Time and Price Forecasting | Page 203 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Gann angles forecasting Method and SHIBA INU 0 replies

All the Forecasting and Prediction indicators on the market? 18 replies

Economic Indicator Forecasting by Banks: Why and how 4 replies

Anticipation vs. Forecasting 0 replies

Neral Networks to perform technical forecasting 0 replies

Attachments: Time and Price Forecasting
Exit Attachments

Time and Price Forecasting

  • #4,041
  • Dec 17, 2021 1:51pm Dec 17, 2021 1:51pm
The thing I love about this system is that even if you use an impulse wave from two weeks before, by doubling the range and halving the angles, you'd still find great setups that work.

Just like the USDCAD

1 Hour:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 44 KB


15 Minute:
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 30 KB
When there's a will, there's a way.
  • #4,042
  • Dec 17, 2021 1:54pm Dec 17, 2021 1:54pm
Quoting OAPDave
{quote} I think you need to spend a little time thinking about Daily Range and Range expansion Money never sleeps ps I am showing you the same setup as I have been posting just checking how and if its robust {image}
Hi Dave.

Sure I do. I use ADR High and Low and also the percentage the pair has moved in relation to the average.

The thing with USDCAD today was my hesitation to take my profit of the table. Holding for more than 15-20 pips has rarely worked out for me. So that's on me. System is accurate. Plus resetting my diagonals would have helped me make a better entry. Need to keep in mind for Fridays, I need a recent wave to reset the angles. Works best.
When there's a will, there's a way.
  • #4,043
  • Dec 17, 2021 2:09pm Dec 17, 2021 2:09pm
Quoting OAPDave
{quote} Why do you not play around with Swede's Grid and Diagonal tool he had made Its a Game Changer TBH I wish he would hide it now before too many idiots understand it, and then it just might lose its edge
Which one do you mean Dave?
Could you refer the post or the indicator?
When there's a will, there's a way.
  • #4,044
  • Dec 18, 2021 3:02pm Dec 18, 2021 3:02pm
Quoting OAPDave
https://youtu.be/D7_IiBf11Ug https://youtu.be/ujead6JjPsU
Hi Dave. How you doing?

Thanks for sending these. Great to refresh on those.
I owe my latest progress in trading to the teachings on this thread. I do use the grid though. I use MT5 and I just draw cycle lines using the high and low of the impulse wave. From there I just draw the fib fans (in 8ths). A shortcut to drawing the diagonals by trend lines through the squares.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 43 KB

I'm finding that keeping the impulse wave recent is very important. I always do this in the start of the week and I keep in mind to renew it if the need comes up.
However I forgot to do this with USDCAD! Gosh that was an oversight on my part, because look at this! I could've even got in at a better price and my exit would've been much better lol.

BUT! I love trading more than ever now because of the process. It's become a fantastic journey, rather than a means to some money.

I appreciate you guys here keeping this golden thread alive.

Wish you the best! Have a happy weekend.
When there's a will, there's a way.
  • #4,045
  • Dec 18, 2021 3:56pm Dec 18, 2021 3:56pm
https://www.mql5.com/en/charts/15050...-group-limited
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD.aH4.png Size: 99 KB
  • #4,046
  • Dec 19, 2021 9:12am Dec 19, 2021 9:12am
BTC-USD 1 mn

Closed Long position + 25 points
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 117 KB
  • #4,047
  • Dec 19, 2021 9:21am Dec 19, 2021 9:21am
BTC-USD 1 mn

Closed Long Position + 145 points
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 114 KB
  • #4,048
  • Dec 19, 2021 9:23am Dec 19, 2021 9:23am
BTC-USD 1 mn

Short position opened
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 114 KB
  • #4,049
  • Dec 19, 2021 9:25am Dec 19, 2021 9:25am
BTC-USD 1 mn

Short follow-up
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 122 KB
  • #4,050
  • Dec 19, 2021 9:39am Dec 19, 2021 9:39am
Quoting OAPDave
{quote} Hi M That's a good post, sure to help anyone that is interested Tbh I use Swede's Grid box with diagonals ( in the paper clip ) just find it easier and quicker to setup and move around the chart I have been setting mine from MY UK Daily High and Low {image} {image} {image} {image} {image}
Hmm that's very interesting actually.. having a whole day of price action in the grid and then drawing the diagonals from there...
Seems and sounds intriguing. I might try it out and see how it works out. Because I usually just use a recent impulse leg from high to low, and then draw the angles from there. But you seem to separate each day, and the have the price action of that day in the grid and then draw the diagonals. (right?)
When there's a will, there's a way.
  • #4,051
  • Dec 19, 2021 9:47am Dec 19, 2021 9:47am
BTC-USD 1 mn

Opened Short position
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 141 KB
  • #4,052
  • Dec 19, 2021 10:00am Dec 19, 2021 10:00am
BTC USD 1 mn

Closed position + 60 points
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 137 KB
  • #4,053
  • Dec 19, 2021 10:05am Dec 19, 2021 10:05am
BTC-USD 1 mn

Opened Short position
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 136 KB
  • #4,054
  • Dec 19, 2021 10:17am Dec 19, 2021 10:17am
BTC-USD 1 MN


Target reached

Closed position + 178 points
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 135 KB
  • #4,055
  • Dec 19, 2021 10:28am Dec 19, 2021 10:28am
Quoting OAPDave
{quote} Well kind of yes and no You have the option to have the Diagonals turn On or Off when you set the Grid The guy jeanlouie who created the Indicator for Swede even made another one that extends the cycle line our into the future The one I have previously shown does the same BUT does not extend the cycle lines forward {image} {image}
I think we're both thinking of and doing the same concept with a different view. Because I do use cycle lines and grid but as I'm in MT5, there's no grid for me and also since fib fans do the job of drawing the diagonals, I just didn't feel the need for the grid. Although in the past that I used in TradingView, the fib fans are already in the grid. Not using TradingView anymore though. I think I realize why Swede left it. It sometimes can be inaccurate. MT5 is in many situations helped me better than TradingView so I tossed it.

This is how I would draw the grid and diagonals in DAX if I were to use the swing you used. (though the highs and lows might be a little different because of different brokers and all)

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 42 KB
When there's a will, there's a way.
  • #4,056
  • Dec 19, 2021 4:43pm Dec 19, 2021 4:43pm
Quoting Swede
{quote} Just a thought regarding Cad. The Canadian dollar is considered a resource based currency. The greatest resource in Canada is the vast reserves of crude, so based on the price of crude, Cad will strengthen against USD, or weaken based on WTI, West Texas Intermediate. So, during the New York futures market hours, if crude runs higher, Cad runs lower, or becomes more valuable against usd. (Inverse relationship in Forex ) So, if your thinking of scalping during the New York session it is very useful ( even critical) to see how WTI is trading,...
Hi Swede. Thanks for the explanation. Yeah for sure should keep an eye out on Crude when trading CAD. I often do. Certainly not too much though. Fundamentals are important and we should have some idea what's going on but thinking too much about them isn't good for a trader. In that case you wind yourself up trying to make a decision.

Let's see what we can extract from the market these couple of days before Christmas.
Personally often don't trade Mondays. I found that by Monday close I can review my diagonals and check if it needs readjusting. Mondays rarely work out for me.
When there's a will, there's a way.
  • #4,057
  • Dec 19, 2021 7:22pm Dec 19, 2021 7:22pm
D1
Attached Image (click to enlarge)
Click to Enlarge Name: w123.png Size: 81 KB
  • #4,058
  • Dec 20, 2021 2:57am Dec 20, 2021 2:57am
BTC-USD 1 mn

Opened Short position
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 126 KB
  • #4,059
  • Dec 20, 2021 3:01am Dec 20, 2021 3:01am
BTC-USD 1 mn

First FLD Target reached
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 84 KB
  • #4,060
  • Dec 20, 2021 3:04am Dec 20, 2021 3:04am
BTC-USD 1 mn

Short Follow-up
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 126 KB
1 trader viewing now