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Time and Price Forecasting

  • #3,941
  • Dec 6, 2021 6:36pm Dec 6, 2021 6:36pm
USDCAD 30 mn
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  • #3,942
  • Edited 10:44am Dec 7, 2021 10:29am | Edited 10:44am
self explanatory....second chart how you may have played this out using the diagonals etc.
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  • #3,943
  • Dec 7, 2021 10:54am Dec 7, 2021 10:54am
follow up from yesterday...compare with WTI .....
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  • #3,944
  • Edited 1:10pm Dec 7, 2021 11:30am | Edited 1:10pm
Was able to take this NZDUSD long, but unfortunately closed way too early :/. Must have waited until the next diagonal line which it actually reached! (Like it always does)

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Another psychological barrier of mine which is closing by the first signs of rejection. Must rise above this or I keep leaving money on the table.
When there's a will, there's a way.
  • #3,945
  • Dec 7, 2021 11:44am Dec 7, 2021 11:44am
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Another important thing which I sometimes fall into the trap of.

After getting an entry and opening a position, there are often fake stop hunting moves against our positions which if you have a large position, seeing those big red numbers freak you out and you just give in and close your positions. Which I think is what has happened to many of us and I myself have many times become the victim of it.

However with a good risk management plan and proper lot size, even if you get stopped out, which is totallyyy fine, it's gonna be alright since you get to fight another day.
When there's a will, there's a way.
  • #3,946
  • Dec 7, 2021 12:14pm Dec 7, 2021 12:14pm
Quoting MoeinYzz
{image} Another important thing which I sometimes fall into the trap of. After getting an entry and opening a position, there are often fake stop hunting moves against our positions which if you have a large position, seeing those big red numbers freak you out and you just give in and close your positions. Which I think is what has happened to many of us and I myself have many times become the victim of it. However with a good risk management plan and proper lot size, even if you get stopped out, which is totallyyy fine, it's gonna be alright since...
Dont feel bad to the point of discouragement. We have all been there. Trading NZD can be tough because of its very nature....look at some of the normal activity, average hourly candles from 20 pips to 40 pips if you include the spikes. So, either reduce size or move to more “normal” currency like the Euro.

key to trading while learning a method is simply to only lake positions that leave you relaxed while you determine if your analyses is correct, or flawed. If you have to go down to .01 so be it, that way you have a live trade without the stress. Only add to your position when confident you “know” the nuances of the particular currency your trading.

For example, when the market slows to a crawl like after lunch NY time, even if you see the perfect entry for Euro, long or short, the occilation created by no volume will stop you out every time if you use tight stops like 10-15 pips, and then you get to watch it rally the way you thought in the first place. That can lead to discouragement quickly.

So choose your battles, know when and why your in the trade and use risk management according the activity present.
  • #3,947
  • Dec 7, 2021 12:53pm Dec 7, 2021 12:53pm
Quoting Swede
{quote} Dont feel bad to the point of discouragement. We have all been there. Trading NZD can be tough because of its very nature....look at some of the normal activity, average hourly candles from 20 pips to 40 pips if you include the spikes. So, either reduce size or move to more “normal” currency like the Euro. key to trading while learning a method is simply to only lake positions that leave you relaxed while you determine if your analyses is correct, or flawed. If you have to go down to .01 so be it, that way you have a live trade without the...
You're absolutely right. I think after 19:00 - 20:00 MetaTrader time price action is very choppy and it's hard to make sense of it. That would be the NY noon I think. By that time if you're already in a trade, good. If not, getting an entry is one difficult thing to do. (or at least for me)

And as I look back the best trades I took were mostly after 16:00 and before 18:00. Which I think would be the optimal time for me.
When there's a will, there's a way.
  • #3,948
  • Dec 7, 2021 6:30pm Dec 7, 2021 6:30pm
Whoa.
What an excellent thread I have found on FF. Couldn't take my eyes off. Great work.
  • #3,949
  • Dec 8, 2021 12:37pm Dec 8, 2021 12:37pm
Quoting Swede
{quote} Your travelling to Haines, Alaska? Beautiful country if you like true wilderness in every direction....Cruise port pic {image}
Yes its on my bucket list
Love the Gold Rush Discovery program
watched Parker grow up on it, find it quite inspirational
  • #3,950
  • Dec 8, 2021 2:12pm Dec 8, 2021 2:12pm
Quoting Swede
Sue and I took the Alaska cruise out of Seattle 2 years ago....went up to Fairbanks, Juneau and into some of the glaciers, over the Gold Rush train to Skagway....out of all the trips we have taken that was just simply the best....went with Holland America for just 7 days, half the price of some of our trips yet best memories ever....
Thanks for that I will keep it in mind
  • #3,951
  • Dec 8, 2021 4:27pm Dec 8, 2021 4:27pm
Quoting Swede
{quote} And it illustrates the importance of doing your initial analyses on the Daily/Weekly time frames....it only took minutes to do back in October as you said...and the chart can just run and run for weeks without further adjustments....then the day comes and you have a real strong reason to jump on board....just a few of those per year will make your account soar....nice...great post Dave!!!!
Yes, beautiful. I'm having a great time setting all my charts up
  • #3,952
  • Dec 9, 2021 3:59am Dec 9, 2021 3:59am
GBPUSD 15 mn
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  • #3,953
  • Dec 10, 2021 9:08am Dec 10, 2021 9:08am
Hey guys.
Hope you're doing good!

Was able to catch this 20 pip short on GBPUSD. Very happy about it. After some experiences and backtesting, I've decided to go for 20 pip moves in NY session. As holding out for more has often caused me to break even or give most of the profit back.
I think this is what can be considered as greed in the market. (At least for me)
Closing shop for this week. I feel if I start looking for other trades, I'm gonna be giving back my profit. Better do that next week lol.

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---------------------------

Yesterday's EURUSD move was even better. Was able to catch it at NY open.

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When there's a will, there's a way.
  • #3,954
  • Dec 12, 2021 4:49pm Dec 12, 2021 4:49pm
Astrology is the purest form of Geometry--says Zadkiel

Hope we still study Astrology as much as we study geometry. I have left details in earlier posts about both subjects.

Have left a description of Nasdaq trade using Astrology that is to happen today here: https://emmanuelkaonga.wordpress.com.../prediction-1/

As patterning to geometry anyone understood triangulation by Cowan?
  • #3,955
  • Edited 9:23am Dec 13, 2021 8:57am | Edited 9:23am
Any guys that turn up to see what this journal/thread is about, cannot but be impressed with all the very cleaver out the box thinking.
I have looked at most of what as been shown but sadly I have to confess its way above my pay grade
With my inability to take onboard what is being shown, regretfully
I will just content myself with
Drawing the
BOX
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  • #3,956
  • Dec 13, 2021 10:43am Dec 13, 2021 10:43am
EURUSD 1 mn

Closed Long Position after the Break on the Downside of the FLD 16 (Black) + 72 pips
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  • #3,957
  • Dec 13, 2021 10:58am Dec 13, 2021 10:58am
Quoting parisboy
EURUSD 1 mn Closed Long Position after the Break on the Downside of the FLD 16 (Black) + 72 pips {image}
How did you get 72 pips out of a 35 pip move?
  • #3,958
  • Dec 13, 2021 11:02am Dec 13, 2021 11:02am
NY opening trade short ....challenging London High overnight
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  • #3,959
  • Dec 13, 2021 11:35am Dec 13, 2021 11:35am
Quoting Swede
{quote} How did you get 72 pips out of a 35 pip move?
Good question Swede !

Entry 1,2873
Exit 1,2945

I just earned 7,21 $ !

Trading Bitcoin is more profitable
  • #3,960
  • Dec 13, 2021 12:29pm Dec 13, 2021 12:29pm
EURUSD 1 mn

What is a "Focal Point" ? It is the intersection of at least 2 Centered Moving Averages and of Price Action

Last EURUSD Top was located at 1,3072

Focal Point was visualy estimated at 1,2991.

Focal Point is (roughly) located at the MIDDLE of the present downtrending Swing.

Hence when we can estimate the place of the Focal Point , we can estimate the end of the Swing.

1,3072 - 1,2991 = 0,0081

Since the Top at 1,3072 the downtrend Swing is estimated 2 x 0,0081 = 0,0162 +/- 10 %

1,3072 - 0,0162 = 1,2910 +/- 0,0016

Real Low was 1,2914

Hence when we reached the Real Low at 1,2914 and saw an uptrending bounce (HA candles turning green), we saw a candidate Long.
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