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Time and Price Forecasting

  • #3,881
  • Edited 10:42am Nov 26, 2021 10:07am | Edited 10:42am
and the reason is.....USDX
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  • #3,882
  • Edited 11:51am Nov 26, 2021 10:45am | Edited 11:51am
Quoting OAPDave
{quote} Swede Hope you do not mind but here would be my view {image}
I have a feeling this is some kind of turning point....just intuition though, but it’s not hard to see USDX is in retreat.

(and another strain of covid coming out of Africa is just not good news atm). Sue and I have a cruise leaving Southampton in May, destined for St. Petersburg....but not holding my breath...Maybe we will just fly from Calgary and enjoy Britain for a couple weeks....never been to Scotland or Ireland so that would be a good alternative.
  • #3,883
  • Edited 1:55pm Nov 26, 2021 11:02am | Edited 1:55pm
Probably some of the younger or newer traders have never heard about this pattern or where it came from...well, they know it by other names but Bill Wolfe is the originator of the Wolfe Wave....and they work with such precision ...anyway, it was time for Cad and USDX was the trigger...

ps...as you can see my example was not a true Wolfe Wave, more like a Gartley, but these patterns can have stupendous results if the trader can sit on his hands until the pattern completes.

edit...your probably wondering why post this pattern now...well, have a close look at the diagonals from key points and realize the turning points are structured, the pattern is structured thus making the diagonals very precise....both for entries and targets
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  • #3,884
  • Nov 26, 2021 11:32am Nov 26, 2021 11:32am
Quoting OAPDave
{quote} Swede TBH you got me on that one
most see the Gartley though...
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  • #3,885
  • Nov 26, 2021 1:50pm Nov 26, 2021 1:50pm
Was hoping to see this area reached today for the short....but will see after the weekend I guess.
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  • #3,886
  • Nov 26, 2021 4:00pm Nov 26, 2021 4:00pm
Quoting OAPDave
I can only say WOW Seems I made a right mess of my Sell from 16250 exit @ 15825 {image} {image} {image}
Well, your only human, who knew there would be such a strong reaction today.....honestly, the world is nervous again, volatility will be strong the next few days...
  • #3,887
  • Nov 26, 2021 4:16pm Nov 26, 2021 4:16pm
Wolfe Wave entry was London just after openning, exit was NY session where short term shorts were considerred...
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  • #3,888
  • Nov 26, 2021 5:16pm Nov 26, 2021 5:16pm
Now, how was the exit further showing confluence....by one more step if you want to estimate WHEN to exit....pretty precise I would say and 58 pips in the bank on a counter trend trade..... during a highly short market
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  • #3,889
  • Nov 27, 2021 12:02pm Nov 27, 2021 12:02pm
missed 225 pips....has a lot to do with new variant hitting the news but the WW wave was there...
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  • #3,890
  • Nov 28, 2021 7:57pm Nov 28, 2021 7:57pm
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Waiting on a possible AUDUSD entry. Could we see a possible breakout to the upside or a continuation of downtrend?
When there's a will, there's a way.
  • #3,891
  • Nov 29, 2021 8:11am Nov 29, 2021 8:11am
Quoting MoeinYzz
{image} Waiting on a possible AUDUSD entry. Could we see a possible breakout to the upside or a continuation of downtrend?
My 2 cents
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  • #3,892
  • Nov 29, 2021 8:39am Nov 29, 2021 8:39am
Quoting parisboy
{quote} My 2 cents {image} {image}
Quite curious how those lines work and what your 2 cents are saying parisboy lol. I myself rarely had good experience learning or trading with MAs. Kinda my weak spot as one would say.
When there's a will, there's a way.
  • #3,893
  • Nov 29, 2021 10:04am Nov 29, 2021 10:04am
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Ended up shorting at the break of the diagonal 2 hours after NY open.
Out now at ADR low.

What's your preference regarding the session opens? How long do you usually wait after an open? Or it's all relative and depending on the sentiment and etc?
When there's a will, there's a way.
  • #3,894
  • Nov 29, 2021 9:21pm Nov 29, 2021 9:21pm
watching
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  • #3,895
  • Nov 29, 2021 9:25pm Nov 29, 2021 9:25pm
Quoting MoeinYzz
{quote} Quite curious how those lines work and what your 2 cents are saying parisboy lol. I myself rarely had good experience learning or trading with MAs. Kinda my weak spot as one would say.
Its a complete study and method in itself...envelopes with setbacks....go to his forum envelopes where it is explained extensively. He is a very good trader with extensive experience..
  • #3,896
  • Nov 29, 2021 11:18pm Nov 29, 2021 11:18pm
Gosh.. what a dive on Asian currencies.

Market is on panic mode again.
When there's a will, there's a way.
  • #3,897
  • Nov 30, 2021 3:55am Nov 30, 2021 3:55am
Look for a potential reaction (support or catalyst for further movement downward) at the bottom purple sliding parallel of the regular pitchfork due to the resistance met at the bottom purple sliding parallel of the modified schiff pitchfork.
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"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #3,898
  • Edited 8:00am Nov 30, 2021 5:51am | Edited 8:00am
Quoting Swede
watching {image}
Swede
I like the left side chart of your post
Guys ought to really look what you are showing
In fact I was trying to find the similar one you posted a while back yesterday
Simple, Constant and Set Rules for Entries and Exits combined with good Money Management

ps
I would still add my Pivot Calculator though as an aid

HaHaaaaaaaaaaaaaaaa

(update)
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  • #3,899
  • Edited 4:58pm Nov 30, 2021 10:25am | Edited 4:58pm
Quoting OAPDave
{quote} Swede I like the left side chart of your post Guys ought to really look what you are showing In fact I was trying to find the similar one you posted a while back yesterday Simple, Constant and Set Rules for Entries and Exits combined with good Money Management ps I would still add my Pivot Calculator though as an aid HaHaaaaaaaaaaaaaaaa (update) {image} {image}
I will open the chart up to see better. I only use this on the daily chart as a potential entry. The concept is taken from ICT who trades this method on every time frame, but I only use it as a guage on the daily...The concept is simple, wherever there is a change in direction there is usually a pump candle closing green (or vise versa on a change to long) at the top of the range, the next candle falls hard indicating a change in direction, the subsequent candles will come back and test the area....that is the entry...the retest.

ps....if anyone wants to experiment with this method, make sure the reverse candle breaks the range and closes accordingly, before the potential is valid.
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  • #3,900
  • Nov 30, 2021 10:28am Nov 30, 2021 10:28am
Quoting Swede
{quote} I will open the chart up to see better. I only use this on the daily chart as a potential entry. The concept is taken from ICT who trades this method on every time frame, but I only use it as a guage on the daily...The concept is simple, wherever there is a change in direction there is usually a pump candle closing green (or vise versa on a change to long) at the top of the range, the next candle falls hard indicating a change in direction, the subsequent candles will come back and test the area....that is the entry...the retest. {image}...
My new interest
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