Forks Sorry
better vision
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  • #3,876
  • Nov 22, 2021 8:30pm Nov 22, 2021 8:30pm
Quoting OAPDave
{quote} Swede We have a difference in data ? {image}
Very suspicious move....and I’m sure the dealer will have many reasons when challenged...
  • #3,877
  • Nov 22, 2021 11:18pm Nov 22, 2021 11:18pm
HOURLY USD/JPY
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,878
  • Nov 23, 2021 11:03am Nov 23, 2021 11:03am
Follow-up:
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,879
  • Nov 23, 2021 7:43pm Nov 23, 2021 7:43pm
The beauty of this system is that there's always an entry around the corner. You just have to be patient enough and have your angles drawn correctly.

Caught a quick 30 pip NZDUSD short after news. Possibly can break more to the downside, however I'm out and happy with this quick 30 min trade.

Grateful to all you guys with the methods taught

Stay healthy.


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When there's a will, there's a way.
  • #3,880
  • Nov 26, 2021 4:19am Nov 26, 2021 4:19am
In my view
THE BEST PIVOT INDICATOR
bar none
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